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☆ WorldQuant is launching its global investing competition. It's another example of hedge funds getting creative in the hunt for talent.
▼ + stars: | 2024-03-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Where the Connecticut-based manager sets itself a part from peers and rivals is with its talent strategy. "Talent is global, opportunity is not," the website states. In this three-stage competition, students and academics from around the world can submit math models predicting market moves for a chance to win a piece of the $400,000 prize pool. Out of those 60,000, 4,000 have received part-time contracts from WorldQuant and have been given access to even more data and tools. For Tulchinsky, born in Soviet-era Belarus, the competition and the BRAIN platform are a chance to see the best work from untraditional places.

Persons: WorldQuant, Igor Tulchinsky, — Nihar Patel, Vaibhav Gupta, — Patel, Gupta Organizations: Service, Business, Indian Institute of Technology, Ivy League Locations: Connecticut, Singapore, Indian Institute of Technology Delhi, Bahamas, WorldQuant, Belarus

☆ 25-year-old earns $11,000 a month while training for the Olympic trials: With a 'non-revenue generating sport, you have to get creative'
▼ + stars: | 2024-03-14 | by ( Annie Probert Zachary Green | Annie Probert | Zachary Green | ) www.cnbc.com time to read: +11 min

Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.

Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax

☆ This TikTok influencer is quitting to work 9-to-5, and expects to earn less
▼ + stars: | 2024-03-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

TikTok influencer Ana Wolfermann is quitting to find a 9-to-5 job. Being a TikTok star has its disadvantages, including success hinging on consistent popularity. AdvertisementBut being a TikTok star has disadvantages, including inconsistent pay and success hinging on consistent popularity. Fitness influencer Taylor Olsen told BI she got a corporate job in 2023 because she was almost canceled on TikTok. She explained that a fellow creator who met her said online that she had "mean girl" vibes, which lost her roughly 100,000 TikTok followers and 40,000 Instagram followers.

Persons: TikTok, Ana Wolfermann, —, Wolfermann, Fortune, she's, You'll, influencer Taylor Olsen, Olsen Organizations: Service Locations: TikTok

☆ Meet an 'airline nepo baby' — he's flown for free since birth, gets upgraded to business class, and books last-minute trips to Tokyo and Sydney
▼ + stars: | 2024-03-13 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Crawford has booked cheap last-minute vacations to Sydney and Paris, thanks to his status as an "airline nepo baby." Perks extend to business-class upgradesPaying almost nothing to fly isn't the only benefit Crawford gets as an airline nepo baby. Given how long his father has worked for United, Crawford said he's also a high priority when free upgrades to business class are available. AdvertisementOn some occasions, Crawford has received free upgrades to United Airlines Polaris business class cabin. As a recent college grad, he said he couldn't afford to fly business class otherwise.

Persons: —, Joshua Crawford, Crawford, Joshua Crawford Crawford, doesn't, he's, you've Organizations: Service, United Airlines, Business, Google, United, Polaris, United Airlines Polaris Locations: LA, Tokyo, Coachella, California, Los Angeles, Springs, New Jersey, Sydney, Paris, New York, Denver, United, Japan, Australia, Europe

☆ Ukraine has been a disaster for Russia's troubled army, but the deadlock is shifting things in Moscow's favor, US intelligence says
▼ + stars: | 2024-03-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia's military has suffered serious damage in the Ukraine war, but after more than two years of hard fighting, the deadlock on the battlefield is shifting the momentum in Moscow's favor, according to a newly released US intelligence assessment. This figure, which is based on information available as of late-January, is much lower than more recent Western estimates. "Nonetheless, this deadlock plays to Russia's strategic military advantages and is increasingly shifting the momentum in Moscow's favor," the report continued. AdvertisementA destroyed Russian tank is seen as Ukrainian serviceman rides a tractor and tows a Russian military vehicle near the village of Dolyna in Ukraine's Kharkiv region in September 2023.

