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AI Can Write a Song, but It Can't Beat the Market
Finances

AI Can Write a Song, but It Can't Beat the Market

Quants have tried for decades with limited success at the biggest challenge. Source link

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Business

Truist Securities Maintains Coterra Energy Inc. (CTRA) Hold Recommendation

Fintel reports that on April 11, 2023, Truist Securities maintained coverage of Coterra Energy Inc. (NYSE:CTRA) with a Hold recommendation. Analyst Price Forecast Suggests 18.41%

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Stock Market

B of A Securities Maintains Enphase Energy (ENPH) Neutral Recommendation

Fintel reports that on April 11, 2023, B of A Securities maintained coverage of Enphase Energy (NASDAQ:ENPH) with a Neutral recommendation. Analyst Price Forecast Suggests

Houston Apartment Owner Loses 3,200 Units to Foreclosure
Business

Houston Apartment Owner Loses 3,200 Units to Foreclosure

The U.S. multifamily housing sector is feeling the heat as interest rates rise and rent growth slows. Source link

Former Outcome Health Executives Found Guilty of Fraud
Business

Former Outcome Health Executives Found Guilty of Fraud

Business Health Care Health Verdict caps fall of startup’s executive team led by Rishi Shah, who could face years in prison Source link

Citi Long-Serving M&A Chief to Retire
Finances

Citi Long-Serving M&A Chief to Retire

One of Citigroup’s top dealmakers, Mark Shafir, is retiring from the investment bank. Source link

EBS UK MTF, NEX SEF to launch Bitcoin/US Dollar NDFs on CME Globex
Finances

Tradition Securities and Derivatives gets a slap on the wrist for violations of COMEX rules

Tradition Securities and Derivatives LLC has agreed to pay a fine for alleged violations of COMEX rules concerning trade reporting. The relevant COMEX rules state:

Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Business

Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up

Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that

Stock Pickers Failed to Take Part in First-Quarter Rally
Finances

Stock Pickers Failed to Take Part in First-Quarter Rally

Bearish positioning and less exposure to the large technology stocks hurt active fund managers. Source link

Goldman Sachs Paying $15 Million to Settle Investigation of Swaps Business
Finances

Goldman Sachs Paying $15 Million to Settle Investigation of Swaps Business

Markets Finance Bank’s swaps dealer priced derivatives in terms that put clients at a disadvantage, CFTC says Source link