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☆ Browse our database of more than 350 Wall Street headhunters to find your dream job in private equity, investment banking, or hedge funds
▼ + stars: | 2023-07-27 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +4 min

From investment banks to hedge funds to private-equity shops, the financial industry is always on the lookout for top talent. Hedge funds are another story. As Insider recently reported, demand for inflation traders by hedge funds has been red hot. Keizner said he's also seeing demand at hedge funds that focus on credit trading and special situations, like mergers. "Single manager, directional equity hedge funds typically haven't been receiving asset inflows and as a result, there's less hiring there."

Persons: Anthony Keizner, Bobby Jain, Adam Harwood, who's, Keizner, he's Organizations: Wall, PJT Partners, Search, Citadel, Credit Suisse, Bankers, Wall Street Locations: dealmaking

☆ How Russia’s youth see their lives and their future
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

Some spoke of study plans and jobs upended, others, of fear of an unknown and unpredictable future. But none of the four said there was much they could do to influence Russia's direction. Instead, as one young man put it, there was nothing to do but adjust to a new reality and "carry on." I plan to study a master's course in China…I think they are very interesting people, an interesting nation. I can't change and fix everything in the country, so I'm forced to come to terms with it, get used to it, and move forward.

Persons: Vladimir Putin, Sabina, Maxim Lukyanenko, let's, Konstantin Konkov, on.Ivan Sokolov, William Maclean Organizations: Kremlin, Moscow's Higher, of Economics, Higher School of Economics, Moscow State University, Reuters, Thomson Locations: MOSCOW, Russian, Ukraine, Russia, Abkhazia, Georgia, universit, Finland, Krasnodar, Europe, Asia, China, Moscow, Kazakhstan, Astrakhan, Atyrau

☆ A Millennium Falcon-shaped comet heading toward Earth is so bright you'll able to see it with your naked eye, say astronomers
▼ + stars: | 2023-07-27 | by ( Ellie Zolfagharifard | ) www.businessinsider.com time to read: +4 min

Astronomers have spotted a "once-in-a-lifetime" comet shaped like the Millennium Falcon. The comet will make its closest approach to the sun next year, just weeks after a solar eclipse. The comet, known as Comet 12P/Pons-Brooks, abruptly brightened 100-fold on July 20 as plumes of debris and ice were blasted off it into space. While it may be possible to see the comet with the naked eye, Miles advised using binoculars. A decades-old mysteryAstronomers aren't sure exactly why Comet 12P/Pons-Brooks, which orbits the sun every 71 years, has brightened so drastically in recent weeks.

Persons: Pons, Brooks, It's, Richard Miles, Miles, Dr Edward Gomez, Elek Tamás, Helen Usher of Cardiff, Carrie Holt, Gomez Organizations: Service, British Astronomical Association, Wales, Harsona, Comet, Open University, University of Maryland Locations: Wall, Silicon, Cardiff, Nyiregyhaza, Hungary

☆ Stock Exchange Regulators Back Global Climate-Reporting Rules
▼ + stars: | 2023-07-25 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +5 min

Regulators of the world’s top stock exchanges gave their backing to the international climate-reporting standards framework Tuesday, adding momentum to efforts to establish the rules as the global baseline. The International Organization of Securities Commissions, known as Iosco, endorsed the International Sustainability Standards Board’s recently published climate reporting standard. While some businesses may be waiting to see the completed SEC climate reporting rules, it hopes the advantages of using a single standard worldwide outweigh any disadvantages of being more demanding than the SEC’s coming climate reporting rules. PREVIEWIt is now up to individual countries and jurisdictions to decide if and when they adopt the ISSB standards. “This is a hugely significant step towards a global baseline of sustainability reporting.

Persons: —, Jean, Paul Servais, Benoit Doppagne, “ Iosco, ”, Larry Bradley, Iosco, PwC, KPMG’s Bradley, “, Rochelle Toplensky Organizations: International Organization of Securities Commissions, International, U.S . Commodity Futures Trading Commission, Securities, Exchange, Zuma, SEC, U.S, EU, KPMG, Sustainable Business, Rochelle Locations: Japan, China, Britain, U.S, Australia, Canada, Hong Kong, Malaysia, New Zealand, Nigeria, Singapore, Glasgow

☆ Scientists decode an ancient curry recipe
▼ + stars: | 2023-07-25 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The sandstone slab, buried 2 meters (6.5 feet) below the surface, was dug up in 2018 at the Oc Eo archaeological complex in southern Vietnam. The site was once an overseas trading hub of an ancient Southeast Asian kingdom known as Funan, according to a new study of the substances found on the slab. The findings offer clues to how curry — and the people who made it — migrated to Southeast Asia. “Nowadays, preparing curry in Vietnam has become much simpler for most families due to the widespread availability of curry powder in supermarkets. Nguyen added that the team planned to recreate the 2,000-year-old curry based on the ingredients found at the site.

