The Hunt for Deep-Sea Treasure - November 20, 2023 Issue

November 20, 2023 Issue

A Secretive Hedge Fund Tycoon Is the World’s Greatest Shipwreck Hunter

A Secretive Hedge Fund Tycoon Is the World’s Greatest Shipwreck Hunter

By Kit Chellel, Olivia Solon and Jonathan Browning

Bloomberg Opinion

Bloomberg Opinion

Retirement Savers Are Getting Ripped Off

By The Editors

General Views From Aboard A Celebrity Cruises Inc. Ship

Remarks

Remarks

Peter Thiel Is Still Hoping That Donald Trump Just Fades Away

By Max Chafkin

Peter Thiel Is Still Hoping That Donald Trump Just Fades Away

Everything Biden and Xi Need From Their Summit—Starting With Each Other

By Shawn Donnan and Rebecca Choong Wilkins

INDONESIA-US-CHINA-G20-SUMMIT

Business

Business

Why America’s Wind Power Failures Are Good for GE

By Ryan Beene

Why America’s Wind Power Failures Are Good for GE

At REI, a Progressive Company Warns That Unionization Is Bad for Vibes

By Josh Eidelson

At REI, a Progressive Company Warns That Unionization Is Bad for Vibes

Chinese Tourists Are Returning to London, But Spending Far Less

By Katie Linsell

London Tourism as Hotel Rates Hit New Record

Technology/SF Special

Technology/SF Special

San Francisco Wants to Rewrite Its ‘Doom Loop’ Narrative With Global Summit

By Karen Breslau

San Francisco Wants to Rewrite Its ‘Doom Loop’ Narrative With Global Summit

Sequoia Icon Michael Moritz Bets $300 Million on Reshaping San Francisco

By Biz Carson and Sarah McBride

Sequoia Icon Michael Moritz Bets $300 Million on Reshaping San Francisco

No One Told AI Startups That San Francisco Is Over

By Priya Anand

No One Told AI Startups That San Francisco Is Over

Finance

Finance

Nasdaq Leans Into Tech in Quest to Become More Than an Exchange

By Katherine Doherty

Nasdaq Leans Into Tech in Quest to Become More Than an Exchange

Texas Battles Wall Street in Threat to State’s Muni Market

By Amanda Albright and Danielle Moran

Texas Battles Wall Street in Threat to State’s Muni Market

Young and Rich: China’s Scions Set to Inherit $120 Billion in Wealth Transfer

By Venus Feng and Diana Li

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Economics

Economics

The Share of Americans Who Are Mortgage-Free Is at an All-Time High

By Alexandre Tanzi

The Share of Americans Who Are Mortgage-Free Is at an All-Time High

China Hawk From Wisconsin Wants to Change How Wall Street Invests

By Enda Curran, Daniel Flatley and Silla Brush

China Hawk From Wisconsin Wants to Change How Wall Street Invests

Features

Features

A Secretive Hedge Fund Tycoon Is the World’s Greatest Shipwreck Hunter

By Kit Chellel, Olivia Solon and Jonathan Browning

A Secretive Hedge Fund Tycoon Is the World’s Greatest Shipwreck Hunter

Cars, Crypto and a Horse Named Cinda: Inside America’s Seized Asset Auctions

By Michael Tobin and Amanda Chen

Cars, Crypto and a Horse Named Cinda: Inside America’s Seized Asset Auctions

How SnapChat and TikTok Became Recruiting Tools for Cartel-Backed Smugglers

By Julia Love

How SnapChat and TikTok Became Recruiting Tools for Cartel-Backed Smugglers

Pursuits/The Philanthropy Special

Pursuits/The Philanthropy Special

Alex Katz’s Quiet Philanthropy Has Made a Huge Impact

By James Tarmy

Alex Katz’s Quiet Philanthropy Has Made a Huge Impact

An Alternative to the Girl Scouts Is Gaining Fans in US Cities

By Lily Girma

Radical Monarchs SF troop

An Ex-Noma Chef Has a Plan to Serve Better Food for US Prisoners

By Adam Reiner

An Ex-Noma Chef Has a Plan to Serve Better Food for US Prisoners

A Blanket That Supports the National Parks Feels Good Inside and Out

By Matthew Kronsberg

A Blanket That Supports the National Parks Feels Good Inside and Out

Last Thing

Last Thing

What Really Makes a Reputation, on The Businessweek Show

By Max Abelson

What Really Makes a Reputation, on The Businessweek Show