Payments crazy for cannabis — 'Boomerang employees' — Youngkin chats Carlyle

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On the agenda today:

• FIS is building a new team focused on the cannabis and CBD industry.
• The newest job market trend is a surge in "boomerang employees."
• Virginia GOP gubernatorial hopeful Glenn Youngkin detailed his hopes for the state and his time at Carlyle.

Let's get started. 

FIS is hiring a manager focused on cannabis and CBD

FIS is building a new team focused on the cannabis and CBD industry as it looks to tap into a "new, high-growth space." The payments giant is looking to hire a senior strategy manager who will develop the firm's strategy when it comes to CBD and cannabis merchants. More on that here.

The latest job market trend: "Boomerang employees"

Workers who left their jobs during the pandemic are starting to ask for their old positions back, earning them the title of "boomerang employees." And while it used to be rare for employers to rehire quitters, many are welcoming back ex-employees with open arms. What you need to know about boomerang employees.

Morgan Stanley's CEO talks bitcoin

During the bank's third-quarter earnings call, Morgan Stanley CEO James Gorman said bitcoin isn't a major part of the firm's business, but that it's more than just a passing trend. See more of the chief executive's comments on crypto. 

Glenn Youngkin on his days as a Wall Street kingpin

We sat down with ex-Carlyle chief and Virginia GOP gubernatorial hopeful Glenn Youngkin, who shared his hopes for Virginia and discussed his years in private equity — and denied reports of tensions on his way out. Here's what we learned from Youngkin.

Inside AQR's shift to the public cloud 

AQR, the $137 billion quantitative manager, is in the middle of a multiyear migration to the cloud that will see it cut costs by as much as 30%. Steve Mock, AQR's co-CTO, detailed the big move.

See the deck QC Ware used to raised $25 million

QC Ware, a fintech that builds quantum algorithms for companies like Goldman Sachs, Airbus, and BMW Group, just raised $25 million in a Series B funding round. We got a look at the 20-page pitch deck it used to raise the funds — see it here. 

If you haven't already, take a look at our exclusive library of pitch decks.

The buy side's big bet on the cloud

Top hedge funds, investment firms and private-equity shops are increasingly turning to the cloud. Some see it as a recruiting move, while others hope to cut costs and increase compute power. We spoke with six firms, including Point72, Blackstone, and Millennium, to see how they're leveraging the tech to their advantage.

On our radar:

• Coinbase has asked Congress to create a special regulator for digital assets, WSJ reports. More on that here.
• Citi CEO Jane Fraser says the bank has more tricks up its sleeve despite Google pulling the plug on its partnership. Here's what she said.
• Fortune reported on a new partnership between Carlyle Group and the Milken Institute that's aimed at diversifying asset management.
• Billionaire Dan Sundheim's D1 Capital is making a big bet on cannabis tech unicorn Dutchie, now valued at $3.75 billion. Here's why.
• American Express is hiring for 20 data scientist roles. Candidates should come prepared to solve these two logic questions.