Institutional investors have grown tired of paying fees to hedge funds for what they see as “skill-less returns.” from Bloomberg Markets https://ift.tt/nmtTprX
Caitlin Clark and Paul Skenes have likely never met. But they have so much in common, and they were together – sort of – last month in Indianapolis, where their blockbuster coming of age rookie summer movies all began. Yes, two current and future legends passing in the night – Clark, the No. 1 pick…
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong…
Intel said it is preparing for rising demand for consumer products that can handle artificial-intelligence computing tasks on-site. https://www.wsj.com/articles/intel-betting-on-ai-well-beyond-data-centers-18c31f42
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams…
A handful of winners and losers have emerged following the unprecedented trial of former President Trump that found him guilty on all counts. Trump was found guilty on all counts Thursday after the Manhattan District Attorney’s Office charged him with 34 counts of falsifying business records in the first degree. Trump pleaded not guilty and…
Data from Japan’s Ministry of Finance confirmed the country’s first currency intervention since 2022, after the Japanese yen plunged to a 34-year-low in April. https://www.cnbc.com/2024/05/31/japan-confirms-first-currency-intervention-since-2022.html
South African President Cyril Ramaphosa is under pressure from his closest party allies to form a coalition with the opposition Democratic Alliance after this week’s crushing election blow, according to people familiar with the matter. from Bloomberg Politics https://ift.tt/VaorZD9
In its quest to fill the dwindling ranks of its infantry, Ukraine has turned to recruiting prisoners to join the fight against Russia, and more than four thousand have applied so far. Under a deal offered to inmates by the government, prisoners will have their remaining sentences cleared – regardless of length – if they…
Barings aims to rebuild its private-credit team after a mass departure led by senior executives stripped the asset manager of a squad of its lending staff. https://www.wsj.com/articles/barings-works-to-replenish-a-depleted-private-credit-team-4a6993fa