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☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

☆ Citadel founder Ken Griffin said he would be 'open' to selling a stake in his $65 billion hedge fund
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

AdvertisementCitadel founder Ken Griffin said on Thursday that he's "open" to selling a stake in his hedge fund. Griffin had previously sold a minority stake in his market maker to VC funds Sequoia and Paradigm. BlackRock's potential investment into Izzy Englander's Millennium might have Citadel founder Ken Griffin thinking. Griffin said Sequoia has pushed Citadel Securities' leadership in the boardroom, making them a better company. AdvertisementAs for who he'd want as a minority stakeholder of Citadel, Griffin clearly has a type.

Persons: Ken Griffin, Griffin, Izzy Englander's, Larry Fink, Sam Bankman, he'd, that's, it's, Sequoia Organizations: Citadel, Sequoia, Economic, of New, BlackRock, Millennium, Financial Times, Bloomberg, Citadel Securities, Apple, Nvidia Locations: of New York, York

☆ Sarah Silverman says her lawsuit against OpenAI is difficult because the company is one of the 'richest entities in the world'
▼ + stars: | 2024-11-21 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Silverman discussed her copyright infringement lawsuit against OpenAI, which owns ChatGPT. Comedian Sarah Silverman opened up about her copyright infringement lawsuit against Sam Altman's OpenAI, which owns the artificial intelligence chatbot ChatGPT. The lawsuit's defendants include OpenAI, L.P. and OpenAI GP, L.L.C, among other entities. The plaintiffs originally sued OpenAI for direct copyright infringement, vicarious copyright infringement, violating The Digital Millennium Copyright Act, unjust enrichment, violating the California and common law unfair competition laws, and negligence. The judge dismissed all the claims except direct copyright infringement and unfair competition, prompting the plaintiffs to file an amended lawsuit in March.

Persons: Sarah Silverman, Rob Lowe's, Silverman, Sam Altman's OpenAI, ChatGPT, Rob Lowe, OpenAI, Sam Altman, Nehisi Coates, Laura Lippman, Paul Tremblay, Jason Redmond, It's, Lowe, that's Organizations: Rob Lowe's Sirius XM, OpenAI, Microsoft, Court, Northern District of, Northern District of California San Francisco Division, Business, Copyright Locations: Northern District, Northern District of California, AFP, California

☆ Disney is turning record parks profits — even before its big expansions
▼ + stars: | 2024-11-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom. Experiences, which includes parks, resorts, cruises and consumer products, was the second-highest revenue driver behind Disney's entertainment division, which tallied $41.18 billion in fiscal 2024. "It's small things adding up to big things," said David Lightbody, senior vice president of Disney Live Entertainment. Limited time holiday merchandise available at Disney parks. A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida.

Persons: Gary Hershorn, King Thanos, it'll, Gavin Doyle, Doyle, Mouse, Helene, Milton, David Lightbody, Lightbody, Lindsay Brookshier, Disney hasn't, Liao Pan Organizations: Magic, Walt Disney World, Corbis, Getty, Magic Kingdom, Disney, Big, Marvel, Epcot, Guardians, Falcon, Disney Live Entertainment, Walt Disney, Disneyland's, Pixar Fest, Medianews, Orange, China News Service Locations: Orlando , Florida, Magic, Florida, California, Hong Kong, Anaheim, Walt, Lake Buena Vista , Florida

☆ Lavish gold-domed penthouse in New York City on sale for $25 million
▼ + stars: | 2024-11-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

CNN —Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow high-rise that would be modest if not for its extravagant gold dome. Now, the 5,777-square-foot penthouse that occupies the shimmering dome (and the two-story octagonal cupola it crowns) is on sale for $25 million. The five-bedroom, five-bathroom property sits atop 170 Fifth Avenue, which was built in 1898 and predates the Flatiron Building by four years. The building has been standing four years longer than its famous neighbor, the Flatiron Building. Alexander Alland, Jr. /Corbis Historical/Getty ImagesHaving once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium.

