Merrill Lynch hiked starting salaries for trainee advisers by $10,000 and has taken on 1,700 newbies so far this year. We have the details.

"We're trying to do a better job communicating what a career as an adviser looks like, and what it's like getting started," Merrill Lynch Wealth Management head Andy Sieg said.

October 07, 2019   |   View Online »

Merrill Lynch hiked starting salaries for trainee advisers by $10,000 and has taken on 1,700 newbies so far this year. We have the details. Rebecca Ungarino | "We're trying to do a better job communicating what a career as an adviser looks like, and what it's like getting started," Merrill Lynch Wealth Management head Andy Sieg said. Read More »

Hedge funds have billions on the line at PG&E's bankruptcy hearing — and equity-holder Seth Klarman is pitted against bond-holder Paul Singer Bradley Saacks | At Monday's hearing, dozens of hedge funds will learn whether PG&E is taking the equity-holders' or the bond-holders' bankruptcy plan. Billions are at stake. Read More »

Big marketers are trying to slash their advertising budgets, and consulting firms are screaming that they're the latest casualty Patrick Coffee | As the world's biggest advertisers squeeze their partners, management consultancies are the latest to feel the burn. Read More »

Wall Street gave Adam Neumann up to $500 million he was going to pay back after WeWork's IPO. Now that the offering is pulled, banks are scrambling to hammer out a solution. Dakin Campbell | The new terms may require Neumann to put up other properties or assets as collateral, according to a person familiar with the talks. Read More »

A head recruiter at Amazon shares the exact résumé formula you should follow to impress any hiring manager Rachel Premack,Sherin Shibu | Getting a job at Amazon means your résumé needs to shine. To impress recruiters, get into the data when you're talking about your accomplishments. Read More »

A former Google Cloud engineering leader is joining Microsoft-owned GitHub to lead its data group Rosalie Chan | Rachel Potvin will join GitHub as VP, leading the data team. Here's how she plans to use what she learned at Google Cloud to make coding more accessible. Read More »

The world's most accurate economic forecaster sees a 'prolonged global slowdown' on the horizon — and warns it can only be narrowly avoided Akin Oyedele | Christophe Barraud, the most accurate forecaster of the US economy since 2012, explains why a speedy recovery from the trade war is unlikely. Read More »

Brex, the $2.6 billion credit card company for startups, explains why it's getting closer to traditional finance with its new Brex Cash bank account product Megan Hernbroth | Brex cofounder and co-CEO Henrique Dubugras announced Brex Cash, the startup's third new product in 2019, on stage at TechCrunch Disrupt. Read More »

'All the makings of a crash are there': A hedge fund manager sees a giant bubble in the 'Ponzi economy' — and he's sounding the alarm on WeWork and Tesla Christopher Competiello | "I've been through 2 crashes in my life, and I think this is the third one," said Harris Kupperman, the president of Praetorian Capital Management. Read More »

A self-taught hedge fund manager who's returned 19%-plus annually to investors since 2012 shares the 3 books that 'put it all together' for him Christopher Competiello | Steven Kiel, self-made founder and portfolio manager at Arquitos Capital, taught himself how to invest through DIY tactics. Now he manages millions. Read More »

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