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☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

Do vibration plates have health benefits? Although vibration plates are safe for most people, ultimately, Johnson says, “when we make changes, we tell people to listen to their body.”Deja Mason of Roanoke, Virginia, said she first heard about vibration plates on TikTok. As vibration plates experience a resurgence, some hear echoes of past fitness fads. “Trends come and go,” she said, pointing to other trends that displaced vibration plates, like group fitness and CrossFit. But just as vibrating plates shake users up and down in quick succession, trends too are always oscillating.

Persons: ”, Jörn Rittweger, Rittweger, “, that’s, There’s “, Håkan, Peter W, Johnson, ” Johnson, Lifepro, Deja Mason, ” Mason, Natalia Mehlman Petrzela, ” Petrzela Organizations: German Aerospace Center, University of Cologne, Lund University Cancer Centre, International Society of Lymphology, School of Public Health, University of Washington, New School Locations: TikTok, Germany, Sweden, Roanoke , Virginia, New York City

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ 'Hellboy: The Crooked Man' has a gross transformation scene. It took 'a lot of rubber and a lot of lube' to make it work, the director said.
▼ + stars: | 2024-09-27 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

"Hellboy: The Crooked Man" is the character's latest reboot. Director Brian Taylor told Business Insider the scene needed "a lot of rubber and a lot of lube." Director Brian Taylor told Business Insider that he used "a lot of rubber and a lot of lube" to get it right. AdvertisementInstead, "Hellboy: The Crooked Man" takes a welcome, back-to-basics approach and leans closer to the horror genre than action and fantasy. Icon Film Distribution presents "Hellboy: The Crooked Man" in UK cinemas from 27 September.

Persons: Brian Taylor, —, Mike Mignola, Richard Corben, Jack Kesy, Martin Bassindale, Hellboy, David Harbour, Cora Fisher, Hannah Margetson, Fisher, Clive Barker, Taylor, Margetson Organizations: Business, Service, Millennium Media, Office

Does this style look like anything you’ve seen before? That’s what’s happening in this Japanese woodblock print — only it’s Tokyo (then called Edo), the year is 1857, and we’re crossing the Sumida River. This summer scene, titled “Great Bridge: Sudden Rain at Atake,” is one in a series of at least 118 different views Hiroshige created about life in 19th-century Edo across the seasons. In fall:In winter:In spring:And of course, there’s the summer rain you spent some time with. Ms. May recently curated a show of Japanese prints at the museum.

Persons: you’ve, Utagawa Hiroshige, You’re, Hiroshige, May, ” Ms, Ms, Vincent van Gogh, Theo, Vincent, Van Gogh, ”, Nienke Bakker, van Gogh, Bakker, James McNeill Whistler, Alfred Barr, Tetsuya Noda, — Organizations: Carnegie Museum of Art, Fuji, Smithsonian, Van, Museum of Modern, ” Locations: Japan, ”, Tokyo, Edo, Japanese, Atake, Pittsburgh, Paris, Van Gogh, Amsterdam

For decades, Sean “Diddy” Combs presented the image of a wealthy, Black music mogul, one who broke business barriers, threw lavish parties and even created iconic TV moments. But behind the scenes, prosecutors say, was a more sinister picture, with allegations of violence, sex trafficking and severe abuses of power. Sean "Diddy" Combs during a photo shoot to promote a Sean John fragrance in 2016. Casandra Ventura and Sean "Diddy" Combs attend the the Met Gala in New York City on May 7, 2018. Designer Donna Karan, musician Tommy Lee, singer Mariah Carey, host Sean "Diddy" Combs, Star Jones and rapper Reverend Run at "The Real White Party" presented by Combs at his East Hampton, N.Y., estate on Sept. 2, 2007.

Persons: Sean “ Diddy ” Combs, Combs, Tupac, Al Yankovich, Jennifer Lopez, Versace, “, Sean, Diddy, Sean John, Damian Williams, ” Fatima Goss Graves, ” “ Combs, ”, Goss Graves, ” Combs, Casandra, Cassie ” Ventura, Ventura, Dawn Richard, Rodney “, Rod ” Jones, Derrick Lee Cardello, Smith, Casandra Ventura, John Shearer, Oronike Odeleye, Kelly, Odeleye, ’ ” Odeleye, Combs ’, Craig Mack, Faith Evans, ” Richard, Nate Dogg, Snoop Dogg, Sean Combs, Forbes, Laurieann Gibson, ’, Paris Hilton, Leonardo DiCaprio, Mariah Carey, Jay, Oprah, ” Carson, Carson, Black, Donna Karan, Tommy Lee, Star Jones, Bryan Bedder, he’s, Mase, Aubrey O’Day, Danity Kane, O’Day, I’ve Organizations: Bad Boy Records, Penske Media, Getty, U.S, Metropolitan Detention, National Women’s Law, Legal Defense Fund, Hollywood, “, Uptown Records, Bad Boy Entertainment, MTV, University of Virginia, Labor, Paris, White Party, White, Bad, TMZ Locations: New York, Michigan, New York City, Carson, East Hampton, N.Y