Persons: Eitan Gamliely, ”, Lawrence Treglia, it’s, Treglia, Robert Maynicke, Maynicke, Jay Maisel, Alexander Alland, Gregory C, Carr, ” Treglia Organizations: CNN, Visitors, New York Times, Tiffany Locations: New York, York, preschools, Mozambique

☆ Legends of Uzbekistan: The man who measured the world
▼ + stars: | 2024-11-13 | by ( ) edition.cnn.com time to read: +4 min

But a period of immense discovery is beginning, in which every scholar hopes their theories could change our understanding of the world. One of the greatest of these and one of the most revered in Islam is Abu Rayhan Al-Biruni. Born in 973 CE in Khwarazm in northwest Uzbekistan, Al-Biruni was a man of such prodigious knowledge and scholarship that the modern city is now an ode to his name, Beruniy. Al-Biruni is considered the "father of Indian studies" GettyThe early ages of space discoveryAlongside cultural studies, Al-Biruni had a passion for astronomy, devoting 95 of his 146 books to the cosmos. The first award ceremony is scheduled in November 2025, in Samarkand during the 43rd Session of the UNESCO General Conference.

Persons: Abu Rayhan Al, Biruni, Mahmud Ghaznav, Al, Getty, Galileo Galilei, Sir Isaac Newton, Richard Dunthorne Organizations: Nations, UNESCO Executive, UNESCO, Intelligence, UNESCO General Conference Locations: Islam, Khwarazm, Uzbekistan, Al, Tehran, Lahore, India, Samarkand

☆ In Italy, this 12th century castle is transforming into a luxury resort
▼ + stars: | 2024-11-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —For almost a millennium, the Castle of Antognolla has punctured a skyline of seemingly endless rolling forested hills. Rooms will offer a panoramic view of the site’s jewel in the crown, an 18-hole golf course with ambitions to break the Spanish and Portuguese hegemony over premier golf destinations on the continent. The castle offers a sweeping view of the golf course below and valleys beyond. In 1628, the estate was bought by nobleman Cornelio Oddi, who wished to make it a holiday resort. “They’re coming to Italy and then they see that there are good courses, and they decide to play golf.

Persons: Robert Trent Jones Jr, Saint Herculanus, Ruggero di Antognolla, Pope Boniface IX, bloodily, Cornelio Oddi, Agnelli, Antognolla, Burguière, year’s, Marco Simone Golf, ”, “, oenologist Riccardo Cotarella, ” Burguière Organizations: CNN, Fiat, Juventus –, Ventures Locations: Antognolla, Umbria, Perugia, Rome, Italy, Spain, Portugal, Grechetto, Gubbio, Marmore Falls, Europe

☆ 6,000-year-old symbols linked to the world’s oldest writing system
▼ + stars: | 2024-11-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —Researchers have uncovered links between the precursor to the world’s oldest writing system and the mysterious, intricate designs left behind by engraved cylindrical seals that were rolled across clay tablets about 6,000 years ago. Scholars consider cuneiform the first writing system, and humans used its wedge-shaped characters to inscribe ancient languages such as Sumerian on clay tablets beginning around 3400 BC. The writing system is thought to have originated from Mesopotamia, the region where the world’s earliest known civilization developed that’s now modern-day Iraq. “This gap in the origin story — where do the nonnumerical proto-cuneiform signs come from — was left unresolved,” Johnson said. Correlating seal motifs (left) with proto-cuneiform pictographs could help researchers decipher hundreds of the symbols whose meaning is still unknown.

