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It’s a scary day for moms, right?” French Gates said. Tragically, those solutions aren’t reaching families in the communities where mothers and kids need them most,” said Bill Gates and French Gates in the report’s introduction. Gates and French Gates also noted the increasing rates of maternal deaths in the U.S. and United Kingdom and the racial disparities in those deaths. French Gates spoke with outrage about the harrowing experience tennis star Serena Williams described after giving birth to her first daughter and suffering multiple complications, which endangered her life. It was almost like a slap in the face,” said French Gates.

Persons: — Melinda French Gates, Gates, Melinda Gates, Jennifer, Leila — Jennifer's, —, “, Rasa Izadnegahdar, ”, “ It’s, Bill Gates, French Gates, Mark Suzman, recommit, Suzman, Tom Kenyon, they’re, Izadnegahdar, there’s, ’ ”, Black, Serena Williams, Tori Bowie, aren’t, we’ve Organizations: Melinda Gates Foundation, Associated Press, Sustainable, United Nations, Child Health, World Health Organization, General Assembly, Gates Foundation, American Medical Association, Lilly Endowment Inc, AP Locations: U.S, French, Ukraine, Saharan Africa, South Asia, United Kingdom

☆ Landmark Google trial opens with sweeping DOJ accusations of illegal monopolization
▼ + stars: | 2023-09-12 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Also being called anticompetitive are Google’s contracts to ensure that Android devices come with Google apps and services — including Google search — preinstalled, the Justice Department claimed. For Google’s opening statement, attorney John Schmidtlein said that Apple’s decision to make Google the default search engine in its Safari browser demonstrates how Google’s search engine is the superior product consumers prefer. The Google case “could not be more different” from the historic Microsoft litigation at the turn of the millennium, Schmidtlein continued. Google has previously said that consumers choose Google’s search engine because it is the best and that they prefer it, not because of anticompetitive practices. Google’s search business provides more than half of the $283 billion in revenue and $76 billion in net income Google’s parent company, Alphabet, recorded in 2022.

Persons: Sundar Pichai, Google’s, Kenneth Dintzer, ” Dintzer, John Schmidtlein, Apple, ”, Schmidtlein, Bing, General Merrick Garland, Anna Moneymaker, ” Schmidtlein, “, Kent Walker, Ken Buck, Trump, Global Affairs Kent Walker, Biden, Amit Mehta, Mehta Organizations: CNN, Google, Justice Department, Microsoft, Apple, Samsung, DOJ, Netscape, Gmail, U.S, The Justice Department, Global Affairs, Court, District of Columbia, Eastern, of Locations: United States, Washington, Apple . WASHINGTON, DC, Washington ,, California , New York , Colorado, Virginia, Colorado, of Virginia

☆ This green armored train has carried the Kim family for decades
▼ + stars: | 2023-09-12 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

In the background, women in dresses and traditional clothing can be seen cheering and waving the North Korean flag. North Korean leader Kim Jong Un waves before departing Pyongyang for Russia on September 11, 2023. Armored train of luxuryThe train has long been the subject of intrigue, carrying generations of the Kim family across the country and on rare overseas trips. The same train – green with yellow striping – was seen in footage from Russian state media when Kim Jong Il visited Russia in 2002. Information from inside the country slowed to a trickle, even more so in recent years under Kim Jong Un’s rule.

Persons: Kim Jong, Kim, Vladimir Putin, Choe Sun Hui, Chol, Kim Il Sung, Kim Jong Il, Kim Jong Un, Konstantin Pulikovsky, Kim Jong Il’s, Pulikovsky, ” Pulikovsky, Xi Jinping, KCNA, KCNA Kim, Donald Trump, Putin Organizations: CNN, North, KCNA, Central Military Commission, Workers ’ Party, Reuters, Russian, Ministry, New York Times, Times, South, South Korean, Chosun Ilbo, Nuclear, UN Food and Agriculture Organization, North Korean, Yonhap Locations: North Korean, Russia, United States, Russia’s, Pyongyang, Korean, Switzerland, North Korea, Bordeaux, Burgundy, South, Korea, China, Beijing, Vietnam, Hanoi, Vladivostok, South Korean

