Keep current on the latest news and comedy from your favorite financial actors

April 19, 2021

Fed Rate-Hike Wagers Put on Back Burner as Blackout Begins

Federal Reserve rate-hike expectations have been aggressively reduced over the past two weeks in the eurodollar futures market, just as policy makers enter their usual silent period before their April 28 decision.

Stephen Spratt

April 19, 2021

Stock Shorts Collapse as No Hedge Fund Wants ‘Head Ripped Off’

Wall Street bears battered by the Reddit crowd earlier this year have yet to regain their gumption, even with stocks at records and valuations near two-decade highs.

Justina Lee and Lu Wang

April 13, 2021

How Hedge Funds Lost Their Way and Why They’ll Come Back

Stock pickers appear ready to come out of the wilderness.

Nir Kaissar

April 19, 2021

Bank of England Joins Global Peers Exploring a Digital Currency

Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining authorities from China to Sweden exploring the next big step in the future of money.

Lucy Meakin

April 19, 2021

Crypto Stock Mania Tested by Sliding Prices, Bitcoin Slump

A drop in cryptocurrency-linked stocks in the wake of Bitcoin’s slide and Coinbase Global Inc.’s choppy debut is stirring a rallying cry from optimists who reject fears that the sector has peaked.

Eric Lam

April 13, 2021

NYC Real Estate Mogul Secures $6 Billion in Gold to Back New Cryptocurrency

Kent Swig became interested in cryptocurrencies after learning more about the concept from his teenage son.

Devon Pendleton

April 19, 2021

QuantumScape says its technology is ready to move from the lab to VW’s dealerships. But this secretive startup is very familiar with failure.

The future of batteries, sought for decades by academics, startups, and corporate R&D armies is—quite possibly—just a slender sheet of ceramic material that’s supple enough to bend between two fingers. But no one outside of a Silicon Valley startup is allowed to know what it’s made of. Even the color of this man-made substance is a closely held secret, so of course it’s never been independently analyzed.

Akshat Rathi

April 19, 2021

Microsoft to buy AI firm Nuance Communications for about $16 billion in healthcare push

(Reuters) -Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion in cash, as it builds out its cloud strategy for healthcare.

Chavi Mehta, Krystal Hu

April 19, 2021

How to tell, what to do if a robot can take your job

In one vision of the not-too-distant future, robots handle half of all work tasks, leaving legions of humans unemployed and insecure. In another scenario, those same technologies revolutionize rather than reduce opportunities for people, creating jobs that have yet to be imagined. Such are the stakes as a new wave of automation reshapes the workplace, accelerated by the pandemic.

Thomas Black

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