Persons: —, Vladimir Putin, Jose Colon, There's, Gleb Garanich, Diego Herrera Carcedo, Russia's Organizations: Service, Russia, Business, Anadolu, Getty, Russian, intel, REUTERS, Bakhmut, White Locations: Ukraine, Kyiv, Russia, Moscow, Dolyna, Ukraine's Kharkiv, Ukrainian, Avdiivka, Bakhmut, Anadolu, United States

☆ I'm close with my aunt, even though she and my mom are estranged. Our relationship has taught me about all 3 of us.
▼ + stars: | 2024-03-09 | by ( Jacqueline Lekachman | ) www.businessinsider.com time to read: +4 min

My mom and my aunt are estranged, but I've been close with my aunt since I was young. That year my aunt and I decided to start writing letters since I didn't have my own phone. I've never known exactly why my mom and aunt don't talkWhen I asked my mom why we didn't see her, she'd vaguely reply, "She was always kind of mean to me," or, "We just don't." As my aunt and I began to speak more, I gathered breadcrumbs of what happened between her and my mom. After graduating from Catholic school, my mom abandoned religion, yet my aunt consistently attends church.

Persons: I've, —, Allie Finkle's, who's, Zer, declutters, they've, I'd Organizations: Service, Scouts, Catholic, Trump Locations: Lake Michigan, Florida, Wisconsin

☆ What dream job? Gen Z and millennials are being forced to confront a difficult job market.
▼ + stars: | 2024-03-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

The unemployment rate rose to 3.9% last month, the highest level in two years. AdvertisementGen Z and millennials entering the job market or in the early stages of their careers are facing a much tougher job market than in recent years, and many are adjusting their expectations for a dream career as the hiring landscape worsens. Despair about the ailing job market looks most acute among recent graduates, or students quickly approaching their graduation dates. AdvertisementOnly 44% of workers under 30 said they were "very satisfied" with their job, according to a 2023 Pew Research study. The job market boomed during the pandemic, with the unemployment rate going from 6.4% at the beginning of 2021 to 3.5% at the end of 2022.

Persons: Z, —, Gen Zers, Harry Holzer, Natasha Bernfeld, Bernfeld, Larry Jackson, he's, they've, Jackson, Emily Bianchi, Bianchi, it's, Georgetown's Holzer, It's, Dua Organizations: Service, Federal Reserve, Challenger, McKinsey & Company, Labor Department, UC Berkeley's, Pew, Emory University Locations: Georgetown, New York, Dua

☆ 3 reasons why being jealous of a friend can be good for you, depending on how you deal with it
▼ + stars: | 2024-03-07 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Jealousy in friendship is a taboo and often a sign of being a bad friend. AdvertisementWhen it comes to relationships, being clearly jealous of a friend is considered one of the worst offenses. AdvertisementShe shared three ways to use friendship jealousy to your advantage. In your teens and 20s, you might feel jealous of a friend's relationship or feel competitive over college admissions. Knowing exactly why you feel you're "behind" is the first step in actually dealing with those feelings.

Persons: —, Jill Weber, Weber, you've, person's, haven't Organizations: Service Locations: Washington ,

Today, Celeste reads a “Modern Love” essay about exactly that bond, a mother trying desperately to reach her child. Why do you think you’re so drawn to tiny things? If you’re going to make something in miniature, you have to spend a lot of time really looking at it. Because, OK, Betsey’s daughter spray paints, “Too many bushes, not enough trees,” and you’re going around putting, honestly, beautiful lines of T.S. So there is something about that language that even if you think you’re rational, it’s getting to you somehow.

