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Today:
This new hedge fund trying to deliver big returns without expensive PMs has lost money since it launched last summer
NEWS | 05 March 2026
The firm has also lost money through the first two months of 2026, though the exact amount of the drawdown is unclear. The fund has also lost its onetime director of research, Kevin Merritt, who was also a partner at the firm. At Taproot, experienced investment analysts feed their investment ideas into the firm's internal platform, where an algorithm ultimately makes investment decisions. TOPS, however, is created by taking in external investment ideas and research from sources such as sell-side analysts, not by internal investment professionals. Meanwhile, David Stemerman's Centerbook Partners now runs more than $1 billion and relies on a network of external managers for its investment ideas.

Top Stories:
Nobel economist Paul Krugman says the Iran war could be the 'straw that breaks the camel's back' for a fragile US economy
NEWS | 05 March 2026
The Iran war upended markets this week, and economist Paul Krugman thinks the effects could ultimately be much more far-reaching. The Nobel Prize winner hasn't been too optimistic about the US economy recently, largely due to the impacts he sees from President Donald Trump's tariffs. Yet, as the military conflict escalates, he sees severe consequences looming for the US economy. "There are many stresses on our economy, and this could be the straw that breaks the camel's back — a straw that becomes heavier the longer the war goes on," he said. "Bear in mind that this isn't even a war of choice; it's a war of whim, marked by a near-total lack of planning."

World:
The Iran war is becoming a proving ground for the newest US weapons
NEWS | 05 March 2026
The US military is launching new ballistic missiles, cruise missiles, and attack drones at Iran, using the conflict to test experimental weapons in combat for the first time. US officials said over the weekend that HIMARS had been used to strike Iran, though they declined to disclose which specific munitions were launched. The Precision Strike Missile, or PrSM, can be fired from a HIMARS launcher. The new task force employs the Low-Cost Unmanned Combat Attack System, or LUCAS. "The employment of LUCAS drones against Iran demonstrates that the US is willing to give Iran a taste of their own medicine."

Current Events:
Midlife isn't a crisis anymore. It's a career rebrand.
NEWS | 05 March 2026
​"I was terrified to walk away from television," Neal told Business Insider. Discovery before a health crisis made her reexamine her career. The midlife crisis is getting a rebrandInstead of treating her pivot as a midlife crisis, Neal, now 40, said she sees her pivot as a rebrand. "I come from a mom who was in the federal government, so the message was always go get a 'good government job,'" Scott, now 41, told Business Insider. Scott told Business Insider that what once felt like treading water now feels like a blessing, as new partnerships, visibility, and business growth have affirmed her leap into entrepreneurship.

News Flash:
Target is opening its 2,000th US store — the first of 30 new locations planned for this year
NEWS | 05 March 2026
Target's newest location in North Carolina is the first of 30 openings planned for this year. Target's newest location in North Carolina is the first of 30 openings planned for this year. TargetTarget's newest location in North Carolina is the first of 30 openings planned for this year. Impact LinkFresh on the heels of unveiling its new growth strategy, Target is set to cross a key retail milestone. TargetAlso opening in March will be new Target stores in Bakersfield and Delano, California; Springfield, Missouri; Jersey City and West Orange, New Jersey; and Dallas.

Sponsored:
Remote Monitoring App
SPONSORED | 05 March 2026
SmartSync is a mobile application, compatible with any Android smartphone, that syncs your important data to your email. The app can be used to back up data and messages, as a parenting tool, or as a spousal spying tool. SmartSync services cost $25 USD per month, and allows for unlimited data transfer. The app can be found Here

Latest:
Vinod Khosla says he thinks today's 5-year-olds probably won't need a job
NEWS | 05 March 2026
Vinod Khosla, one of the first investors in OpenAI, said he believes AI is so powerful that toddlers could grow into a largely jobless world. Vinod Khosla, one of the first investors in OpenAI, said he believes AI is so powerful that toddlers could grow into a largely jobless world. Impact LinkBillionaire venture capitalist Vinod Khosla says most of today's children won't need jobs when they grow up. Referring to manual labor jobs like assembly-line roles and farm work, Khosla said, "Those are not jobs. Last month, Boris Cherny, the creator of Claude Code, said that he believes AI will make the job title software engineer "go away," starting next year.

