One group of traders is on pace to shatter performance records — here’s what they’re buying

Scott Olson / Getty Images Amid the turbulence that’s rocked the stock market this year, one group of traders is on pace for its best year on record. Bank of America Merrill Lynch shows just how well they’re doing so far in 2018, and explains which specific investment decisions have contributed to their success. As […]

Evan Dunfee sets his pace for Olympic success

GOLD COAST, Australia — You don’t need to land on the podium to feel like you’ve won. Canadian race walker Evan Dunfee finished the 20-kilometre event at the Commonwealth Games in eighth-place on Sunday, registering a season-best time of one hour, 23 minutes and 26 seconds. Dunfee came into this Games event, set along the backdrop […]

REPORT: Institutional investors are pulling out of Bill Ackman’s hedge fund at a ‘rapid pace’

Reuters/ Brian Snyder Institutional investors are pulling out of Pershing Square Capital at a “rapid pace,” according to the Wall Street Journal. Pershing Square’s total assets reportedly declined by 12% in the first quarter of 2018, falling to a total of $ 8.2 billion. Institutional investors are pulling money out of Pershing Square Capital at […]

Mark Hamill SLAMS Disney for Star Wars ‘over-saturation’ – ‘They should pace themselves’

Back with the original and prequel trilogies, Star Wars fans would have to wait around three years before each new film came out. But since Disney bought the rights in 2012, Lucasfilm has been churning out one a year. We’ve had The Force Awakens, Rogue One, The Last Jedi and now – just five months […]

The stock market’s fear gauge is on pace for its biggest spike since the tech bubble

Getty Images / Mario Tama The Cboe Volatility Index, or VIX, spiked as much as 90% on Monday. It’s on pace to finish with its largest single-day increase since the dotcom bubble. The price swings are a change of pace for a stock market that’s sat mostly unperturbed for months. The stock market is finally […]

Despite Switch, PlayStation 4 and Xbox One sales still ‘on a record-setting pace’

Console gaming is hot, and the Nintendo Switch is a big reason for that. Through the first 10 months of a console’s life, Nintendo’s hybrid home/handheld system is the fastest-selling system ever in the United States. But that hasn’t hurt PlayStation 4 and Xbox One sales, as those devices are still selling faster than their […]

Here’s who’s on pace to win Wall Street bragging rights for 2017 (JPM, GS, MS)

Dealogic Preliminary results for Wall Street’s competitive league-table rankings are in. JPMorgan is set to retain bragging rights as the top overall investment bank. Races in other lines of business — like equity capital markets — are too close to call.  The year in dealmaking is closing with a bang, with late-arriving megadeals shaking up […]

Modern copyright law can’t keep pace with thinking machines

This past April, engineer Alex Reben developed and posted to YouTube, “Deeply Artificial Trees“, an art piece powered by machine learning, that leveraged old Joy of Painting videos. It generate gibberish audio in the speaking style and tone of Bob Ross, the show’s host. Bob Ross’ estate was not amused, subsequently issuing a DMCA takedown […]