Persons: ”, . Hsiao, chun Hung, ” Hung, Hung, Khanh Trung Kien, Khanh Trung Kien Nguyen, Nguyen Organizations: CNN, Australian National University, Center for Archaeology, Southern Institute of Social Sciences, Oc Eo, Eo Locations: Vietnam, Canberra, India, Southeast Asia, Ho Chi Minh City, South, Cambodia, South Asia

☆ Warming Could Push the Atlantic Past a ‘Tipping Point’ This Century
▼ + stars: | 2023-07-25 | by ( Raymond Zhong | More About Raymond Zhong | ) www.nytimes.com time to read: +1 min

The last time there was a major slowdown in the mighty network of ocean currents that shapes the climate around the North Atlantic, it seems to have plunged Europe into a deep cold for over a millennium. That was roughly 12,800 years ago, when not many people were around to experience it. A pair of researchers in Denmark this week put forth a bold answer: A sharp weakening of the currents, or even a shutdown, could be upon us by century’s end. It was a surprise even to the researchers that their analysis showed a potential collapse coming so soon, one of them, Susanne Ditlevsen, a professor of statistics at the University of Copenhagen, said in an interview. Climate scientists generally agree that the Atlantic circulation will decline this century, but there’s no consensus on whether it will stall out before 2100.

Persons: Susanne Ditlevsen Organizations: University of Copenhagen Locations: Europe, Denmark

CNN —Ancient Buddhist murals and statues in caves along China’s Silk Road are under “direct threat” from extreme rainfall brought by climate change, researchers have found. Zhangye Cultural Heritage Administration/GreenpeaceThe report comes as China is conducting its fourth nationwide cultural heritage survey to log the state of the country’s historical artifacts. “The sites we looked at include some of the most well-funded, best-staffed cultural heritage sites in China. Li said Chinese officials and academics are increasingly aware of the threats of the climate crisis on the country’s cultural heritage sites. Unlike Dunhuang, many historical sites lack long-term monitoring data to research the impacts of climate change, Li said.

Persons: ”, Li Zhao, Li, we’re, they’re, ” Li, Tianlongshan grottoes Organizations: CNN, UNESCO, Heritage, Greenpeace, Greenpeace East Asia’s, Spikes, Heritage Administration, Dunhuang Academy Locations: Gansu, Greenpeace East, Greenpeace East Asia’s Beijing, Jinta, China, Shanxi, Jinci, Dunhuang

☆ $13 billion hedge fund Schonfeld loses several senior technology and recruiting personnel
▼ + stars: | 2023-07-19 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Several leaders in Schonfeld's technology and recruiting teams have recently exited. Several leaders of multi-strategy hedge fund Schonfeld Strategic Advisors' technology and recruiting operations have exited the firm, according to people familiar with the matter. Steve Kordik, who headed up a team in North America responsible for supporting the trading technology platform, left in May. Tom Burdo, director of front-office technology talent acquisition, left in June. Schonfeld, which manages about $13 billion in outside money, grew from some 600 employees in mid-2021 to around 860 at the end of 2022, according to a filing with the Securities and Exchange Commission.

Persons: Vincent Aniello, Schonfeld, Steve Kordik, Renee Kenas, Radhika Arora, Tom Burdo, Point72, buildout, Colin Lancaster, Mitesh, It's, Toby Kung, Derry Herlihy, Goldman Sachs, Riccardo Riboldi Organizations: Advisors, Securities and Exchange Commission, LinkedIn, Citadel, Derry, Delta Locations: North America, Macquarie

☆ SEC punts on whether syndicated loans are securities, in closely watched appeal
▼ + stars: | 2023-07-19 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Law firm alerts have gone so far as to call the appeal an “existential threat” to the entire syndicated loan market. The SEC later added to the suspense by requesting two more extensions from the 2nd Circuit, noting the complexity of the issue. On the other hand, any remaining uncertainty will be resolved as soon as the 2nd Circuit issues a ruling. But it’s a good bet that the trustee's lawyers from McKool will urge the 2nd Circuit to read the SEC’s silence as proof of the complexity of the issue. An earlier version incorrectly reported that Judge Michael Park was part of the 2nd Circuit panel that heard oral argument.)

