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September’s bond market pain has stung Diego Megia’s $9 billion hedge fund Taula Capital.The firm’s TSO fund — which runs a concentrated strategy that made a large bet on European interest rates going down — is down 12.8% through September since it launched six months ago, two people familiar with the matter told Business Insider. The strategy lost 12.2% in September alone, the two people said, meaning a vast majority of the fund’s losses came last month.The firm raised $1.5 billion for the young fund in March, and backers can’t redeem their capital until next spring, the people added.Taula declined…

Airplanes are parked at their gates at President Donald J. Trump International Airport on July 09, 2026, in Palm Beach, Florida. Joe Raedle | Getty ImagesUnited Airlines wants you to defect from your airline.The carrier is in the middle of an unusually pointed status-match campaign to woo travelers who have earned a spot in elite frequent flyer tiers with Delta Air Lines and American Airlines by offering similar treatment at United.Here’s how it works: Travelers with any tier of elite status on Delta or American will be granted United status for 90 days.To keep it through Jan. 31, 2028, they’ll…

Former Olympic canoeist David Hearn, left, and his attorney Norm Eisen, right, leave D.C. court with a smile in early September after a hearing about the dismissal of his vandalism charges. Mark Schiefelbein/AP hide caption toggle caption i Mark Schiefelbein/AP A judge has dismissed with prejudice the government’s vandalism charges against former Olympic canoeist David Hearn. That means federal prosecutors cannot refile them in the future, despite President Trump’s public demands to do so. In fact, as D.C. Superior Court Judge Todd Edelman explained in a 26-page ruling released Thursday, the case should be permanently closed in large part because…

The confusion grows for student-loan borrowers transitioning off a key repayment plan.The deadline for the first wave of borrowers to leave SAVE, a Biden-era income-driven repayment plan, was September 29. However, some borrowers who didn’t pick a new plan within their 90-day window might have more time.A Department of Education spokesperson confirmed to Business Insider that borrowers who received their initial notice to leave SAVE “on or around July 1” have received a final 30-day notice to pick a new plan and leave on their own terms, and did not specify how many borrowers received the notice.”This is your FINAL…

New York City is expensive, even when you’re employed. If you happen to be job hunting, that expense hits even harder.In 2024, about a year after I was laid off, I was facing a difficult decision: Should I stay in NYC, drain the rest of my savings, and hope to land a job soon? Or should I, an adult in my 30’s, just call it and move back in with my parents in the New England suburbs?My pride reared up against leaving. It felt like an admission of defeat and giving up a part of myself. After all, who was…

Bob Chapek says if he could go back in time, he’d have a simple answer to being offered the role of Disney CEO: “No.”Chapek’s short, turbulent time in the top job was marked by his clash with Bob Iger, his predecessor-turned-successor. Chapek said he felt like he’d been left with a “tattoo of a legacy” of Iger, who was Disney’s top exec from 2005 until Chapek took over in February 2020, and served again from November 2022 to March of this year.”I feel that’s tremendously unfair, not only given the circumstances upon which I took the job, but the fact…

Halloween has always been more of a lifestyle than a holiday for me, much to the chagrin of my husband and family.Although I worked at Spirit Halloween — the seasonal chain known for taking over empty storefronts — for three years, I’ve been a longtime customer and have even joked that the store was created just for me.Here are nine mistakes I saw customers make while shopping for their costumes and seasonal decor at the popular Halloween chain.Only coming into the store once per seasonOne of the biggest mistakes I saw customers make was only visiting once per year. The…

Students walk on the campus of Cornell University on Wednesday in Ithaca, N.Y. Spencer Platt/Getty Images hide caption toggle caption i Spencer Platt/Getty Images The woman who alleges she was gang raped by fellow Cornell University students in 2024 clearly stated in her statement to police two years ago that she was sexually assaulted. That’s according to her attorney, Thomas Giuffra, who confirmed to NPR that his client told investigators, “I can say with 100% percent confidence I was raped,” citing transcripts from Jane Doe’s sworn statement in 2024. NPR asked Giuffra to specifically confirm on the record to NPR…

Nike is expected to report fiscal first-quarter earnings after the bell Thursday as the retailer struggles to maintain relevancy and sales growth under CEO Elliott Hill.Former Chief Financial Officer Matt Friend previously said the sneaker company expects sales for the first two quarters of fiscal 2027 to be “flattish,” especially as it sees a sales slump in China, a once-lucrative market for the business. Former Pfizer executive David Denton took over as CFO in August.Still, Nike said it expects its gross margin for the first fiscal quarter to be slightly positive compared with the prior-year period.Here’s what the company is…

General Motors on Thursday reported a year-over-year sales decline of 5.5%, with 670,974 new vehicles sold during the third quarter.GM’s sales of all-electric vehicles are down across the board, as enthusiasm for EVs wanes. EV demand spiked last year ahead of the Trump administration ending up to $7,500 in federal incentives for consumers to purchase an electric vehicle. During the same period last year, GM reported record sales of its electric vehicles.Against those comparisons, EVs this year saw dramatic drops, with the Equinox EV down 92.4% during the most recent quarter, at 1,905 vehicles sold. The Blazer EV was down…