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☆ Hedge fund titan Steve Cohen is no longer trading stocks. Here's why it's an important milestone for the $4 trillion industry.
▼ + stars: | 2024-09-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.

Persons: —, Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut

☆ Lady Gaga said she didn't shut down rumors that she was a man to avoid a child in the same situation feeling shame
▼ + stars: | 2024-09-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Lady Gaga addressed the rumor that she was a man in "What's Next? At the start of her career in the 2010s Gaga was asked in multiple interviews if she was secretly a man. Gaga said she didn't shut down the rumor because she didn't want a child in the same situation to feel shame. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLady Gaga said she never shut down the yearslong rumor that she was secretly a man so a child in a similar situation wouldn't feel shame.

Persons: Lady Gaga, Bill Gates, Gaga, —, Stefani Germanotta Organizations: Service, Netflix, Business

☆ Mark Zuckerberg says Apple's culture is very different than Meta's — and the two rivals will be battling on multiple fronts
▼ + stars: | 2024-09-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Meta and Apple have had a rivalry for years, and Meta's Mark Zuckerberg only expects it to grow. On the "Acquired" podcast, he said Apple will be Meta's "primary competitor" in the next decade. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta and Apple have increasingly been rivals, and Mark Zuckerberg only expects their competition to intensify in the coming years.

Persons: Meta's Mark Zuckerberg, Zuck, Apple, —, Mark Zuckerberg Organizations: Apple, Meta, Service, Business

☆ A neuroscientist scanned her brain during pregnancy and postpartum. It changed in 2 major ways.
▼ + stars: | 2024-09-18 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

A neuroscientist scanned her own brain during pregnancy to track its changes. Go to newsletter preferences Thanks for signing up! AdvertisementFor how common the phrase "mommy brain" is, we still don't know much about how pregnancy, birth, and postpartum alter a person's brain. "It's shocking that in 2024, there's so little information available to us," Dr. Liz Chrastil, 43, a neuroscientist and associate professor at UC Irvine, told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Dr, Liz Chrastil Organizations: Service, UC Irvine, Business

☆ Vilnius is cheap, safe, and fun — no wonder it's the world's happiness capital for Gen Z
▼ + stars: | 2024-09-18 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +8 min

Joshua Nelken-Zitser/Business InsiderThe city's 90-or-so lakes, ideal for kayaking, and some of the largest forests in the country are also nearby. Joshua Nelken-Zitser/Business InsiderAccording to an affordability index by the personal finance website Finasvalp, Vilnius is the fourth most affordable capital in Europe. Joshua Nelken-Zitser/Business InsiderShe also said she appreciates how inexpensive and convenient it is to travel from Vilnius. Joshua Nelken-Zitser/Business InsiderOutside a food hall beside the Baltasis Tiltas, or White Bridge, 22-year-old Goda Ponomariovaitė looks for a place to sit. Joshua Nelken-Zitser/Business InsiderAccording to Ponomariovaitė, Vilnius has plenty of free or affordable hangout spots.

Persons: —, Valdas Benkuskas, Angel Villalba, Ignas, Kazlauskas, Ignas Kazlauskas, Joshua Nelken, Pranculis, Elizabeth Avgusta, Adriana Doroškevičiūtė, Avgusta, Doroškevičiūtė, It's, Ponomariovaitė Organizations: Service, Business, Getty, Gallup, US, Eurostat, Finasvalp, Michelin Locations: Lithuania, Vilnius, Baltic, Small, Lithuania's, Denver, London, Newcastle, Ukraine, Belarus, Berlin, Europe, Indonesia, LA's Venice, Ponomariovaitė, Amsterdam

☆ UniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst says
▼ + stars: | 2024-09-18 | 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 EmailUniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst saysArnaud Journois, senior vice president of European Financial Institution Ratings at Morningstar DBRS, says there is "double logic" behind UniCredit's bid for Commerzbank as the Italian lender seeks to grow its business.

