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☆ First Came ‘Spam.’ Now, With A.I., We’ve Got ‘Slop’
▼ + stars: | 2024-06-11 | by ( Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

Slop, at least in the fast-moving world of online message boards, is a broad term that has developed some traction in reference to shoddy or unwanted A.I. content in social media, art, books and, increasingly, in search results. The term became more prevalent last month when Google incorporated its Gemini A.I. model into its U.S.-based search results. Rather than pointing users toward links, the service attempts to solve a query directly with an “A.I.

Organizations: Google, Facebook

☆ Andy Sieg is quickly shaking up Citi's wealth business. At least 21 senior execs have left since his arrival.
▼ + stars: | 2024-06-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

But the leadership of its ailing wealth unit is continuing to undergo major changes under its new boss Andy Sieg. Citi's wealth unit has seen at least 21 senior executives exit since Merrill Lynch veteran Sieg joined in September. The latest is Julia Carreon, global head of wealth platform and experiences. Sieg also plans to expand Citi's already successful wealth business in Asia. Here is our running list of senior departures from Citi Wealth.

Persons: —, Andy Sieg, Merrill Lynch, Sieg, Julia Carreon, Naz Vahid, Carreon, David Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merrill, Don Plaus, Hale Behzadi, Dawn Nordberg, Morgan Stanley, Citi David, Francesco Bertoni, Alfonso Camacho Bustillo, Hoyt, Paul Hodes, Robert Hoffman, Keith Lee Hong, Li, Liu, Fernando Lopez Munoz, Alex Marshall, Eduardo Martinez Campos, Luigi Pigorini, Fernando Senso, Jeff Sutton, Naz, Vahid, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Service, Citi, Citi Wealth, Business, Bankers, Citi Global Wealth, North America, Francesco Bertoni EMEA, Hoyt Gier Global, South, Asia, Fernando Lopez Munoz Head, Tate, Eduardo Martinez Campos Head, Mark Mills Regional, Fernando Senso Castilla Global, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Paul Hodes Asia, South Asia, Keith Lee Hong Kong, Asia Pacific, Shyam Sambamurthy South Asia, Fernando Senso Castilla, America, West China, hcuccinello@businessinsider.com

☆ Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. "But a robust, reliable legal system is not a given," Hoffman wrote. Others, Hoffman argues, believe Joe Biden would be even more dangerous to American business than Trump would. There's a growing number of business leaders who publicly support Trump.

Persons: —, Reid Hoffman, Donald Trump, Hoffman, Donald Trump's, Trump, Stormy Daniels, Joe Biden, Bill Ackman, Nelson Peltz, Blackstone, Steve Schwarzman, Douglas Leone, Elon Musk, Biden Organizations: Service, LinkedIn, Republican, Business, Trump, Pershing, Capital Management

At first sight, it looked like a typical party in a nightclub. But the lineup that night, in a concert hall that typically hosts pop artists and rappers, was unexpected: four Ukrainian folk singers, filling the room with their high-pitched voices and polyphonic choruses, accompanied by a D.J. These days, Ukrainian folk music “is becoming something cool,” said Stepan Andrushchenko, one of the singers from Shchuka Ryba, the band onstage that night. “A very cool thing.”More than two years into Russia’s full-scale invasion of Ukraine, folk music is enjoying a surge of popularity in the war-torn nation. Faced with Moscow’s efforts to erase Ukrainian culture, people have embraced traditional songs as a way to reconnect with their past and affirm their identity.

Persons: ”, Stepan Andrushchenko, Shchuka Ryba Locations: Kyiv, V’YAVA, Ukrainian, Ukraine

☆ In Gregory Crewdson’s photographs, an enduring, haunted vision of American life
▼ + stars: | 2024-06-04 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +14 min

CNN —By now, the famed photographer Gregory Crewdson’s well-oiled, large-scale shoots are well documented. Gregory CrewdsonCrewdson nods to the Hitchcock classic “Vertigo” and the female lead’s doubled self in this photograph from his most recent series, “Eveningside,” from 2021-22. For the series, the photographer returned to Adams, Massachusetts, and transformed vacant storefronts, revisiting locations from earlier series. With Crewdson’s work, he added: “It’s completely staged, and every detail is thought through. It’s that moment — not the final picture — that he’s always chasing, he reiterated on the call.

