Core Viewpoint - Goldman Sachs CEO David Solomon has received a $47 million pay package for 2025, reflecting a 21% increase from his previous year's compensation of $39 million, positioning him ahead of JPMorgan CEO Jamie Dimon, who will receive $43 million for last year's performance [1][2] Group 1: Compensation and Performance - Solomon's compensation was announced in a regulatory filing, highlighting "continued and significant shareholder value creation during 2025," with a total shareholder return of 57% under his leadership [2] - Goldman Sachs reported net revenues exceeding $58 billion, marking its second-best year overall, and the investment bank achieved its highest revenue year ever [2] Group 2: Stock Awards - Approximately a year ago, Goldman Sachs awarded Solomon and his deputy, John Waldron, $80 million each in restricted stock units, which are set to vest over a five-year period [3]

Core Insights - The article discusses the journey of a machine learning engineer transitioning from finance to tech, highlighting the challenges faced during the job search process and the importance of networking and support from peers [1][9]. Group 1: Job Market Challenges - The tech industry faced significant layoffs in late 2022, creating uncertainty for new graduates seeking employment [2]. - The individual lacked tech internships, having previously interned in finance, which added to the difficulty of finding a tech role [3]. Group 2: Networking and Support - A close circle of friends provided mutual support during the job search, sharing contacts and information about recruiters [7][8]. - The individual leveraged personal connections, obtaining a referral from a friend's cousin who worked at Snap Inc. [12]. Group 3: Job Application Process - The individual proactively reached out to a recruiter at Snap after not hearing back for a month, demonstrating initiative in the job application process [13][15]. - The interview process at Snap included multiple rounds, totaling about five hours in a single day, showcasing the rigorous selection process for tech roles [16]. Group 4: Career Transition Success - The individual successfully secured a software engineering role at Snap in March 2023 and began working in August 2023, transitioning to a machine learning engineer position [17]. - The smaller size of Snap compared to larger tech companies allows for greater agency and independence in project work [17]. Group 5: Advice for Job Seekers - Recommendations for job seekers include leveraging networks, connecting with recruiters, and preparing thoroughly for interviews [18][19].

Core Viewpoint - Grant Cardone expresses optimism about the US housing market, anticipating that the Trump administration will implement measures to stimulate it despite high home prices and elevated mortgage rates [1][10]. Group 1: Housing Market Stimulus - President Trump has prioritized housing affordability ahead of the 2026 midterm elections, addressing high housing costs and interest rates at the World Economic Forum [2]. - Proposed plans include having Fannie Mae and Freddie Mac increase their mortgage bond purchases and banning institutional investors from acquiring single-family homes [2]. Group 2: Tax Code Adjustments - Cardone predicts potential adjustments to capital gains taxes for home sales, suggesting that the exclusion caps for married and single filers could be raised from $500,000 and $250,000 respectively, making it easier to sell appreciated properties [6][7]. - This change could lead to more homes entering the market, as the tax burden would be lessened for homeowners [6]. Group 3: Investment Incentives - Cardone believes that extending "bonus depreciation" to single-family homes could enhance investment opportunities, allowing investors to deduct the full cost of qualifying properties immediately [8][10]. - Currently, single-family home purchases allow for depreciation over 27 years, which is less favorable compared to the immediate write-off for larger assets [9]. Group 4: Speculation on Policy Changes - While Cardone's insights are based on discussions with administration insiders, a White House spokesperson has stated that no specific policy changes are currently under consideration, labeling any reports of potential actions as speculation [10][11].

Jamie Dimon is known for saying what he thinks. At Davos, the JPMorgan CEO was uncharacteristically constrained when talking about Donald Trump and his policies, striking a cautious balance between criticism and praise. This is a familiar dance in a relationship that has swung between mutual respect and open hostility since Trump first took office in 2016. Dimon, who once described himself as "barely a Democrat," has publicly criticized some of Trump's economic and political policies, including on tariffs, ...

