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Jeff Wang was a longtime investor for Sequoia before starting his own firm.
  • Jeff Wang is planning to launch Augnition Global Investors later this year.
  • At Morgan Stanley's annual Breakers conference in Palm Beach, the new fund was the talk of the event.
  • The new hedge fund could raise $1 billion, several people who attended the conference said.

Attendees of Morgan


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Vacheron Constantin sign
Vacheron Constantin is one of the oldest watch makers still operating today.
  • Luxury watch brand Vacheron Constantin's market share soared in the pre-owned market in 2025.
  • Rolex's market share dipped as rival brands gained traction.
  • IWC and Tudor also saw significant growth in 2025.

Luxury watches are often treated as timeless objects, but the market around them is anything


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A hand holding a wooden block with a question mark, above a pyramid of gold stars.
Some employers are favoring more frequent feedback to keep up with rapid business changes.
  • Companies, including Meta and Amazon, are adjusting their performance review processes.
  • Some are prioritizing frequent feedback and the ability to shift goals as needed.
  • The changes come as businesses look to AI to boost efficiency and workers stay at jobs longer.

The next report




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A courtroom sketch shows brothers Tal Alexander, Alon Alexander and Oren Alexander as prosecutor Madison Reddick Smyser delivers her opening statement in their sex-trafficking trial.
A courtroom sketch shows brothers Tal Alexander, Alon Alexander, and Oren Alexander as prosecutor Madison Reddick Smyser delivers her opening statement in their sex-trafficking trial.
  • The Alexander brothers' sex trafficking trial is in its second week in federal court in Manhattan.
  • Tal and Oren Alexander were luxury real estate brokers; Oren's twin, Alon, was a security

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Brian and Anne Klumpp are sitting in chairs outside and near their RV
Brian and Anne Klumpp have been living in their RV since 2019.
  • Anne and Brian Klumpp sold their house and boat to live in an RV full time.
  • Because they work and want to enjoy their travels, they budget a lot for internet and entertainment.
  • Anne thinks an RV is the most luxurious way to travel.

In Anne and Brian Klumpp's 45-foot motorhome is a US map titled "on the road of adventure."

Some


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Max Buckley standing and smiling
Max Buckley transitioned from a business role to leading an applied research team at Google.
  • Max Buckley took years to pivot from a business role to an AI role at Google.
  • He upskilled by completing 40 Coursera courses, and getting two Master's degrees and a certificate.
  • He said he doesn't regret getting a business degree first, and it gives him a different perspective.

This as-told-to essay


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A pitcher and two glasses of Bloody Mary cocktails with olives and pickles.
Absolut Tabasco, a new spicy vodka collaboration,
  • Absolut partnered with Tabasco to launch a new spicy vodka, geared toward brunch cocktails.
  • Although consumers are drinking less, an IPSOS poll found a rise in "daycap" drinking.
  • Younger drinkers are shifting away from late-night

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Connections game on a smartphone

The NYT Connections puzzle today is not too difficult to solve if you're a sports fan.

Connections is the one of the most popular New York Times word games that's captured the public's attention. The game is all about finding the "common threads between words." And just like Wordle, Connections resets after midnight and each new set of words gets trickier and trickier—so we've served up some hints


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A game being played on a smartphone.

Today's NYT Strands hints are easy if you have a side passion.

Strands, the New York Times' elevated word-search game, requires the player to perform a twist on the classic word search. Words can be made from linked letters — up, down, left, right, or diagonal, but words can also change direction, resulting in quirky shapes and patterns. Every single letter in the grid will be part of an answer



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Close-up view of crossword puzzle.

The Mini is a bite-sized version of The New York Times' revered daily crossword. While the crossword is a lengthier experience that requires both knowledge and patience to complete, The Mini is an entirely different vibe.

With only a handful of clues to answer, the daily puzzle doubles as a speed-running test for many who play it.

So, when a tricky clue disrupts a player's flow, it can be