What you need to know on Wall Street today
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
Upon first glance, Matt Moberg's background fits that of your traditional finance professional.
He got his MBA from a top-tier school, and became a certified public accountant (CPA) early in his career. After an internship at Franklin Templeton, he scored a full-time gig and eventually ascended the ranks over two decades to his current position as lead manager of the firm's $5 billion DynaTech fund.
But it's Moberg's undergraduate background as a European history major he says gives him an edge when it comes to assembling the perfect portfolio. You can read why here.
Elsewhere in finance news, there has been a shakeup at the top of one of billionaire Ken Griffin's stock-picking units. And female investment bankers at Barclays get bonuses that are 79% lower than men on average.
In markets news:
- Snap is sliding after Kylie Jenner tweets she doesn't use the app anymore
- JPMorgan's market-moving quant guru sees 2 big reasons why stocks will keep climbing
- Bank of America strategists shatter a widespread myth about interest rates and stocks after being bombarded with questions
- Walmart's recent struggles have been hugely profitable for one group of investors
And in crypto news:
- Top cryptocurrency traders are asking for a big shake-up to bitcoin futures
- Bitcoin fell below $10,000 on Thursday for the fourth time in 2018
- Telegram is reportedly holding a 2nd pre-ICO sale but some crypto investors aren't touching it with a ten-foot pole
- Riot Blockchain's CEO is pushing back against critics and trying to convince the world his company is serious about crypto
- Coinbase is finally supporting new tech that could fix bitcoin's slowness problem
- A 21-year-old just raised $34 million to build an anonymous crypto-trading platform