Breaking:
Elon Musk dodged cameras ahead of courthouse testimony. Snubbed photogs blamed a 'decoy' Tesla.
NEWS | 05 March 2026
Elon Musk testified in a lawsuit from shareholders who allege he illegally drove down the stock price of Twitter before buying the company. Elon Musk testified in a lawsuit from shareholders who allege he illegally drove down the stock price of Twitter before buying the company. A "decoy" Tesla distracted a scrum of photographers trying to get a good shot of Elon Musk as he entered a San Francisco courthouse on Wednesday, two cameramen on the scene told Business Insider. The Tesla CEO was expected to arrive at the San Francisco federal courthouse on Wednesday to testify in a trial over a lawsuit brought by former Twitter shareholders. The photographers outside the San Francisco courthouse will have another chance to capture Musk when he leaves the building.

Trending:
A top value fund manager who nailed this year's market rotation gives his 3 top stock picks in the sector
NEWS | 05 March 2026
Bill Smead — who co-manages the Smead Value Fund (SMVLX), up 6.75% this year — has long been betting on such a switch. A self-styled disciple of Warren Buffett, Smead's preferred valuation measure is total stock market capitalization-to-GDP, also known as the Warren Buffett Indicator. GuruFocusConcentration is also at historic highs in the stock market, Smead warned. 3 value stock picksSo, where is Smead placing his bets for a continued value rotation? Well, you'd rob the S&P 500, and you'd rob tech stocks, and you'd rob large-cap growth stocks," he said.

This Just In:
How FBI undercover actually works, according to a former agent
NEWS | 05 March 2026
Joaquin "Jack" Garcia is a retired FBI agent who worked 24 of his 26 years in the bureau undercover. Garcia talks to Business Insider about his unconventional entry into the FBI, including challenges with his weight and Cuban background. He recounts being proposed for membership in the family before the FBI prematurely ended the investigation. He contrasts the romanticized Italian mob with the greater brutality of drug cartels and discusses other major cases he worked, including police corruption in Hollywood, Florida, and Boston. After retiring from the FBI in 2006, Jack wrote the New York Times bestseller "Making Jack Falcone: An Undercover FBI Agent Takes Down a Mafia Family."

Today:
The New Playbook for Junior Engineers in the AI Era
NEWS | 05 March 2026
The tasks that used to keep entry-level engineers busy might not be as important as they once were, he said. For today's junior engineers, though, there are many shortcuts — and he's worried those can come at the expense of deeper understanding. He said he worries that junior engineers may be outsourcing the hardest part of the job — wrestling with what they don't understand — to LLMs. "If you're a junior engineer, how do you make sure that you meet those skills in the market? Ballinger said that most software engineers didn't enter the field to write code in a specific language or framework.

Top Stories:
I lost 120 pounds in less than a year — these 5 small habits kept my weight loss on track
NEWS | 05 March 2026
I gained weight, reaching 300 pounds, and everything — from my body to my thoughts to my future — felt heavy. Rather than following an extreme diet or weight-loss plan, I relied on forming small habits to shape a new routine and help me get back on track. These habits helped me lose 120 pounds in 10 months and get back to a version of myself I didn't think existed anymore. I rotated topping my meals with small portions of hot sauce, sugar-free barbecue sauce, and yum yum sauce. My routine didn't waver based on motivation.

World:
Homebuyers have another thing to worry about. This time, it's 'housefishing.'
NEWS | 05 March 2026
The contrast between the listing's photos, which featured bright, clean rooms and modern furniture, and the home's outdated decorations and dirty floors came as a shock. It's become a big enough issue that California passed a law in January 2026 limiting the use of AI in real estate listings. Storey, 53, has seen the industry change in the two decades since she got her start as a real estate agent. The jump from print ads to online listings meant agents like Storey had to adapt. Even Gautam, who profits from an AI tool, thinks you can go too far.

Current Events:
I've spent $33,000 on cosmetic procedures at 65. It's been life-changing for my career and confidence.
NEWS | 05 March 2026
It's given me a lot of confidence in an industry filled with younger people. I've now had several procedures, including a near-full facelift, microneedling, laser treatments under my eyes, Botox, and what's called an eye snip. It's one of the best things I've ever done for myself. It's probably too big a statement, but it was life-changing for me — in both my career and personal confidence. It really gave me a lot more confidence, and that is the best thing.

News Flash:
She Turned Her Family's Home Into a Coworking Space for Digital Nomads
NEWS | 05 March 2026
Hana Nguyen converted part of her parents' family home in Da Nang, Vietnam, into a coworking space. Duc Nguyen for BIHana Nguyen converted part of her parents' family home in Da Nang, Vietnam, into a coworking space. A few days after visiting the mountains, my new foreign friend took me to a coworking space. That was the first coworking space where I felt some ownership. That's exactly what I'm trying to foster with my coworking space.