Investors in Hedge Funds Extract Lower Fees for Subpar Returns
ExodusPoint is waiving fees if funds underperform cash after pressure from investors.
Starbucks’s New CEO Targets Hectic Stores, Overwhelming Menus
Brian Niccol says the chain must improve filling orders on time and make its cafes more welcoming.
Before Being Killed, Israeli Hostages Held in Tiny Tunnel With Bottles for a Bathroom
Israel’s military said the tunnel where the six hostages were held was between 2 and 3 feet wide and just over 5 […]
For Decades, the Swimming-Pool Industry Thought Small. Then Came Vance Gillette.
Gillette, who died at 75, charmed and prodded pool sellers to see their product not as concrete-lined holes that contain water. They […]
Southwest Airlines Overhauls Board Amid Activist Pressure
Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline’s board, under pressure from activist investor Elliott […]
U.S. Incomes Climbed Last Year, Census Bureau Says
Household incomes rose 4% from 2022 to 2023, the first rise since the start of the Covid-19 pandemic.
The New Stars of ‘My Brilliant Friend’ on Their Humble Roots and Bringing the Adult Characters to Life
Italian actresses Alba Rohrwacher and Irene Maiorino reflect on their upbringings, their passion for acting and developing the roles of Elena and Lila.
China Faces the Inevitable, Raising Its Low Retirement Age
A 1950s policy that lets women retire in their 50s and men at 60 is no longer tenable amid economic gloom and […]
An Ugly Picture Emerges for Cosmetics Makers in China
Once their most important market, sales are plunging, sending an economic warning signal.
Fed Backpedals on Plan to Increase Big Bank Capital
Banks spent over a year fighting earlier proposals that would have raised some banks’ capital buffers by nearly 20%.
Hedge-Fund Billionaire Paul Marshall Buys U.K.’s Spectator Magazine
Billionaire Paul Marshall, who chairs the London-based hedge-fund firm Marshall Wace, agreed to pay £100 million, or close to $131 million, for […]
Hedge-Fund Billionaire Paul Marshall Buys U.K.’s Spectator Magazine
Marshall, who chairs the London-based hedge-fund firm Marshall Wace, agreed to pay close to $131 million for the right-of-center weekly magazine, whose […]