☆ Kevin Porter Jr. arrested on domestic violence charges
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

Dec 15, 2022; Houston, Texas, USA; Houston Rockets guard Kevin Porter Jr. (3) reacts after a play during the fourth quarter against the Miami Heat at Toyota Center. Porter, 23, is facing charges of felony assault and strangulation following the incident, alleged to have taken place Monday at the Millennium Hilton. Porter stands accused of hitting the woman in the face and choking her, according to a criminal complaint obtained by the New York Post. "We are in the process of gathering information surrounding the matter involving Kevin Porter Jr.," the Rockets said in a statement Monday. "The league office is in contact with the Houston Rockets and in the process of gathering more information," NBA spokesman Mike Bass said Monday.

Persons: Kevin Porter Jr, Troy, Porter, Bail, Prosecutors, Mike Bass Organizations: Houston Rockets, Miami Heat, Toyota Center, Manhattan Criminal, Millennium Hilton, Level Media, New York, ESPN, Rockets, NBA, Cleveland Cavaliers, Thomson Locations: Houston , Texas, USA, Troy Taormina, New York, Manhattan

NEW YORK (AP) — Houston Rockets guard Kevin Porter Jr.'s alleged attack on his girlfriend at a New York City hotel left the woman with a fractured neck vertebrae and a cut above her right eye, prosecutors revealed at his arraignment Tuesday. Porter, 23, is charged with felony assault and strangulation in connection with the incident Monday at the Millennium Hilton near the United Nations in Manhattan. Hospital testing showed that the woman, 26, sustained a fractured vertebrae in her neck, the criminal complaint said. In April 2021, the NBA fined Porter $50,000 for violating the league’s COVID-19 health and safety rules by visiting a Miami strip club. In January 2022, the Rockets suspended Porter for a game after then-coach Stephen Silas said the player had a “spirited debate” and “lost his temper” at halftime.

Persons: Kevin Porter Jr, Porter, Kysre Gondrezick, Gondrezick, ” Porter, he'd, Stephen Silas, “, Kristie Rieken Organizations: — Houston Rockets, Millennium Hilton, United Nations, Rockets, NBA, Cavaliers, USC, Associated Press Locations: New York City, Manhattan, San Antonio, Houston, Cleveland, Miami

TORONTO (AP) — Bayard Rustin, the civil rights activist and primary architect of the 1963 March on Washington, who often worked tirelessly out of the limelight, takes center stage in the new Netflix drama “Rustin." “Rustin,” directed by veteran theater and film director George C. Wolfe, is the first narrative feature from Higher Ground, Barack and Michelle Obama's production company. Led by a powerhouse performance by Domingo that's already being called a likely Academy Award nomination for best actor, “Rustin” aims to celebrate a pivotal but undersung civil rights hero. In 1953, Rustin spent 50 days in jail and was registered as a sex offender — a conviction that was posthumously pardoned in 2020 by California Gov. It’s like: ‘I’m directing ‘Angels in the America’ a seven-hour play, get out of my way.’ ‘I’m doing a movie about Bayard Rustin.

Persons: — Bayard Rustin, “ Rustin, Colman Domingo, Rustin, Martin Luther King Jr, —, ″, ”, George C, Wolfe, Michelle Obama's, Domingo that's, “ Rustin ”, “, Gavin Newsom, Tony Kushner’s, Lori Parks ′, Topdog, ’, ’ ”, “ I'm, ’ ‘, Bayard Rustin, ” Rustin, Obama, Oscar, Ma, Chadwick Boseman, ” “ Rustin ”, Chris Rock, Roy Wilkins, Jeffrey Wright, Adam Clayton Powell Jr, Audra McDonald, Ella Baker, it's, Jake Coyle Organizations: TORONTO, Netflix, Toronto, California Gov, National Center for Civil, Rights, America ’, West, Israel, Jobs, NAACP, Twitter Locations: Washington, America, ’ Da, Atlanta, Pennsylvania, West Indies, North Carolina, Montgomery, ”, Boseman, “

☆ In 'macho' Mexico, stage set for first female president
▼ + stars: | 2023-09-09 | by ( Dave Graham | ) www.reuters.com time to read: +8 min