☆ NFL offenses aren’t scoring as much. Nobody knows the exact reason why.
▼ + stars: | 2024-09-20 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Overall, NFL teams are currently averaging 21.4 points per game, the fifth straight year the scoring average has decreased, and the lowest points per game total since 2006. Last season, Miami Dolphins quarterback Tua Tagovailoa led the NFL with 4,624 yards, the lowest total for a passing yards leader since 2017. There are several theories as to why the passing game has been muted and scoring numbers have decreased. But it’s not only that teams are playing more Cover 2, the problem may also be that modern NFL teams are worse at attacking what is not a novel concept. Obviously, there is far from any consensus on why exactly NFL offenses have slowed down.

Persons: Aaron Rodgers, Rodgers, Tua Tagovailoa, Nate Tice —, —, ESPN’s Bill Barnwell, ESPN’s Mina Kimes, it’s, Jared Dubin Organizations: New York Jets, Jets, New England Patriots, Green Bay Packers, NFL, Miami Dolphins, Yahoo, CBS, Patriots

☆ 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

☆ 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

☆ In a first for $21 billion Balyasny, a star PM will start building his own internal equities unit this month
▼ + stars: | 2024-09-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.

Persons: —, Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E

☆ Stonehenge’s Altar Stone: Research rules out Scottish site as source
▼ + stars: | 2024-09-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

That research, published in the journal Nature, overturned a century-old idea that the stone came from current-day Wales. The Altar Stone, the largest of the bluestones used to build Stonehenge, lies at the heart of the ancient monument in southern England. “The Altar Stone is anomalous in many ways to both the bluestones and the sarsens at Stonehenge,” Bevins said. But discovering that Wales was unlikely to be the origin site for the Altar Stone was a game changer, Bevins said. The researchers compared their findings with samples from the Altar Stone and found no mineralogical connection between the rocks.

Persons: Nick Pearce, ”, Richard Bevins, ” Piecing, ” Bevins, Bevins, Paul Williams, Stenness, T Schaeffer, “ Organizations: CNN, Archaeological Science, Aberystwyth University “, UK’s Aberystwyth University, Aberystwyth University Locations: Scotland, Wales, Orkney, England, Orkney’s, Aberystwyth, Wiltshire, Salisbury, Woods, Marlborough, Preseli, British, Orkney's, Shetland, Caithness, Sutherland, Inverness, Aberdeenshire, Britain

☆ Every 'Hellboy' movie ranked from worst to best, including 'Hellboy: The Crooked Man'
▼ + stars: | 2024-09-12 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

All four "Hellboy" movies are based on the Dark Horse Comics character by Mike Mignola. Here are all the "Hellboy" movies ranked, including 2024's "Hellboy: The Crooked Man." AdvertisementMillennium Media and Dark Horse Comics are taking a second stab at rebooting the "Hellboy" franchise with 2024's "Hellboy: The Crooked Man." The new film, adapted from the Dark Horse Comics storyline of the same name, stars Jack Kesy as the titular demonic detective. The titular character, played by Kesy, meets a vicious spirit called (you guessed it) the "Crooked Man, played by Martin Bassindale, and the community of witches who follow him.

Persons: Mike Mignola, Ron Perlman, David Harbour, Jack Kesy, —, He's, Martin Bassindale Organizations: Horse, Service, Comics, Kesy, Business

☆ $11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.
▼ + stars: | 2024-09-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Multi-strategy hedge funds, led by Citadel, Millennium, and Point72, had churned out returns in turbulent markets with limited volatility. In that environment, even the multi-strategy funds not among the sector's top tier were able to demand long lock-ups and high fees. Bobby Jain's new fund launched with $5.3 billion in July after there were whispers of him raising $10 billion six months prior.

