Author: arthursheikin@gmail.com

[ad_1] Multistrategy hedge funds protected their investors from the worst of 2025’s stock market volatility in March and April. Now, after equity markets surged in May, the same managers also did not reach the same highs as indexes such as the S&P 500.The flagship fund for $66 billion Citadel, Wellington, was up 0.2% in May pushing the fund’s 2025 gains to 0.8%, a person close to the firm told Business Insider. Billionaire Steve Cohen’s Point72, meanwhile, returned 0.9% last month, bringing the $37.7 billion firm’s yearly gains to 3.9%, an individual close to the firm said.Millennium, the $73 billion firm…

[ad_1] This as-told-to essay is based on a conversation with Orphe Divounguy, a senior economist at Zillow. In April, Divounguy purchased a home in Raleigh, North Carolina. The conversation has been edited for length and clarity.I’ve been with Zillow for almost three years. As a senior economist, I provide internal and external insights about housing. So, I do a lot of TV and radio interviews, discussing its dynamics with various audiences.While I am well-informed, I don’t have a competitive advantage as a homebuyer: Zillow’s housing data and metrics for buyer competition are publicly available on its website.Right now, Zillow’s data…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The dollar slid towards a three-year low and US government bonds came under pressure on Monday as weak manufacturing data combined with growing warnings over the sustainability of the country’s debt pile to unnerve investors.The dollar was down 0.7 per cent against a basket of its trading partners, taking it close to the three-year low it hit in the wake of President Donald Trump’s “liberation day” tariff blitz in early April. The blue-chip S&P 500 index also dipped after an ISM…

[ad_1] Microsoft Bing announced Monday that it is introducing the Bing Video Creator to its app, which uses OpenAI’s Sora model to let users generate videos from text prompts. OpenAI, which has a long-standing partnership with Microsoft, has locked down access to Sora‘s video generation for paying customers only. Its integration in Microsoft Bing represents the first time that it will be available for free. Image Credits:Microsoft Bing At launch, Bing Video Creator is not yet available on desktop, and videos can take hours to generate, even when using the “fast” mode, which is supposed to take just a few…

[ad_1] The days of old “dumb” TVs are largely over. If you’re shopping for a new display in 2025, smart TVs are the norm. This kind of television connects to the internet, so it can serve as a central part of any smart home. The best smart TVs let you watch all your favorite streaming services and offer features like voice search.I’ve been reviewing tech products for over a decade, and I’ve used my expertise to compile a list of the best smart TVs available. My recommendations include models that use each of the most popular smart TV interfaces on…

[ad_1] The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment on the deal’s valuation. It’s the latest in a string of tech giants buying data startups to bolster their underlying database offerings that power AI agents. Last week, Salesforce acquired decades-old Informatica to fortify its data management tooling for AI agents. A few weeks…

[ad_1] With the S & P 500 up marginally in 2025 and bonds seeing sharp price swings, structured notes could give investors a combination of returns and downside protection – if used carefully. Structured notes are hybrid assets: They combine a debt instrument with derivatives, and they’re tied to the performance of another asset, like a stock or an index. These notes can also offer investors some measure of protection to mitigate downside in this underlying asset. Investors who purchase these investments are expected to hold them up until their maturity date to capture their full benefit. These notes come…

[ad_1] The rebooted version of social site Digg aims to bring back the spirit of the old web at a time when AI-generated content is threatening to overwhelm traditional social media platforms, drowning out the voices of real people. This presents an opportunity to build a social site for the AI era, where the people who create content and manage online communities are given a bigger stake in a platform’s success, Digg’s founders think. A Web 2.0-era news aggregation giant, Digg was once valued at $175 million at its height back in 2008 and is now being given new life…

[ad_1] New York CNN  —  The Trump administration has asked for a pause in a second court ruling challenging its sweeping tariffs invoked under emergency powers. The administration asked a US appeals court to stay a preliminary injunction from last week in a case that affected two US toymakers. The filing Monday argued that halting the tariffs would threaten trade negotiations with other nations and undercut the tariffs as a “credible threat.” Last Thursday, US District Court Judge Rudolph Contreras ruled that two American family-owned toy companies, Learning Resources and hand2mind, would be irreparably harmed by Trump’s tariffs. The judge…

[ad_1] A platform for chatting and role-playing with AI-generated characters, Character.AI announced in a blog post on Monday that it is rolling out a slate of multimedia features. These features include AvatarFX, Character.AI’s video-generation model, plus Scenes and Streams, which allow users to create videos featuring their characters and then share them on a new social feed. “Character.AI started as 1:1 text chat and today we’re evolving to do so much more, inspired by what our users have told [us] they want to see on the platform,” the company wrote in the blog post. Character.AI began rolling out AvatarFX to…