Machines are making more decisions at giant hedge fund
AQR Capital Management is letting machines play an even bigger role across the $109 billion quant powerhouse, says co-founder Cliff Asness.
Jun 27, 2024
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Business
News tagged with hedge funds
Business
Parent company of Trump's Truth Social posts $328 mln loss
Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday.
May 21, 2024
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Business
GameStop shares soar as 'Roaring Kitty' returns
Shares in GameStop, the company at the center of the "meme stock" craze that throttled Wall Street in early 2021, soared Monday in a move that recalled the earlier speculative frenzy.
May 13, 2024
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Business
Truth Social: Why Donald Trump's social media 'meme stock' surged and fell by over US$1 billion within a week
Donald Trump's social media platform, Truth Social, went public on Tuesday March 26. Shares in parent company Trump Media & Technology Group surged 15% after its first day of trading on the Nasdaq stock exchange, adding US$1.1 ...
Apr 3, 2024
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Business
Visions of Bankman-Fried clash in US trial closing arguments
Prosecutors and defense lawyers set out their competing visions of cryptocurrency's former golden boy Sam Bankman-Fried in the closing arguments of his blockbuster trial on Wednesday.
Nov 1, 2023
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Business
Bankman-Fried struggles in final day of court testimony
Former crypto tycoon Sam Bankman-Fried struggled on Tuesday to explain his behavior during the last days of his FTX empire, as prosecutors shone a light on his willingness to take massive risks.
Oct 31, 2023
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Business
Sam Bankman-Fried's lawyer struggles in cross-examination of the government's key witness
Sam Bankman-Fried's lawyer struggled through a meandering cross-examination of the FTX founder's former girlfriend Thursday, keeping both the judge and the public guessing as to the defense team's strategy in countering the ...
Oct 12, 2023
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Internet
California bill advances, requiring Big Tech to pay for news
Big Tech companies such as Google and Meta might soon have to pay media outlets for posting and using their news content under a proposed California measure attempting to save local journalism.
May 3, 2023
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Business
Crypto firm Binance endures wild weeks in wake of FTX collapse
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for crypto assets.
Dec 22, 2022
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Business
House panel to hold hearing on crypto exchange FTX collapse
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions ...
Nov 16, 2022
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