With an acceptance rate under 1%, Blackstone’s internship program is more exclusive than many Ivy League schools. President Jon Gray, who joined the firm at 22, recently offered the latest cohort a blueprint for survival, emphasizing that professional longevity relies as much on basic responsiveness as it does on raw ambition.
When Olivia Love saw the notification that she had won £10,000 a month for a year, the Glasgow mother of four did not rush to the bank to secure a mortgage or pad her savings account. Instead, she spent the entire £160,000 windfall to dismantle the financial anxiety that had defined her family’s life.
For investors wary of Elon Musk’s influence on market benchmarks, relief may arrive this September. New York-based Subversive ETFs has filed to launch two exchange-traded funds designed to systematically purge Tesla and SpaceX from the Nasdaq-100 and S&P 500, offering a filtered alternative to standard passive index tracking.
Kevin Warsh has assembled five high-level task forces to reshape the Federal Reserve’s future, tapping a blend of former central bank governors and tech industry leaders. These panels, tasked with submitting recommendations by year-end, aim to modernize everything from communication strategies to the central bank's approach to artificial intelligence.
A 23-year-old wild card ranked 114th in the world has become the toast of Wimbledon, yet the nearly $5 million prize awaiting the tournament winner is a fraction of his family's wealth. Arthur Fery’s rise to the semifinals has captivated London, even as his father’s $380 million fortune looms in the background.
SpaceX president Gwynne Shotwell and her husband, Robert, have committed a massive donation of company stock to the federal Trump Accounts program. President Donald Trump publicly lauded the contribution on Truth Social, valuing the gift at $325 million and framing it as a major investment in the future of American children.
London-based hedge fund Qube is moving beyond its algorithmic roots by recruiting a team of portfolio managers to trade equities directly. Managing $50 billion in assets, the firm is building its first internal group of human investors, marking a significant strategic shift for the high-growth quantitative powerhouse.
A new generation of AI startups, founded by former hedge fund veterans, is moving beyond back-office automation to target the industry's most guarded asset: the human investment professional. As large language models prove capable of complex research, firms are racing to replace costly junior analysts with automated agents.
OpenAI is recruiting an investment banking specialist for its San Francisco-based Applied AI team, offering a base salary of up to $205,000 plus equity. The firm aims to leverage professional financial insight to accelerate the automation of complex tasks like valuation, diligence, and transaction execution for its enterprise models.
Donald Trump’s recent dismissal of short sellers as "poor bastards" facing ruin sparked a sharp retort from Michael Burry. The investor, famously portrayed in The Big Short, rejected the president’s framing of market skeptics as unpatriotic, suggesting instead that Trump’s own financial success relies on gut instinct rather than analytical rigor.
A retired judge has awarded Kraken $22 million in damages after the exchange’s former auditor, Mazars USA, abruptly terminated its services in 2023. Kraken’s parent company, Payward Inc., is now moving to enforce the arbitration award, claiming the sudden withdrawal triggered a damaging licensing crisis during a period of intense regulatory scrutiny.
A 10% gain in June propelled Dan Sundheim’s D1 Capital to a 25.7% return for the first half of 2026, outpacing both the S&P 500 and the Nasdaq 100. The performance highlights a broader winning streak among the Tiger Cub investment funds as they navigate shifting market tides.
SpaceX president Gwynne Shotwell is donating personal company shares to the federal Trump Accounts program, fulfilling an expectation voiced by President Donald Trump days earlier. The move places the aerospace executive alongside a growing roster of corporate leaders backing the initiative, which targets long-term savings for millions of American children.
When an email arrives signed simply "JACK," JPMorgan employees know they are hearing from both John China and Andrew Kresse. The shared nickname for the co-heads of the Innovation Economy team is more than an office quirk; it represents a deliberate strategy to unify leadership across two distinct banking cultures.
When I left my teaching job to pursue a graduate degree in New York, I traded a steady paycheck for a mountain of tuition debt. Navigating the financial gap between my reality and the lifestyles of my older, established friends turned out to be a lesson in grace rather than just budgeting.
