Fidelity just boosted the value of its stake in Elon Musk’s xAI by 70%
Financial giant Fidelity bumped up the valuation of two Elon Musk-owned companies, social media platform X and AI startup xAI in October.
Category: Business
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Stellantis’ CEO is out after a tumultuous year. Here’s how things got so bad at the Jeep maker.
Stellantis CEO Carlos Tavares resigned from his position after months of pressure from various stakeholders to fix falling sales.
Photos show Jill Biden’s final White House Christmas decorations as first lady
Jill Biden unveiled her final White House Christmas decorations as first lady, centered on the theme "A Season of Peace and Light."
How toxic century-old oil wells trap thousands of workers in Java
Oil wells from the Dutch colonial era lie scattered across Java, polluting soil and ruining locals’ chances at making a living off anything but oil.
The US Navy figured out how to reload its missile ships at sea, preparing for possible conflict with China
The system allows warships to be reloaded at sea, which is crucial to any future conflict in the Pacific, US Navy Secretary Carlos Del Toro said.
Russian companies are turning to teenagers and retirees amid the country’s wartime labor shortage
Russia’s economy is short 2 million workers, according to an estimate from one of the nation’s largest auditing firms.
New findings from Sam Altman’s basic-income study challenge one of the main arguments against the idea
New findings from Sam Altman’s basic-income study reveal that recipients valued work more after getting monthly payments.
Computer-run hedge funds like Qube and Squarepoint are diversifying by building out teams of human traders as assets swell
Qube Research has backed 44 different managers and Engineers Gate hired a PM who mixed quant and fundamental investing at Schonfeld and Balyasny.
Balyasny leads the way for multistrategy managers in a roller-coaster November. Here’s how firms like Citadel, Millennium, and more performed.
Stock markets ripped after Donald Trump’s electoral victory early in November before a sell-off and subsequent rebound.