Senators Maggie Hassan and Josh Hawley have taken a stand against AI-driven scams. They sent letters to major AI companies, asking how they plan to stop fraudsters from misusing their technology. The companies include Anthropic, Google, Meta, Microsoft, OpenAI, Perplexity, and xAI. The senators wan
The crypto market is not responding positively to the Federal Reserve's recent rate cut. Even though the Fed lowered interest rates, Bitcoin and Ethereum have both dropped in value. The overall market is down by 2. 25% from the previous day, totaling $3. 07 trillion. Traditional markets, like the S
The crypto market is currently in a holding pattern. Bitcoin and Ethereum are the main focus, with investors waiting for clearer signals from central banks before making big moves. Things have been pretty stable lately. Both small and big investors are putting money into BTC and ETH, but they're no
In the bustling financial hub of London, a new player has emerged, making waves in the investment world. Ilex Capital Partners, founded by former Citadel traders Jonas Diedrich and Dave Sutton, has swiftly grown to manage an impressive $7 billion. This growth is not just from new investments but als
November was a month of ups and downs for hedge funds. Despite a rough start with tech stocks taking a hit, big names like Citadel, Balyasny, and Point72 still managed to make gains. Citadel, based in Miami and led by billionaire Ken Griffin, saw its main fund, Wellington, rise by 1. 4%. This bring
Elon Musk, the CEO of Tesla, recently shared his thoughts on his time leading the Department of Government Efficiency (DOGE). He described the experience as "somewhat successful" but admitted he wouldn't take on the role again. This revelation came during a podcast interview with Katie Miller, a for
Markets kicked off the week with a downturn, but tech news from China gave them a boost. The S&P 500 and Nasdaq futures dipped early but recovered later in the day. Tech stocks like Nvidia, Broadcom, Micron, and Microsoft showed strength, while others like Google, Tesla, and healthcare stocks took a
Microsoft is a tech giant with a strong reputation. Its cloud services and AI integration are impressive. But is its stock price too high? The company's market value is huge, at $3. 7 trillion. It offers a wide range of products, from Office to Windows. Its revenue growth has been steady, with a 13
China's real estate scene is hitting rough waters again, and this time, it's Vanke, a major player, that's in the spotlight. The company is drowning in debt, with a staggering $50 billion owed. That's a massive amount, even for a giant like Vanke. Here's what happened: On a recent Sunday, Vanke dro
Big news in the crypto world! A company called 21shares just launched a new ETF called TOXR. This ETF lets people invest in XRP, a popular cryptocurrency, through their regular bank or brokerage account. That's a big deal because XRP is known for its speed and low costs in cross-border transactions.
