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Michael Burry of “The Big Short” fame has terminated his hedge fund’s SEC registration, signaling that he’ll no longer manage money for external clients.Scion Asset Management was deregistered on Monday, according to regulatory disclosures. Burry’s fund managed about $155 million for four accounts in late March, per its most recent Form ADV filing.Burry posted a screenshot of Scion’s terminated status in an X post on Wednesday evening. The contrarian investor foreshadowed the move in a previous post on October 30, his first since April 2023.So, I bought 50,000 of these things for $1.84.Each of those things is 100 doodads. So…

Some unionized Starbucks baristas are tired of waiting for a contract.It’s Red Cup Day when Starbucks, which is in the middle of a massive turnaround campaign, gives away reusable cups and usually rakes in record sales. Today, more than 1,000 baristas are walking off the job, in hopes that the coffee giant sits down to finalize their first contract.Baristas at more than 65 stores across 40 US cities launched their strike on Thursday, disrupting the historically major sales promotion. In 2024, Red Cup Day at Starbucks drove a 42.4% spike in daily visits relative to an average Thursday, according to…

The calls came in one by one. 7:45 a.m. for one, 8:06 a.m. for another.The conversations were brief, but the message was the same. Each recipient had been selected as a member of Goldman’s 2025 class of new managing directors, comprising 638 out of the firm’s roughly 48,000 employees. The MD title puts them just one rung beneath its powerful cadre of partners.Bering Tsang, a newly promoted MD in healthcare mergers and acquisitions, recalled when Matt McClure, one of the firm’s three global co-heads of investment banking, called him on Thursday morning to break the news.”I froze for a second…

This as-told-to essay is based on a conversation with Shivam Sagar, a 28-year-old senior software engineer at Aragon AI, based in northern India. The following has been edited for length and clarity.I wish I had fully appreciated the difference in pace and rhythm of a small team before I joined one.Last year, when I switched jobs, I went from an organization with a few dozen engineers to one with only six, including our CTO. On a large team, roles and processes create a natural structure. On a team under 10, that disappears overnight.I underestimated how mentally tiring the individual pressure…

Starbucks employees participate in an open-ended strike, as part of a nationwide push for improved wages and benefits, in New York City, U.S., November 13, 2025. Eduardo Munoz | ReutersStarbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year.The protest, which the union says involves more than 1,000 baristas in over 65 stores, comes after Workers United voted to authorize an open-ended strike after baristas and the coffee giant failed to reach a collective bargaining agreement.The strike could hurt business during Starbucks’ busy holiday…

Morgan Freeman, 88, says he has no plans to retire just yet.Speaking to AARP in an interview published on Tuesday, the actor spoke about his desire to keep acting and how he’s approaching aging with purpose.”There is a saying about old age — ‘Keep moving’ — and what Clint Eastwood, 95, says: ‘Don’t let the old man in,'” Freeman told AARP. “The way to do that is to keep getting up in the morning, keep working out in the gym, keep taking your vitamins, keep taking your prescribed meds, and keep moving. Keep moving. That is the secret to it…

A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report quarterly earnings on Thursday, and Wall Street will once again be focused on updates from the company’s media business — particularly when it comes to traditional TV and streaming.Here is what Wall Street is expecting Disney to report for its fiscal fourth quarter, according to LSEG:Earnings per share: $1.05 expectedRevenue: $22.75 billion expectedThis will mark the last time the company…

The chaos from the government shutdown might not be over — even as Capitol Hill reopens its doors.The longest shutdown in US history ended on Wednesday, with the House reaching an agreement to fund the federal government through January 30. President Donald Trump signed the bill on Wednesday night.It sets aside money for agencies like the Food and Drug Administration and the Department of Veterans Affairs through 2026.The 43-day-long shutdown disrupted everything from benefit programs to air travel to employee paychecks. And, though federal agencies are resuming operations, it could take longer for Americans’ lives to return to normality.Here’s what…

Congress on Wednesday passed a budget agreement that ended the government shutdown after 43 days.The bill passed late Wednesday evening in a 222-209 vote, with six House Democrats backing the Republican-led measure. President Donald Trump signed the bill on Wednesday night.The package temporarily funds and reopens federal agencies through January 30.The bill landed in the House after it cleared the Senate on November 9. That Senate vote came after a prolonged standoff, during which a group of Democratic and Independent lawmakers cut a deal with the GOP to move the legislation forward.Alongside securing general government funding through January 30, the…

New York Attorney General Letitia James joined a Condé Nast union rally on Wednesday, calling on the company to reinstate four staffers who were fired after a confrontation with the company’s HR head.”Let’s be clear: New York is a union town,” James said. “Let’s also be clear: the right to organize is enshrined in our laws. And as the attorney general of the state of New York, it’s my entire responsibility to ensure that the laws are enforced.””Condé Nast, I’ll see you in court,” she said.The gathering took place outside Condé Nast’s headquarters in New York’s 1 World Trade Center…