Persons: Cromwell, JPMorgan Chase, Marc Kirschner, Paul Gardephe, Manhattan, Gardephe, McKool Smith, Jose Cabranes, Joseph Bianco, Myrna Perez, ”, Malcolm Stewart, Christopher Johnson, McKool, SEC wouldn’t, Michael Park, Alison Frankel, Leigh Jones Organizations: Sullivan, U.S . Securities, Exchange Commission, U.S, Circuit, SEC, 2nd, JPMorgan, Millennium, U.S . Justice Department, District, Trading Association, Securities Industry, Financial Markets Association, Justice Department, U.S . Treasury Department, Thomson, Reuters Locations: U.S .

☆ Big companies toughen banking partner screening after crisis - survey
▼ + stars: | 2023-07-13 | by ( Laura Matthews | ) www.reuters.com time to read: +2 min

NEW YORK, July 13 (Reuters) - Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has been a "wake-up call", according to an industry survey to be released on Thursday. Multinational companies and those with sales overseas use banks, or counterparties to the transactions, to trade foreign exchange and hedge currency risk. "All of a sudden there's a wake-up call," said Eric Huttman, CEO at MillTechFX, the specialist currency arm of Millennium Global. Huttman said his firm has added dozens of clients since the banking crisis and all of them have spent more time asking about its counterparty selection process. "The broad questions that companies are asking are, is my banking partner sound and will they be there when I need them," said Dhargalkar.

Persons: Eric Huttman, Huttman, Amol Dhargalkar, Banks, Laura Matthews, Megan Davies, Muralikumar Organizations: YORK, MillTechFX, Millennium, UBS, Credit Suisse, Chatham Financial, Thomson Locations: North America, Europe, Swiss

Since the mid-20th century, the ground between the city surface and the bedrock has warmed by 5.6 degrees Fahrenheit on average, according to a new study out of Northwestern University. “All around you, you have heat sources,” said the study’s author, Alessandro F. Rotta Loria, walking with a backpack through Millennium Station, a commuter rail terminal underneath the city’s Loop district. “These are things that people don’t see, so it’s like they don’t exist.”It isn’t just Chicago. In big cities worldwide, humans’ burning of fossil fuels is raising the mercury at the surface. But heat is also pouring out of basements, parking garages, train tunnels, pipes, sewers and electrical cables and into the surrounding earth, a phenomenon that scientists have taken to calling “underground climate change.”

Persons: ”, Alessandro F, Rotta Organizations: Northwestern University . Locations: “, Chicago

☆ These are the cruise ships with the best — and worst — sanitation scores so far this year
▼ + stars: | 2023-07-09 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

These are the cruise ships with the best and worst sanitation report cards in 2023 so far. There's nothing like a stomach virus to ruin your vacation, as hundreds of cruise ship passengers have unfortunately learned this year. "People often associate cruise ships with acute gastrointestinal illnesses such as norovirus, but acute gastrointestinal illness is relatively infrequent on cruise ships," the CDC explains on its website. In the past 10 years, only three other cruise ships have received sanitation scores below 70, CDC records show. These are the cruise ships with the highest and lowest sanitation scores so far this year:The 15 cruise ships with perfect scores of 100The majority of cruise ships have received CDC sanitation scores in the high nineties this year.

Persons: Gerard Bottino Organizations: CDC, Morning, Health, Vessel Sanitation, MSC, MSC Cruises, Royal Caribbean International Cruise, Seas Royal Caribbean, Cruise Lines, Inc, Sunshine, Disney, Disney Cruise, Cruise Management, Joy Norwegian Cruise, Pearl Norwegian Cruise, Riviera Oceania, Rotterdam Holland America, Silversea Cruises, Getty Locations: United States, Rotterdam

☆ Ex-Millennium exec Bobby Jain has made his first major hire for the industry's most hotly anticipated new hedge fund launch
▼ + stars: | 2023-07-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Ex-Millennium exec Bobby Jain is preparing to launch one of the most anticipated hedge funds in history. An exit agreement barring Jain from hiring ended at the beginning of this month. Former Millennium executive Bobby Jain has made his first major hire as he lays the groundwork for what Wall Street professionals are expecting to be one of the largest ever hedge fund launches. Before BofA, Barton was COO at Meru Capital and Old Lane; he started his career at Morgan Stanley. His exit agreement prohibited him from officially hiring until the end of last Month.