Persons: anna martin, ” I’m Anna Martin, you’re, Celeste Ng, Celeste, they’re, ” celeste, anna martin So, celeste ng, anna martin Tell, I’ve, I’m, celeste, anna martin Well, It’s, ”, Betsy MacWhinney, George W, Bush, Marissa, strode, “, Wendell Berry’s “, Mary Oliver, Oliver, Berry, Marissa didn’t, I’d, wouldn’t, anna martin Isn’t, Betsy, She’s, anna martin Really, anna martin Celeste, Eliot, you’ve, ” anna martin, celeste ng I’m, anna martin Talking, she’s, anna martin Wow, anna martin I, didn’t, who’s, anna martin Betsy, Wendell Berry, what’s, —, anna martin I’m, we’ve, He’s, anna martin He’d, Anna, Brittany Howard, brittany howard Love Organizations: The New York Times, eBay, Farmer, NASA Locations: manila, Sierra Leone, T.S, Hong Kong, There’s

☆ Before 'Barbie', Oscar nominee Greta Gerwig was rejected by every writing program she applied to
▼ + stars: | 2024-03-06 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

The 40-year-old multihyphenate has been nominated for four Academy Awards, once for directing "Lady Bird" and three times for her writing. "I got rejected from every graduate school I applied to," she once said in an appearance on the "Employee of the Month" podcast. The challenge of breaking into the industry also had another side effect: for years, Gerwig was hesitant to negotiate her salary. In a 2020 interview with CNBC Make It, she said she worried about asking "for too much." Regardless of whether she takes home a statuette for "Barbie", Gerwig isn't facing much rejection these days.

Persons: Greta Gerwig, Barbie, Frances Ha, Joe Swanberg's, Hanna, Gerwig, didn't Organizations: Yale, Juilliard, NYU, CNBC, Netflix Locations: Hollywood

☆ I retired from Amazon at 34 and chose to settle in Canada, where I only need $1,000 a month to live well
▼ + stars: | 2024-03-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

He saved a lot of his paycheck and earned relocation bonuses for moving from city to city in the US. Lukin has moved to Quebec City, where his rent is about $500 a month and he can afford to go out. Basically, you don't necessarily have to be broke or be "frupid" — when you make stupid decisions just to save money and it backfires. I visited Quebec City to do some apartment hunting and just absolutely fell in love. When my lease in Toronto ended in September 2021, I packed everything up into a U-Haul trailer, sold my car, and moved to Quebec City.

Persons: Grigory Lukin, Lukin, —, It's, Tim Ferriss, Kia, it's Organizations: Quebec City, Service, FIRE, Amazon, Brexit — Locations: Quebec, Russia, Seattle, Lukin, California, Reno, Las Vegas, Fort Worth and Tampa, Fort Worth, Tampa, Brexit, Brexit — Poland, Canada, Australia, Toronto, Quebec City, United States, British Columbia

☆ I loved my name — until Amazon ruined it
▼ + stars: | 2024-03-04 | by ( Alexa Nizam | ) www.businessinsider.com time to read: +3 min

That's until Amazon created Alexa, the ubiquitous little device that took the world by storm in 2015. That cultural moment was the peak of my torment: I couldn't introduce myself to anyone without having a dreaded Amazon moment. In almost every meeting, there would be a one-minute distraction for us to listen to Alexa say, "I'm sorry, I'm having trouble understanding right now…" while everyone snickered to themselves and waited for her to finish. If anything, being able to say "Alexa, like the Amazon robot" makes it more memorable when I meet new people. The most ironic part is that the Amazon device can actually be named something else.

Persons: Rebecca, I've, I'm, snickered, It's, Alexis, Alexia, Alex, Amazon, Apple, Siri Organizations: Service, Amazon, Business, Alexa, Google Locations: Texas, Los Angeles, Cali

A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme he ran, New York Attorney General Letitia James said Thursday. Artamonov allegedly lured at least 29 investors into the scheme, most of whom he met through his connections to the elite college, the attorney general said. "Vladimir Artamonov used his alumnus status from Harvard Business School to prey on his classmates and others while seeming legitimate and dependable. Harvard Business School did not immediately respond to a request for comment.

