Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- Point72 Ventures is betting big on fintechs serving social-media influencers.
- The Carlyle Group is giving all employees a week off in August after feedback from workers who said they didn't feel comfortable taking time off.
- JPMorgan said electronic trading venues like MarketAxess and Tradeweb pose a massive threat to fellow banks.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
Point72 Ventures sees a big opportunity in fintechs serving social-media influencers. An exec highlights gaps in the market.
Point72 Ventures is bullish on funding fintechs that tap into the creator economy, according to partner Tripp Shriner.
The Carlyle Group is giving employees a week off in August and annual $750 'well-being stipends' as some workers struggle to keep work and life separate
After a company survey found that employees were struggling to separate work and life, the Carlyle Group will implement a "well-being strategy" aimed at improving employees' lives. Read up on it here.
JPMorgan warns rival investment banks: MarketAxess, Tradeweb, and Bloomberg are 'real competitors'
JPMorgan's concerns come amid record levels of trading in bond markets. Here's why banks should be worried.
Wells Fargo just invested in a compliance startup that monitors digital and video communications in a nod to Wall Street's new hybrid workplace
Since the pandemic forced bankers to service customers virtually, Wells Fargo has started exploring new technologies that streamline the compliance process. Get the full rundown here.
Investors are buying up thousands of homes to rent on Airbnb, making already-fierce wars over houses even more cutthroat
One Ohio company is looking to scoop up $1.5 billion in short-term-rental properties - a strategy that could box regular people out of homeownership. Here's what you need to know.
Which Wall Street firms have raised base pay or handed out special bonuses amid a fierce battle for junior talent - and which have yet to budge
Many Wall Street banks and investment firms have bumped base pay or offered special bonuses as workers are stretched thin. From JPMorgan to UBS, here's our running list of who's doing what.
Burnout is looming for dealmakers in one of the hottest parts of healthcare
Lawyers, bankers, and investors pull all-nighters and work seven days a week to make deals happen. Read more here.
Odd lots:
Commodity Traders Harvest Billions While Prices Rise for Everyone Else (Bloomberg)
SEC Charges JPMorgan Unit Neovest for Operating as Unregistered Broker-Dealer (WSJ)