Persons: Gregory Crewdson’s, Crewdson, ” Crewdson, ”, Gregory Crewdson Crewdson, Hitchcock, “, Gregory Crewdson, Walter Moser, David Lynch, Steven Spielberg, Alfred Hitchcock, ” Moser, Jeff Wall, Cindy Sherman, Philip, Lorca diCorcia —, It’s, it’s, he’s, Juliane Hiam, —, Moser, Sherman, Edward Hopper, William Eggleston, ” Gregory Crewdson, HBO’s, Julianne Moore, Tilda Swinton, Phillip Seymour Hoffman, Gwyneth Paltrow, Taylor, Haze ”, “ it’s, ’ ”, hasn’t, Rick Sands, Wes Anderson, ” Gregory Crewdson “, I’ve Organizations: CNN, Albertina, “, Pines, ”, New York Times Magazine, Yale Locations: Connecticut, Western Massachusetts, ”, Adams , Massachusetts, Vienna, Brooklyn ; New Haven , Connecticut, Pittsfield , Massachusetts, Crewdson’s, Vermont, America, Massachusetts, New York, New Haven, Pittsfield, Italy, Rome

☆ Watch CNBC's full interview with Inflection AI co-founder Reid Hoffman
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Inflection AI co-founder Reid HoffmanReid Hoffman, Greylock partner, Inflection AI co-founder and LinkedIn co-founder, joins 'Squawk Box' to discuss the launch of 'Reid AI', his own 'digital twin', the future of AI, concerns with deepfakes, state of the AI arms race, and more.

Persons: Reid Hoffman Reid Hoffman, Reid Organizations: LinkedIn

☆ Democrats wanted an agreement on using artificial intelligence. It went nowhere
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +8 min

The Democratic National Committee was watching earlier this year as campaigns nationwide were experimenting with artificial intelligence. It asked campaigns to check work by AI tools, protect against biases and avoid using AI to create misleading content. It sent the proposal in March to the five Democratic campaign committees that seek to elect House, Senate, gubernatorial, state legislative and state attorneys general candidates to office, according to the draft agreement. The Democratic committee had hoped the statement would be signed by Chair Jaime Harrison and the leaders of the other organizations. Spokesmen from the Democratic Governors Association and Democratic Legislative Campaign Committee declined to comment.

Persons: Joe Biden, Hannah Muldavin, Muldavin, Jaime Harrison, Sam Altman, Eric Schmidt, Altman, Biden, Dustin Moskovitz, Reid Hoffman, – Organizations: White, Democratic National Committee, The Associated Press, Democratic, DNC, Republican National Committee, Google, Federal, Commission, Facebook, LinkedIn, Democratic Congressional Campaign, General, Associated Press, Democratic Governors Association, Democratic Legislative Locations: Washington , DC

☆ Greylock partner Reid Hoffman on launch of 'Reid AI', deepfake concerns and state of AI arms race
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreylock partner Reid Hoffman on launch of 'Reid AI', deepfake concerns and state of AI arms raceReid Hoffman, Greylock partner, Inflection AI co-founder and LinkedIn co-founder, joins 'Squawk Box' to discuss the launch of 'Reid AI', his own 'digital twin', the future of AI, concerns with deepfakes, state of the AI arms race, and more.

Persons: Reid Hoffman, Reid Organizations: LinkedIn

☆ Don't be so quick to take money advice from TikTok — here's why
▼ + stars: | 2024-06-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Before passing on a movie or dinner date, consider that turning down those invitations can "lead to frustration and emotional distress," he said. watch nowThere may be better ways to cut back, Hoffman advised, without sacrificing time with the people close to you. This seems like a good idea "with a relatively low ceiling," according to Matt Schulz, chief credit analyst at LendingTree. In this case, if you had $5,000 in a high-yield savings account earning 5%, you would have made roughly $250 in interest in a year. 'Cash stuffing' also forfeits interestAnother envelope method, called "cash stuffing," advocates for dividing up your spending money into envelopes representing your monthly expenses, such as groceries and gas, to stay on budget and out of debt.