Persons: Letitia James, James, Vladimir Artamonov, Berkshire Hathaway, Artamonov, Artamonov's, fraudsters Organizations: Baker Library, Bloomberg Center, Harvard Business School, New York, Finance Locations: Allston , MA, Berkshire, Manhattan

☆ Opinion | Shining a Light on Long Covid, a ‘Vicious Affliction’
▼ + stars: | 2024-02-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Could Long Covid Be the Senate’s Bipartisan Cause?,” by Zeynep Tufekci (column, Feb. 20):Like one of the people you interviewed, I, too, was an “Energizer bunny” before I contracted Covid. However, two active Covid infections within three months — in June and August of 2022 — left me virtually bedridden with long Covid for 18 months. To add insult to injury, there are too many dismissive doctors who treat long Covid in an ineffective manner and believe that long Covid is largely a psychological issue. We need strong, consistent funding and relentless, targeted research to identify effective diagnostic testing and successful therapies. We need to require insurance companies to fund experimental or off-label usage of pharmaceuticals and nutraceuticals (food products with health benefits).

Persons: Long, Zeynep Tufekci, Covid, —

☆ Early recruitment for investment-banking internships left students scrambling this year. Here are 15 ways to get ahead of the ultra-competitive process.
▼ + stars: | 2024-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +22 min

But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.

Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, ”, —, they’re, it’s, you’ll, “, ’ inboxes, You’ll, ‘, ’, Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, “, Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: “, New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York

☆ College was too stressful and expensive for me. But I loved grad school because it was free and incredibly fulfilling.
▼ + stars: | 2024-02-22 | by ( Vanessa Ogle | ) www.businessinsider.com time to read: +4 min

Because of my less-than-stellar college experience, I wasn’t expecting much from graduate school, which I attended about five years after receiving my Bachelor’s degree. But I found that graduate school was incredibly fulfilling. My graduate school program also allowed me to teach a college course to undergraduate students. AdvertisementWhile college had me burning the candle at both ends, graduate school allowed me to be more intentional with my time. Graduate school ended up being better than I could have imagined because of various unexpected pluses, and I’ll always think fondly of that period.

Persons: —, I’ll Organizations: Grad, Service

Kyiv, Ukraine CNN —The small group of women thought about canceling their protest when the sirens went off. A short distance away from where the women were standing, lawmakers debated reforms to Ukraine’s mobilization rules, inside Kyiv’s heavily protected parliament building. Antonina and her son Sasha, 3, take part in a protest in Kyiv, Ukraine, calling for soldiers' mobilization to have a time limit. “The time has come to take back what is ours,” said one highly produced video, published on the Telegram channel of then commander-in-chief of Ukraine’s Armed Forces, Valerii Zaluzhnyi. “The bureaucratic apparatus of the armed forces is a bit inflated.

Persons: Antonina, Sasha, “, doesn’t, ” Antonina, Antonina’s, Daria Tarasova, ”, Valerii, Mac ”, Mykola, Yurii, Ukraine’s, Diego Herrera Carcedo, Andriy Demchenko, Demchenko, Volodymyr Zelensky, Zaluzhnyi, Zelensky, ” Zaluzhnyi, Andriy Zagorodnyuk, Oleksandr Syrskyi, CNN’s Christiane Amanpour, Gen, Volodymyr Zelenskiy, Sysrkyi, Genya Savilov, ” Tymofiy Mylovanov, Mylovanov, “ It’s Organizations: Ukraine CNN, Kyiv, CNN, Telegram, Ukraine’s Armed Forces, 92nd Assault Brigade, Territorial Defense Force, Publishing, Getty, State Border Service of Ukraine, Facebook, Former, Publicly, Munich, Ukrainian Armed Forces, Presidential Press Service, Reuters, President’s, Air Assault Forces, Kyiv School of Economics Locations: Kyiv, Ukraine, Bakhmut, Russia, London, Ivano, Frankivsk, Ukrainian, Donetsk Oblast, Anadolu, Hungary, AFP, Avdiivka

