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☆ Billionaire Baupost founder Seth Klarman on AI, where private markets opportunities are, and what investment advice he'd add to his best-selling book
▼ + stars: | 2024-04-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As the billionaire Baupost founder told an audience at a Harvard Business School event Monday morning, he has yet to find the value in crypto. But he's buying the hype of artificial intelligence — or at least the impact the technology could have on society. This story is available exclusively to Business Insider subscribers. "So we are in unprecedented territory that may involve some opportunities for investors, that maybe dips really are buying opportunities.

Persons: —, Seth Klarman isn't, Klarman, we're, Annabel Ware, hasn't, they'll Organizations: Service, Harvard Business, Business Locations: Europe, Asia

And while the local government says Berlin has sufficient space to build over 100,000 apartments, there is no sign the housing crisis gripping the city will ease. But as Europe's largest economy teeters near recession, economists warn that high rents will feed inflation and reduce household consumption. In Berlin, local opposition has frustrated plans to build, while regulation creates a two-tier rental market that is cheap for some long-term tenants and expensive for new renters. Rising property demand saw private companies develop luxury apartments that offered a higher yield - in part, Buch said, because government permissioning for more affordable housing projects was so slow. OPPOSITIONSome building projects have since faced local opposition while a recent attempt to curb rent increases backfired.

Persons: Lisi Niesner, Rolf Buch, Buch, you've, Konstantin Kholodilin, Marwa, Monika Neugebauer, Goldman Sachs, Neugebauer, Gesa Crockford, Martin Pallgen, Anna Hohnrath, Hohnrath, Matthias Inverardi, Matthias Williams, Catherine Evans Organizations: Berlin, REUTERS, Rights, Vonovia, Reuters, DIVISION, International Union of Tenants, European, West, Foreigners, Thomson Locations: Berlin, Germany, San Francisco, California, City, Tempelhof, Valencia, Spain

Ukrainian Antonov An-225 Mriya cargo plane, the world's biggest aircraft, flies during the Independence Day military parade in Kyiv, Ukraine August 24, 2021. Antonov did not respond to requests for comment on the centre and expansion plans in the drone sector. Under Ukroboronprom, Antonov has designed and built drones in the past, including the Horlytsia model, but cargo planes have long been its primary focus. Antonov's expertise in cargo planes could also be applied to long-distance drones, the source added, giving Ukraine's armed forces the capability to strike deeper into Russian territory. LIVE TESTINGKyiv has used aerial drones to attack airfields and Russian troops and aquatic drones against ships and a bridge.

Persons: Gleb Garanich, Antonov, Oleksandr Kamyshin, Ukroboronprom, inefficiently, Tom Balmforth, Tim Hepher, Mike Collett, White, Alexander Smith Organizations: world's, Independence Day, REUTERS, Reuters, Washington , D.C, Vehicle, Russia, Strategic Industries, Thomson Locations: Kyiv, Ukraine, KYIV, Washington ,, Soviet, Russia

☆ Ukraine's offensive is bearing down on Russian forces, but Chinese artillery could still bail Moscow out
▼ + stars: | 2023-08-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Russian military relies on artillery to compensate for other battlefield shortcomings. But its heavy use of artillery in Ukraine could outstrip its ability to make new shells and cannons. The commander of Russia's 58th Army in Ukraine was recently relieved after complaining about the state of Russian artillery, including "the lack of counter-battery fire" and "lack of artillery reconnaissance stations." Chinese artillery troops during a live-fire test in Anhui Province in October 2021. Chinese support could mean the difference between victory and defeat for Russia, but salvation from Beijing may be a long time coming.

Persons: Mao, ANDREY KRONBERG, People's Liberation Army —, China's, Vladimir Putin, Xi Jinping, Dmitri Lovetsky, Xi, Beijing hasn't Organizations: Service, War, Artillery, Royal United Services Institute, Getty, Army, Russia, Publishing, People's Liberation Army, Foreign Ministry, Ukraine, Reuters, China's Locations: Ukraine, Russia, Wall, Silicon, Kyiv, Iran, North Korea, China, British, Volgograd, AFP, Moscow, Anhui Province, St . Petersburg, Beijing, Western, Taiwan, Europe, cynically, Central Asia

☆ Russia says Ukraine 's counteroffensive is not going as planned
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

July 31 (Reuters) - Russia said on Monday that Ukraine's counteroffensive was not going as planned and that it was wasting billions of dollars of weapons supplied to it by the West. Defence Minister Sergei Shoigu, in remarks to a military conference, said Ukraine was "desperately hurling new forces" into attacks on Russian positions, but had failed to advance. Ukraine says it has made gradual progress, though more slowly than it would like, since launching its long-anticipated counteroffensive in early June against well entrenched Russian positions. Russia, for that reason, has repeatedly portrayed the counteroffensive as a failure, even though it is still in its very early stages. Peskov told reporters that "all possible measures" were being taken in Moscow and elsewhere to protect against similar attacks.