Persons: ”, Silvia Ferrara, “, ” Ferrara, Ferrara, Kathryn Kelley et, Kathryn Kelley, Kelley, Mattia Cartolano, Eckart Frahm, John M, Musser, Frahm, ” Frahm, J, Cale Johnson, Johnson, —, ” Johnson Organizations: CNN —, University of Bologna, Civilizations, Yale University, Freie Universität Locations: Mesopotamia, Iraq, Uruk, Iran, Turkey, Asia, Eastern, Freie Universität Berlin

☆ Schonfeld is leading its peers a year after the $11.6 billion firm ended tie-up talks with Millennium. How the industry's biggest funds did in October.
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Schonfeld is up by 15.5% for the year in its flagship fund. They said the flagship fund had been up in 17 of the past 18 months. AdvertisementOctober was a strong month generally for the large multistrategy managers that have dominated industry headlines in recent years. Ken Griffin's Citadel was up by 1.2% last month in the firm's flagship Wellington fund, a person close to the Miami-based fund told Business Insider. AdvertisementMillennium, meanwhile, made 0.4% last month, pushing its annual return to 10%, a person close to Izzy Englander's firm said.

Persons: Schonfeld, —, Ken Griffin's, Izzy Englander's Organizations: Citadel, Service, Schonfeld Strategic Advisors, Partners, Equity, Microsoft, Business, Ken Griffin's Citadel Locations: York, Wellington, Miami

☆ European markets expected to start November in mixed territory as traders await U.S. jobs data
▼ + stars: | 2024-11-01 | by ( Sam Meredith | ) www.cnbc.com time to read: 1 min

Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to the all-important U.S. jobs report. The U.K.'s FTSE 100 is poised to open 8 points higher at 8,113, Germany's DAX 6 points higher at 19,060, France's CAC up 8 points at 7,342 and Italy's FTSE MIB down 22 points at 34,008, according to data from IG. The moves come shortly after European stocks closed lower on Thursday, ending October with its steepest loss for year as investors weighed corporate results, inflation data and a landmark U.K. budget.

Persons: Germany's DAX Organizations: of, France's CAC, IG Locations: of London

Hello Kitty made her commercial debut the next year, appearing on a line of vinyl coin purses alongside several other new characters. There’s not much that doesn’t suit her… I think that when everyone talks to Hello Kitty, she probably answers them in some way.”Sales of Hello Kitty products flourished in Japan between the 1980s and mid-1990s. A North Korean child wears a Hello Kitty hairpin at a primary school in the country's capital, Pyongyang, in 2011. Hello Kitty superfan Asako Kanda shows CNN a room in her home that is dedicated to Hello Kitty. Daniel Campisi/CNNAfter more than 36 years of collecting, Kanda still buys around two Hello Kitty items every month.

Persons: Sanrio, Kitty White, Kitty, Pokémon, Mickey Mouse, Yuko Shimizu, ”, Bob Levey, Yuko Yamaguchi, Shimizu, Setsuko Yonekubo, Yamaguchi, Yoshikazu Tsuno, Kitty —, Tiny, “, Feng Li, Kanda, Daniel Campisi, Kitty’s, Beyblade —, Atsuo Nakayama, Astrid Stawiarz, —, ” Atsuo, Eduardo Verdugo Organizations: CNN, UNICEF, Japan’s Foreign Ministry, George Bush Intercontinental Airport, Sanrio’s, Getty, ”, New York Times, America, Wall Street, Netflix Locations: London’s, Kitty’s, Houston , Texas, Sanrio’s Tokyo, Tokyo, AFP, San Francisco, Japan, Korean, Pyongyang, San Jose, New York City, London, American, America, Mexico City

☆ Rocket builder Firefly’s new CEO is working ‘maniacally’ to scale launches, spacecraft and moon missions
▼ + stars: | 2024-10-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.

Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas

☆ 20 Years of Impossible Choices in ‘Saw’
▼ + stars: | 2024-10-29 | by ( Annie Aguiar | Joyce Ho | ) www.nytimes.com time to read: +9 min

It can be hard to remember two decades later that the original “Saw” was less interested in gore than morality. In “Saw,” Cary Elwes’s character verbalizes the tension and appeal of the franchise: “He doesn’t want us to cut through our chains. “I’m going to try something else you haven’t seen before.”The classic tropes within “Saw” — serial killers, haunted detectives, creepy puppets — are mashed together and inverted around the undeniable binary of its core choice. In “Cube” (1997), an offbeat Canadian science fiction horror film, prisoners in a mysterious jail travel through rooms rigged with traps. Wan never directed another “Saw” movie, while Whannell contributed to “Saw II” and wrote the screenplay for “Saw III.”In the decades since “Saw” was released, Wan has directed tentpole franchise entries like “Aquaman” (2018) and “Furious 7” (2015).

Persons: Cary Elwes, ”, Shawnee Smith, ” Cary, Lionsgate Elwes, Westley, “, James Wan, Leigh Whannell, Wan, ” Wan, “ I’m, Rube Goldberg, David Edelstein, Eli Roth’s, John Kramer, Tobin Bell, Kramer, ” Bell, ” Whannell, Stacey Testro, Testro, Evolution Entertainment — Gregg Hoffman, Oren Koules, Mark Burg —, ” Burg, David Fincher’s “, “ Se7en, Morgan Freeman, Brad Pitt, Whannell, Se7en, —, Elisabeth Moss, ” Billy, Freddy Krueger Organizations: Royal Melbourne Institute of Technology, Shawnee, Lionsgate, Evolution Entertainment Locations: “, London, New York, Wan, Hollywood, United States

☆ This startup for traders raised $30 million from investors including Stanley Druckenmiller and Greg Coffey. Here's how it plans to transform how Wall Street analyzes data.
▼ + stars: | 2024-10-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.

Persons: —, Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo

☆ Trump and allies spread false noncitizen voting claims and World Series preview: Morning Rundown
▼ + stars: | 2024-10-25 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A World Series matchup for the ages is set to begin. The teams haven’t met in the World Series since 1981, and there are a host of other benchmarks that make this series extra exciting. Sports reporter Rohan Nadkarni explains the significance of this year’s Fall Classic and what to watch for:⚾ What makes the 2024 World Series so exciting? “Nevada” by YoungBoy Never Broke AgainRead more about the 2024 World Series. The report coincidentally comes on the eve of the World Series, one of the biggest sporting events in the U.S.

Persons: Donald Trump, Trump, Chelsea Stahl, Jeff Vega, Brandy Zadrozny, ➡️ Trump, Hitler, Jack Smith, Gen, Harris, Kamala Harris, Barack Obama, Bruce Springsteen, Beyoncé, ➡️ Harris, Harris ’, ➡️ Tim Sheehy, It’ll, Mike Johnson, —, haven’t, Rohan Nadkarni, It’s, Ohtani, Aaron Judge, Mookie Betts, Freddie Freeman, Juan Soto, Giancarlo Stanton, ostseason, ames, S. Organizations: NBC, Trump, Election, Republicans, ➡️, Republican, Navy, Los Angeles Dodgers, New York Yankees, American League, National League, Dodgers, Yankees, New, Los Angeles Locations: Michigan, Wisconsin, U.S, Arizona, Nevada, Trump’s, Atlanta, Houston, Montana, New York, ely

☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ Knicks fans are starting to believe again in a team built by ‘smart dorks’
▼ + stars: | 2024-10-21 | by ( James L. Edwards Iii | ) www.nytimes.com time to read: +16 min

AdvertisementNew York fans love their basketball team, especially their rookies. Knicks fans have spent the last 20-plus years loving something that hasn’t always loved them back. Even in the most exciting stretches of D’Angelo’s life as a Knicks fan, nothing ever quite felt like this. “Everyone who is a Knicks fan with gray hairs remembers that Charles Smith was fouled in that game against the Bulls,” Converse said. No matter what happens this season, Converse and his boys are ready for this ride.