Growing up in a Brooklyn housing project, Lloyd Blankfein viewed a towel as a forty-year asset rather than a disposable item. In his new memoir, Streetwise, the former Goldman Sachs CEO details how his hardscrabble upbringing created a persistent psychological friction with the extreme affluence he encountered later in life.
Warren Buffett has long moved markets with a whisper, but "The Big Short" investor Michael Burry is now testing a different kind of influence. As Burry broadcasts his bearish bets on high-flying tech stocks in near real-time, analysts are debating whether his contrarian calls are actively triggering sell-offs across the sector.
While global wealth grew by 11% last year, the benefits remained largely locked at the top, leaving the vast majority of the population behind. A new report from UBS reveals that the wealthiest 1.5% of people now control nearly 50% of the world's total assets, deepening the divide between the rich and everyone else.
Sophia Oguri spends her mornings in a flurry of meetings, but the applied AI engineer insists the marathon sessions are the secret to Blackstone’s $150 billion data center bet. By embedding directly with analysts on live deals, she translates complex human workflows into functional, automated software prototypes.
A Delaware judge has ordered JPMorgan Chase to continue covering the legal expenses of Charlie Javice, the disgraced fintech founder currently appealing a seven-year prison sentence. The bank had sought to halt payments, citing extravagant billing that included hundreds of dollars spent on gourmet seafood and snacks.
Michael Pope, the energy sector head who helped launch Freestone Grove just two years ago, is departing the firm. His exit marks a strategic pivot for the $6.5 billion hedge fund, which is dissolving its dedicated energy team to reallocate resources toward other market sectors.
High-income earners are increasingly utilizing a permanent tax provision to offset significant W-2 earnings through short-term rental investments. By leveraging bonus depreciation, investors can deduct substantial portions of property costs from their annual tax bills, with some claiming six-figure government-subsidized savings on new real estate acquisitions.
After eight years of defining Wedbush Securities through aggressive tech bullishness and a penchant for neon tailoring, Dan Ives is stepping down. The outspoken analyst intends to pivot toward a new merchant bank venture, shifting his focus from equity research to serving large corporations and high-net-worth clients across the energy and technology sectors.
A surging equity market fueled by a decisive resolution to the conflict in Iran has propelled the industry’s largest multistrategy managers to strong mid-year returns. With the S&P 500 climbing 15% in the second quarter alone, major firms like Point72 and Millennium have capitalized on the broader market recovery.
Michael Burry, the investor famously depicted in The Big Short, has doubled down on his skepticism toward the artificial intelligence rally. In a recent Substack update, he revealed a series of fresh short positions against Tesla, Caterpillar, Nvidia, Applied Materials, and the iShares Semiconductor ETF, signaling a deepening bet against market overvaluation.
While critics argue that prediction markets invite illicit activity, Kalshi CEO Tarek Mansour contends that the traditional stock market is far more opaque. He suggests that the direct nature of event-based betting makes suspicious behavior easier to isolate, whereas the breadth of corporate trading provides too much cover for bad actors.
Donald Trump reported over $1 billion in income from cryptocurrency ventures in 2025, marking a rapid transformation of digital assets into a cornerstone of his personal wealth. The figures, revealed in his annual financial disclosure, highlight the deepening overlap between the president’s business empire and his administration’s industry-friendly policy agenda.
Over the past four days, Tesla CEO Elon Musk has amplified a series of social media posts attacking MacKenzie Scott’s charitable giving. The billionaire, who has previously labeled Scott’s efforts concerning, responded to claims that her multi-billion dollar distributions to non-profits have failed to produce meaningful societal improvements.
conflict: The long-standing reign of market bears Jeremy Grantham and Michael Burry is facing a hostile audit. As the S&P 500 hits record highs, the duo finds themselves under fire—not just from the market’s relentless climb, but from vocal critics and peers who characterize their persistent warnings as outdated, broken-clock pessimism.
Clients are increasingly demanding that consulting firms share the financial risks of artificial intelligence projects, moving away from traditional hourly billing. As companies grapple with the uncertain returns of AI transformations, they are pushing providers like Accenture and BCG to tie compensation directly to measurable performance outcomes.
