Investing

For those looking for a career in investment banking, it helps to know where investment banks are looking for employees. So where do investment banks recruit? As it happens, the search field for the major investment banks such as Goldman Sachs Group Inc. (GS) is relatively narrow. Roughly 60% to 80% of university graduates are
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Warren Buffett is leaving the board of the Gates Foundation, casting further uncertainty over the world’s largest private philanthropy organisation after its co-chairs, Bill and Melinda Gates, announced they were divorcing. Buffett, the legendary American investor and chair of Berkshire Hathaway, became a trustee of the foundation, alongside his friends the Gateses, after announcing in
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Most people picture a trading floor at a futures exchange as a scene of utter chaos, with fierce shouting matches, frantic hand signals, and high-strung traders jockeying to get their orders executed, which is not too far from the truth. These markets are where buyers and sellers come together to trade an ever-expanding list of
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Good morning and welcome to Europe Express. Migration is back on the EU leaders’ agenda — and so are new allegations of abuses at the bloc’s frontier. Greek border forces have repeatedly pushed migrants trying to enter the country back into Turkey, according to an Amnesty International report published today and disputed by Athens. The
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The ultra-wealthy, known as ultra-high-net-worth individuals (UHNWIs), make up a group of people who have net worths of at least $30 million. The net worth of these individuals consists of shares in private and public companies, real estate, and personal investments, such as art, airplanes, and cars. When people with lower net worths look at
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Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to
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Electronics groups including Japan’s Canon and Innolux, an affiliate of Apple supplier Foxconn, have been accused of locking up migrant workers in Taiwan as an outbreak of Covid-19 hits the country’s tech industry. The accusations highlight the labour practices used to sustain Taiwan’s position as a technology manufacturing powerhouse. The country is a linchpin of
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A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
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In an ideal world, you get to work in a palatial, heavenly setting while you pursue your professional dreams of being a chief financial officer (CFO), controller, investment banking executive, or a private equity partner. Saint Peter (better known as human resources) lets you pass through the pearly gates with ease during interviews and you
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Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 9% in
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The retail sector encompasses a number of industry categories including automotive, building supply, distributors, general, grocery and food, and online and special lines retail. These have returns on equity (ROE), of 36.28, 0.27, 9.67, 20.64, 30.63, 27.05, and -0.64, respectively. The figures are based on data published by New York University’s Leonard N. Stern School of Business as of January 2021. The average
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