Core Viewpoint - Tesla plans to increase subscription prices for its Full Self-Driving (FSD) software as its capabilities improve, potentially exceeding $100 per month [1] Group 1: Subscription Pricing - The current subscription price for supervised FSD is $99 per month, which will rise as the software's capabilities enhance [1] - The one-time purchase option for the FSD system, currently priced at $8,000, will be discontinued starting February 14 [2] Group 2: FSD Capabilities - The significant value increase for FSD will occur when the system can operate without supervision, allowing users to engage in other activities during the ride [1] - Tesla's FSD is designed as an advanced driver assistance system aimed at achieving full self-driving capabilities [1] Group 3: Autopilot Service - The announcement regarding FSD pricing was made in response to discussions about Tesla discontinuing its Autopilot service in the US, which includes various safety features [2]

Core Viewpoint - Amazon is planning to eliminate thousands of corporate jobs, with cuts expected to begin soon, marking the second wave of mass layoffs since October, totaling nearly 30,000 job cuts [1][2] Group 1: Layoff Details - The upcoming layoffs are expected to be similar in scale to the previous cuts, which involved approximately 14,000 jobs [1] - Total job cuts since October will reach almost 30,000 if the current round proceeds as planned [1] Group 2: Company Strategy - The layoffs reflect Amazon's ongoing efforts to streamline operations and reset its corporate culture [2] - Initially, the October job cuts were attributed to changes driven by AI, but CEO Andy Jassy later clarified that the layoffs were related to cultural fit rather than cost savings or AI [2] Group 3: Workforce Composition - Amazon employs over 1.5 million people globally, with the corporate workforce comprising about 350,000, which is a relatively small share of the total [2]

Core Insights - Tesla has launched driverless robotaxi rides in Austin without human safety monitors, marking a significant advancement in its autonomous ride-hailing initiative [1][2] - The initial rollout includes a limited number of unsupervised vehicles, with plans to gradually increase their presence in the fleet [2] - This launch follows Tesla's previous driverless service that was restricted to a small group of users with human supervisors [3] Company Developments - The introduction of unsupervised robotaxis comes after a year of significant advancements for Tesla, including predictions from CEO Elon Musk about the launch of various AI technologies [4] - Following the announcement, Tesla's stock price increased from $438.77 to just under $450, indicating positive market reaction [4] - An earnings call is scheduled for next Wednesday, where updates on Tesla's self-driving programs will be discussed [4]

Core Insights - David Ellison is implementing a tech-first vision for Paramount Skydance by promoting Jason Kim to oversee data across the entire company, not just the direct-to-consumer division [1][2] - This change is part of a broader strategy to transform Paramount into a tech-forward media company, as emphasized by Domenic DiMeglio during a staff meeting [2][3] Company Strategy - The elevation of Jason Kim is seen as an opportunity for the team to play a larger role in the company's future, aligning with Ellison's vision [3] - Paramount aims to reduce fragmentation and enhance collaboration across its data and analytics teams, as stated by Dane Glasgow [4] Organizational Changes - The company has experienced significant changes, including leadership shifts and the departure of key personnel, indicating an ongoing organizational transformation [5] - Despite previous layoffs of about 1,000 employees, Kim reassured that the scope of the data and insights team is expected to grow rather than shrink [5][6] Employee Sentiment - Employees expressed excitement about the changes, noting that it would provide greater visibility and indicate a serious commitment to the company's technological transformation [6][7]

President Donald Trump is taking America's biggest bank and its CEO to court. Trump is suing JPMorgan and its CEO, Jamie Dimon, for at least $5 billion over claims of politically motivated debanking on Thursday, making good on his threats from a Truth Social post over the weekend. In a complaint filed in Miami-Dade County state court, Trump accused JPMorgan of trade libel and violating Florida's Unfair and Deceptive Trade Practices Act.In a Truth Social post over the weekend, Trump said that he planned to ...

Core Insights - A majority of quants at top-tier asset managers have not yet started integrating generative AI into their investment strategies, with 54% of respondents indicating they do not use it in their workflows [2][3] Group 1: Survey Findings - A Bloomberg survey conducted between April and November last year interviewed 151 quants to assess their use of generative AI tools in investment research [2] - The skepticism towards generative AI's ability to outperform the market was echoed at a London-based conference, where quants expressed doubts about its value in investment processes [3] Group 2: Data Challenges - The slow adoption of generative AI is attributed to challenges related to data formatting and structure, as quants require their data to be meticulously cleaned and organized due to the complexity of their strategies [3][4] - Angana Jacob, global head of research data at Bloomberg, emphasized the need for explainable and repeatable models in a controlled research environment, highlighting the importance of data integrity [4] Group 3: Future Prospects - Jacob noted that while the work to prepare datasets for AI use is "unglamorous," it is foundational, and there is significant enthusiasm for AI's potential once data quality improves [5] - Other data firms, such as Kirk McKeown's startup Carbon Arc, are also focusing on structuring datasets to facilitate easier integration into AI models, indicating a broader industry recognition of this issue [6]