Persons: Bobby Jain, Jain, Jonathan Barton, Izzy Englander's, Barton, Morgan Stanley, Michael Gelband, Gelband, ExodusPoint, It's Organizations: Millennium, Wall, Management, of America, Meru, Bank of America, Credit Suisse, ExodusPoint, Wall Street Locations: BofA, Meru Capital

☆ Spain's entombed 'Ivory Lady' reveals leadership role of women in antiquity
▼ + stars: | 2023-07-06 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Researchers said on Thursday an analysis of tooth enamel showed that the body entombed at the site near Seville was not a man as previously thought, a finding that indicates the leadership role women played in this ancient society that predated the pyramids of Egypt - and perhaps elsewhere. In the British Isles, it is the peak time of Stonehenge, a major megalithic monument and sanctuary," García Sanjuán said. The 'Ivory Lady' reflects all these elements," García Sanjuán said. "This study throws new light on a problem we know preciously little about: the social and political role of women among early complex pre-state societies," García Sanjuán said. The "Ivory Lady" shows that women may have held high leadership positions during the Copper Age, a transitional period between the Stone Age and the more technologically sophisticated Bronze Age.

Persons: Miriam Lucianez Trivino, Leonardo García Sanjuán, Lady, García Sanjuán, Miriam Luciañez, Triviño, Will Dunham, Rosalba O'Brien Organizations: Reuters, REUTERS, University of Seville, University of Seville's, University of Seville's Department of, Thomson Locations: Handout, Spain, African, Seville, Egypt, Mesopotamia, Iberia, University of Seville's Department, Washington

☆ How Citadel, Millennium, Point72 and other hedge fund giants stack up as they enter the second half of a challenging year
▼ + stars: | 2023-07-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Hedge funds have reached the halfway point in a challenging year. The first half of 2023 was not how hedge fund managers drew it up. They invested heavily in global macro hiring late last year, expecting plenty more runway in the strategy's revival after a blockbuster 2022. Overall, the hedge fund industry lags far behind, gaining just 1.23% through May, according to the HFRI Fund Weighted Composite Index. Citadel's strength has been one of the few certainties in an otherwise uncertain year for hedge funds.

Persons: Ken Griffin's, Izzy Englander's, Here's, Steve Cohen's Point72 Organizations: Millennium, Suisse, HFRI, Ken Griffin's Citadel, Citadel Wellington, Carlson, Global Locations: Wellington

LOS ANGELES, July 2 (Reuters) - Thousands of Los Angeles-area hotel workers went on strike on Sunday demanding pay hikes and improved benefits in a region where high housing costs make it difficult for low-wage earners to live close to where they hold jobs, union officials said. Unite Here Local 11, which represents 15,000 workers at more than 60 major hotels in Los Angeles and Orange counties, declared the strike a day after the workers' contract expired. [1/4]People protest in front of Hotel Indigo as unionized hotel workers in Los Angeles and Orange County go on strike, in Los Angeles, California, U.S. July 2, 2023. Los Angeles has been a flashpoint for labor strife on several fronts this year, including the protracted writers strike and a three-day walkout in March by education support staff for the Los Angeles Unified School District. Reporting by Steve Gorman in Los Angeles and Gabriella Borter in New York; Editing by Mary Milliken and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Kurt Petersen, Maria Hernandez, David Swanson, Hernandez, Steve Gorman, Gabriella Borter, Mary Milliken, Josie Kao Organizations: Southern, Hollywood, InterContinental, Hotel, Millennium Biltmore, JW Marriott, Fairmont, Sheraton Universal, Universal, REUTERS, Westin Bonaventure Hotel, Coordinated, Westin Bonaventure, Los Angeles City News Service, Los Angeles Unified School District, Thomson Locations: ANGELES, Los Angeles, Orange, Fairmont Miramar, Santa Monica, Universal City, Laguna Cliffs, Dana Point, Indigo, Orange County, Los Angeles , California, U.S, L.A, Beverly Hills, Long Beach, West, New York

While there has been some scrambling to amend contracts linked to Libor over the past month, the transition was well telegraphed and no major issues are expected, loan and derivatives market participants and lawyers said in interviews. "I feel like it has been two to three years now that we have been re-papering all the legacy loans and legacy securities we purchased tied to Libor," said Scott DiMaggio, co-head of fixed income, at Alliance Bernstein. Friday at 11:55 a.m. British Summer Time (1055 GMT) marked the last publication for the 1-month, 3-month and 6-month U.S.-dollar Libor interest rates. Other U.S. dollar tenors were largely phased out for new contracts at the end of 2021 along with Libor rates linked to other currencies. Derivatives markets based on Libor had already mostly moved to new benchmarks without major disruption, while some corners of the loan markets, such as syndicated loans, have been busy with contract amendments, market participants said.