Persons: Sergei Shoigu, Dmitry Peskov, Peskov, Gareth Jones Organizations: West . Defence, NATO, Reuters, Thomson Locations: Russia, Ukraine, Moscow

☆ How to survive hot desking
▼ + stars: | 2023-06-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Everyone is doing a version of [hot desking],” said Carlos Martinez, co-managing director and principal at Gensler, a global office design and planning firm. That’s the tradeoff.’”Transparency is keyStill, intellectually accepting that such a tradeoff is worth it doesn’t mean employees will embrace hot desking if it becomes harder to get their jobs done. While she wasn’t consulting with them about hot desking per se, she witnessed its failure in the course of her work there. That’s also why employers embarking on the switch to hot desking may want to customize the options to best suit different employees’ needs. Invite employee feedbackSwitching to hot desking should be viewed as a work in progress by everyone.

Persons: —, ”, Carlos Martinez, Sanjay Rishi, Rishi, I’m, ” Rishi, Jessica Kriegel, ” Kriegel, Martinez, That’s, Kriegel, “, JLL’s Rishi Organizations: New, New York CNN, Dynamics, Culture Partners Locations: New York, Gensler, Americas

☆ A former Trump official is pitching Republicans on a cost-cutting proposal that includes getting rid of a student-loan forgiveness program for public servants
▼ + stars: | 2023-02-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Former Trump budget official Russell Vought is pitching a spending cut plan to Republicans as part of debt ceiling negotiations, per The Washington Post. Part of those cuts include phasing out the federal student-loan program and getting rid of Public Service Loan Forgiveness. House Republicans are in the midst of negotiations to raise the debt ceiling before the US runs out of money to pay its bills, likely some point this summer. It's unclear how big of an influence Vought's proposals will have in Republicans' final deal to raise the debt ceiling. Trump also advised the GOP to leave those programs out of negotiations, and Voight doesn't think those programs should be in the spotlight at all.

Dec 30 (Reuters) - Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and currencies using macro-focused strategies and exploited price differences between related securities outperformed in 2022, handing decent gains to investors. According to investment data firm Preqin, hedge fund returns have fallen 6.5% this year, their biggest since a 13% decline in 2008. Strategy-wise, macro funds gained 8.2% through November this year, while equity-hedged and event-driven strategies lost 9.7% and 4.7%, respectively, according to HFR data. Reuters GraphicsAlongside the tumble in traditional assets from equities to bonds, net assets of global hedge funds fell 4.8% in the first three quarters of this year to $4.3 trillion.

☆ Amazon and Microsoft are backing this battery-powered generator startup
▼ + stars: | 2022-12-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

While big legacy companies like Generac and Caterpillar are beginning to offer small battery-powered units in addition to their larger diesel generator lines, California-based startup Moxion Power is focused entirely on this new power frontier. Huelskamp says diesel generators are notoriously difficult and expensive to maintain and burn diesel fuel very inefficiently. Amazon is both investing in the company and currently leasing Moxion units for two video productions, a movie and a series. Roughly half of the carbon emissions from the average movie come from the fuel used to power generators and transportation. In addition to the Amazon Climate Pledge fund, Moxion's backers include the Microsoft Climate Innovation Fund, Enterprise Holdings, Energy Impact Partners, Tamarack Global and Sunbelt Rentals.

☆ 2 real estate experts break down the implications of institutional investors and crowdfunding platforms entering the crowded housing market, and what it means for potential homebuyers
▼ + stars: | 2022-11-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

Institutional investors have been under fire lately for eating up real estate market share. "Investors gone wild"According to independent real estate market analyst John Wake, the pandemic-induced era of easy money brewed the perfect storm for a land grab in the housing market. He believes that the most important trend in today's housing market is the sheer amount of capital chasing new homes. The influx of these institutional investors has only exacerbated the massive supply-demand imbalance the real estate market currently faces, Wake said. So the idea was to provide an alternative source of funding to encourage public investments in real estate," he explained.

☆ Summer heat and 'flash drought' dried up the Mississippi River, choking a crucial shipping corridor. It could devastate America's agricultural exports.
▼ + stars: | 2022-10-29 | by ( Morgan Mcfall-Johnsen | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Drought has driven the Mississippi River to historic low levels, choking US agricultural exports. The Mississippi River basin produces about 92% of US agricultural exports, including 60% of US grain exports, which travel down the river to the Gulf to ship across the world. Coal is in high demand right now, Calhoun said, and the low water levels present a challenge to ship it out of the country. He said higher food prices at the grocery store are just the first way consumers will start feeling the impact of low water levels. A barge tow passes under the Mississippi River bridges in Vicksburg, Mississippi, on October 11, 2022.

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