Author: Editor

We spent New Year’s Eve wearing paper crowns at a cozy New England restaurant that felt like a living room. The owner stopped by our corner booth while he worked the room; our friends, who run their own bakery, slipped away to say hi to some regulars. Loading audio narration… My husband leaned over and said, “I love this.”The year before, we had been wall-to-wall at a roller-rink club in Brooklyn. Although we had a good time, sitting in that small-town restaurant — watching fireworks over the river — felt like exactly where we were meant to be.There was no…

Kalshi’s legal battle with states is heating up. Loading audio narration… Arizona Attorney General Kris Mayes on Tuesday filed criminal charges against the online gambling company — a first for the company that lets people bet on real-world events, from who will win a pro sports game to the weather.Mayes’s 20-count filing against the prediction market platform includes 16 charges of operating an unlicensed gambling business and four charges of election wagering.”Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate…

A Gilded Age Manhattan townhouse, the subject of a contentious and lengthy bankruptcy battle by two sisters in their 80s, has been sold for $34.5 million. Loading audio narration… The sale, to an LLC whose owner has remained anonymous, closed Tuesday, according to court documents.Fashion heiress Marianne Nestor and her sister, Peggy Nestor, both self-represented, had fought against foreclosure for six years and in at least three courthouses, most recently in federal bankruptcy court in Manhattan.”Miserably difficult,” their main opponent, bankruptcy trustee Albert Togut, said during a hearing last week, in describing his war with the litigious siblings — including…

This as-told-to essay is based on conversations with Amit Jain and Raghav Saraf, cofounders of Bengaluru-based agentic AI startup Zamp. It has been edited for length and clarity.Raghav Saraf: I joined Zamp four days after my last high school exam ended in 2022. I met Amit at a blockchain hackathon I had participated in, where I built a payment gateway. My product was really similar to what Amit was trying to build at Zamp, and the hackathon organizer introduced us.Amit Jain: Before I founded Zamp, I was a managing director at Sequoia India and Southeast Asia based in Singapore, and…

Today, federal funding that states receive is under constant scrutiny. The Trump administration has repeatedly threatened to cut federal funding to Democratic-led states over issues like immigration, while also pursuing Medicaid reductions under the One Big Beautiful Bill Act.Ultimately, the amount of federal aid states receive varies widely by size and region, and across party lines.A WalletHub study, released earlier this month, determined how “federally dependent” each US state is, based on two categories: state residents’ dependency on federal funding and state governments’ dependency.They determined the first category by calculating each state’s return on federal taxes paid, a metric WalletHub…

2026-02-17T22:18:52.982Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Berkshire Hathaway bought a stake in The New York Times in Warren Buffett’s final quarter as CEO. The legendary investor’s company also pared its stakes in Apple and Bank of America again. Buffett stepped down at the start of this year after six decades in charge. Warren Buffett’s final…

The Supreme Court on Friday overturned the centerpiece of President Donald Trump’s tariff plans, ruling the federal government illegally collected over $133 billion in taxes from American businesses.Now comes the battle over refunds for tariffs paid, which Trump on Friday predicted could take years.”I guess it has to get litigated for the next two years,” he said at a White House press conference, while blasting the ruling as “terrible” and “defective.”US Secretary of the Treasury went a step further, saying about refunds: “I’ve got a feeling the American people won’t see it.”One reason: Over 1,000 companies have filed lawsuits to…

Private student-loan companies are gearing up for a big year ahead.President Donald Trump’s administration is preparing to roll out its sweeping student-loan repayment changes beginning in July. Those changes include new repayment plans and caps on federal borrowing for advanced degrees.Some companies see those changes as an opportunity for the private lending industry. During an earnings call last week, Jonathan Witter, the CEO of lender Sallie Mae, said that the company is “excited about the opportunity created by the recent federal student lending reforms.””These changes should reduce the likelihood of students and families taking on unsustainable levels of student debt,”…

Fox has teamed up with a top creator to help it crack the micro drama business.The entertainment company is partnering with Dhar Mann Studios in a multiyear deal to create scripted video series. The initial slate involves 40 series and will debut on micro drama platform My Drama. After that, Fox’s distribution arm will be able to sell it to other platforms.The deal represents a convergence of a couple of big trends in Hollywood. Traditional film and TV companies like Netflix and NBCUniversal have been stepping up work with independent creators to win back viewers from YouTube. They’re also exploring…

In a way, Tekmerion Capital is a throwback to an earlier era of hedge funds.Before mega funds like Millennium and Citadel shifted the $5.2 trillion industry toward more institutional “skill factories,” hedge funds were dominated by quirky characters trading niche markets and esoteric instruments.Zachary Squire certainly fits that bill. The chief investment officer of Tekmerion Capital, which will spin out of Brevan Howard next month with $1 billion in assets, Squire has the investing bona fides — with stops at D.E. Shaw, Bridgewater, and HBK — that would catch any allocator’s eye.Even in the eccentric world of macro investors, though,…