For the last three years Snapchat workers received a weekly stipend for food. That benefit is disappearing as Snap wants to get people in the office at least four days a week. Instead of the food benefit, workers have been told to “explore” on-site lunch offerings. Snap is discontinuing a benefit that allowed employees to…

Four stock-picking portfolio managers left Balyasny in early August. Some are headed to rival multi-manager hedge funds, according to people familiar with the matter. The $20 billion fund is trailing its peers in performance this year. According to people familiar with the matter, multi-strategy hedge fund Balyasny Asset Management saw a handful of departures in…

Profitability has been a challenge for DTC brands. Many are rethinking their customer acquisition strategies to focus on higher-margin rewards. Startups like Catch and Fondue are building cash-back tech for brands. It’s difficult to turn a healthy profit as a DTC brand. Some are moving away from the heavy discounting and perplexing rewards programs of…

Bloomberg recently rolled out a new AI tool on the terminal’s instant messenger. The data giant has been using AI to help traders and analysts automate tasks and better use data. Mark Flatman, global head of core product at Bloomberg, explains how it works. Bloomberg is updating its terminal, a ubiquitous piece of technology that…

Lower inflation and a resilient labor market have many market pundits excited about the economy. Technology investor Jonathan Curtis is bullish, though he’s worried about AI stocks in late 2023. Below are seven parts of the market that Curtis is comfortable investing in now. Even after the recent market pullback, there’s plenty for investors to…

Business owners might make mistakes when they first start, which could cost them income. Insider spoke with three people who started their own marketing, blogging, and writing businesses. They each shared one change they made that turned their businesses around. Some entrepreneurs must wait months, if not years, to gain their first customers or turn…

Dan McNamara’s Polpo Capital is shorting office real estate, a risky move that could be lucrative. The trade has drawn comparisons to “The Big Short,” which McNamara says is overblown. His office playbook includes some shorting, distressed-debt buys, and interest-only loans. Dan McNamara’s office is on the 19th floor of a plain office building in…

A Two Sigma chief investment officer has taken a medical leave, Insider has learned. The firm announced the leave of Alex Ginsburg, CIO of equities, to investors and employees in July. The fund is also grappling with governance and management issues related to its feuding founders. Insider has learned that a senior Two Sigma investment…

Creator merch startup Fanjoy has filed for Chapter 11 bankruptcy, a court filing showed. The e-commerce company handles merchandise sales for top digital creators. In 2017, Fanjoy pivoted its business model to helping internet stars sell merch. According to a court filing obtained by Insider, creator merch startup Fanjoy filed for Chapter 11 bankruptcy earlier this…