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The ‘Quant King’ who shook the world of hedge funds with his secretive Renaissance Technologies has died at 86
Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine, has died. more
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Real-estate billionaire Barry Sternlicht puts his finger on the ‘impossible’ thing holding Miami back from really becoming Wall Street south: the schools
Sternlicht moved his real estate company Starwood Capital Group to Miami in 2018, but he says a lot more companies want to “move down” and can’t. more
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Philadelphia jury hits Exxon with $725.5 million verdict on mechanic’s claim that he got cancer from benzene exposure
Exxon called the verdict “irrational” and said it would ask the court to reverse it before it becomes final.  more
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After getting billions in federal funding Amtrak is ‘trying to claw 19th century and 20th century assets and pull them into the 21st century,’ CEO says
Rail infrastructure in the U.S. faces a backlog of repairs worth billions of dollars. more
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Supreme Court takes on Flo Rida case, wading into unsettled area of copyright law
The question of how far back damages can go has split appeals courts, and industry groups like the Recording Industry Association of America have called on the Supreme Court to decide. more
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Inside a Harlem charter school's unprecedented plan to give students $10,000 to invest—'the parents will definitely lose their minds'
The goal of Harlem Children's Zone new program is to close the racial wealth gap. more
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Hundreds of Virgin Hotels workers walk off the job as union organizers claim 48-hour strike is under way
The Culinary Union Local 226, the largest in Nevada, said the action marked its first strike in 22 years. more
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Birthing mothers’ near-death experience rates are 100 times higher than maternal mortality—and we don’t even know exactly why
For each death, there are 100 women who come close to dying, which is terrifying and unacceptable in the 21st century. more
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Health system operating across 19 states diverts ambulances, blocks access to medical tests after cyberattack
An Ascension spokesperson said it detected “unusual activity” Wednesday on its computer network systems. more
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Jack Dorsey criticizes Bluesky for straying from decentralized ethos
Dorsey criticizes Bluesky's move from decentralization, stressing the importance of adhering to a protocol that supports free speech. The post Jack Dorsey criticizes Bluesky for straying from … more
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Tether refutes Deutsche Bank research revealing stablecoin solvency risks
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto … more
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Canfor to shutter B.C. sawmill, curtail Prince George pulp mill
Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" … more
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Cancer survivor says embryos created with an ex-husband are her last chance to conceive a child. Ex-husband wants to avoid procreating against his will.
A Virginia judge will rule on the treatment of two embryos created by a couple that divorced. more
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Caramelized garlic steak in salads and protein bowls raises carbon-neutral concerns
Sweetgreen’s rationale for the controversial menu addition this week includes using regenerative farming. more
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Microsoft employees stunned after it shuttered multiple Xbox video-game studios
These cuts at Xbox come amid a wider contraction in the video-game industry due to economic shifts following a period of rapid growth during the pandemic. more
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Billionaire Florida transplant says elite school shortfall in Miami hampers expansion
Competition over spots in the handful of highly ranked private institutions has been fierce, and efforts to lure in new schools have collapsed. more
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Amid Tesla’s bloodletting, top exec sends Musk a message: The company has 'taken its pound of flesh'
Lead exec in charge of product launches resigned suddenly after seven years. more
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‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy
“As you know, the consumer is under pressure, especially the lower income households,” Tyson's Chief Growth Officer Melanie Boulden said. more
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Hugh Grant speaks for all on Apple’s horrific new ad: ‘The destruction of the human experience. Courtesy of Silicon Valley’
The ad shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years to produce a new iPad Pro. more
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GM confirms the death of the Chevy Malibu, the last Detroit midsize model
Last year midsize cars made up only 8% of U.S. new vehicle sales, but it was 22% as recently as 2007. more
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Gen Zers only plan to have one kid—and that’s bad news for our graying nation
The number of young women who don't want more children has almost doubled over the last five years. more
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Even after cramming its video game with Walmart ads and billboards, Roblox struggles to tap into the wallets of extremely online Gen Alpha
The gaming platform this week reported its lowest growth rate in gaming time in two years. more
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Trump promises oil execs to end EVs once and for all in exchange for $1 billion in campaign donations, Washington Post reports
The presidential candidate vowed to kneecap the already beleaguered EV sector in a meeting with oil execs. more
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How college dropout and SmartSweets founder Tara Bosch went from a McDonald's job to selling her company for $360 million
The 29-year-old, who has an estimated net worth of $200 million, is still the majority owner in her low-sugar candy company that made her a millionaire. more
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Boeing-made jet caught fire and veered off a runway, forcing passengers to escape
It was the third incident involving a Boeing airplane this week. more
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