[1/2] Former Mexico City Mayor Claudia Sheinbaum reacts after she was nominated as a presidential candidate, in Mexico City, Mexico September 6, 2023. "It's extraordinary in a patriarchal country," said Josefina Vazquez Mota, who made history in 2012 as the first female presidential candidate for one of Mexico's main parties. "Just imagine having a female president in a country as macho as Mexico!" Mexican women did not win full voting rights until 1953, 33 years after the neighboring United States. Today, Vazquez Mota said, her PAN ally Galvez no longer had to respond to whether Mexico was ready for a female president.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Xochitl Galvez, Galvez, Josefina Vazquez Mota, Vazquez Mota, Maria del Carmen Garcia, Mexico City Mayor Sheinbaum, Andres Manuel Lopez Obrador, Marcelo Ebrard, Angelica Rodriguez, femicides, Guadalupe, Sor Juana Ines de la Cruz, Lorenzo Meyer, anticlerical, Gabriela Cuevas, Dave Graham, Stefanie Eschenbacher, Alberto Fajardo, Stephen Eisenhammer, Claudia Parsons Organizations: Mexico City Mayor, REUTERS, Action Party, PAN, Mexican, Court, men's, Roman, Virgin, Church, Colegio de Mexico, Reuters Graphics, Inter, Parliamentary Union, Federal, Vamos, OECD, Mexican Institute for Competitiveness, Thomson Locations: Mexico City, Mexico, MEXICO, America, Brazil, Honduras, Peru, United States, Canada, Yucatan, Reuters Graphics Mexico, Britain, Mexican, U.S, Turkey, Argentina

☆ Insider Today: Analyzing Google salaries
▼ + stars: | 2023-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're taking a deeper look at the leaked Google salary data by looking at pay ranges across various factors. The sheet detailed 2022 base salaries, equity, and bonuses from over 12,000 Google employees in the US. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues. The gap didn't improve among software engineers, as those of Black/African descent had a median base salary $24,500 lower than those of white or European descent. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues.

Persons: We've, Tayfun, Rosalie Chan, Hugh Langley, Madison Hoff, Rosalie, Hugh, Madison, Shaw, Ned Davis, Ryan Salame, Salame, Sam Bankman, Tim Cook, Stephen Lam, Sam Altman, Investor Ford Smith, biohacking, Melissa Phillippi, missteps, Goldman Sachs, Sasha Kelemen, Olivia Rodrigo's, Ralph Lauren, —, Joe Jonas, she'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, Google, Google's New, Citadel, Ned Davis Research, Wall, Zen, Apple, Reuters Apple, European Commission, Investor, Leerink Partners, York, Kroger Locations: Wall, Silicon, Madison, Google's New York, Bay, Brooklyn, Manhattan , New York City, USA, China, New York City, San Diego, London, New York

☆ Researchers Identify Jews Aided by Catholics in Nazi Era as Pope Was Silent
▼ + stars: | 2023-09-07 | by ( Elisabetta Povoledo | More About Elisabetta Povoledo | ) www.nytimes.com time to read: +2 min

“But it doesn’t change the historical judgment” of Pius, “which remains harsh,” she said. The church’s history of involvement in the persecution of Jews long predates Pius and the massacres of the last century. For well over a millennium, Jews were subjected to forced conversion, expulsion, censorship, mass murder by roving Christian mobs and life in ghettos. Defenders of Pius XII, whose case for sainthood is still being evaluated, have long argued that he worked behind the scenes to help Jews. Other scholars say it will take years to plumb papers referring to Pius and paint a full picture of his papacy.

Persons: Pius, Pope Paul VI, Jesus, Pope John Paul II, Pope Francis, Hitler, David Kertzer, Pius XII “, ”, ” Pius “, Pius XII, plumb Organizations: Times, Nazi, Brown University Locations: Israel, Rome, Vatican City

☆ Summer is fading. But performance in August was hot at hedge funds including Citadel, D.E. Shaw, Millennium, and Sculptor
▼ + stars: | 2023-09-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Most managers posted positive performance, Sculptor and Citadel led the way. Shaw (+1.3%) also had strong performance. Multi-strategy fund managers remain as popular as ever. "Clearly right now the multi-strategy managers are very much in vogue. Here's how other top multi-strategy players stacked up after August:Fund August performance Year-to-date performance Sculptor Multi-Strategy 2.8% 12.6% Citadel Wellington 2% 10.8% Point72 0.83% 6.6% D.E.

