Investment banks may be cutting back on their trading activities but for those still in the market the money remains good – especially at JP Morgan.
Social news platform Reddit has secured $50m (£31m) in funding from venture capitalists and investors including actor Jared Leto and hip-hop star Snoop Dogg, and is preparing to give 10% of the new shares back to the website’s users.
Bill Gross learnt his nous for numbers counting cards at the blackjack tables of Las Vegas.
Early investors in Chinese online giant Alibaba are set to sell $8bn worth of shares Friday morning, escaping the “lockup” that usually requires them to hold their shares for several months.
Eight companies that have drawn shareholder protests over their bosses' pay for the past two years should open talks with investors to avoid a third year of rebellion, pension funds say.
Much of the debate about devolution rightly focuses on the prospect of 5.2 million Scots waving goodbye to the UK in a couple of weeks. In the background, away from the fiery spray of words between Edinburgh and London is a debate about how the 53 million people in England could benefit from a bit of devolution themselves.
Former House majority leader Eric Cantor is seeking a post-political life on Wall Street, joining boutique investment bank Moelis & Co to a salary of $1.8m a year and the price of a Manhattan apartment.