nyse open sanitizing.JPG
A sanitizing station is seen on the trading floor of the New York Stock Exchange.
REUTERS/Brendan McDermid

US coronavirus cases and hospitalizations continued to climb over the weekend

Meanwhile, DoorDash released its paperwork to go public on Friday, and Airbnb’s S-1 is expected to drop this week. 

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Goldman’s newest partners share what it’s like to get the call

Heather von Zuben
Heather von Zuben is a newly-inducted partner at Goldman Sachs.
Goldman Sachs

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What is it like to get the call you’ve been working towards your entire career?

Reed Alexander and Dakin Campbell with a nice story on how some newly-minted Goldman Sachs partners found out the news. 

Reed and Dakin offer some great color from people whose lives have been forever changed

Click here to read the entire story.


What Biden’s financial-policy transition team could mean for Wall Street 

WASHINGTON, DC - JULY 30: Commodity Futures Trading Commission Chairman Gary Gensler testifies before the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on Capitol Hill July 30, 2013 in Washington, DC. Gensler and Securities and Exchange Commission Chairman Mary Jo White testified and took questions from Senators during the hearing titled, "Mitigating Systemic Risk in Financial Markets through Wall Street Reforms." (Photo by Chip Somodevilla/Getty Images)
Gary Gensler is working on Biden's financial regulatory plans.
Chip Somodevilla/Getty Images

Yoonji Han spoke to securities lawyers to understand what Gary Gensler, President-elect Joe Biden’s pick for leading his financial policy transition team, means for Wall Street.

Gensler, who spent 18 years at Goldman Sachs, is no stranger to public office, having served as chairman of the CFTC.

Read the whole story here


Bitcoin has helped billionaire Paul Tudor Jones put up above-average returns so far this year

Paul Tudor Jones
REUTERS/Eduardo Munoz

Bitcoin is back. Paul Tudor Jones is up this year thanks to investments made in the cryptocurrency. Bradley Saacks has the full story. Read more here


Meet the 7 new partners in Goldman Sachs’ elite TMT division

Goldman Sachs
REUTERS/David Gray/File Photo

Speaking of Goldman’s partners, the bank’s technology, media, and telecommunications (TMT) investment-banking group had a big day on Thursday, adding seven new partners from the group. Meet the seven new partners from the team. 


Rents in top NYC shopping districts are crashing and dark storefronts are multiplying

FILE PHOTO: Mannequins are seen inside a closed luxury store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in Manhattan, New York city, New York, U.S., May 11, 2020. REUTERS/Mike Segar/File Photo
Reuters

 

As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space.

The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce.

Read the full story here.


Here are the DoorDash investors who may be set for a windfall 

doordash employees
Tibrina Hobson/Getty Images

The San Francisco-based delivery startup DoorDash on Friday filed paperwork to go public, detailing its investors shedding more light on who is set to benefit from its initial public offering.

Giant institutional investors with stakes include Fidelity, through funds like its $125 billion Contrafund, and T. Rowe Price, through funds including its $61 billion Growth Stock Fund. 

Read the full story here.  


Odd lots:

Former employees at Jones Day claim there is a ‘boys’ club’ culture and sexual discrimination at the powerhouse law firm representing Trump’s campaign (BI)

How Uber-founder Travis Kalanick’s real estate buying frenzy could turn ghost kitchens into a new speciality asset class (BI)

How P&G Launched a 24-Hour Disinfecting Spray Just as Covid-19 Hit the U.S. (WSJ)

The cannabis industry is set for a wave of M&A after 5 states voted to legalize marijuana. Industry insiders lay out who’s going shopping and the types of deals you can expect. (BI)

Read the original article on Business Insider