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Morgan Stanley’s surprise round of layoffs this past week was the result of “shifting business and location priorities,” and “individual job performance” issues here and abroad, according to the firm’s flacks. But insiders close to the Wall Street giant say the real culprit can be summed up in two letters: “A” and “I.” No doubt, […]
Federal authorities arrested 12 alleged members and associates of the 18th Street gang Thursday (March 5), saying the group ran a criminal network around Los Angeles’ MacArthur Park that mixed drug trafficking, illegal gambling, extortion, and violence. Investigators say the operation functioned as both a narcotics marketplace and a hub for underground gambling tied to […]
A fresh selloff could hit Wall Street as soon as this week, with Goldman Sachs’ Panic Index signaling markets are near “max fear” despite Friday’s rally. Analysts at Goldman’s trading desk estimate that as much as $33 billion of selling could hit US equities this week, telling investors that they need to “buckle up,” according […]
The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. The practice has been around for decades but surged […]
Wall Street is playing catch-up to the US’ self-employment boom as institutional investors rush to package and sell solo 401(k)s to a new class of high-earning independent workers. JPMorgan Chase, Fidelity, Schwab and Vanguard are leading the push into solo 401(k)s, with banks and asset managers looking to capitalize on the rapidly rising self-employment trend, […]
The mayor of Dallas said he’s ready to welcome a “flood” of Wall Street firms if Zohran Mamdani follows through on his socialist agenda — and even claimed that Texas could overtake New York as the nation’s top financial hub. In an exclusive sitdown interview with The Post, Dallas Mayor Eric Johnson said Mamdani’s socialist […]
Sopa Images | Lightrocket | Getty Images Kyle Dijamco is a proud member of Palantir Technologies‘ fast-growing retail investor base. The Los Angeles-based marketer has bet big on the defense tech stock, even increasing his exposure after a drawdown earlier this year. The 31-year-old’s position now stands at roughly $25,000. “It’s an exciting stock to […]
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers […]
Motek, the fast-expanding mini-empire of Mediterranean cafes, just claimed its fourth Manhattan location. Parent company Happy Corner Hospitality will open the next Motek at 184 Bleecker St. in the West Village, former home to Cafe Figaro. The tenant was repped by KSR, a brokerage led by Carolina Azia and Samuel Chera. A rendering of the […]
The CFA Institute has begun to downplay its controversial DEI initiatives – a major retreat from the once-popular but now dubiously legal hiring framework, On The Money has learned. “Under CEO Margaret Franklin, the CFA Institute has tax-exempt dollars building what is now the largest DEI coalition in the world by assets under management,” said […]
