Street
Citi is eyeing the AI dealmaking frenzy as its moment to close the gap with Wall Street rivals. Loading audio narration… In late February, the bank established an AI Infrastructure group, noting in an internal memo that the build-out could require an estimated $3 trillion in capital by 2030 —…
Finance types can’t stop talking about Citrini Research’s “Analyst #3” and what the firm says was a wild trip to the Strait of Hormuz. Loading audio narration… Wall Street’s denizens and market watchers across the globe rushed to X to commend the intrepid analyst with memes, GIFs, and kudos-filled posts.It’s insane…
Jamie Dimon warned that companies could leave high-tax cities like New York — but so far, they aren’t. Loading audio narration… In his annual letter to shareholders, the JPMorgan CEO said New York City has “much going for it,” but it also has high corporate and individual income taxes that are…
When four “finance boys” went viral last week for their Loro Piana- and Hermés-studded photo shoot, they violated more than the sacrosanct rule of not outdressing your boss. They brought Wall Street banks into the memeosphere, attracting publicity that has clashed with the hush-hush world of high finance.Demarre Johnson, a…
A few weeks ago, I, someone who generally abstains from beef but is committed to understanding the modern power lunch, spent about six hours surrounded by hundreds of pounds of raw steak.I arrived at Delmonico’s, a storied Wall Street steakhouse, at 7:10 am on a recent Wednesday, late by the…
In the world of high-stakes M&A, the Wall Street bankers who worked on the monster Warner Bros. Discovery deal seem to have inherited the Midas touch.On Thursday, a transaction that proved to be one of the most expensive corporate dramas in Hollywood history started to come to a close. The…
In the summer of 2024, I went to Edinburgh for the annual Fringe festival.I was expecting to find comedy, theater, and music … not a date with a random street musician, which turned into a weekend in Paris, which turned into … a 12-day Mediterranean cruise.After only 2 dates, I…
