Another bank jumps on the 5-day RTO train
Investment bank CEO Ken Moelis. Moelis & Co. is ending hybrid work and requiring employees to return to the office five days a week, joining a growing number of Wall Street firms rolling back remote work policies that took hold during the pandemic. The investment bank is calling workers back as Wall Street’s dreams of…
Social Security Administration commissioner nominee says he’s ‘never thought’ about privatizing the agency
Frank Bisignano, President Donald Trump’s nominee to lead the Social Security Administration, said during his Senate Finance Committee hearing on Tuesday that he’s “never thought” about privatizing the agency. Democratic lawmakers during the hearing questioned Bisignano about what they said are haphazard cost-cutting efforts by the White House DOGE office, with Sen. Sheldon Whitehouse of…
North Korea’s tallest building is an abandoned hotel that has never hosted a single guest. Take a closer look at the ‘Hotel of Doom.’
The Ryugyong Hotel in Pyongyang, North Korea. At 1,080 feet, North Korea’s Ryugyong Hotel in Pyongyang is one of the tallest unoccupied buildings in the world. The 105-story “Hotel of Doom,” which is also North Korea’s tallest building, has never hosted a single guest. Construction began almost 40 years ago, and it is not yet…
Trump’s latest crypto push: Getting into the stablecoin game
President-elect Donald Trump The Trump family is diving into another corner of the crypto scene. World Liberty Financial, the digital assets venture backed by President Donald Trump and his sons, is joining the stablecoin market with a token of its own. Like other stablecoins already in the market, the USD1 coin will be pegged to…
‘Napster? Is it 1999?’ Millennials react with disbelief at $207 million sale.
A New York University student downloaded music from Napster in 2001. “Napster? Is it 1999?” The news on Tuesday that Napster had been sold for $207 million sparked disbelief as millennials experienced a hearty dose of nostalgia. The controversial OG music-sharing platform, founded in 1999 by Shawn Fanning and Sean Parker and shut down by…
CIA director John Ratcliffe defends involvement in botched Signal chat, denies sharing classified information
CIA Director John Ratcliffe testified before the Senate Intelligence Committee Tuesday. Using the encrypted messaging app Signal is permitted by the CIA, Trump’s CIA director says. In an explosive Monday report from The Atlantic, editor-in-chief Jeffrey Goldberg detailed how he was inadvertently added to a Signal group chat in which Trump administration national security leaders…
Investing pioneer David Booth told us 6 principles and advice that transformed his understanding of markets
The world of academia often lives in theory. But not for David Booth, the chairperson of Dimensional Fund Advisors, an investment firm with $777 billion in assets under management. Booth spent his career translating academic research and insight into actionable investing strategies to build a firm that is more than four decades old. In a…
Consumer sentiment is plunging. Wall Street sees a tired US shopper as a major risk to stocks.
Americans aren’t feeling great about the economy, and it’s translating to a weaker outlook for spending. That isn’t good news for the stock market, and Wall Street is eyeing the risk of weaker corporate earnings as consumers pull back. Consumer Confidence clocked in at 92.9 in March, its lowest level since 2021, according to the…
Here’s a look at 9 ultra-rich members of Congress
These days, running for Congress isn’t a cheap endeavor. When many Americans think of Capitol Hill, the image of well-heeled politicians often comes to mind. Sure, you don’t have to be a multimillionaire to win a congressional race, but having an abundance of wealth doesn’t hurt. That’s especially the case for candidates who can self-fund,…