Persons: Jalen Brunson, Patrick Ewing, LaMelo, Kemba Walker, Tyler Kolek, they’ve, hasn’t, Mike Breen, Jason D’Angelo, Barry Dworkin, Breen, ” D’Angelo, ” Jason D’Angelo, D’Angelo, he’d, Michael Jordan, ”, …, Scottie Pippen, Hubert Davis, Jordan, Charles Oakley, Marcus Camby, John Starks, Pat Riley, “ Camby, P.J, Carlesimo, Ewing, James Dolan, “, Dolan, Isiah Thomas, Phil Jackson, Frank Ntilikina, he’s, Leon Rose, Brock Aller, Karl, Anthony Towns, Barry, “ It’s, Ray McConville, ” McConville, McConville, ” Ray McConville, Larry Brown, —, LeBron James, James, Amar’e Stoudemire, Stoudemire, Carmelo Anthony —, James ’, They’ve, don’t, Floyd Converse, Converse, it’s, ” Converse, Matthew, James Harden, “ I’m, Donte DiVincenzo, I’m, Charles Smith, Yorkers, He’s, Meech Robinson, Andrew D, Bernstein Nathaniel S, Butler, Jeyhoun Allebaugh, Jeff Zelevansky, Nathaniel S, Sarah Stier, Theo Wargo Organizations: Charlotte Hornets, Eighth, City’s Spectrum, NBA, Knicks, Eastern Conference, WFAN, Nissan Pulsar, TLC, Bulls, of Famer, Chicago, Toronto Raptors, Golden State Warriors, Latrell, San Antonio Spurs, Eastern, Staten, “, Yorker, Spurs, Indiana Pacers, “ Knicks, New York, Yorkers, Miami Heat, York, Denver Nuggets, Celtics, New York Yankees, Madison, Garden, Houston Rockets, Rockets, Converse, Donte Locations: Manhattan, York, New York, New, Seattle, Madison, Mecca, ”, Westchester County, Converse, Chicago

☆ Allocators that crowded into the biggest hedge funds are worried about these managers crowding into the same trades
▼ + stars: | 2024-10-15 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The biggest worry for allocators to hedge funds is crowding, according to a new Bank of America survey. AdvertisementAllocators are growing more worried about crowding at hedge funds. The survey — which spoke to 160 allocators with roughly $680 billion invested in around 4,300 hedge funds globally — found that the biggest hedge fund managers in the industry are still gobbling assets and market share despite their investors bickering about costs. This flavor of hedge fund brought in $10 billion in net flows in 2024's first six months, and the average multimanager firm runs $1.7 billion. Despite this, allocators, paradoxically, have grown even more concerned about crowding risks in their hedge fund portfolios.

Persons: — Organizations: Bank of America, Service, Citadel

☆ China’s ‘New Great Wall’ Casts a Shadow on Nepal
▼ + stars: | 2024-10-12 | by ( ) www.nytimes.com time to read: +14 min

Hilsa Village NEPAL CHINA Area of detail CHINA Humla District NEPAL Kathmandu INDIA 75 miles NEPAL CHINA Hilsa Village CHINA Area of detail Humla District NEPAL Kathmandu INDIA 75 miles Source: OpenStreetMap, ESRI By Agnes ChangThe Nepalis have other complaints, too. “This is the new Great Wall of China,” said Jeevan Bahadur Shahi, the former provincial chief minister of the area. Without proper roads, it takes goat herders three days to cover the seven miles from Simikot, Nepal, to Humla. CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDERThe Chinese side used to be nearly as remote, the seclusion broken only by a flow of pilgrims to Mount Kailash, which is holy to four faiths. Just 20 miles away is the junction of China, Nepal and India.