Persons: Paul Hoffman, Hoffman, you'll, Matt Schulz, Bankrate.com Organizations: Getty, Federal Reserve, FDIC

The Haley rationale for backing TrumpAfter months of speculation, Nikki Haley said — in her first appearance since dropping out of the Republican presidential primary — that she would vote for Donald Trump, the man against whom she waged a sometimes scathing campaign. But it may provide cover to prominent donors like Ken Griffin who in recent weeks has suggested that he might come in from the cold and donate to Trump. Deep-pocketed Republicans flocked to Haley during the primary. “I think she is just what we need right now,” Langone said on Fox News. “What Trump put this country through the last three months of his presidency was disgraceful.”But donors are rethinking their aversion to Trump, who handily beat Haley and other rivals and is now leading President Biden in some polls.

Persons: Haley, Nikki Haley, —, Donald Trump, Ken Griffin, Griffin, Paul Singer, Henry Kravis, Barry Sternlicht, Cliff Asness, Stanley Druckenmiller, Ken Langone, Reid Hoffman, wasn’t Trump, Nikki, ” Sternlicht, ” Langone, Trump, Biden, White, Israel Organizations: Trump, Republican, PAC, Elliott Management, KKR, Starwood Capital, AQR Capital Management, Democratic, LinkedIn, Times, Fox News Locations: Gaza

☆ A Native American costume designer for 'Killers of the Flower Moon' is suing Apple, saying it denied her proper credit
▼ + stars: | 2024-05-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Read previewA Native American costume designer for "Killers of the Flower Moon," who previously settled a racial discrimination charge with Apple, is going after the company again. Hoffman filed the lawsuit on Wednesday in Los Angeles Superior Court, accusing costume designer Jacqueline West, Apple Studios, Apple, and the Costume Designers Guild (CDG) of "completely burying" her work. In the lawsuit, Hoffman, a member of a federally recognized tribe, said West invited her to join "Killers of the Flower Moon" because of her "design expertise and cultural competency." Related storiesAccording to the lawsuit, Hoffman was identified as "First Assistant Costume Designer" when the CDG award nominations were first announced. AdvertisementHowever, the lawsuit claims that West requested the removal of this credit, which was applied to all assistant costume designers.

Persons: —, Kristi Marie Hoffman, Martin Scorsese's, Hoffman, Jacqueline West, West, Leonardo DiCaprio, Forbes, Oscar Organizations: Service, Apple, Business, Los Angeles Superior Court, Apple Studios, Costume Designers, West, Osage Nation, Globe, Commission, Apple Inc Locations: American, Osage, Los Angeles, KOTFM

☆ Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
▼ + stars: | 2024-05-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Almost 80% of current freight orders received for peak season are for mid-range price items, the survey shows. Similar to last year, respondents expect less consumer appetite for luxury and aspirational luxury items imported. The world's second-largest ocean freight company, Maersk, recently told CNBC it expected a "normal" peak season. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Charles Van der Steene, president of Maersk North America, in a recent interview with CNBC. "We believe in normalized peak season.

Persons: Eric Thayer, Robinson, Kuehne, Nagel, Noah Hoffman, Hoffman, hypersensitive, Charles Van der Steene, We've, John David Rainey, Rainey, Larry, Jon Gold, Nate Herman, Biden Organizations: US, Bureau, Bloomberg, Getty, CNBC, Chain Survey, National Retail Federation, American Apparel and Footwear Association, United National Consumer Suppliers, ITS Logistics, DHL, Uber Technologies, C.H, Maersk, Walmart, Uber, International Longshoremen's Association, ILA, United States Maritime Alliance, Brands Locations: of Los Angeles, Los Angeles , California, U.S, Panama, Maersk North America, East Coast, Gulf, East, North America, West, Coast

☆ N.F.L. Player Draws Rebukes (and Trolling) for Graduation Speech
▼ + stars: | 2024-05-16 | by ( Scott Cacciola | Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

Harrison Butker of the Kansas City Chiefs is one of the best place-kickers in the N.F.L. solidly in its off-season, Mr. Butker found himself at the center of a great deal of vitriol on social media, and it had nothing to do with his job. On Saturday, Mr. Butker delivered a 20-minute commencement address to the graduates of Benedictine College, a conservative Catholic school in Atchison, Kan., about 50 miles northwest of Kansas City. “I can tell you that my beautiful wife, Isabelle, would be the first to say that her life truly started when she began living her vocation as a wife and as a mother,” Mr. Butker said. “I’m on this stage today and able to be the man I am because I have a wife who leans into her vocation.”

