finance
Top Stories
Facing vehicle damage during heavy rains? Here's how motor insurance can come to your rescue
During heavy rains, the first in line of damage is your vehicle's engine, repairing which could cost you a bomb! If the water enters the engine's cylinder, it can cause it to seize and leave it beyond repair.
Hayley Cuccinello,Emmalyse Br…
Theron Mohamed
Latest Stories
4 mins read
Wall Street is trying to make AI search sexy
The world was introduced to near-perfect search from Google decades ago. So why are Wall Street gia…
Bianca Chan
2 mins read
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
2 mins read
Exodus of foreign investors from Indian markets continues unabated in October. But DIIs are holding the fort steady
Between January and October 2024, foreign investors have invested a net of 1,87,298 crore in India.…
2 mins read
The head of Cubist's centralized high-speed trading unit is out after less than a year
Vibhav Bukkapatanam was a marquee hire focused on high-frequency trading. He joined Cubist, the qua…
Alex Morrell
4 mins read
Inside Blackstone's growing 'credit juggernaut'
Credit is now Blackstone's largest business by assets. COO Jon Gray explains why it's "very early d…
Alex Nicoll
6 mins read
How Blackstone made 18,000 workers owners of their HVAC company
Buyout firms are increasingly giving everyday workers a cut of the profits to boost returns. Inside…
Alex Nicoll
3 mins read
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and …
Theron Mohamed
2 mins read
Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns
While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of th…
5 mins read
Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers
If you're an aspiring homebuyer, now is not the time. And if you're already paying home loan EMIs, …
2 mins read
A quant research leader from Two Sigma's vaunted 'techniques' squad is leaving for Cubist
Kan Huang was a leader in Two Sigma's vaunted machine-learning techniques group. He's joining Cubis…
Alex Morrell
5 mins read
An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
Goldman Sachs' earnings hint at the revival of the M&A market, which could help companies big and s…
Dan DeFrancesco
2 mins read
Citi's regulatory nightmare still haunts CEO Jane Fraser
Citi CEO Jane Fraser was dogged by questions about the bank's longstanding regulatory troubles.
Hayley Cuccinello
1 min read
Things are looking up for Wall Street, and Goldman's third-quarter results show why
Solomon said the M&A market still has a long way to go to reach historical 10-year averages. But he…
Reed Alexander
2 mins read
Allocators that crowded into the biggest hedge funds are worried about these managers crowding into the same trades
A Bank of America survey of 160 hedge fund backers found that they've moved to "consolidation rathe…
Bradley Saacks
2 mins read
India's biggest IPO off to a slow start, subscribed 0.18x on Day 1
Hyundai Motor India allocated 4.2 crore equity shares to these anchor investors at Rs 1,960 per sha…
2 mins read
Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%
Goldman Sachs reported third-quarter earnings on Tuesday that surpassed analysts' expectations.
Theron Mohamed
2 mins read
Media mogul Barry Diller slams fellow billionaires who back Trump for economic reasons: they 'don't need another nickel'
Barry Diller criticized the super-wealthy who ignore Donald Trump's character flaws and support him…
Theron Mohamed
5 mins read
I'm on track to retire at 45. I started my career earning only $26,000 and followed this 4-phase plan.
Annie Cole expects her investment accounts to grow to $1.6 million over the next 10 years, giving h…
Perri Ormont Blumberg
3 mins read
How rich Americans can save on taxes by giving stock and real estate to their parents
The rich can avoid capital gains taxes by giving appreciated assets to their parents and inheriting…
Hayley Cuccinello
3 mins read
Warren Buffett's company website looks like a relic from the 1990s — but that's on purpose
Warren Buffett's Berkshire Hathaway homepage is little more than a list of hyperlinks, but experts …
Theron Mohamed
3 mins read
Jamie Dimon suggests he will remain at JPMorgan for a very long time
Jamie Dimon said his chance of working for the next US president is 'almost nil,' but his time as J…
Reed Alexander
2 mins read
Top GOP donor Ken Griffin is heading to the polls but 'not with a smile' on his face
The billionaire Republican megadonor and Citadel CEO opened up on the 2024 presidential race, taxes…