When most people think about what a Wall Street trader looks like, they probably picture a suited man holding two phones in his hand yelling "buy" or "sell."
But that's not what trading looks like — anymore at least.
Paul Russo, global co-COO of the equities franchise in the securities division at Goldman Sachs, the financial services giant, recently outlined the evolution of trading in the latest episode of "Exchanges at Goldman Sachs."
Russo told host Jake Siewert that technology ha
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The simplest explanation of how stock trading has changed that we've ever heard
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These are the 15 most valuable car brands in the world
Every year, Interbrand puts together its list of the world's most valuable brands.
To calculate a brand's value, the agency combines a company's financial forecast with its proprietary "role of brand" and "brand strength" calculations from its analysts across the globe.
Together, these calculations give each brand a value number, which can be used to compare it to all of the others on the list.
In some cases, a brand's value is similar to its market cap (if the company is pu -
Trump's approval rating is sending traders signals on a $14 trillion market
To get an idea of where the $14 trillion Treasury market is headed, look no further than President Donald Trump's approval rating.
Treasury yields have been closely tracking the gauge of presidential popularity all year, according to Goldman Sachs.
As a bond rally sent yields declining over the first 8 1/2 months of the year, Trump's approval took a beating while he failed to make progress on the policy front, among many other self-created headwinds.
Now, amid signs of progress — incl -
The founder of Jet.com explains Walmart's strategy to beat Amazon (WMT, AMZN)
Walmart has been fighting back against Amazon's assault on traditional retail by beefing up its digital portfolio.
Leading that assault from the frontlines is Marc Lore, head of e-commerce for Walmart and former CEO of Jet.com, under whose leadership the retail giant has snapped up e-commerce startups across footwear and men’s fashion, including Bonobos, Moosejaw, ShoeBuy and ModCloth.
It is no secret that Lore, who worked at Amazon after his company Quidsi was acquired by t -
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This year at the movies has been a roller-coaster ride when it comes to the box office.
It was on a high at the beginning of the year, with surprise performers like “Get Out” and “Logan” holding court until Disney’s live-action remake “Beauty and the Beast” flexed its muscles.
Then the summer came and was pretty disappointing (especially in August), though there were some standouts like “Guardians of the Galaxy Vol. 2,” “Spider-Man: Hom -
Aaron Rodgers is the Amazon of the NFL — 7 quarterbacks and their tech company equivalents (AAPL, APRN, TSLA, TWTR, BABA, AMZN, FB)
Tech companies and NFL quarterbacks have a surprising amount in common.
While tech stocks carry outsize influence, often dictating the direction of the whole market, professional football teams are also at the whim of their signal-callers. The market would crash if tech stocks started failing — the dot-com bubble anyone? — just in the way an injury to an NFL team's starting quarterback usually spells certain disaster.
Now, as the NFL season kicks off, many casual football fans are tr -
How the US' largest credit card issuer is staying competitive in the age of tech disruption (C)
After spending the better part of her career working in finance for American Express, Alice Milligan decided it was time for a change.
She then spent just over a year as vice president of marketing at luxury handbag maker Coach, before realizing her passions were back in finance.
"I probably learned more in that year than I did in my 15 prior years at American Express," Milligan, now chief of customer and digital experience at Citigroup's card division, told Business Insider in an exclusive -
'It' beat 'American Made' and the 'Kingsman' sequel to win the weekend box office — for now
Going into Sunday, the weekend box office was in a three-way dead heat for the No. 1 spot.
The horror "It" was looking to follow-up on its September dominance by stealing a box office win to start October, "Kingsman: The Golden Circle" was looking for a second-straight weekend win, while Tom Cruise's new movie, "American Made," was coming in as the big new weekend release that would overperform to get the win.
With all three hovering around a $16.5 million weekend take, estimates show that 'It' -
BMG - Sales & Marketing Director, Production Music (UK) - Music ... - Music Business Worldwide
BMG - Sales & Marketing Director, Production Music (UK) - Music ...
Music Business Worldwide
We are seeking an experienced Sales and Marketing Director to lead our established Sales and Marketing team as well as nurture, develop and maintain our ...en meer » -
BMG – Sales & Marketing Director, Production Music (UK) - Music Business Worldwide
Music Business Worldwide
BMG – Sales & Marketing Director, Production Music (UK)
Music Business Worldwide
We are seeking an experienced Sales and Marketing Director to lead our established Sales and Marketing team as well as nurture, develop and maintain our client relationships, particularly in the TV broadcast sector. It is expected that you will use ...en meer » -
How to make money from the NFL's ratings debacle as anthem protests grow (CBS)
NFL ratings are struggling right now, as President Donald Trump continues to stoke the flames of a red-hot debate over national anthem protests, while the actual on-field product has also left something to be desired.
But fear not, football fans — JPMorgan knows how you can make a pretty penny off the league's woes.
It involves making a short-term bet that shares of CBS will drop. The most-watched US television network and home to multiple games a week, CBS serves as a bellwether of sorts -
HGTV's 'Fixer Upper' makes house flipping seem like a good investment — but there's a catch
If you hadn't heard much of the term "fixer upper" before a few years ago, you can thank Chip and Joanna Gaines for launching it into the mainstream.
Since 2013, the Gaineses have starred in one of HGTV's most-watched home improvement shows, aptly called "Fixer Upper."
The couple announced earlier this week their show will conclude after its fifth season airs this fall, much to the disappointment of the show's obsessive fan base. By the end of their run, Chip and Joanna will have completed nearl -
How much money you need to spend on a home to be in the top 1% in 12 major US cities
The United States is in a housing crisis.
Land prices rose after the 2008 recession, but incomes have not increased with them. At the same time, major cities have seen an influx of capital (and gentrification), contributing to increased housing prices.
Economic prosperity is becoming increasingly concentrated in America's elite zip codes. And as the country's richest get richer, America's middle class has been slowly disappearing.
This change is evident in many major metro a -
Brazil is struggling with scandals and crises, and people there may look to the military for a solution
Brazil is struggling with scandals and crises, and people there may look to the military for a fix
SEE ALSO: Here's how Mexican cartels actually operate in the United States
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Trump's tax plan could bring $250 billion into the US — here are the companies set to benefit most
President Donald Trump's new tax plan could cause a tidal wave of internationally held cash to flood back into the US.
The repatriation tax holiday outlined in the plan, released on Wednesday, is designed to incentivize US-based companies that do big business overseas to bring those profits back home.
By Goldman Sachs' calculation, S&P 500 companies hold $920 billion of untaxed overseas cash, and the firm estimates that $250 billion of that would be repatriated. Looking at all US-based compa -
Trump's tax plan is here — here's how Wall Street says to trade it
Corporations aren't the only ones set to profit from the Republican tax plan released on Wednesday.
You can too — if you know where to look.
Just focus on the so-called Trump trade, which involves betting on the areas of the market poised to benefit most from the pro-business policy overhaul being touted by President Donald Trump.
Investors have already started piling back into the trade after a long hiatus, as they start to hope for real progress on the policy front.
But don't worry; -
The ugly truth about America's economy in just four words
The Trump administration has achieved very little, and we have no reason to think that's going to change.
From China's rise to healthcare inflation and infrastructure at home — there are serious challenges to US economic dominance and little being done about them.
Investors are looking past all this, at their own peril.
The ugliest truth about America's future can be summed up in four words: There is no plan.
Americans know this, but we haven't really taken it seriously.
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