Mar 6, 2025 | Markets
Millennium Management, Citadel and other top hedge funds posted lackluster returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks. Multistrategy firms with an equity market-neutral bias took some of the biggest hits....
Mar 6, 2025 | Markets
Just two weeks ago, high-flying mega-tech stocks and their chipmaking cousins were powering the Nasdaq 100 Index to yet another record. It was the 53rd all-time high for the tech-heavy benchmark since March 2023, when ChatGPT launched dreams of an artificial...
Mar 6, 2025 | Markets
Treasury Secretary Scott Bessent rejected the idea that President Donald Trump’s tariff hikes will ignite a new wave of inflation, and suggested that the Federal Reserve ought to view them as having a one-time impact. “I’ve agreed not to talk about prospective Fed...
Mar 6, 2025 | Markets
The company is raising $240 million and pushing into software. Defense startup Shield AI has finalized a deal to raise $240 million from investors at a valuation of $5.3 billion — a funding round that adds billions to the company’s valuation, and underscores Silicon...
Mar 6, 2025 | Markets
Oil prices for next year have fallen alongside nearby futures markets, a move that runs the risk of menacing supply growth. While US crude slipped toward $65 a barrel Wednesday to briefly touch the lowest level since May 2023, average prices for 2026 are closer to...
Mar 6, 2025 | Markets
Forget LLMs. Silicon Valley investors have a new favorite AI play. Not long ago, Silicon Valley was dismissive of startups like Harvey. While OpenAI developed cutting-edge artificial intelligence models with the potential to shake up almost every industry, Harvey had...
