Linkfest: Wall Street hedges bets with fintech; Art bubble leaks; Yellen’s takeaways
Categories: Linkfest
Today’s most shared:
- Wall Street eyes Silicon Valley warily, hedges with fintech investments. The definition of disruptive innovation is something the incumbent can’t do without destroying its business model.
- Do weak art auctions foreshadow troubles for other asset prices?
- Yellen’s takeaways.
- Secular stagnation.
- Recessions kill bull markets, everything else is noise.
JPMorgan is poaching talent from Silicon Valley
Quartz
If you can’t beat them, hire them. That’s the strategy of JPMorgan’s Jamie Dimon. The chief executive of America’s biggest bank by assets has started plucking talent from Silicon Valley in an effort to beef up the its digital presence in everything from apps to mobile payments.
shared by NYT Dealbook, @danprimack, @ReformedBroker, Reformed Broker
Quartz
If you can’t beat them, hire them. That’s the strategy of JPMorgan’s Jamie Dimon. The chief executive of America’s biggest bank by assets has started plucking talent from Silicon Valley in an effort to beef up the its digital presence in everything from apps to mobile payments.
shared by NYT Dealbook, @danprimack, @ReformedBroker, Reformed Broker
Bitcoin Breakthroughs Studied by Banks the Currency Is Out to Replace
Bloomberg
While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply.
shared by @kaylatausche, @JohnLothian, @Kiffmeister
Bloomberg
While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply.
shared by @kaylatausche, @JohnLothian, @Kiffmeister
Mediocre Night at Sotheby’s, as One-Third of the Art Does Not Sell
New York Times
It was another bumpy night at the spring auctions, the second of the week’s evening sales of Impressionist and modern art.
shared by @Alea_, @ReformedBroker, Reformed Broker
New York Times
It was another bumpy night at the spring auctions, the second of the week’s evening sales of Impressionist and modern art.
shared by @Alea_, @ReformedBroker, Reformed Broker
Sotheby’s To Pay Dan Loeb $10 Million For The Privilege Of Having Him Tell The Auction House How Much It Sucks
Dealbreaker
shared by @JacobWolinsky, @BarbarianCap
Dealbreaker
shared by @JacobWolinsky, @BarbarianCap
Yes, we’re in a tech bubble. Here’s how I know it
Fortune
When tech startups are willing to offer almost anyone — even a journalist — shares ahead of an IPO, a burst isn’t far behind.
shared by @kevinroose, @RolfeWinkler, @kaylatausche, @johngapper, @Alea_
Fortune
When tech startups are willing to offer almost anyone — even a journalist — shares ahead of an IPO, a burst isn’t far behind.
shared by @kevinroose, @RolfeWinkler, @kaylatausche, @johngapper, @Alea_
Five takeaways from Fed Chairwoman Janet Yellen’s testimony
Wall Street Journal
Federal Reserve Chairwoman Janet Yellen for the most part reiterated views that have been expressed by the Fed’s policy-making committee in her prepared testimony before the congressional Joint Economic Committee.
shared by Naked Capitalism, @CMEGroup, @Neil_Irwin
Wall Street Journal
Federal Reserve Chairwoman Janet Yellen for the most part reiterated views that have been expressed by the Fed’s policy-making committee in her prepared testimony before the congressional Joint Economic Committee.
shared by Naked Capitalism, @CMEGroup, @Neil_Irwin
Three Charts on Secular Stagnation
New York Times
The case for a dismal new normal.
shared by @izakaminska, @MarkThoma, reddit/Economics, @tracyalloway, @wonkmonk_
New York Times
The case for a dismal new normal.
shared by @izakaminska, @MarkThoma, reddit/Economics, @tracyalloway, @wonkmonk_
What kills bull markets?
Yahoo
A recession is the thing that will kill a bull market and the rest is just noise.
shared by Abnormal Returns, @ReformedBroker, @ritholtz
Yahoo
A recession is the thing that will kill a bull market and the rest is just noise.
shared by Abnormal Returns, @ReformedBroker, @ritholtz
Goldman’s Social Impact Bonds Bet on Boston Bloods Staying Out of Jail
Bloomberg
Goldman Sachs Group Inc., which wagered more than $300 billion last year on things like yen rates and bond spreads, just laid down a bet that guys like Nelson “Johnny” Aguilar can stay out of jail.
shared by @LaurenLaCapra, reddit/Economics, Here Is The City, @petereavis
Bloomberg
Goldman Sachs Group Inc., which wagered more than $300 billion last year on things like yen rates and bond spreads, just laid down a bet that guys like Nelson “Johnny” Aguilar can stay out of jail.
shared by @LaurenLaCapra, reddit/Economics, Here Is The City, @petereavis
Traders Scan Brains in Hunt for Profit-Enlarging Pill
Bloomberg
The second-floor loft on William Street in lower Manhattan, normally abuzz with young equity- options traders connected to Sang Lucci Capital Partners, was quiet for a week last month.
shared by @MissTrade, @ThemisSal, Here Is The City, @JohnLothian
Bloomberg
The second-floor loft on William Street in lower Manhattan, normally abuzz with young equity- options traders connected to Sang Lucci Capital Partners, was quiet for a week last month.
shared by @MissTrade, @ThemisSal, Here Is The City, @JohnLothian
Hedge funds extend their slide
Wall Street Journal
Big stumbles by some star managers drove hedge funds to back-to-back monthly declines for the first time in two years, according to researcher HFR Inc.
shared by @jennablan, @hedge_funds, @ReformedBroker, @IvanTheK, @MattGoldstein26
Wall Street Journal
Big stumbles by some star managers drove hedge funds to back-to-back monthly declines for the first time in two years, according to researcher HFR Inc.
shared by @jennablan, @hedge_funds, @ReformedBroker, @IvanTheK, @MattGoldstein26
Macau Casino Companies Fall on Reported Macau Restriction
Bloomberg
Wynn Macau Ltd. fell the most in more than two years in Hong Kong trading, leading declines among operators of China’s only legal casinos, amid concern that a crackdown on illegal money transfers will pare demand.
shared by @BarbarianCap, @niubi, @HamzeiAnalytics
Bloomberg
Wynn Macau Ltd. fell the most in more than two years in Hong Kong trading, leading declines among operators of China’s only legal casinos, amid concern that a crackdown on illegal money transfers will pare demand.
shared by @BarbarianCap, @niubi, @HamzeiAnalytics
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!