The Boston-based fund, which manages about $30 billion, posted high-single-digit gains for 2019 in a year when the stock market surged by 30%.
January 24, 2020   |   View Online »
 
Billionaire Seth Klarman blames low rates and 'capitalist excess' for his fund's languishing returns — and says we've seen only the 'tip of the overvaluation iceberg'

Billionaire Seth Klarman blames low rates and 'capitalist excess' for his fund's languishing returns — and says we've seen only the 'tip of the overvaluation iceberg'

Bradley Saacks | The Boston-based fund, which manages about $30 billion, posted high-single-digit gains for 2019 in a year when the stock market surged by 30%.

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SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to add a credit card alongside its debit card

SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to add a credit card alongside its debit card

Shannen Balogh | The SoftBank-backed startup has a debit card on the market, which runs on Visa rails, according to its website. Mastercard will now be the exclusive card issuer for SoFi.

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The alt-data industry is having growing pains after its sudden glow up — and insiders are looking at new pricing models and unlikely customers

The alt-data industry is having growing pains after its sudden glow up — and insiders are looking at new pricing models and unlikely customers

Bradley Saacks,Dan DeFrancesco | Alt data has been forced to grow up quickly: investors poured in, data powerhouses have carved out their space, and promising companies have flopped.

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Elon Musk is working on SpaceX's Mars rocket ship in Texas while other top executives flock to Davos. A local thinks the CEO is using an historic home as a crash pad — take a look inside.

Elon Musk is working on SpaceX's Mars rocket ship in Texas while other top executives flock to Davos. A local thinks the CEO is using an historic home as a crash pad — take a look inside.

Dave Mosher | The SpaceX founder is pushing workers to develop a revolutionary rocket launch system at a breakneck pace in a hamlet called Boca Chica, Texas.

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Worked 'like a rented mule': A truck driver claims an Amazon contractor forced him to drive for up to 30 hours straight in a new lawsuit

Worked 'like a rented mule': A truck driver claims an Amazon contractor forced him to drive for up to 30 hours straight in a new lawsuit

Rachel Premack | This Amazon challenge is the latest in a slew of trucking lawsuits in recent years demanding that companies pay drivers for their breaks.

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Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly evolving

Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly evolving

Rebecca Ungarino | The new Merrill Lynch client associate training underscores different career paths opening up in wealth management as the role of adviser changes.

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Jeff Bezos' 'shadow' adviser position is empty for the first time in years as Amazon and his personal life face unprecedented scrutiny — here are the 7 most successful executives who once filled that role

Jeff Bezos' 'shadow' adviser position is empty for the first time in years as Amazon and his personal life face unprecedented scrutiny — here are the 7 most successful executives who once filled that role

Eugene Kim | The decision to leave the shadow position vacant suggests Jeff Bezos may be spending more time on non-Amazon issues.

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Bret Taylor explains how he worked his way up to COO of Salesforce, only a few years after selling his startup to the company for $750 million

Bret Taylor explains how he worked his way up to COO of Salesforce, only a few years after selling his startup to the company for $750 million

Paayal Zaveri,Nicholas Carlson | Bret Taylor is now the chief operating officer of Salesforce, taking on a greater leadership role with more influence over the future of the company.

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4 top YouTube creators told us their yearly incomes from the platform

4 top YouTube creators told us their yearly incomes from the platform

Amanda Perelli | We spoke with four YouTube creators — Shelby Church, Kevin David, Sienna Santer, and Andrei Jikh — who broke down how much money YouTube paid them.

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Meet the power-player execs running NBCU's Peacock, Comcast's big bet to challenge Netflix and rule ad-supported streaming

Meet the power-player execs running NBCU's Peacock, Comcast's big bet to challenge Netflix and rule ad-supported streaming

Ashley Rodriguez | The execs leading NBCU's Peacock include boss Matt Strauss, content head Bonnie Hammer, ad exec Linda Yaccarino, and NBCU CEO Jeff Shell.

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