Persons: —, Michael Gelband, Goldman Sachs, Bobby Jain's, Doug Haynes, Justin Young Organizations: Service, Citadel, Tiger, Business, Millennium, Street, FT, Bloomberg, of Texas, Treasury, Multilateral Endowment Management Company, Oklahoma State Foundation, LinkedIn

☆ How Wall Street Giants Made Billions Preying on College Students
▼ + stars: | 2024-09-10 | by ( Ryann Liebenthal | ) www.businessinsider.com time to read: +13 min

In 1970 there had been only 18,333 students enrolled at degree-granting for-profit schools, less than a quarter of a percent of the total number of college students. In 2010, Tom Harkin, chair of the Senate's education committee, began a two-year investigation into for-profit schools. But even more shocking, federal money flowing to for-profit schools accounted for 25% of all federal student aid and 47% of eventual loan defaults. Students' money enriched every corner of the for-profit industry except one: quality of instruction. In fact, these for-profit students were actually worse off than if they hadn't gone to school at all.

Persons: Kaplan, bankrolling, —, underperformers, Ashford, Warburg Pincus, Tom Harkin, Harkin, Goldman Sachs, Goldman, Pell Grant, Ryann Liebenthal Harper, Stephanie Riegg Cellini, Cellini, Ryann Liebenthal Organizations: University of, Apollo Group, ITT Tech, Fortune, Federal Family Education, Ashford, University, company's, Ashford University, Bridgepoint Education, New, Defense Department, Bloomberg, Camp Lejeune, Ryann Liebenthal Harper Collins Publishers, Books, HarperCollins Publishers Locations: California, New York City, Bridgepoint, Pell, Vietnam, Iraq, Camp, Oakland , California

☆ See inside the Brazilian C-390 Millennium that Boeing once wanted to buy but now doesn't have an answer to
▼ + stars: | 2024-09-08 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing once wanted to buy a stake in Embraer's C-390 Millennium military aircraft. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . AdvertisementBoeing doesn't have an answer to US aerospace company Lockheed Martin's C-130 Hercules military plane — but it used to.

Persons: —, Lockheed Martin's Organizations: Boeing, Embraer's, Service, Lockheed, Brazilian, Embraer, Business

☆ George Clooney is 'irritated' that Quentin Tarantino apparently claimed he isn't a movie star
▼ + stars: | 2024-08-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

Read previewGeorge Clooney is friends with his "Wolfs" costar Brad Pitt, but when it comes to Pitt's collaborator Quentin Tarantino, he's okay not playing nice. "He did some interview where he was naming movie stars, and he was talking about you, and somebody else, and then this guy goes, 'Well, what about George?' Related storiesTarantino has, however, criticized the lack of movie stars in this day and age more generally, particularly with the "Marvel-ization" of Hollywood. "But they're not movie stars. Tarantino has also praised Pitt as "one of the last remaining big-screen movie stars" in a 2022 interview with GQ.

Persons: —, George Clooney, Brad Pitt, Quentin Tarantino, Pitt, Clooney, Tarantino, Quentin, Robert Rodriguez, George, he's, America, Thor, Noah Baumbach, Adam Sandler, Laura Dern, Michael Clayton Organizations: Service, GQ, Business, Miramax, Marvel, Apple, Venice Film Locations: Tarantino's, Hollywood, Venice

☆ Fly like Iron Man. Join a battle in Wakanda. Here are the major theme park projects Disney has announced
▼ + stars: | 2024-08-11 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

Artist concept for an attraction at a new “Cars”-themed area coming to Frontierland at Disney’s Magic Kingdom. To mark the occasion, the company will create the first-ever audio-animatronic version of Walt Disney, with a level of complexity of technology that has yet to be seen in a Disney park. Across the esplanade at Disney California Adventure park, Avenger’s Campus will more than double in size, with construction beginning in 2025. Artist concept of Disney’s first theme park ride based on “Coco,” which breaks ground in 2026. In Paris, Disney’s first-ever theme park attraction based on “The Lion King” will be built at the renamed Disney Adventure World park.

