Pioneering AI hedge fund with returns of 1000% since inception discovers the downside of leverage
AI wunderkind Leopold Aschenbrenner has reportedly asked investors for an injection of fresh capital, and offered them to opportunity to buy some of its assets…
GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks
Consumer spending and business investment in AI drive the economy forward Source：MarketWatch
This global equity fund boasts a 150% five-year return for investors, despite holding few U.S. stocks
The CIO of Ranmore Funds isn’t too keen on U.S. valuations at present, but the beatendown software sector is luring him back in. Source：MarketWatch
Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock selloff. Source：Cointelegraph
The World Cup winners wore Adidas shirts. But the company’s investors are still crying foul.
The sportswear company’s stock declined 17% after it reported a 30% hike in marketing expenditure. Source：MarketWatch
Samsung delivers record-setting profits, but the shares still can’t catch a break from investors.
Although supply constraints are still severe and demand for its memory chips relentless, there is still skepticism among investors about the longevity of the…
Investors are overlooking healthcare stocks and should consider these top picks, says JPMorgan
Eli Lilly, AbbVie and Danaher Corporation are among the bank’s top picks for stocks in the sector. Source：MarketWatch
Chinese newspaper warns of Bitcoin extortion scam using its name
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies.…
Crypto entering biggest consolidation phase in history, says ARK analyst
ARK Invest’s Lorenzo Valente says revenue is becoming increasingly concentrated among a handful of crypto protocols, setting the stage for more mergers,…
Individual investors are dumping stocks at the fastest pace since the COVID crash
Individual investors just recorded “their largest net selling of single stocks since the COVID crash,” according to Vanda Research. Source：MarketWatch
Why SoFi’s stock is dropping, even after its earnings beat expectations
Investors were disappointed by the neobank’s restrained guidance. Source：MarketWatch
Coinbase hit by spot trading slump: Wall Street trims expectations ahead of earnings
Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.…