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"The 'unbuyable' hedge fund"

"The 'unbuyable' hedge fund"

``` In the history of hedge funds, the most valuable products are never "on the shelf," but remain internal to the fund company. During the Simons era at Renaissance Technologies, there was a product called the Medallion Fund. This product was managed long-term by the company's most

Since the Iraq War, the first major central bank to raise interest rates—will the European Central Bank raise rates again in July?

Since the Iraq War, the first major central bank to raise interest rates—will the European Central Bank raise rates again in July?

The central bank has chosen a difficult path: raising interest rates while the economy slows down. On June 11 local time, the European Central Bank announced in Frankfurt that it would raise its benchmark interest rate by 25 basis points—the first rate hike in nearly three years. This move

"The largest IPO in history creates the most profitable VC investment in history."

"The largest IPO in history creates the most profitable VC investment in history."

``` SpaceX goes public, and an unprecedented feast of wealth in venture capital history is coming to fruition. This Friday, SpaceX will officially debut on the US stock market, completing the largest IPO in history with an estimated valuation of around $1.8 trillion and raising $75 billion. The listing not

Next week, everyone will be watching Waller’s “Fed debut.”

Next week, everyone will be watching Waller’s “Fed debut.”

``` Kevin Warsh is about to preside over his first Federal Open Market Committee (FOMC) meeting since becoming the Chairman of the Federal Reserve. The bond market is holding its breath, trying to gauge how quickly and by what means the new leader will reshape the Fed's communication with

Adobe Q2 revenue beats expectations, guidance raised, but CFO departure sparks concerns, shares tumble after hours | Earnings Watch

Adobe Q2 revenue beats expectations, guidance raised, but CFO departure sparks concerns, shares tumble after hours | Earnings Watch

``` Adobe’s quarterly report exceeded expectations and the company sharply raised its full-year outlook, but the sudden resignation of the Chief Financial Officer, combined with the previously announced CEO succession plan, resulted in double leadership changes that pressured investor sentiment, causing the stock price to fall further after hours. The

Bezos' AI startup Prometheus completes $12 billion financing, reaching a valuation of $41 billion.

Bezos' AI startup Prometheus completes $12 billion financing, reaching a valuation of $41 billion.

``` Jeff Bezos’ AI startup Prometheus has completed a massive round of financing and publicly disclosed its core business direction for the first time, marking the billionaire’s most significant new business bet since stepping down as Amazon’s CEO is now entering the public view. Prometheus announced Thursday that it

OpenAI acquires cloud environment startup Ona to strengthen the competitiveness of its AI programming assistant Codex.

OpenAI acquires cloud environment startup Ona to strengthen the competitiveness of its AI programming assistant Codex.

``` OpenAI is accelerating its presence in AI programming through continuous acquisitions. On Thursday, it announced the acquisition of startup Ona to enhance its programming assistant Codex’s ability to handle complex tasks and to strengthen its market position amid fierce competition with Anthropic. Ona specializes in providing secure, pre-configured cloud