Persons: Shaw, Ken Griffin, Here's, Marshall Wace Eureka Organizations: Citadel, Financial Times, Capital, Wellington Fund, Citadel Wellington, Shaw Locations: Wellington

☆ Archaeologists unearth 1,000-year-old mummy in Peru residential neighborhood
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

LIMA, Sep 6 (Reuters) - Archaeologists in Peru have unearthed a 1,000-year-old mummy in the latest discovery at an archaeological site located in a residential neighborhood of the country's capital, Lima. The remains were found alongside ceramic vessels, textiles and other objects in the Huaca Pucllana site in the middle of Lima's affluent Miraflores district, the head of the team of archaeologists, Mirella Ganoza, told Reuters on Wednesday. "This is an adult individual in a sitting position with bent legs," the expert said, noting that the mummy had long hair and a jaw that was nearly completely intact. Mummies and ancient offerings have already been found in the Huaca Pucllana site, and experts see the site as a Pandora's Box with much more to be found. Reporting by Anthony Marina; Writing by Marco Aquino and Carolina PuliceOur Standards: The Thomson Reuters Trust Principles.

Persons: LIMA, Mirella Ganoza, Ganoza, Anthony Marina, Marco Aquino Organizations: Reuters, Incas, Carolina, Thomson Locations: Peru, Lima, Miraflores, Machu Picchu

☆ A top Brevan Howard exec responsible for luring investment talent is leaving the $35 billion macro fund
▼ + stars: | 2023-09-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

A top exec at Brevan Howard is departing the $35 billion macro fund. The senior exec in charge of luring top investment talent to $35 billion Brevan Howard is leaving. He was also the global head of business development at Izzy Englander's Millennium Management for five years. The $35 billion hedge fund, founded by macro trading billionaire Alan Howard, has struggled with performance this year. Do you have more information about Brevan Howard or other hedge fund performance or talent moves?

Persons: Brevan Howard, Peter Hornick, Brevan, Howard, Izzy Englander's, Hornick, Alan Howard, Alex Morrell Organizations: Brevan, Management, Alpha, Credit Suisse Locations: ExodusPoint

☆ What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone
▼ + stars: | 2023-09-04 | by ( Kaja Whitehouse | Michelle Abrego | ) www.businessinsider.com time to read: +11 min

According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.

Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, —, Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City

☆ 3,500-year-old ancient Egyptian mummification balm aroma recreated
▼ + stars: | 2023-08-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Scientists have decoded an ancient aroma by identifying the ingredients used in Egyptian mummification balms — and resurrected the scent. The exact recipes used in the mummification have long been debated because ancient Egyptian texts don’t name precise ingredients. The new findings suggest that the relatively complex balms used in Senetnay’s preservation may have been the beginning of a trend of more elaborate ones used later on. Dammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. “The scent of eternal life” will be part of an ancient Egyptian exhibit at the Danish museum that opens in October.

Persons: ”, Barbara Huber, ” Huber, Pharaoh Amenhotep II, Pharaoh Thutmose III, Amenhotep II, Senetnay, Christian Tepper, Howard Carter, Carter, Pharaoh, Nicole Boivin, Carole Calvez, dammar, it’s, ” Boivin, Dammar, Sofia Collette Ehrich, Huber, Barbara Huber “, “ Organizations: CNN —, Moesgaard Museum, Max Planck Institute of Geoanthropology, Max Planck Institute, Geoanthropology Locations: Denmark, Egypt’s Valley, Germany, “, Hannover, India, Southeast Asia, Europe, Saqqara

☆ A how-to repair company wants to fix one of summer's biggest problems: McDonald's broken ice cream machines
▼ + stars: | 2023-08-31 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

McDonald's ice cream machines are so prone to breakdowns that they've spawned thousands of memes. Now, iFixit, a how-to repair company, wants a copyright exemption to repair them. McDonald's ice cream machines have a history of breaking down. This isn't the first time an outside group has tried to fix McDonald's ice cream machines. Startup Kytch introduced a device in 2019 to help franchise owners troubleshoot their ice cream machines so they could repair them.