Persons: Walt Disney, Josh D’Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Madrigal, Antonio, Indiana Jones, Indiana Jones ”, Disney’s Encanto, Disney Oscar, Ke Huy Quan, “ Indiana Jones, ”, D’Amaro, “ We’re, Lincoln ”, ” D’Amaro, “, Disney’s, King Thanos, “ Coco, What’s, King ”, Simba, Epic Games Disney, Doom, Megan Thomas Organizations: CA CNN, Disney, Honda Center, CNN, Walt Disney Parks and Resorts, Walt Disney, Magic, Disney Magic, Walt Disney World, Hollywood Studios, Inc, Monsters Inc, Tokyo Disney, Pueblo Esperanza, Indiana Jones, EPCOT, Disneyland, Opera House, Infinity Defense, Stark, Pandora, Disney Cruise, Disney Destiny, Disney Parks Shanghai, Hong Kong Disney, Marvel, Epic Games, Epic, Star Locations: Anaheim, CA, Anaheim , California, Florida, California, Star, Tokyo, Disney’s, “, Pueblo Esperanza, Disney, Imagineering, New York City, Disney California, Hong Kong, Shanghai, Tomorrowland, Paris, Fortnite, livestream

☆ Egypt’s first pyramid constructed using a hydraulic lift, study says
▼ + stars: | 2024-08-05 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Now, a team of engineers and geologists brings a new theory to the table — a hydraulic lift device that would have floated the heavy stones up through the middle of Egypt’s oldest pyramid using stored water. Water from ancient streams flowed into a system of trenches and tunnels that surrounded the Step Pyramid, according to the study team. The shaft within the Step Pyramid is connected to a 200-meter-long (656-foot-long) underground tunnel that connects to another vertical shaft outside the pyramid. Conversely, a moderate-sized hydraulic lift can raise 50 to 100 tons. “It doesn’t mean (the hydraulic lift device) wasn’t used,” she added.

Persons: Pharaoh Djoser, ”, Dr, Xavier Landreau, aren’t, David Jeffreys, Paleotechnic, Guillaume Piton, Judith Bunbury, rainier, Jeffreys, Fabian Welc, Stefan Wyszynski, Welc, ” Welc, King Djoser, Landreau, University of Cambridge geoarchaeologist, ” Bunbury Organizations: CNN, University College London, France’s National Research Institute for Agriculture, Food, Institute of Environmental Geosciences, University Grenoble Alpes, University of Cambridge, of Archaeology, Stefan Wyszynski University Locations: Egypt, Paris, London, Old, Old Kingdom, Kingdom, Moat, Warsaw, Poland, Saqqāra, Giza, University of Cambridge geoarchaeologist Bunbury

☆ How hedge funds are dealing with the global market meltdown
▼ + stars: | 2024-08-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The VIX, Wall Street's go-to snapshot of market volatility, is at its highest point since the onset of the pandemic. And hedge funds are sifting through the wreckage, with some looking to survive and others planning to pounce. In any market meltdown, there are clear winners and losers given the strategies and positioning of different firms. The yen carry trade has also likely wrong-footed many macro funds, several industry veterans said. It also slowed dealmaking, annoying private equity investors whose capital was tied up in older vintage funds.

Persons: —, Wall Street's, there's, allocators, Harvey Schwartz, Carlyle Organizations: Service, Business, Citadel, Eisler Capital, Universa Investments Locations: Europe, Asia, New York, London

☆ Our bend-don't-break economy is reaching its limit
▼ + stars: | 2024-08-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, interest-rate cuts are almost certainly coming, but the relief won't be felt immediately . The big storyCrash landingKevin Dietsch/Getty, Tyler Le/BIOur bend-don't-break economy might finally have reached its limit. After a year of resiliency in the face of high interest rates, the cracks are showing in the US economy. But it's not a silver bullet, and the rate cut's effect will take time to make its way through the economy.

Persons: —, Kevin Dietsch, Tyler Le, it's, Chelsea Jia Feng, Claudia Sahm, Madison Hoff, McDonald's, Jared Siskin, Bobby, Jordan Grumet, Justin Best, Brian Stauffer, Michal Kosinski, Rob Price, sompong, Seng kui Lim, Getty, Joe Biden's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Relief, Getty, Fed, Amazon, Big Tech, Madison, Park Conservancy, Citadel, FIRE, Union Square Advisors, Nvidia, America Locations: resiliency, Central, Switzerland, Canada, Park, Paris, New York, London

☆ Noah Lyles wins men’s 100m Olympic gold in photo finish, cashes in on his own hype
▼ + stars: | 2024-08-04 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +3 min

In a most epic final, certainly, among the deepest in Olympic history, Lyles won in a photo finish. His time of 9.784 seconds in the men’s 100-meter dash was his personal best and gave the United States its first gold in 20 years. Phase 1 of Lyles’ grand plan to win Olympic gold in the 100 and 200 is complete. He’s the best in the world at it and has been for this entire Olympic cycle. Lyles finished seventh in the 100-meter final at the 2021 U.S. Olympic trials, failing to qualify for the Tokyo Games in the discipline.

