Hedge fund founder and Citadel CEO
The pied-à-terre tax in New York City has taken effect, with rates up to 6.5% for non-primary luxury residences. Authorities anticipate $340 million to $500 million in annual revenue from roughly 10,000 units, while brokers report continued strength in luxury sales as market liquidity remains high.
The United States is pursuing a coordinated approach to Iran-related talks as Vice President JD Vance and Senator Marco Rubio push rival tracks on Middle East diplomacy. The White House is weighing frameworks to end the Iran war while negotiations over Lebanon and Israel shape the final agreement.
Sotheby’s has sold a 67‑million‑year‑old Tyrannosaurus rex skeleton nicknamed “Gus” for $50.1 million, the highest price ever paid for a dinosaur at auction. The specimen, about 61–63% complete, was excavated in South Dakota from 2021–23; scientists are warning that private ownership will restrict research access.
Rubio has won backing from key conservative Jewish circles, signaling a potential tilt in Republican support among American Jews amid ongoing debates over Israel policy and antisemitism. The Times of Israel reports rising enthusiasm for Rubio within MAGA-aligned Jewish voters, while New York politics coverage highlights similar concerns about antisemitism within Democratic leadership.
Apollo Global Management is in talks to back the Yankees with a debt-heavy financing package worth about $3 billion, as the franchise seeks to refinance obligations and fund expansion. The deal would mark Apollo’s largest US sports investment and underscores the growing financial heft of professional sports.
Miami-Dade County has seen 24 sales of properties above $30 million in H1 2026, roughly double the prior year, fueling expectations to surpass 2025’s record. The rise is tied to tax policy debates and growing tech presence, including Alphabet’s Miami expansion.
A high-profile AI-focused hedge fund has unwinded after massive leverage and a momentum crash. Citadel has stepped in to acquire many of its publicly traded holdings while the fund holds private investments, including Anthropic. Regulators and investors watch for how this affects AI infrastructure bets and market risk.
The Washington Post and Axios report growing criticism of JD Vance’s bid for Trump’s endorsement, with Journal editorial board pieces challenging his ambitions, temperament, and Iran stance; meanwhile The Guardian and Business Insider UK cover Adam O’Neal’s sudden departure from Post Opinions amid debatable reorientation of the section.
An appellate court in Brooklyn has stayed a Staten Island judge's temporary restraining order and briefly allowed New York City's new pied‑à‑terre surcharge rollout to resume while the city seeks an appeal. The lawsuit challenges the administration's notification and list release; the city has argued the pause would derail time‑sensitive implementation.
New York City’s pied-à-terre tax is under court challenge after a Staten Island judge temporarily halted its rollout. Mayor Mamdani defends the policy as a revenue tool while President Trump has called for federal intervention. The city plans an appeal, arguing the pause threatens time-sensitive implementation.
The new prime minister has unveiled cost-cutting and social policies, aiming to reshape Britain’s economy and welfare. Early polls show a boost in approval, while policy details will unfold at the budget in late October.
Citadel has posted strong July gains across its stock-picking, tactical trading, and Wellington funds. The month included a major portfolio acquisition from the failed Situational Awareness fund, allowing Citadel to ride a rebound in AI-related and tech names. While Citadel’s revenues look solid in 2026, several multi-strategy peers faced losses in July.
A journalist describes Yerevan’s Republic Square and Dancing Fountains, exploring the Pink City’s heritage, modern life, and recent tourism growth linked to direct flights from London and broader regional appeal.
JPMorgan Chase Chief Executive Jamie Dimon has warned that market leverage remains elevated, with hidden borrowing amplifying potential disruptions as analysts scrutinise leveraged ETFs and AI-driven bets. The remarks come amid recent stress at Situational Awareness and regulatory moves in Korea.
Wall Street has committed vast capital to AI projects while US equity indexes have hit fresh records and volatility sits near year-to-date lows. Big investors have lined up roughly $500 billion to finance AI build-outs linked to Nvidia, and the heavily leveraged hedge fund Situational Awareness has lost around 67% in a month and sold much of its public book to Citadel.
Jane Street says it has reduced risk exposure in AI-related trades after a July downturn that hit AI-heavy holdings, with the firm aiming to be more selective about risk in its portfolios.
Eight luxury condo leaders along Biscayne Bay urge officials to block Ken Griffin’s plan to land a helicopter at a marina he is building for his yachts near the Port of Miami. The public hearing is set this week, with further review looming. Griffin’s project has already drawn scrutiny over events and noise concerns.
Carnegie Mellon University has announced a $3 billion gift from Ken Griffin, including $2 billion to establish a new 35-acre campus in Miami's Wynwood district. Construction will start next year, with enrollment planned for around 3,500 students. The project centers on grand challenge areas like health, national security, energy, and manufacturing, while Pittsburgh’s CS program will also receive funding and renaming.