A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.

The technology trade may be poised to become even more dependent on retail investors and more volatile after a rough July, according to an assessment of preliminary data on technology, media and telecommunications equity sector hedge funds from JPMorgan Chase & Co.

Stocks in Asia were poised to ease Thursday as investors digested gains in technology shares while watching for fresh signs of progress toward a deal to reopen the Strait of Hormuz.

President seeks to move on from saga that undermined world football’s governing body

Joint US-Japan intervention has helped the yen for now, but isn’t a game-changer for the currency or the economy, Japan’s former Prime Minister Fumio Kishida said in a Bloomberg TV interview in Tokyo. He touted a ¥370 trillion ($2.3 trillion) growth strategy as the long-term vision that will transfo

AlTi soars after report Franklin Templeton is in talks to purchase

Ukraine's Zelenskiy says he spoke to NATO head Rutte about securing interceptors Reuters

A circumspect general is always preparing for the next war, not the last one. That shows you where foreign automakers have been going wrong in China.

Lucid CEO says there are no discussions about a take private

Also Situational Awareness margin calls, sports betting regulation and brokerage sports betting revenue.