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Cliff Asness's AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions
The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.CNBC - 1d -
Europe warns of "strong plan to retaliate" ahead of new Trump tariffs
European Union already intends to impose duties on U.S. goods worth some $28 billion in mid-April in response to Trump's steel and aluminum tariffs.CBS News - 1d -
Angola Rail Line Offers Clues to Trump’s Africa Policy
The $4 billion project was the Biden administration’s signature initiative in Africa. Early signs are that the Trump team supports it, too, for mineral access if nothing else.The New York Times - 17h -
Trump Media filing opens door for president to sell $2B in stock
Trump's social media company filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.ABC News - 11h -
Manhattan's luxury real estate market sees best first quarter in six years
Manhattan apartment sales rose 29% in the first quarter, and the total value of apartment sales in the city reached $5.7 billion, up 56%.CNBC - 11h -
ACLU sues Trump administration over NIH grant cancellations
A coalition of health researchers, unions and other stakeholders filed a lawsuit Wednesday challenging the abrupt cancellation of billions of dollars in research grants by the National Institutes ...The Hill - 3h -
Tencent invests $1.25B in Ubisoft’s new core games operating division
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game ...VentureBeat - 6d -
Clean energy spending boosts GOP districts. But lawmakers are keeping quiet as Trump targets incentives
We asked 18 Republicans whose districts benefit most from Biden’s IRA climate law if they back Trump’s demands. Billions of dollars in clean energy spending and jobs have overwhelmingly flowed to ...The Guardian - 2d -
Feb 24: CBS News 24/7, 1pm ET
President Trump and French President Emmanuel Macron meet at the White House to discuss the war in Ukraine; Apple plans to invest $500 billion in the U.S. over the next four years.CBS News - 2d -
Wall Street banks got meager payout from CoreWeave IPO
After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street's top banks only got a 2.8% fee.CNBC - 2d -
Scientists release plans for even bigger atom smasher along the French-Swiss border
Scientists at the world’s largest atom smasher have released a blueprint for a much bigger successor that could help solve enigmas of physics, starting in the mid-2040s at a cost of about $16 billionABC News - 1d -
The White House’s mixed message on its tariff policy
Trump's tariffs could raise $600 billion a year, but this would only happen if consumers avoid substitution and continue to buy foreign goods at tariff-elevated prices, which is unlikely.The Hill - 1d -
Pennsylvania's largest coal-fired power plant, now retired, to become gas-powered data center campus
What was once Pennsylvania’s biggest coal-fired power plant is being turned into a $10 billion natural gas-powered data center campus designed to capitalize on Big Tech's fast-growing energy demandsABC News - 10h -
Switch 2 Release Date, Price, Launch Games, And Everything Else We Know
After seven years on the market, 150 million systems, and more than 1 billion games sold for the original Switch, Nintendo is finally ushering in its next console--the Nintendo Switch 2. Following ...GameSpot - 8h -
A-Rod, Lore to own Timberwolves after standoff
Glen Taylor has agreed to the Marc Lore-Alex Rodriguez group acquiring 100% ownership of the Minnesota Timberwolves and Minnesota Lynx at the same $1.5 billion price the sides agreed on in 2021, ...ESPN - 6h -
Greece vows to spend $27B on armed forces overhaul centered on high-tech warfare technology
Greece has announced a $27 billion defense overhaul focused on high-tech warfare, including AI-powered missile systems, drones, and next-generation military gearABC News - 6h -
Trump hits UK with 10% tariffs as he ignites global trade war
Britain gets off comparatively lightly but US president’s action could still cost billions in lost growth. US politics – latest updates Donald Trump has hit the UK with tariffs of 10% on ...The Guardian - 4h