Persons: Harrison Butker, Butker, ”, Biden, “, Isabelle, ” Mr Organizations: Kansas City Chiefs, Benedictine College, Catholic, Kansas City Locations: Atchison, Kan, Kansas

☆ How racing driverless cars is pushing autonomous technology
▼ + stars: | 2024-05-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

He’s been working on robotics since the 1980s, and he’s surprised by how quickly autonomous technology has advanced. He sees this in his day-to-day work at KUCARS, where researchers are working on everything from autonomous cars and drones to marine, agricultural, and manufacturing robotics. There have been other autonomous car races before, but A2RL’s was the first to include a race between four driverless cars, according to organizers. “But it was good to push the community.”Team Polimove competes during the Abu Dhabi Autonomous Racing League. Pushing the technology to the edgeEfforts to set driverless cars loose on public roads have faced setbacks, especially as the result of collisions with unforeseen obstacles.

Persons: Lakmal Seneviratne, He’s, he’s, A2RL’s, ” Seneviratne, Daniil Kvyat, Amr Alfiky, Reuters ‘, Max Verstappen, TUM, Seneviratne, Polimove, Giuseppe Cacace, Simon Hoffman, ” Hoffman, Uber, Hoffman, ” Organizations: CNN, Netflix, P Global Mobility, Khalifa University Center, Autonomous Robotic Systems, Khalifa University, Abu Dhabi Autonomous Racing League, Reuters, Beijing Institute of Technology, Abu, Marina Circuit, Abu Dhabi Grand Prix, Technical University of Munich, Getty, Yas Marina Circuit, Khalifa University of Science Locations: Abu Dhabi, KUCARS, Yas

☆ Overdose Deaths Dropped in U.S. in 2023 for First Time in Five Years
▼ + stars: | 2024-05-15 | by ( Jan Hoffman | ) www.nytimes.com time to read: 1 min

Overdose deaths in the United States declined slightly last year, the first decrease in five years, according to preliminary federal data released Wednesday. Even as opioid deaths fell, deaths from stimulants such as cocaine and methamphetamine rose. And some states, including Oregon and Washington, continued to experience sharp rises in overall overdose fatalities. Drug overdoses overall in 2023 were estimated at 107,543, down from 111,029 in 2022, a 3 percent drop. Opioid deaths fell 3.7 percent while deaths from cocaine rose 5 percent and deaths from meth rose 2 percent.

Organizations: National Center for Health Statistics Locations: United States, Oregon, Washington

The best in show competition, essentially a doggie beauty pageant, is the culmination of a multiday canine extravaganza here at Westminster. The winner, with a blink-and-you’d-miss-it time of 28.76 seconds, was an All-American dog named Nimble. Nimble was the first All-American dog — the dog show word for mutt — to take the top spot in the 11 years that agility has been part of Westminster, and he was also the first dog from the 12-inch division to win the competition. Perhaps the best example is Kratu, a rescue dog who has appeared several times at the Crufts dog show in England. Miles, an All-American rescue dog from Erie, Pa., who defeated the odds to become an agility champion and whose unlikely road to Westminster was described in The Times, competed on Saturday in the 20-inch division.

Persons: mutt —, Lark, Hogan, Miles, Christine Longnecker, “ Organizations: The Times Locations: Westminster, England, Erie, Pa

☆ An art market full of cracks is about to face a $1 billion test
▼ + stars: | 2024-05-10 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Art auction sales at Christie's, Sotheby's and Phillips over the next two weeks are expected to total $1.2 billion, down 18% from a year ago and nearly half the total for the May 2022 sales, according to ArtTactic. It extends a recent decline for the art market from its post-Covid peak, when cheap money, a booming stock market and fiscal stimulus saw record sales. It's the buyers showing up and what the work will sell for that will define our perception of the art market right now. Price pressuresDealers and art experts say the auction art market is stalled over price, with sellers not willing to get a lower price than they might have gotten at the peak of the market in 2021-2022. "The question they're asking is, 'Should we buy in to the art market right now?'"