Persons: Scott DiMaggio, Alliance Bernstein, Shah, Federal Reserve Bank of New York's, Libor, Tal Reback, Gennadiy Goldberg, John McCrank, Gertrude Chavez, Dreyfus, Alden Bentley, Stephen Coates Organizations: YORK, Alliance, Regulators, Federal Reserve Bank of New, U.S, Britain's, Authority, Libor, TD Securities, Thomson Locations: London, Iran, U.S, New York

☆ Something Was Messing With Earth’s Axis. The Answer Has to Do With Us.
▼ + stars: | 2023-06-28 | by ( Raymond Zhong | ) www.nytimes.com time to read: 1 min

Around the turn of the millennium, Earth’s spin started going off-kilter, and nobody could quite say why. For decades, scientists had been watching the average position of our planet’s rotational axis, the imaginary rod around which it turns, gently wander south, away from the geographic North Pole and toward Canada. Suddenly, though, it made a sharp turn and started heading east. Accelerated melting of the polar ice sheets and mountain glaciers had changed the way mass was distributed around the planet enough to influence its spin. Now, some of the same scientists have identified another factor that’s had the same kind of effect: colossal quantities of water pumped out of the ground for crops and households.

Persons: that’s Locations: Canada

☆ Kelly Clarkson’s ‘Chemistry’ Draws on Familiar Formulas
▼ + stars: | 2023-06-26 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +2 min

The track list — featuring song titles like “I Hate Love,” “My Mistake” and “Red Flag Collector” — practically screamed divorce, babe, divorce. But Clarkson, 41, said she wanted “Chemistry” to depict a full arc of a relationship, including its high points. (A remix by David Guetta kicks the song into an even higher gear.) The slower, sultry “Magic” addresses a more long-term devotion: “Magic takes time, and I’ve got my sights and they’re set on you,” she sings breathily. Clarkson delivers these vocals with her signature virtuosity, but she doesn’t quite inhabit these relatively faceless songs as fully as she does when she’s singing about love gone wrong.

Persons: Adele, Simon Konecki, ”, Kelly Clarkson —, —, Clarkson, Brandon Blackstock, Jesse Shatkin, Carly Rae Jepsen, David Guetta, I’ve

☆ Clijsters wants ATP, WTA to merge as women's tour celebrates 50 years
▼ + stars: | 2023-06-26 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/2] Kim Clijsters of Belgium speaks as she is inducted into the International Tennis Hall of Fame in Newport, Rhode Island, U.S., July 22, 2017. REUTERS/Brian Snyder/File PhotoNEW YORK, June 26 (Reuters) - It is time for the men's and women's professional tennis bodies to merge says former world number one Kim Clijsters, who wants a united front in the sport as the Women's Tennis Association (WTA) celebrates its 50-year anniversary. Like people who don't know much about tennis, they say, 'Oh yea, ATP and WTA', but behind it there's one unit.' The ITHF unveiled a video segment celebrating 50 years of the WTA this year called "TennisWorthy." And you kind of always bump into a wall where, you know, not much happens and it stays with conversations.

Persons: Kim Clijsters, Brian Snyder, Billie Jean King, Clijsters, King, Steffi Graf, it's, Roger Federer, Amy Tennery, Ken Ferris Organizations: International Tennis Hall of Fame, REUTERS, Women's Tennis Association, Wimbledon, WTA, men's Association of Tennis Professionals, Millennium, Thomson Locations: Belgium, Newport , Rhode Island, U.S, German, New York

☆ Remember when Paris Hilton channeled ‘Barbiecore’ to a Britney Spears’ 2001 concert?
▼ + stars: | 2023-06-22 | by ( Faye Bradley | ) edition.cnn.com time to read: +5 min

And in November 2001, the hotel heiress made a fashion statement that etched itself in the annals of noughties style. To top it off, she wore a tiara, applied a glossy pink lip and pink eyeshadow and clutched onto a furry Barbie-branded handbag. At just 20 years old, Paris Hilton — pictured here with Nicole Richie as the pair attended a Britney Spears concert in Las Vegas — was already being dubbed a culture-defining noughties "It Girl." In a playful mauve take on the label's classic tweed separates, Naomi Campbell walks the runway during Chanel's Spring-Summer 1994 show. Paris Hilton walks the runway during Versace's Spring-Summer 2023 show on September 23, 2022 in Milan.

