Author: Editor

The market is moving fast. Hedge funds are trying to move faster.With some of the market’s reliable tech winners slowing down, hedge funds are digging deeper into company fundamentals and leaning into the “hedge” part of their name.An October report from Goldman Sachs’ prime brokerage desk found that hedge funds were close to a five-year high in short bets. At Robin Hood’s closed-door investor conference in New York in October, Bayberry Capital founder Angela Aldrich revealed that she was launching a short-only strategy to complement her flagship long-short fund, according to two attendees who heard her presentation.Aldrich, an alum of…

This as-told-to essay is based on a conversation with Taylor Kelly, the 34-year-old founder of Eventful ATL, who lives in Atlanta. The following has been edited for length and clarity.If you’d asked me in the beginning if my side hustle of candle-making classes would become a business a year later, I would’ve had no clue.It went from $2,000 in revenue in 2023, when it was an evening and weekend side gig, to $16,000 in 2024, when I created a legal business entity: Eventful ATL.Then, in 2025, I was laid off from my corporate job.It gave me more flexibility to really…

The busiest day of the year for Uber and Lyft drivers is almost here.While you might guess that New Year’s Eve or St. Patrick’s Day would draw the most rider demand as people go out partying, Halloween actually wins the prize for ride-hailing drivers in the US, according to ride volume data and comments from executives.The culmination of spooky season is likely to be big again this year, with Halloween falling on a Saturday, giving people more time to party — and creating more demand for rides.Last year, the most ride-hailing trips occurred on October 31, according to Gridwise, a…

The New York venue was bustling with executives, some of whom governed companies with thousands of employees.I met my first one within seconds of walking in.On Thursday, I attended Business Insider’s The Long Play event at Perelman Performing Arts Center. (Full disclosure: Business Insider is my employer, and you’re probably reading this on its website.) I entered the event with a mission: to chat, network, and maybe learn a thing or two about my own career. Workplace debates and startup chatter filled the air at Business Insider’s The Long Play.  Carl Timpone/BFA Mingling among the crowd, I chatted with the…

Alex Rodriguez says baseball taught him the value of failure. Speaking on Friday’s episode of “The Sebastian Maniscalco Show,” Rodriguez said his professional baseball career shaped his approach to managing his business, A-Rod Corp.”I think the greatest thing that I’ve learned from sports is to develop thick skin, because baseball specifically is a major sport of failure,” Rodriguez said.The former baseball player said he ranks fifth all-time in strikeouts in the history of the game.”That means only four people in the history of mankind have failed more than me, right?” Rodriguez said. “I often tell my girls I have a…

For WeWork’s CEO, Fridays are for sneakers. Sometimes.At Business Insider’s The Long Play event on Thursday, John Santora told Deputy News Chief Cadie Thompson that he rebuilt WeWork in part by establishing a sense of trust and decorum among employees.In pursuit of that goal, Santora instituted a dress code for employees, but also gave them one day a week to work from home.”I didn’t have the ability to go watch my son play a 3 o’clock baseball game,” Santora said, adding, “We have to give our employees that flexibility to do all that.”Santora, formerly the chief operating officer at Cushman…

Ten years after making history as the first plus-size model on the cover of the Sports Illustrated Swimsuit Issue, Ashley Graham has built a business portfolio spanning skincare and clothing to baby care and alcohol.The 38-year-old supermodel turned businesswoman spoke at Business Insider’s The Long Play event in New York City on Thursday to discuss her breaking barriers in fashion and navigating the difficult world of investment and entrepreneurship.”I realized quickly that my body is my business,” she told Business Insider’s Leena Rao. “So how can I scale this?” Follow along with our coverage of Business Insider’s The Long Play…

Before Smartbird was powering large language models, it was making shoes.The CEO of the AI infrastructure company, Nadia Carlsten, spoke about the transition with chief correspondent Ben Bergman on Thursday at Business Insider’s The Long Play.Its roots are the sustainable sneaker company Allbirds, which skyrocketed in the late 2010s. The shoes were particularly popular among the Silicon Valley crowd. Allbirds went public in 2021 before the market turned on many direct-to-consumer businesses. The stock quickly fell, and it sold to American Exchange Group in March for $39 million.”The short answer is the shoe business wasn’t doing that well,” Carlsten said.The…

Strauss Zelnick is relentlessly focused on making “the best entertainment on earth.” There’s no confusion about that mission among his employees, he said.”I have 13,000 colleagues,” the Take-Two Interactive CEO said at Business Insider’s The Long Play event in New York City on Thursday. “100% of them can and will tell you exactly what I just said.”His management philosophy — “establish a mission, establish a strategy, and promulgate collective culture” — is about to get its biggest test in years.Take-Two is the publisher behind popular games like “Red Dead Redemption” and “NBA 2K,” and, on November 19, they’ll launch a…

Signage outside Rivian’s offices in Palo Alto, California, Dec. 10, 2025.Jason Henry | Bloomberg | Getty ImagesRivian Automotive beat Wall Street’s third-quarter earnings expectations as it ramped up production of its new R2 entry-level SUV that the company has promised investors will lead it to profitability.Here’s how Rivian performed in the period ended Sept. 30, compared with average estimates compiled by LSEG:Loss per share: 48 cents adjusted vs. loss of 62 cents expectedRevenue: $2.16 billion vs. $1.99 billion expectedShares of Rivian were up roughly 7% during afterhours trading Thursday, after hitting a new 52-week low of $11.38 earlier in the…