Persons: Arnaud Journois, Morningstar DBRS Organizations: Commerzbank, European, Morningstar

☆ Hezbollah pager attacks are a harbinger of a darker, more dangerous age of individualized strikes, military expert says
▼ + stars: | 2024-09-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewThe simultaneous detonation of thousands of pagers in Lebanon on Tuesday is a harbinger of a darker and more dangerous age of individualized attacks, according to a retired general and warfare strategist. The pagers were ordered by Hezbollah and were tampered with before they reached Lebanon, some of the officials said. "This is yet another demonstration that individuals are increasingly vulnerable to highly precise and personalized attacks," he said. Related storiesRyan cited the use of armed first-person-view drones on the battlefields in Ukraine and Russia, which he said showed the use of lethal personalized attacks had escalated in the past two years. He said the pager attack on Hezbollah "opens a dangerous Pandora's box" and makes almost everyone a "walking ticking bomb."

Persons: —, Israel, Washington, pagers, Mick Ryan, Ryan, Yousef Munayyer, Munayyer Organizations: Service, Wireless, Business, US State Department, New York Times, Sky News, US Air Force, Arab Center Washington DC Locations: pagers, Lebanon, Iran, Australian, Ukraine, Russia, Vietnam

☆ JD Vance's staff claimed they had evidence of a Haitian taking a cat in Springfield. But it turns out 'Miss Sassy' is just fine
▼ + stars: | 2024-09-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Sen. JD Vance's staff reportedly sent evidence of a possible cat-napping to the Wall Street Journal. Vance has defended his role in pushing rumors that Haitian migrants are eating people's pets in a small town. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. JD Vance's staff forwarded evidence that might have added legitimacy to the wild and racist rumors that Haitian migrants were eating people's pets in the small town of Springfield, Ohio. But when a reporter checked out the situation, they found an apologetic woman with a cat, Miss Sassy, that was safe and sound.

Persons: Sen, JD Vance's, Vance, —, JD, Sassy Organizations: Wall Street, Service, Republican, Business Locations: Springfield , Ohio

☆ Founders should do this surprising thing more often in pitches, Daniel Lubetzky, the newest 'Shark Tank' addition, says
▼ + stars: | 2024-09-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Daniel Lubetzky, founder of snack brand Kind, is joining "Shark Tank" as the show's newest Shark. Go to newsletter preferences Thanks for signing up! AdvertisementDaniel Lubetzky has seen dozens of pitches from founders on the ABC television series "Shark Tank." But Lubetzky will be hearing even more pitches as he becomes the show's latest new judge — or "Shark" — starting with the show's new season next month. Lubetzky isn't a stranger to Shark Tank or startups.

Persons: Daniel Lubetzky, Lubetzky, —, He's Organizations: Service, ABC, Business

☆ Hellboy is one of Hollywood's most beloved characters. So why does hardly anyone know a new movie exists?
▼ + stars: | 2024-09-18 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +8 min

Read previewA new "Hellboy" movie is coming to theaters — but most people have no idea. "Hellboy: The Crooked Man" takes the hero back to the roots of Mignola's horror-tinged comics. Perhaps most surprisingly, "Hellboy: The Crooked Man" is not as disastrous as the marketing might suggest. Some believe Millennium Media made "The Crooked Man" on a small budget with the sole intention of keeping the rights to Hellboy. The director of 'Hellboy: The Crooked Man' said he knew the movie would face 'challenges'Jack Kesy as Hellboy and Adeline Rudolph as Bobbie Jo Song.

Persons: —, Guillermo del Toro's, Mike Mignola's, del Toro, Ron Perlman, Perlman, Hellboy, David Harbour, Brian Taylor —, Jack Kesy, Martin Bassindale, It's, Adeline Rudolph, Bobbie Jo Song, Yana Blajeva, Ethan Baird, Baird, Brian Taylor, Rob Mitchell, Mitchell, you've, Taylor, I've Organizations: Service, Business, Millennium Media, Marvel, YouTube, Millennium, Gower, Analytics, Revolution Studios, Universal Pictures, Millenium Media, Entertainment, iTunes Locations: Bulgaria, Portugal, Spain, American

☆ What we learned so far from the Titan submersible OceanGate hearing
▼ + stars: | 2024-09-18 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

The Coast Guard Marine Board of Investigation hearing on the Titan submersible implosion revealed new information on the tragedy. Here's what we know. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Coast Guard Marine Board, Business

☆ See inside the luxury health and wellness rooms of the superrich
▼ + stars: | 2024-09-18 | by ( Kim Schewitz | ) 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. Complete with a cold plunge ("excellent for circulation," she said,) hot tub, steam room, and sauna, it looked like something straight out of a luxury hotel. This story is available exclusively to Business Insider subscribers. Now it has an experience shower and a cold plunge and a hot plunge," Mungall told Business Insider. Landry Design Group shared some of the most elaborate health and wellness projects they have worked on with BI.

