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New York billionaire set to buy America’s most expensive mansion for almost $200M By Jennifer Gould Keil October 24, 2019 | 5:32pm | Updated Enlarge Image Steven SchonfeldChad Rachman/New York Post MORE ON: LUXURY REAL ESTATE Hong Kong parking space sells for nearly $1 million Late...

I didn’t express myself well; I wanted to imply hedge funds lost big on an auto maker that day also.

Reminiscent of VW short squeeze 2008...

"The power of the pause is immeasurable. Doing nothing is an action." - Abigail Doolittle (@TheChartress)

“I saw the angel in the marble and carved until I set him free.” - Michelangelo

Hedge Fund Lab Launches Its Startup Fund Accelerator (PR.com) London, United Kingdom, October 23, 2019 –(PR.com)– Hedge Fund Lab, a multi-manager hedge fund platform, today announced the launch of its accelerator to support the next-generation fund managers with niche and innovative investment...

Billionaire Stock Picker Jeffrey Vinik to Shut Down Hedge Fund(The Wall Street Journal) Billionaire investor Jeffrey Vinik said he is closing his stock-picking hedge fund less than eight months after he started it, the latest sign of challenges facing the hedge-fund industry. The closure puts an...

Google says it’s achieved quantum supremacy. Here’s what it means. In a paper published Wednesday, Google announced it’s building a computer that can solve a quantum math problem in about 3 minutes. For comparison, the company says it would take the world’s largest supercomputers 10k years to...

Starting December 1st, China’s new MLPS 2.0 cybersecurity laws will require submission of a facial scan to receive internet access...

“Pressure is a privilege - it only comes to those who earn it.” - Billie Jean King

Nike CEO Nike CEO Mark Parker is stepping aside, though he will remain chairman of the board. Parker, who has been CEO for 13 years and last year apologized for not taking workplace culture complaints seriously, will in January be succeeded by board member and former eBay CEO John Donahoe. Fortune

JPMorgan, Morgan Stanley Continue to Dominate U.S. Sales The two banks lead II’s annual All-America Sales Team for the third year in a row. Alexandra DeLuca October 23, 2019FromThe All-America Sales Team 2019 ranking (Bigstock photo) The research business may be undergoing massive...

Spencer Dinwiddie wants to turn his NBA contract into an investment opportunity In September, Brooklyn Nets guard Spencer Dinwiddie announced his plan to cash in early on his 3-year, $34m contract extension by turning it into a digital investment channel. According to ESPN, the biz-savvy...

No one asked about your skin care routine: The waning influence of mega-influencers In recent years, the voyeuristic landscape of social media has given rise to a select strata of self-branded Instagram personas touting their effortless fashion and seemingly bottomless travel budgets. Though...

it may be cheaper to steal....

Fundraising Poison: Having ‘Governor of NJ’ on Your Resume? Chris Christie’s opportunity zone fund targeted $250 million — but has raised just $29 million. Leanna Orr October 21, 2019 Chris Christie (Joe Buglewicz/Bloomberg) Two former governors of New Jersey are striking out at gathering...

Hoping to take on the ‘Moneycrisp,’ a new apple is hitting grocery stores this December The Cosmic Crisp is the first-ever apple developed in Washington, AKA the real Big Apple. Named for the bright yellowish dots on its skin, like stars, the apple is sweet and crunchy. But -- unlike another...

Are you a victim of a data breach? Don’t expect a big payout A hacker exposed the personal information of about 24m Zappos customers back in 2012. Seven years later, Zappos has finally reached a settlement and it’s, urm, pretty messed up. As payment for Zappos not properly protecting your...

Amazon’s Marketplace woes extend to food products It’s more zaniness from the ’Zon. As CNBC reports, Amazon is regularly selling expired foods ranging from beef jerky to baby formula. Yummo. What’s the (expired) beef? It’s well established that Amazon Marketplace, which consists of millions of...

Inequality Figures Dollar millionaires now own around 44% the world's wealth, according to Credit Suisse's new Global Wealth Report, which also says there are now nearly 47 million millionaires out there (an increase of 1.1 million over the last year, mostly from the U.S., though China and...