Finance

Keith Rabois, Elliot Management, and Goldman Sachs invest in Florida

Florida has recently attracted some of Wall Street and Silicon Valley’s biggest names like Keith Rabois, Elliot Management and Goldman Sachs.

“For years, even though people would talk about moving, it really wasn’t cool among the wealthy to move to Florida. It was like, OK, you couldn’t hack it in New York, so you go to Florida,” said Robert Frank, CNBC’s wealth reporter. “Now you’re that chump who stayed in New York.” 

Reports of Florida slowly morphing into a legitimate tech and financial hub started well before the coronavirus pandemic. In 2018, Florida solidified its place in the big leagues

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French economy will return to pre-Covid levels by 2022, finance minister says

Issued on:

The French economy will return to its pre-Covid-19 levels of economic activity by the first half of 2022, French Finance Minister Bruno Le Maire said on Monday, reaffirming also his target of 5% economic growth for France in 2021. 

“Economic growth is back in the first quarter… I think we will have a strong growth in 2021,” Le Maire told France Info radio.

He ruled out a second economic stimulus plan on top of France’s current €100 billion ($122 billion) economic stimulus plan.

Le Maire added, however that it was fair to raise the issue

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On the podcast: Autonomous finance’s obstacles and opportunities

Autonomous finance uses AI to make financial decisions on behalf of consumers without the need for direct human input. The service has become especially relevant over the last year as consumers have struggled to maintain financial health during the COVID-19 pandemic. In this episode, Paul Condra, head of emerging technology research, and Robert Le, senior emerging tech analyst, discuss how autonomous finance helps consumers better manage their financial health and performance, as well as the challenges for the technology—including computing costs, consumer trust, regulations and transaction categorization.

Listen to all of Season 3 and subscribe to get future episodes of

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Here Are the Top Finance Stories of the Day for May 10

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

  • RBC dealmakers explain how increased interest in ESG-focused deals has changed how investment banks are operating. 
  • Goldman Sachs is rolling out a new crypto trading team
  • Asset managers are building crypto offerings to meet investor demand, but high carbon emissions are a “stumbling block.”

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Join us Thursday, May 13 at 12 p.m. ET for “Financing Net-Zero,” to

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South China Morning Post‘Education isn‘t necessary’: Babel Finance on crypto going mainstreamEven though cryptocurrency trading is banned in China, more Chinese start-ups are riding the wave as the blockchain-based tokens go …10 hours ago

South China Morning Post‘Education isn‘t necessary’: Babel Finance on crypto going mainstreamEven though cryptocurrency trading is banned in China, more Chinese
start-ups are riding the wave as the blockchain-based tokens go …10 hours ago… Read More

Ignoring a Common Personal Finance Rule Is Helping Me Save

As someone who has experimented with many different budgeting methods — the guilt-free budget, zero-sum budget, and the 50/30/20 budget, to name a few — I had pretty much given up on maintaining a strict budget and keeping a close watch on my spending. It felt tedious, time-consuming, and at the end of the day, what really mattered was staying on top of savings goals. 

That is until my friend Ari, who is a financial coach, suggested that we all should budget weekly, not monthly. Ari, who is a self-described reformed party boy who once went on mini spending

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Curious About Crypto? Here’s What 10 Financial Experts Think

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Everyday investors are overflowing with cryptocurrency questions, according to the financial advisors hired to answer them. 

There is clearly an “emotional euphoria that seems to be sweeping through the public around cryptocurrency,” says Frederick Stanfield, a CFP with Lifewater Wealth Management in Atlanta, Georgia. 

But for the average person focused on retirement planning and financial

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Your Daughter Will Thank You for Teaching Her These 5 Financial Lessons

Mother’s Day arrives this year amid mounting financial difficulties for women and girls. COVID-19 has driven millions of women, particularly mothers of young children, out of the workforce, leading to disproportionate female wealth loss and some of the highest unemployment rates for women seen in the 21st century. I’ve seen this firsthand in my work helping young people at Albert, a personal finance app whose customers (which skew 20-something and female) can text me and the other Geniuses for financial guidance. Since the pandemic started, I’ve gotten frequent messages from young women who are navigating unemployment or underemployment

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South China Morning PostRegulators turn up the heat on China’s fintech platformsCompanies asked to attend include Tencent, Baidu's fintech arm, JD Finance, ByteDance and Meituan Finance among others; Regulators say …16 hours ago

South China Morning PostRegulators turn up the heat on China’s fintech platformsCompanies asked to attend include Tencent, Baidu’s fintech arm, JD Finance,
ByteDance and Meituan Finance among others; Regulators say …16 hours ago… Read More

DeFi Exchange Uranium Finance Loses $50M in Exploit

A Binance Smart Chain Uniswap clone, Uranium Finance, lost $50 million in tokens early Wednesday morning in an exploit.

The attacker took advantage of a vulnerability that has been present in Uranium’s v2 contracts since the exchange upgraded over a week ago. After sending the minimum required tokens into Uranium’s “pair contracts,” the attacker drained the liquidity pools for multiple token pairs; a misplaced zero in the contract’s balance field (or rather, the lack of one in a section that manages reserves) created the opening for the attack vector.

Out of the $50 million filched, pools for Binance’s blockchain token

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