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ Russia's air force took control of the skies before seizing victory in a front-line fight, and it could be 'devastating' for Ukraine if it continues, war experts say
▼ + stars: | 2024-02-20 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +8 min

And if it continues or expands, a real possibility as Ukrainian air defenses are under significant stress, it could be "devastating," war experts said. Confirming its retreat from the area, Ukraine said it was saving troops from being fully surrounded by Russian troops. This activity appears to indicate the employment of a combined arms tactic involving having air forces support maneuver elements on the ground. Ukraine's air defenses have largely denied Russia air superiority, preventing its jets and aircraft from conducting significant air campaigns since the beginning of the war. Even "recurring temporary localized and limited Russian air superiority," ISW explained in a recent update, "would likely allow Russian forces to more aggressively pursue operational advances along the frontline."

Persons: —, Vladimir Putin's, George Barros, Barros, Vlada, hasn't, ISW, Kostiantyn, Avdiivka, it's, John Kirby, Kirby, It's, Putin Organizations: Service, Bakhmut, The Institute, Washington DC, Institute for, Armored Infantry, National Security, Chemical Plant, Ukraine Locations: Russian, Russia, Avdiivka, Ukrainian, Donetsk, Moscow, Ukraine, Washington, Avdiivka district, Luhansk, Lastochkino, MLRS

☆ The Death of Snow in America; Winters Are Getting Permanently Warmer
▼ + stars: | 2024-02-19 | by ( Alexandria Herr | ) www.businessinsider.com time to read: +13 min

These bands of snow just completely have missed Hayward," Shawn Connelly, the Birkebeiner Ski Foundation's marketing and communications director, said. The climate crisis is altering our winters forever — making them warmer, shorter, and less predictable. "I could not have envisioned a scenario where we could not make snow or we had no snow in January. Peter McClellandWith warmer weather eating into the peak of the season, it's getting harder and harder to sustain a winter-based business. If we get low snow, we're going to find that snow and use it as best we can to get out there."

Persons: Jocie Nelson, Nelson, Hayward, Shawn Connelly, Alexander Gottlieb, Justin Mankin, Snowpack, Gottlieb, we're, Claire Wilson, couldn't, Wilson, It's, Peter McClelland, McClelland, we've, Glenn Albrecht, —, Alexander Lee, it's, Kate Nordstrum, Nordstrum, Connelly, Alexandria Herr Organizations: Office, Northern, Nelson, Loppet Foundation, Alaska Pacific University, Loppet Locations: Minnesota, Hayward , Wisconsin, Midwest, Minneapolis, Minnesota's, Southwest, New York City, Great, Alexandria, Brooklyn

☆ I'm a tech worker who got laid off twice in a year. I've made good money — but I'm paranoid it will happen again.
▼ + stars: | 2024-02-16 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

AdvertisementThis as-told-to essay is based on a transcribed conversation with Amber Smith, a 27-year-old from Des Moines, Iowa, about getting laid off from two tech job in her 20s. I’ve been laid off in the tech industry twice. I've learned a lot, gained a lot of experience, and made some good money , but I don’t know if I would work in tech forever. Smith started working for a company that did lighting for smart buildings in June 2021. I tried to create a ticket with the tech team but that didn’t work either.

Persons: Amber Smith, she's, —, I’ve, I've, Smith, I’d, Slack, I’m Organizations: Service, eBay, LinkedIn Locations: Des Moines , Iowa, Europe

☆ Stanley Druckenmiller exits Alphabet, keeps winning AI plays Nvidia and Microsoft
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller dumped his stake in Google's Alphabet entirely last quarter, while keeping his high-conviction bets on artificial intelligence through Microsoft and Nvidia . Druckenmiller's Duquesne Family Office sold $112 million worth of Alphabet shares last quarter, according to a regulatory filing. His firm briefly held Alphabet in the first quarter of 2023, sold it the next quarter and entered the stock again in the third quarter. He said he has been betting on the space through two stocks — Microsoft and Nvidia. But Druckenmiller, a Bowdoin College grad, bought call options on Nvidia with a notional value of $242 million last quarter.

