Author: Editor

Leon Black, the founder and former CEO of Apollo Global Management, filed a lawsuit against the House Oversight Committee, which is investigating convicted sex offender Jeffrey Epstein. Black is seen here arriving for an earlier session of the panel, on June 26. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images Billionaire Leon Black was scheduled to testify about his dealings with convicted sex offender Jeffrey Epstein under a subpoena from the House Oversight Committee on Thursday morning. But instead of appearing, Black filed a lawsuit against the committee and its Republican chairman, accusing them of overstepping their authority.…

Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July.Ken Griffin’s Citadel followed a record-breaking July with 0.1% gain in August, putting the Miami-based firm’s 2026 gains at 12.1%, a person close to the manager said.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 firm’s returns, and has gained 0.5% in 2026.Fast-growing Dymon Asia lost 1.1% while LMR gained just 0.3% in its multistrategy…

An election worker processes mail-in ballots in June in Industry, Calif. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images The Trump administration has asked the Supreme Court to lift a block on the U.S. Postal Service plan for President Trump’s attempt to restrict mail-in voting for the midterm election. For now, key parts of that plan are blocked by a temporary restraining order from a federal judge in Boston. As the legal fight over Trump’s mail-in voting order continues, here’s what to know about the state of voting by mail for the midterms: Has the USPS plan directly…

Twenty-six months after its debut, Jain Global 1.0 ended how it started — with a minor loss.In August, its final month managing cash for outside investors, the hedge fund lost 0.2%, putting 2026 returns at 3.7%, according to a person familiar with the fund.The fund offers a cautionary tale for those aspiring to launch their own multistrategy fund.The buzziest launch in years, Bobby Jain’s firm began trading in July of 2024 and lost money in its first two months. Net returns were dragged down by the high costs of starting a new firm with seven different investing businesses, and by…

Erin Piacenti had finished her first day back from maternity leave at Bank of America on Monday afternoon, when she was fatally stabbed in Times Square. A few days after her death, a GoFundMe page to support her five-month-old, Madison, has raised more than $650,000.Piacenti, who was 32 when she died, was a vice president at the firm’s Business Selection and Conflicts group, the team responsible for analyzing new potential business mandates in the investment bank. She’d been at the bank for around 18 months before Monday afternoon, when Pamela Cisneros, 49, fatally stabbed her in the abdomen in what…

Immigration and Customs Enforcement officer Christian Castro gets into a car surrounded by news reporters moments after being released from the Carrizalez-Rucker Cameron County Detention Center in Brownsville, Texas on Aug. 27, 2026. Michael Gonzalez/AP Photo hide caption toggle caption Michael Gonzalez/AP Photo Federal prosecutors are charging an officer with Immigration and Customs Enforcement for lying to investigators about a shooting of a Venezuelan man in Minnesota earlier this year. The criminal case is not yet public but was confirmed by a person not authorized to speak publicly about an ongoing investigation. The charges represent a rare moment of the…

YouTube sports collective Dude Perfect is losing its first CEO, Andrew Yaffe, after about two years in the role, a company rep confirmed.Patrick Hurley, a principal at BP Capital Fund Advisors and an advisor to Dude Perfect, will serve as interim CEO. The company has hired a firm to begin the search for a permanent chief executive.A joint statement from the company’s board and Yaffe said the change was a mutual decision.”After two years of strong growth, Andrew and the Board have decided that now is the right time for new leadership at Dude Perfect. As the social media landscape…

This as-told-to essay is based on a conversation with Kori X, who is based in Phoenix. They were originally laid off from Uber in 2023, returned this year as an evaluations specialist on the GenAI team, and were laid off again. Their words have been edited for length and clarity.I was first laid off by Uber in 2023 after working my way up through multiple roles. When I woke up yesterday morning and saw the email that four months after I had rejoined the company, I was being laid off again, I wanted to throw my phone at the wall.I…

BUSAN, SOUTH KOREA – 2026/06/27: People seen experiencing the BYD Sealion 6 DM-i during the Busan International Mobility Show 2026 (BIMOS 2026) at BEXCO. Busan International Mobility Show 2026 (BIMOS 2026) is happening from June 26 to July 5. The event which includes city wide pop-ups is promoting the integration of eco-friendly consumer vehicles, autonomous driving, AI, urban air mobility (UAM), robotics, and marine transport tech. (Photo by Simon Shin/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesDETROIT — Major automakers operating in the U.S. are increasing pressure on Congress to permanently ban the domestic sale, import and…

American shoppers are waving some red flags that hint at a recession in the next year, one legendary economist is warning.Gary Shilling, the Stanford economist and Merrill Lynch alum best-known for calling the dot-com bubble and 2008 housing crisis, is doubling down on his view that the US will likely enter a recession sometime in the coming 12 months.In a note this week, Shilling pointed to one particualr area of concern in the economy: the US consumer.Households are flashing warning signs as energy costs remain elevated and interest rates look poised to remain higher for longer.”Consumers are signaling that all…