Tag: business news
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The Nasdaq just did something it’s done just 17 prior times in its history
Tuesday’s rally was historic for several reasons.
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Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.
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We’re adding to our position in a chipmaker as the AI trade regains its footing
The stock is still well below levels it traded at last month after earnings.
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Stock bears obliterated as Nasdaq 100 logs top 10 bullish stat of past decade
“Pessimists threw in the towel and optimism was running amok today,” said Nations Indexes president Scott Nations.
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Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
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The IRS is getting better at spotting crypto tax mistakes. Here’s what it means for investors
Many investors who hold cryptocurrency like bitcoin and ether have a difficult time figuring out how much tax to pay on transactions.
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Ken Griffin’s Citadel posts best month in years after scooping up Situational Awareness stocks
The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
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SpaceX is falling after posting first earnings report since IPO. What the biggest Wall Street firms are saying
The Elon Musk-led rocket company posted a loss of 9 cents per share for the second quarter, beating the 26 cents per share loss expected by LSEG.
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Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
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Anthropic’s Mythos created fake identities to fool humans in new cyber incident
It’s the latest cybersecurity incident involving frontier models developed by Anthropic and OpenAI.
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