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.
Goldman Sachs has been on a mission to become the Google of Wall Street, with its chief financial officer, Marty Chavez, once saying “Goldman is for risk what Google is for search.” Now it has snagged a top engineer from the West Coast tech giant.
Reinaldo Aguiar, a former senior software engineer at Google, is set to join the investment bank in March, a person familiar with the hire told Business Insider. Read the full story.
Hedge funds are expected to pull in $41 billion in fresh assets this year, according to a survey by Deutsche Bank. Here are the hottest strategies. Investors are piling back into an infamous trade that just blew up. Millennials are making a big mistake when it comes to investing, Morgan Stanley’s US equity chief says.
Here’s a definitive guide to the state of each business on Wall Street, which is coming off a ghastly year.
Riot Blockchain plummeted after a CNBC investigation found no evidence of an advertised shareholders meeting.
Here’s the latest in Crypto:
- Atari just announced its own cryptocurrency – and its stock already spiked over 60%
- TOM LEE: Bitcoin will surge to new record highs by July
- JPMORGAN: A key component of bitcoin’s design might be its Achilles’ heel during a financial meltdown
- The SEC halted trading of 3 companies after they said they were diving into crypto
- Coinbase users got hit with thousands of dollars in ‘ghost’ charges after a credit card systems glitch
Legendary investor Bill Gurley says that there’s a “systematic problem in Silicon Valley” because it’s too easy to get cash.
Google has never revealed YouTube’s revenues – but one analyst who thinks that’s about to change says it’s a $15 billion business. Big marketers like McDonald’s, HP, and State Farm are changing the ad agency model as we know it.
“Black Panther” is already breaking records at the box office – and had the second-best Thursday preview of any Marvel movie.
Lastly, here’s a day in the life of a United Airlines flight attendant, who woke up before 3 a.m. and ran circles around us for 9 hours.