Wall
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…
Alexa Occhipinti’s family has been through a lot in their home. Loading audio narration… Occhipinti, 34, and her husband, Doug Occhipinti, bought their house in Sacramento in 2020, where Occhipinti works at the Sacramento County Department of Technology. It became the backdrop to huge milestones in their lives: getting engaged,…
Demarre Johnson usually keeps his phone on “Do Not Disturb” during the workday. When he finally glanced at it on Thursday, it was lighting up with messages from professional contacts he hadn’t heard from in ages. Loading audio narration… Most were texting him about the now-viral article profiling Wall Street’s…
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…
Wall Street may be getting the AI trade wrong, says Dan Ives, a Wedbush analyst and longtime tech bull.Ives said on CNBC’s “Closing Bell” published Tuesday that the recent investor pessimism toward software companies is ‘the most disconnected call that I’ve ever seen.”While much of the AI excitement has centered…
AI is no longer optional at banks. The road map, and showing how it pays off, is the hard part. Alexandra Mousavizadeh, the cofounder and co-CEO of Evident, which tracks AI use in the financial industry, said some AI capabilities are “table stakes” for banks at this point — think back-office…
In his two decades as a Wall Street tailor, Michael Andrews learned to ignore clients who said they planned to get in shape. He only took them seriously when their weddings were approaching.Over the past two years, however, many of his regulars — investment bankers, private equity executives, and the…
Wall Street had very different reactions to two of Big Tech’s biggest spenders after quarterly earnings reports came out on Wednesday.Both Meta and Microsoft reported higher-than-expected capex. While both companies beat revenue expectations, Microsoft’s stock sank more than 6% after-hours, while Meta’s stock jumped as high as 9%.Big Tech’s spending…