Persons: iFixit, —, Taylor, We've, we've, Elizabeth Chamberlain, Chamberlain, McDonald's Organizations: Service, Copyright Locations: Wall, Silicon, McDonald's

☆ London chewing gum artist paints 'hidden world' beneath people's feet
▼ + stars: | 2023-08-28 | by ( Lucy Marks | ) www.reuters.com time to read: +2 min

[1/5] Ben Wilson, artist, shows Naiara, 4, how to hold a paintbrush, while he paints on the Millennium Bridge, London, Britain, August 21, 2023. REUTERS/Anna Gordon Acquire Licensing RightsLONDON, Aug 28 (Reuters) - Lying on his side on the surface of London's iconic Millennium Bridge, artist Ben Wilson paints a piece of dried chewing gum trodden into the ground. "The important thing is the gum is below the metal tread," said 60-year-old Wilson, dressed in a paint-daubed orange jumpsuit. "By painting a picture which is so small, those that see it then discover a hidden world beneath their feet," Wilson said. The images are more personal than the chewing gum works, Wilson says, and represent an "intuitive visual diary".

Persons: Ben Wilson, Anna Gordon, Wilson, It's, he's, it's, Lucy Marks, Kirsten Donovan Organizations: REUTERS, Thomson Locations: London, Britain

Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ Putin foes who, like Prigozhin, have suffered mysterious fates
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +5 min

[1/2] Russian President Vladimir Putin addresses participants of the international military-technical forum Army-2023 via a video link in Moscow, Russia, in this picture released August 14, 2023. Prigozhin, 62, spearheaded a mutiny against Russia's top army brass on June 23-24, which President Vladimir Putin said could have tipped Russia into civil war. Moscow denied involvement. Russia denied involvement. Russia denied any involvement.

Persons: Vladimir Putin, Mikhail Klimentyev, Yevgeny Prigozhin, Putin, ALEXEI NAVALNY Russia's, Alexei Navalny, Novichok, Navalny, SERGEI SKRIPAL, Sergei Skripal, Yulia, VLADIMIR KARA, MURZA, Vladimir Kara, Murza, ALEXANDER LITVINENKO Alexander Litvinenko, Andrei Lugovoy, Dmitry Kovtun, Litvinenko, ALEXANDER PEREPILICHNY, Alexander Perepilichny, Perepilichny, VIKTOR YUSHCHENKO Viktor Yushchenko, Viktor Yanukovich, Yanukovich, ANNA POLITKOVSKAYA Anna Politkovskaya, Politkovskaya, Lisa Shumaker, Cynthia Osterman Organizations: Sputnik, REUTERS, Russia's, Reuters, Kremlin, Russia's Federal Security Service, Moscow, Russia, Ukraine's, Thomson Locations: Moscow, Russia, Kremlin, Germany, Siberia, Russian, English, Salisbury, Soviet, Britain, British, London, Ukrainian

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Elon Musk seemed to have 'bought what Putin was selling, hook, line, and sinker,' fellow PayPal mafia member says
▼ + stars: | 2023-08-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

He said Musk "bought what Putin was selling, hook, line, and sinker" regarding the war in Ukraine. Hoffman told The New Yorker Musk "bought what Putin was selling, hook, line, and sinker," regarding Russian President Vladimir Putin's account of the war in Ukraine. Putin wants peace—we should be negotiating peace with Putin,'" Hoffman told The New Yorker, referencing Musk's comments at a September 2022 conference in Aspen. Obviously, we are pro Ukraine," Musk tweeted hours after his poll. "Elon tends to have a 'I must build it with my own hands'" approach, Hoffman told CNBC in April.

