Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July. Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the
Ray Kurzweil, the pioneering AI scientist and Google researcher and “AI Visionary,” is joining a Silicon Valley startup developing a method to put computers in the brain by snorting nano particles. Subsense, a four-year old company developing brain computer interface technology, announced the news alongside Kurzweil at an event at its Palo Alto, California headquarters
Investors got a reprieve on Thursday as the bond market regained its footing following a global sell-off earlier in the week. A rout in global bonds on Tuesday that sent yields spiking was partly reversed on Thursday, with investors cheering as US Treasury yields dropped from multi-year highs. The move appeared to be largely driven
AI is expanding faster than any technology in history, propelled by competing hyperscalers and millions of users. And as a result, the data centers built to enable this growth have drawn scrutiny from communities and across party lines, including concerns over higher electric bills. But there’s also an emerging imbalance: OpenAI, Google and Meta can
This story is based on an interview with Angela Cheng-Cimini, 56, a veteran HR professional who lives near Baltimore. It has been edited for length and clarity. A few years ago, my husband, Michael, and I started losing friends who were around our age. Three, in particular, died of pancreatic cancer, which was very sudden.
The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