Persons: Robert Frank, Phillips, Paul Allen, Brooke Lampley, Buyers, Sellers, Philip Hoffman, CNBC's Robert Frank, Andy Warhol, Jean, Michel Basquiat, Crystal Lau, Andrew Fabricant, It's, Hoffman, Francis Bacon's, George Dyer, Bacon, Dyer, Michel Basquiat's Organizations: Sotheby's, Fine Art Group, CNBC Dealers, CNBC Locations: —, Gagosian

☆ John Leguizamo on His Best Movie Roles: 'Carlito's Way,' 'Encanto'
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."

Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, —, Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican

☆ Microsoft's partnership with OpenAI was 'basically a bet,' says CTO Kevin Scott
▼ + stars: | 2024-05-07 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMicrosoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company. Kevin Scott gave insight into his decision-making that led to Microsoft's alliance with OpenAI in 2019 on an episode of Reid Hoffman's podcast "Possible" last week. This story is available exclusively to Business Insider subscribers. It was sent just weeks before Microsoft announced its $1 billion investment in OpenAI and subsequent partnership. Microsoft didn't immediately respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: —, OpenAI, Sam Altman's, Kevin Scott, Reid, Scott, who's, Bill Gates, Satya Nadella, OpenAI's, Turing, Phi Organizations: Service, OpenAI, Business, Microsoft, Department, Google, MAI Locations: OpenAI

While stars, celebrities and Anna Wintour ascended the steps at the Met Gala on Monday night, protesters began assembling on the streets just surrounding the museum. In Central Park, a small group of protesters, accompanied by an A.C.L.U. observer in a blue vest, gathered with cardboard signs reading “No Met Gala While Bombs Drop in Gaza” and “No Celebration Without Liberation,” mixed in among signs that mostly dealt directly with the war in Gaza. Representatives of the group declined to answer questions or say how many protesters they were expecting. Another larger group made its way along Fifth Avenue, with many participants waving Palestinian flags and chanting “Gaza!

Persons: Anna Wintour, ” Organizations: New York Police Department Locations: Central, Gaza, Gaza .

☆ Anne Dwane has been a jack-of-all-trades in the startup world. Here's how that's helped her build a successful investing career.
▼ + stars: | 2024-05-06 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +5 min

Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.

Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ The new power figures in hedge funds do not manage money
▼ + stars: | 2024-05-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda:But first: Why Wall Street is so happy to see the job market slowing down. New data from Vanguard shows a two-tier job market: one divided between a blue-collar boom and a white-collar recession. Also read:AdvertisementiStock; Rebecca Zisser/BIThe portfolio-manager whisperersThe new power figures in hedge funds do not manage money.

Persons: —, it's, Brian Rose, It's, Christie Hemm, Jan Sramek, Goldman Sachs, Reid Hoffman, Marc Andreessen, Alyssa Powell, Stefano Spicca, Jenny Chang, Rodriguez, Rebecca Zisser, whisperers, Gates Organizations: Business, Service, Federal Reserve, Fed, UBS Global Wealth Management, Big, Silicon, California, Vanguard, Microsoft, Big Tech Locations: Austrian, Solano County, Napa, Sacramento, California, Silicon Valley, New York City

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ In Western Ukraine, a Community Wrestles With Patriotism or Survival
▼ + stars: | 2024-04-26 | by ( Natalia Yermak | Brendan Hoffman | ) www.nytimes.com time to read: +1 min

It was sunset when Maj. Kyrylo Vyshyvany of the Ukrainian army stepped into the yard of his childhood home in Duliby, a village in western Ukraine, just after his younger brother, also a soldier, had been buried. “I can already see that she’ll be coming to visit him every day,” he said that day. A few days after the funeral, in March 2022, he was killed in a Russian missile strike on a Ukrainian military base and buried next to his brother, Vasyl. The Vyshyvany brothers were the first deaths from Duliby and the surrounding community after Russia began its full-scale invasion on Feb. 24, 2022. For Duliby and its surrounding enclave of Khodoriv — total population around 24,000 people — waiting for the next solemn death notification and the funeral that follows has become a bitter routine.

Persons: Kyrylo, ”, Vasyl, — Locations: Duliby, Ukraine, Russian, Ukrainian, Russia, Khodoriv

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