Persons: Stanley Druckenmiller, Druckenmiller, George Soros, Soros, Tempur Sealy Organizations: Microsoft, Nvidia, Druckenmiller's Duquesne Family, Bowdoin College grad, Sohn Investment, Quantum Fund, Duquesne Capital Management, Arista Networks, Woodward, Flex Ltd, Barrick Gold, Marvell Technology

☆ David Tepper's Appaloosa cut exposure to several semiconductor stocks, but bought into one well-known ETF
▼ + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Tepper's Appaloosa Management trimmed positions in multiple semiconductor stocks during the fourth quarter, while buying into a closely-watched technology exchange-traded fund. Tepper cut back exposure to Advanced Micro Devices , Intel , Lam Research , Micron , Nvidia and Taiwan Semiconductor in the latest quarter, regulatory fillings show. Taiwan Semiconductor saw the largest sale on a percentage basis, with the Carolina Panthers football team owner approximately halving his stake. Elsewhere in technology, Tepper built an initial stake in Oracle , while adding to Microsoft and Amazon . Microsoft and Amazon are now the second and third largest positions.

Persons: David Tepper's, Tepper, ARKK, Cathy Wood's Organizations: Devices, Intel, Lam Research, Micron, Nvidia, Taiwan Semiconductor, VanEck Semiconductor, Carolina Panthers football, Qualcomm, AMD, Pittsburgh, Innovation, Oracle, Microsoft, Amazon . Holdings, Meta, United Parcel Service, HCA Healthcare, General Motors, FMC, Pitt, Carnegie Mellon, Arista Networks, PDD Holdings, Uber Locations: Lam, Caesars, Alibaba

☆ Baupost's Seth Klarman dumps Coinbase and other stocks in the fourth quarter
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Baupost's Seth Klarman dumped several stocks in the fourth quarter, while trimming some of his biggest holdings, including Google and YouTube owner Alphabet , according to a new regulatory filing. The hedge fund manager, who oversees almost $30 billion in assets , exited his stake in Coinbase , which was worth more than $70 million in the third quarter of 2023. After soaring 130% in the fourth quarter, Coinbase has retreated nearly 20% in the first quarter of 2024. Among Baupost's top holdings, the hedge fund cut its stakes in Alphabet , Fidelity National Information Services and Just Eat Takeaway. During his last CNBC appearance in mid-2023, Klarman warned of an "everything bubble," sounding the alarm on cryptocurrencies, SPACs and a host of other speculative trends.

Persons: Baupost's Seth Klarman, Coinbase, Baupost, John, Klarman, Benjamin Graham's, Warren Buffett, Graham, David Dodd Organizations: Google, Dollar, Seagate Technology, Metals, Solutions, Fidelity National Information Services, Liberty Global, CNBC, Boston, Harvard, Cornell grad Locations: Coinbase

☆ He wants to retire early, but his wife isn't so sure—how two lawyers worth $2.3 million tackled their biggest money fight
▼ + stars: | 2024-02-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Rachel and Brian are married lawyers with a joint net worth of $2.3 million. But recently, Brian, 56, revealed he wants to retire in the next year or two. Brian wants Rachel to feel secure, but he's confident that he's well-positioned to retire soon. "What separate accounts usually reveal is that the couple never had a series of specific conversations about money," Sethi said on the podcast. While Sethi emphasized it's OK if a couple wants to keep their money separate, he wanted to get to the bottom of Rachel and Brian's differing attitudes toward money.

Persons: Rachel, Brian, Ramit Sethi, Rich, Sethi, Brian's Organizations: Netflix

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