BNPL growing pains — Visa's big NFT leap — Goldman's booming lending biz

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Hedge funds' big bets on startups come with complications

The Wall Street bull tempting suited hands with a one hundred dollar bill on a purple background

Hedge funds have been some of the biggest investors in private companies. It's a strategy that's paid off thanks to skyrocketing valuations among startups. But some are still hesitant to allocate money into investments that aren't easily liquidated. Here's why.


Visa leaps into the NFT market

CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City.

Visa just made its first foray into the booming digital-collectibles market with its purchase of  CryptoPunk 7610, its first non-fungible token. The payments giant bought the NFT for $150,000, "jumping in feet first" to help its clients better understand the non-fungible space. More on that here.


Alt-data goes mainstream

data screen hedge fund alt

Similarweb, the alt-data industry's first public company, is putting its new capital to work. The web traffic-data company is boosting its partnerships with major corporations like Walmart, Google, and CNN — and everyone's paying close attention. Take a look at Similarweb's plans to scale up.


The role of the CEO is rapidly changing

Jamie Dimon smiling and looking to the right against a red background

Two years ago, CEOs from corporations like JPMorgan and Apple came together to embrace the idea that a company's goal shouldn't just be to make profits, but also to better society. Now, a new survey has found that many people believe CEOs are doing just that — and that many Americans approve. Here's what the role of the CEO looks like today.


Goldman Sachs' lending business is booming

Goldman Sachs

The wealthy keep taking out loans they don't need, and it's meant booming business for Wall Street. Goldman Sachs expects its own lending business — which works with affluent and RIA clients — to hit $10 billion by the end of the year as the wealthy borrow to cover taxes and all-cash offers. More on Goldman's lending success.


Buy now, pay later could face growing pains

Klarna

BNPL is booming, but experts are forecasting some challenges for the industry. Regulators and consumers are considering the risks of buy now, pay later, and concerns remain around merchant fees and credit risks. Here are the other major threats to BNPL.


JPMorgan is taking a $14.5 billion RIA to court

JPMorgan

After losing at least 10 private bankers to Cresset, a registered investment advisory firm in Chicago, JPMorgan is taking the firm to court over an alleged raid and recruitment. The latest on what JPMorgan calls an "impermissible raid" of its staff.


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