Persons: Reid Hoffman, Elon Musk, Putin, Musk, Hoffman, Vladimir Putin's, he'd, Vladimir, Steven Butow, Starlink, we'll, Colin Kahl, Elon —, —, Elon Organizations: Paypal Mafia, New, PayPal, Kremlin, SpaceX, Politico, Pentagon, CNN, Defense, Policy, New Yorker, Milken, CNBC, Tesla Locations: Ukraine, Aspen ., Russia, Crimea, Ukrainian, New

☆ Harvest Gold, Again? Why ‘Ugly’ 1970s Colors Are Back—and Chicer Than Before
▼ + stars: | 2023-08-18 | by ( Christina Poletto | ) www.wsj.com time to read: 1 min

REMEMBER “avocado green” and “harvest gold”? If you were born before the Reagan administration, chances are your early years provided an overdose. Throughout the 1970s, these ubiquitous hues covered everything from station wagons to shag carpets—which is why by the time the minimalist new millennium rolled around, they’d become design shorthand for suburban, cringy and dated.

Persons: Reagan, they’d Locations: cringy

☆ Video calls are coming to X as part of Elon Musk's transformation of Twitter into an everything app, CEO says
▼ + stars: | 2023-08-11 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

X, formerly known as Twitter, is getting a new feature: video calls. CEO Linda Yaccarino said the update is part of Elon Musk's rebrand of Twitter into an everything app. "Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X," Yaccarino told CNBC. Musk's vision for an everything app named X dates back to his days at PayPal at the turn of the millennium. After ending the video, Musk posted that X's live video feature "now works reasonably well."

Persons: Linda Yaccarino, you'll, Yaccarino, Elon, Andrea Conway, Enrique Barragan, X, We'll, —, Musk, livestreamed Organizations: Twitter, Elon Musk, CNBC, PayPal Locations: Elon Musk's

☆ Teens Are Going to Make Mistakes Online. What’s Next Is Up to Us. - The New York Times
▼ + stars: | 2023-08-11 | by ( Lux Alptraum | ) www.nytimes.com time to read: +3 min

But even for the most digitally savvy among us, it can be hard to conceptualize just what global visibility really means. In my own youth, way back at the turn of the millennium when I was an 18-year-old college student, I started sharing my personal life online. In the social media age, teenagers are more likely to suffer the opposite delusion: that their friends can see them online but the world can’t, or won’t care if it does. But I don’t think we need to change the way teenagers interact with the internet. We need to change how the rest of us interact with online teenagers.

Persons: they’re Organizations: Utah’s, HB

☆ Hedge fund performance in July was muted. But Citadel distanced itself from Point72, Millennium, and other competitors.
▼ + stars: | 2023-08-04 | by ( Alex Morrell | ) www.businessinsider.com time to read: +1 min

Top multi-strategy hedge funds trailed the stock market in July. Citadel led the pack, gaining 1.3% last month and pushing its 2023 tally to 8.6%. Verition bested most of its peers, gaining 1.2% in July. The world's largest hedge funds, meanwhile, posted more muted gains. Among its multi-strategy hedge fund peers, Ken Griffin's $59 billion Citadel remains second to none, gaining 1.3% in July in its flagship Wellington fund.

Persons: Verition, Ken Griffin's, It's, Marshall Wace Eureka Organizations: Citadel, Citadel Wellington, Hudson, International, Representatives Locations: Wellington

☆ Investment giant Brookfield is shuttering its $1 billion multi-strategy hedge fund
▼ + stars: | 2023-07-27 | by ( Alex Morrell | ) www.businessinsider.com time to read: +1 min

Investment giant Brookfield is closing its hedge fund group BHS Advisors. The multi-strategy fund launched in 2019 and managed $1.3 billion in assets earlier this year. Canadian asset management behemoth Brookfield Corporation is shutting down its multi-strategy hedge fund Brookfield Hedge Solutions Advisors. BHS Advisors, a multi-strategy hedge fund platform within the $825 billion conglomerate, is winding down after four years, according to people familiar with the matter. In recent years billions in capital have flooded into multi-strategy hedge funds like Citadel, Millennium, and Point72, which employ teams of traders across a variety of strategies.

Organizations: BHS Advisors, behemoth, Solutions, Brookfield, Intelligence, Citadel, BHS, Financial Times Locations: Brookfield

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