Persons: Nepalis, Agnes Chang, Dalai Lama, ”, Jeevan Bahadur Shahi, Xi’s, Xi, Brian Hart, ” Mr, Hart, Arzu Rana Deuba, —, Saud, Saud’s, “, Mr, Deuba, Pan Yue, China “, Shahi, Lhamu Lama, Hilsa, Pema Wangmu Lama Organizations: Chinese Communist Party, Covid, China Power, Center for Strategic, International Studies, Liberation Army, U.S . Department of Defense, The New York Times, Nepali Home Ministry, The Times, Communist, Security, Guard, Times, National Ethnic Affairs, Nepali Locations: Tibet, Nepal, Nepal’s Humla District, China, Hilsa, NEPAL CHINA, CHINA Humla District NEPAL Kathmandu INDIA, NEPAL CHINA Hilsa, CHINA, Humla, NEPAL Kathmandu INDIA, ESRI, Nepali, Nepal’s Humla, Simikot, Beijing, Washington, Philippine, India, Humla District, N.P, Hulma, Kathmandu, Vietnam, People’s Republic of China, CHINA NEPAL CHINA, NEPAL, Mount Kailash, Xinjiang, Purang, ”, Bhutan, District

☆ Trump is veering off the battleground map to blue states: From the Politics Desk
▼ + stars: | 2024-10-09 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, politics reporters Matt Dixon and Allan Smith explore why Donald Trump is set to campaign in heavily Democratic states in the final stretch of the 2024 race. Trump plans rallies in solidly Democratic states in the race’s final weeksBy Matt Dixon and Allan SmithGet ready for Donald Trump’s blue state extravaganza. With less than four weeks until Election Day, the Republican presidential nominee is scheduled to hold rallies in staunchly Democratic states he has virtually no chance of winning. President Joe Biden won those states by an average of 20 points in 2020, with his 13-point Colorado win the closest. “Choosing high-impact settings makes it so the media can’t look away and refuse to cover the issues and the solutions President Trump is offering,” a senior Trump campaign adviser said of the strategy.

Persons: Matt Dixon, Allan Smith, Donald Trump, Chuck Todd, Trump, Allan Smith Get, Donald Trump’s, It’s, Joe Biden, George W, Bush, ”, —, Kamala Harris, Matthew Bartlett, Read, There’s, Chuck → 🗞️, ove, Rea, Deb Organizations: NBC, White House, Capitol, Democratic, Republican, Trump, GOP, New York —, White, sce, ics Locations: Colorado , California , Illinois, New York, Colorado, Madison Square, New York City, California, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Washington, Poli

With less than four weeks until Election Day, Trump is scheduled to hold rallies in staunchly Democratic states he has virtually no chance of winning. President Joe Biden won those states by an average of 20 points in 2020, with his 13-point Colorado win the closest margin. “Choosing high-impact settings makes it so the media can’t look away and refuse to cover the issues and the solutions President Trump is offering,” said a senior Trump campaign adviser of the strategy behind late-election cycle events in Democratic states. He called Trump the “most unorthodox candidate in modern history,” which means the off-script strategy could have some value. “Aurora, Colorado has become a 'war zone' due to the influx of violent Venezuelan prison gang members,” Trump’s campaign said in a statement announcing the event.

Persons: Donald Trump’s, Trump, It’s, Joe Biden, George W, Bush, ”, Harris, Biden’s, Kamala Harris, Matthew Bartlett, ” Bartlett, Republican Young Kim, Republican Ken Calvert, Mike D’Esposito, Trump’s, Ed McMullen, Bartlett, Steven Hernandez, “, ” Hernandez, Sen, Bernie Sanders, Mike Coffman, Ohio Sen, JD Vance, it’s, Tricia McLaughlin, Vivek Ramaswamy's Organizations: Democratic, Republican, Trump, House, Los, Nassau County’s, Coachella, Bloomberg, Economic, of Chicago, Madison, GOP, New Locations: Colorado , California , Illinois, New York, Colorado, Madison Square, Georgia, Pennsylvania, Nevada , North Carolina , Wisconsin, Michigan, California, Los Angeles, Coachella, Switzerland, Aurora, “ Aurora , Colorado, Chicago, Democratic, Manhattan, Yorker, New Jersey