Persons: —, Gwenyth Paltrow, Paltrow, William Mungall, Tom Brady, Mark Wahlberg, Kourtney Kardashian, Mungall, We're, He's Organizations: Service, Architectural, Business, Consulting, Landry Design Group, FDA, BI Locations: LA

☆ Hezbollah pagers suddenly explode across Lebanon
▼ + stars: | 2024-09-18 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

An attack on Hezbollah killed at least eight and left thousands of people across Lebanon injured when pagers unexpectedly detonated over a one-hour period. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: pagers Organizations: Business Locations: Lebanon

☆ Diddy's lawyers are headed back to court Wednesday to negotiate his release from jail on a $50 million bond
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.

Persons: —, Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's

☆ The Pre-Market Rundown 2: September 18, 2024
▼ + stars: | 2024-09-18 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ 'We are in a year of transition,' says Sartorius CEO
▼ + stars: | 2024-09-18 | 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 Email'We are in a year of transition,' says Sartorius CEOSartorius CEO Joachim Kreuzburg discusses the pharmaceutical industry and his business outlook.

Persons: Joachim Kreuzburg

☆ 3 couples who recently got mortgage interest rates under 3% share how they did it
▼ + stars: | 2024-09-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Read previewOver the past few years, US mortgage rates have fluctuated wildly, leaving both homebuyers and sellers scrambling. AdvertisementThis can lead to significantly lower interest rates, making monthly mortgage payments more affordable and saving thousands over the life of the loan. The Federal Open Market Committee, which oversees US monetary policy, is expected to cut interest rates at its meeting this week. This could lead to further declines in mortgage rates in the coming months. Here are the stories of three homebuying couples who secured mortgage rates below 3% since March 2023 using assumable mortgages.

Persons: —, Louis, Freddie Mac, aren't, Grace Lucchese, Mickey Ricard, Boston —, Lucchese, Ricard, Riccard, Brian Sankey, Fort Knox, Sankey, Brian Sankey Sankey, wouldn't, Amy Yzaguirre, Yzaguirre, I've Organizations: Service, Federal, Fed, Federal Reserve Bank of St, Business, Federal Housing Administration, Department of Veterans Affairs, Market Committee, Boston, Lucchese, assumable Veterans Affairs, Veterans Affairs, Army, Toyota Tacoma Locations: Lucchese's, Sudbury , Massachusetts, Boston, couple's Massachusetts, Elizabethtown , Kentucky, Fort, Elizabethtown, Oregon, Idaho, Tigard, Portland, Sherwood

☆ Meet Africa's richest man, a billionaire who doesn't own a home outside Nigeria
▼ + stars: | 2024-09-18 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Aliko Dangote, 67, is the richest person in Africa with an estimated net worth of $11.7 billion. He founded the Dangote Group, a cement manufacturer with a presence in 10 African countries. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAliko Dangote, 67, first appeared on Forbes' billionaires list in 2008, and he has been ranked Africa's richest person every year since. Dangote earned his billionaire status as the founder of the Dangote Group, Africa's largest cement producer with branches in 10 African countries.

Persons: Aliko Dangote, Bill Gates, —, Aliko, Dangote Organizations: Dangote, Service, Forbes, Business Locations: Africa, Nigeria

☆ I fly business class with my kids whenever I can. People can complain, but they belong there as much as anyone else.
▼ + stars: | 2024-09-18 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhen we had kids, everyone was like, "Oh, you're never going to be able to travel anymore now that you have kids." Children belong in business class like any other passenger who has paid to be thereWe've only flown business class when we have points to fly business class. Oftentimes, it's more comfortable for families to be in business class anyway. Thinking that adults own business class is not right.

