Yuichiro Chino | Moment | Getty Images Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week. The flagship cryptocurrency was last higher […]
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Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR Absolute Return strategy, which was created in 1998, benefited the most from profitable picks among […]
NCAA and ESPN ink 8-year, $920 million media rights deal
An ESPN GameDay logo is displayed at the Capital One Orange Bowl game between the Georgia Bulldogs and the Florida State Seminoles at the Hard Rock Stadium in Miami Gardens, Florida, on Dec. 30, 2023. Peter Joneleit | Icon Sportswire | Getty Images The NCAA and ESPN have reached a […]
St. Louis Fed names former Tudor executive Alberto Musalem as new president
St. Louis Fed names Alberto G. Musalem as new president. Source: St. Louis Federal Reserve Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University […]
Elvis show to debut in London featuring AI-generated life-size projection of iconic artist
Elvis Presley, American rock ‘n’ roll legend. Bettmann | Bettmann | Getty Images A live show featuring a life-size digitally recreated avatar of Elvis Presley is set to debut in London later this year, before moving to Las Vegas, Tokyo and Berlin. U.K. firm Layered Reality said attendees will go […]
‘Mnuchin has not been in the room’: Trump Treasury secretary absent from 2024 campaign
Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. […]
Qualcomm announces new chip to power Samsung and Google’s competitors to Apple Vision Pro headset
The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. Justin Sullivan | Getty Images Qualcomm on Thursday announced a new chip that will be used by Samsung and Google for mixed reality devices that are likely to compete […]
Mobileye shares plunge after chipmaker warns of order pullback
Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically […]
What Harvard University President Claudine Gay’s resignation means for future applicants
Harvard University President Claudine Gay’s resignation Tuesday is just the latest upheaval at one of the nation’s top colleges. For college applicants, the move adds more uncertainty to an admissions process that was already shifting in the wake of the Supreme Court‘s ruling against affirmative action. “I don’t expect Harvard to lose […]
Online holiday spending jumps nearly 5% to record, Adobe Analytics says
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, […]