Persons: DENIS, France, Noah, ’, Lyles, Kishane Thompson, Justin Gatlin, Maurice Green, Carl Lewis, Thompson, Fred Kerley, Lewis, Michael Johnson, Wang Zhao, Louie Hinchliffe, Lance Brauman, Marlo, Cameron Spencer Organizations: Seville, United, Getty, Netflix, Tokyo Games Locations: Athens, Paris, Seville, Lyles, United States, American, Atlanta, AFP

Pitching the C-390 in the USA C-390 aircraft flies during an air show. Pete Syme/Business InsiderWhile there haven't been any public negotiations by the Pentagon to add any C-390s to its fleet, Embraer has made moves to pitch the plane to the US market. In an inaugural visit earlier this year, the Brazilian defense firm showcased the C-390 at its facilities in Melbourne, Florida, to "an important and diverse audience," the company said in a March statement. According to a press release, the event hosted a "diverse guest list of government authorities, military officials, prospects, and partners" and featured the A-29 Super Tucano, a turboprop light attack aircraft flown by some South American militaries. The Embraer president da Costa Jr. said the A-29 was built "just hours away in Jacksonville, Florida," hinting that the C-390 could be manufactured in the US as well — a common requirement for foreign aircraft operated by the US military.

Persons: Pete Syme, da Costa Jr Organizations: Pentagon, Embraer Locations: Melbourne , Florida, Jacksonville , Florida, Florida

☆ Jain Global ends its first month of trading slightly down as Citadel, Millennium eke out small gains
▼ + stars: | 2024-08-02 | by ( Bradley Saacks | Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Big hedge funds like Millennnium and Citadel continued to eke out small gains in July. Bobby Jain's new fund, which started trading last month, fell slightly. AdvertisementBobby Jain's new hedge fund fell slightly in its first month of trading amid a disappointing month for the larger stock market. Jain Global, which started trading on July 1 with $5.3 billion in commitments, ended the month down roughly 0.65%, according to people with knowledge of the firm's results. Rival multistrategy funds like Ken Griffin's Citadel and Izzy Englander's Millennium Management eked out small gains in what was largely lackluster month for stocks.

Persons: Bobby Jain's, —, Ken Griffin's, Izzy Englander's Organizations: Citadel, Service, Jain, Management, Business

☆ Here's what usually happens to stocks when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Any September decision to lower the Fed's target range would be the first time interest rates have fallen since the hiking cycle began in March 2022. However, stocks fell soon after the rate cut in 2001 and 2007 by 13.5% and 20.6%, respectively, due to the dotcom crash and the global financial crisis. The current tightening episode is the seventh in the past 40 years. Historically, the Fed has cut rates because the U.S. economy was heading into a recession or experiencing a notable growth slowdown. While nominal rates peaked at 11.5% at the end of the 1983-84 episode, the current target range of 5.25%-5.50% is the highest this millennium.

Persons: Kevin Kliesen, Louis Organizations: CNBC, CNBC Pro, Federal Reserve, Federal Reserve Bank of St Locations: U.S

☆ I've been to 48 states, but there's one US city I want to visit every summer
▼ + stars: | 2024-07-25 | by ( Latifah Al-Hazza | ) www.businessinsider.com time to read: +6 min

After visiting 48 of the 50 US states, Chicago is my favorite place to be in the summer. Here's why I love Chicago summers. Latifah Al-HazzaThe city prides itself on being home to over 20 Michelin-starred restaurants and having a diverse food culture. The city's public Divvy bikes are easy to rent and a great way to see the city in the summer. The event offers incredible city views and access to the indoor aquarium, providing a cool respite from the heat.

Persons: —, Latifah Al, Chiya Chai, Café Tola, Lou Malnati's, Diego, Jackson, Ping, Fulton Organizations: Service, Windy City, Business, Chicago Architecture, Chicago Riverwalk, Michelin, Café Tola, Indienne, Chicago café, Hazza, Art Institute of Chicago, Field Museum, Museum of Science, Industry, Chicago World's Fair, Art, Logan Square Arts, Pitchfork, Chicago Blues Festival, Lakeview Taco Fest, NASCAR, Chicago Air, Water, Chicago Locations: Chicago, Café, Lake Michigan, Beach, Ping Tom, Windy City Smokeout, Lakeview, Sueños

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