Persons: —, Monet Hambrick, Monet, James Hambrick — Jordyn, Kennedy, I'm, I've, Hambrick, they've, You'll Organizations: Service, Business, University of Florida Locations: Jamaica, United States, Italy, Greece, America, Colombia

☆ Ukraine says it wiped a key Russian missile and artillery arsenal 'off the face of the earth' in long-range strikes
▼ + stars: | 2024-09-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkrainian forces used long-range drones to strike a key Russian ammunition depot overnight, destroying missiles, bombs, and artillery. The warehouse was "literally wiped off the face of the earth," the source said, according to a translation of their remarks. AdvertisementAn image of the Toropets facility on September 7. The facility after the Ukrainian attack on Wednesday. A former Ukrainian military officer who goes by the social media handle Tatarigami called the Toropets attack "a very significant achievement."

Persons: —, Russia's, Volodymyr Zelenskyy Organizations: Service, Security Service, Ukraine, Business, Arsenal GRAU, GRAU Arsenal, Defense Forces, Maxar Technologies, Technologies Locations: Toropets, Russia's, Tver, Moscow, Ukraine, Belarus, Tver Oblast, Russia, Ukrainian, Kyiv

☆ Best and worst things to order at a seafood restaurant, according to chefs
▼ + stars: | 2024-09-18 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: 1 min

Grilled mackerel is usually flavorful. Grilled mackerel is best paired with a simple side. unicorn12two/ShutterstockPrivate chef and caterer Priscilla Casey told Business Insider that she'd suggest ordering grilled mackerel. "Mackerel is an oily fish, so it binds with seasonings exceptionally well and is usually really flavorful," said Casey. She suggested pairing it with simple sides like potatoes, asparagus, and a slice of fresh lemon.

Persons: caterer Priscilla Casey, Casey Organizations: Business

☆ Making the Case for the Fed: Two Experts Weigh In
▼ + stars: | 2024-09-18 | 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 EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.

Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business

☆ Ukraine war analyst says Russia keeps surprising him with just how bad its soldiers are: 'The bar is very, very low'
▼ + stars: | 2024-09-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Read previewA Ukraine war analyst told Business Insider that while watching this conflict, Russia has continually surprised him with how poorly trained its soldiers are. AdvertisementCaptured Russian soldiers, war experts, Ukrainian troops, and Western intelligence have all pointed to Russian troops being poorly trained and treated as disposable throughout the war. Related storiesRussia's losses have risen recently as Russian troops continue to suffer from deficiencies in training. The UK Ministry of Defence said in July that more than 70,000 Russian troops were likely killed or wounded between May and June. It blamed "an effective Ukrainian defense and a lack of Russian training" as Russia fought in multiple sectors.

Persons: —, George Barros, it's, Barros, Vladimir Putin, Matthew Savill Organizations: Service, Business, Russia, Russian Army, Russian Defense Ministry Press Service, AP, UK Ministry of Defence, Royal United Services Institute Locations: Russia, Russian, US, Ukraine, Soviet, Soviet Union, Cuba, Kursk

☆ Russia is after more Iranian and North Korean missiles to help it tip the balance in Ukraine, experts say
▼ + stars: | 2024-09-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The visit came just days after Shoigu traveled to North Korea for talks with leader Kim Jong Un, and after he met Monday with Syrian leader Bashar Assad. This would mark an escalation in Iran's support for Russia, with the Islamic Republic previously sending aerial drones used by Russia to attack Ukrainian towns and infrastructure. AdvertisementIn recent months, North Korea has reportedly sent millions of shells to Russia, as well as ballistic missiles. UK Foreign Secretary David Lammy said last week that the delivery of Iranian missiles to Russia had changed the debate about Ukraine using Western long-range missiles to strike targets deep inside Russia. Russia is currently making incremental but important advances in its campaign to seize more territory in eastern Ukraine, while Ukraine has occupied parts of Russia's Kursk province, after a surprise attack last month.

Persons: —, Putin, Sergei Shoigu, Ali Akbar Ahmadian, Masoud Pezeshkian, Pezeshkian, Shoigu, Kim Jong Un, Bashar Assad, State Anthony Blinken, Kyrylo Budanov, David Lammy, Keir Starmer, Joe Biden Organizations: Service, Iran's Supreme National Security, Business, Institute for, State, Russia, Islamic Locations: Iran, Ukraine, North Korea, Russia, US, China, Syria, Islamic Republic, Russia's Kursk

☆ The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn't discussed during the debate
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.

Persons: —, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas

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