☆ US government considers a breakup of Google
▼ + stars: | 2024-10-09 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +3 min

The US Department of Justice in a court filing Tuesday night said it may recommend dismantling Google’s core businesses, separating Google’s search business from Android, Chrome and the Google Play app store. “That would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants,” the government said in its court filing. The case had been described as the biggest tech antitrust case since the US government’s antitrust showdown with Microsoft at the turn of the millennium. Whatever ultimately happens to Google could set the stage for potential remedies in other, ongoing antitrust cases against tech giants. Google faces a separate case brought by DOJ attorneys, along with 17 states, who allege that its advertising business is anticompetitive.

Persons: ”, Amit Mehta, ” Kent Walker Organizations: CNN, Baby, Google, US Department of Justice, Android, Apple, Microsoft, DOJ, Meta, Ticketmaster

☆ Why $3 billion Crestline Summit believes it's different from the 'indentured servitude model' of its multimanager rivals
▼ + stars: | 2024-10-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

For others, such as the $3 billion hedge-fund platform Crestline Summit, it is a part of their expansion plans. One such manager is former Citadel PM Josh White, who started trading at his London-based Regents Gate earlier this year with capital from Crestline. Advertisement"Some of our competitors are kind of an indentured servitude model," said Scott Nelson, who runs the client partnership group. The brand the firm is trying to push externally is that they are "capital partners, not capital providers," Nelson said. AdvertisementA person familiar with the manager's flagship strategy said Crestline was up nearly 12% in 2023, besting funds such as Point72 and Millennium.

Persons: —, Caroline Cooley, Crestline, we're, ExodusPoint, Michael Gelband, Neilson Arbour, multimanagers, Arbour, Cooley, Josh White, Scott Nelson, Nelson Organizations: Service, of, Crestline Summit, Texas, Citadel Locations: Texas, The Texas, of Texas, New York, London, Crestline

☆ The strategy a $69 billion hedge fund uses to make sure it never loses money in the stock market
▼ + stars: | 2024-10-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The $69 billion hedge fund uses a strict trading strategy to make sure it consistently makes money. This trading strategy has helped founder Israel Englander become a billionaire. AdvertisementThe $69 billion Millennium Management hedge fund employs a simple yet effective trading strategy to make sure it almost always makes money in the stock market: cut losing stock positions as quickly as possible. This strict stop-loss trading strategy means the hedge fund goes through a lot of employees, sporting a high turnover rate of about 15%-20% of its staff each year. But the trading strategy is also what turned its founder, Israel Englander, into a billionaire.

Persons: Israel Englander, —, Englander Organizations: Management, Service, Millennium, Bloomberg, Wall Street Journal, Millennium Management

☆ ExodusPoint led multistrategy hedge funds in September. Here's where rivals like Citadel, Millennium, and others stand.
▼ + stars: | 2024-10-02 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +2 min

ExodusPoint led multimanager hedge funds with a 1.5% gain last month and is up 6.5% in 2024. Millennium and Schonfeld had strong returns; Citadel, Balyasny, and Walleye lagged behind. AdvertisementIn the last month before a new cash hurdle forces the firm to outperform for performance fees, ExodusPoint led the way among multistrategy hedge funds. The $11 billion manager was up 1.5% last month, bringing its 2024 numbers to 6.5%, a person close to Michael Gelband's fund said. The firm was down 0.2% last month, though it is still up 11.1% on the year, a person close to the firm said.

Persons: ExodusPoint, Schonfeld, —, Michael Gelband's, Ken Griffin's Organizations: Citadel, Walleye, Service, Business Locations: Balyasny, York, Wellington, Miami

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