Author: Press Room
Matthew Alfieri broke into Goldman Sachs from a little-known state school. “I was very intimidated.” Now a partner at private equity firm Centana Growth Partners, Alfieri shared his advice for aspiring financiers without Ivy League pedigrees. His tips include finding like-minded students and starting new finance clubs or initiatives at your university. When Matthew Alfieri walked into the 24th floor of Goldman Sachs’ headquarters for his first day as a summer analyst in 2007, his untailored suit hung from his 20-year-old frame, his hair was a little too slicked back with gel, and he wore what he thought completed the…
D.E. Shaw has a history of unconventional hires who do not necessarily have a background in finance. The hedge fund typically hires up to 90 interns a year, and many convert to full-time employees. Jeremy Reff, D.E. Shaw’s recruiting head, took us inside the firm’s process for finding talent. “I don’t know.”You might think that’s an answer you would best avoid in a job interview. At quant hedge fund giant D.E. Shaw, however, it could be interpreted as a sign of intellect. Interested in whether there were any statistically recurring phrases that were useful in identifying successful interviews, the firm found…
Credit Suisse’s investment bankers are not waiting around to find out if UBS will give them jobs. Some bankers have already jumped ship while others are actively looking to be hired elsewhere. Insider spoke with Wall Street recruiters to find out which bankers are being eyed by rivals. In the days since its fire sale to UBS, one question has swirled around Credit Suisse: What is going to happen to its employees?UBS executives have pulled no punches when discussing the future of Credit Suisse’s investment banking teams and trading desks. In short: the bigger of the two Swiss banks is…
First Republic shares staged a dramatic comeback Thursday as investors bought into reports indicating the struggling San Francisco-based regional bank could soon be saved by billions of dollars in fresh capital from larger financial institutions. Read the full article here
Company description Wizz Air Holdings Plc (OTCPK:WZZAF / OTCPK:WZZZY) offers passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. Their fleet of 154 aircraft operates services for around 1000 routes from 194 airports in 51 countries. Share price Data by YCharts Wizz’s share price was trending up before the pandemic but now looks to be far more volatile. Gains were made in late 2020 as the prospect of returning travel loomed but this quickly reversed as the reality of several lockdowns and soft air travel became apparent. Wizz is now trading only…
India’s plans for a sharp increase in renewable capacity auctions will put “a lot of pressure” on the industry to scale up quickly, the head of one of the largest clean energy providers has said.India will start auctioning 50 gigawatts of solar and wind power capacity for the country’s electricity grid annually until 2028, more than doubling the current pace.Sumant Sinha, chief executive of ReNew, welcomed the proposal outlined by India’s renewable energy ministry. But he noted that renewable companies were already stretched trying to keep up with existing work. More bidding will “put a lot of pressure on people…
The Justice Department on Friday asked the Supreme Court to take up an appeals court ruling that struck down a Trump-era federal ban on so-called bump stocks. The request comes as the high court has repeatedly declined to disturb those rulings that favor the restriction on the device, including not considering a challenge to the federal ban in October. Bump stocks are attachments that essentially allow shooters to fire semiautomatic rifles continuously with one pull of the trigger. “Like other machineguns, rifles modified with bump stocks are exceedingly dangerous; Congress prohibited the possession of such weapons for good reason.” US…
With the U.S. stock market closed on Good Friday, investors will have the weekend to digest an employment report that moved fed-funds-futures traders to bet on an increased chance of the Federal Reserve hiking interest rates early next month. Friday’s employment report puts a “dent” in the case of investors who were betting that a recession was imminent and the Fed would begin cutting its benchmark rate soon after its May policy meeting, said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute, in a phone interview. The Bureau of Labor Statistics said Friday the U.S. economy…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSETF investors showed ‘a lot of restraint’ in the first quarter. Here’s why bonds won them over. Bonds have been the hot spot for money flowing into exchange-traded funds this year. Read More Stock market is pushing back as investors look for a confidence boost S&P 500 shows stronger support at 3970. A close below 3950 would be bearish, writes Lawrence McMillan. Read MoreNasdaq and Dow have split in a way that isn’t healthy for…
The numbers: Mortgage rates dipped to the lowest level in two months, but buyers are still finding the housing market challenging as the number of homes for sale remain low. The 30-year fixed-rate mortgage averaged 6.28% as of April 4, according to data released by Freddie Mac on Thursday. The 30-year was at the lowest level in eight weeks. That’s down 4 basis points from the previous week — one basis point is equal to one hundredth of a percentage point. Last week, the 30-year was at 6.32%. Last year, the 30-year was averaging at 4.72% The average rate on…