Persons: CNN —, Paris Hilton, Greta Gerwig, Margot Robbie, July’s, Barbie, Hilton, bestie Nicole Richie —, Britney Spears, Nicole Richie, Las Vegas —, ”, —, Paris, Oscar de la, Christian Dior, Ralph Lauren, Barbiecore, supermodels Naomi Campbell, Claudia Schiffer, Carla Bruni, Naomi Campbell, Michel Arnaud, Corbis, Thierry Mugler’s, Herve Leger, Cindy Crawford, Karen Mulder, Eva Herzigova, Moschinos’s, Mattel’s plaything, Vittorio Zunino Celotto, Barbie dreamhouse, Mary Jane heels, She’s Organizations: CNN, Paris, New, Hollywood Locations: ”, Las Vegas, Paris, New York, Los Angeles, tweed, Couture, Milan, Bahamas

☆ The hedge fund industry is reaching a tipping point: Grow up or go bust
▼ + stars: | 2023-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.

Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London

☆ Twitter hit with $250 million lawsuit from music publishers over alleged copyright infringement
▼ + stars: | 2023-06-15 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —Music publishers sued Twitter for more than $250 million in damages on Wednesday, alleging that the social media platform “breeds massive copyright infringement that harms music creators.”The lawsuit alleges that for years, Twitter has allowed users of its platform to share copyrighted songs without a license. Twitter’s alleged permissiveness around users sharing copyrighted songs, combined with the social network’s promotion of tweets with copyrighted music, has unlawfully helped fuel the company’s growth, according to the National Music Publishers’ Association, whose members include Universal, Sony and Warner Music Group. “Providing free, unlicensed music gives the Twitter platform an unfair advantage over competing platforms, such as TikTok, Facebook, Instagram, YouTube, Snapchat and others.”Twitter’s competitors, the music publishers said, all pay licensing fees to rightsholders for the ability to use the copyrighted music. The lawsuit cites the sweeping layoffs under Musk’s ownership that have eliminated entire teams at Twitter. It also highlights Musk’s own views on copyright, including a screenshot of two of his tweets from prior to the acquisition.

Persons: Elon Musk, Twitter’s, Mariah Carey’s, Mark Ronson’s, ”, Bruno Mars, Snapchat, Twitter didn’t, ” Musk Organizations: Washington CNN — Music, Twitter, Elon, National Music Publishers ’ Association, Universal, Sony, Warner Music Group, Facebook, YouTube, Copyright, Federal Trade Commission, Court, Middle, Middle District of Locations: Funk, Middle District, Middle District of Tennessee

☆ Where is the best place in New York City for a finance office?
▼ + stars: | 2023-06-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.

Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York

☆ Nishiyama Onsen Keiunkan: What it’s like to stay at the world’s oldest hotel
▼ + stars: | 2023-06-09 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +8 min

Minobu, Japan CNN —Tucked deep in the mountains of Japan’s Yamanashi prefecture, the Nishiyama Onsen Keiunkan has tatami floors, kimono-sporting staff and signs in handwritten calligraphy. But its popularity received a huge boost in 2011 when the Guinness Book of World Records designated Nishiyama Onsen Keiunkan as the oldest hotel in the world. The front entrance of Nishiyama Onsen Keiunkan. Courtesy Nishiyama Onsen KeiunkanLearning to let goStandard rooms at Nishiyama Onsen Keiunkan have three sections: two sitting areas and one living space. To solve this, he took over the original shares of the business and created the Nishiyama Onsen Keiunkan Limited company.

Persons: Japan CNN —, that’s, Fujiwara, Naruhito, ”, Michiyo Hattori, Mayumi Maruyama, they’re, Kenjiro Kawano, CNN Kawano, Kawano, “, Kawano couldn’t, ” Kawano Organizations: Japan CNN, World Records, Mount, ”, Staff, CNN, Keiunkan Limited Locations: Minobu, Japan, Yamanashi, Tokyo, Shizuoka, Mount Fuji, It’s

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