Investing

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Brexit-Backing Billionaire Gains $300 Million After Johnson Win

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Some feared a Corbyn victory would do more damage to the British economy than a hard Brexit.

Wentworth Buys Hybrid B-D In New Jersey With $2.7B AUM

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The purchase of Aurora Private Wealth in Rockaway, N.J., is Wentworth's fifth acquisition.

Credit Suisse Sued By Ex-Banker Who Can't Get Job As Uber Driver

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Vadim Benyatov was arrested in Romania in 2006 and later convicted of espionage.

Art Dealer Vanishes In A Cloud Of Scandal

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Inigo Philbrick disappeared from public view after being hit by a wave of lawsuits accusing him of fraud.

Michael Bloomberg Responds To Criticism He's Trying To Buy Election

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The former New York mayor has already booked more than $64 million in television ads.

He Left Goldman To Hunt Fintechs And Now Catches Unicorns

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Steve McLaughlin's fintech advisory is on track for a record year, with revenue and profit more than doubling.

Steve Cohen Says Mets Won't Distract From His Investing 'Passion'

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Cohen is the latest in a string of marquee hedge fund managers to set their sights on a sports team.

Elon Musk's New Test: Keep Mouth In Check At 'Pedo Guy' Trial

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It’s the first time in his career that Musk will be called as a witness even though he is no stranger to litigation.

Homebody In A Hoodie: Hedge Fund Founder Builds Quant Paradise

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Employees marvel at his ability to calculate mathematical probabilities and apply them to almost everything.

Manhattan Luxury Condo Sales Moving Slowly, Even With Freebies

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The market has changed since 2012, when One57 tower in Midtown reached over $1 billion in purchases in six months.

Trump Campaign Says It Will Shut Out Bloomberg News From Events

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Trump's campaign blamed the news organization's decision to not investigate Democratic presidential candidates.

Billionaire Hohn Warns Firms To Step Up On Climate Change

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TCI’s warnings come as investors ramp up scrutiny of their holdings’ environmental impact.

Amazon Critics Rally At Bezos NYC Penthouse For Cyber Monday

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The protesters chanted “Bezos, Bezos you can’t hide, we can see your greedy side.”

Old Stock Exchange Buildings Are Being Turned Into Swanky Hotels

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New York isn’t the only city to decommission its trading floors; cities such as Manchester and Paris have, too.

Cowboys Owner Jerry Jones Says He's Hunting For More Gas Assets

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The billionaire owner of America’s Team is no stranger to contrarian investments.

Moore-Backed Macro Hedge Fund Stone Milliner To Shutter

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Stone Milliner joins a cohort of funds throwing in the towel as clients revolt against years of mediocre returns.

Oprah-Backed True Food Is Raising Capital To Fund Expansion

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Winfrey invested in True Food in 2018 and has a seat on the board.

Richest Of The Rich Are No Longer Holy Grail For Credit Suisse

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Credit Suisse is starting to focus on more mass affluent clientele in lieu of the ultra-wealthy.

NYC Council Targets GrubHub For Laws Protecting Restaurants

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The convenience of ordering food through online delivery platforms comes at a cost almost always paid by restaurants.

Rothschild Aided Czech Billionaire In 'Fraud,' Hedge Fund Claims

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Rothschild & Co. was added as a defendant in a lawsuit that involves an alleged $1 billion fraud.

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