Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July. Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the
New electric vehicle sales data released today by the Electric Vehicle Council shows a another great month for EV sales, led significantly by Tesla. The report features just Tesla and Polestar, with EV sales of other brands to arrive in the coming days when the Federal Chamber of Automotive Industries publishes August VFACTS report. Combined,
Explanation: A new telescope has been launched into space to study the universe. The Nancy Grace Roman Space Telescope (RST) has the same size main mirror as the Hubble Space Telescope (HST) but sees 100 times more sky during each snapshot. This is possible because when compared to HST, RST’s main mirror is more curved,
Explanation: At the latitude of ESO’s Paranal Observatory in Chile, about 25 degrees south, Earth’s rotation moves the planet’s surface eastward at over 1,500 kilometers per hour. And while that’s faster than the speed of sound at sea level, the motion is imperceptible. Still, that motion can be revealed in the apparent rotation of the
Explanation: What a sight to behold, when a night sky became filled with colors that appeared to rain over the Skógafoss waterfall in Iceland. This image was taken in a single 5 second exposure by the photographer in April 2025. Seeing an aurora is on many people’s bucket lists. But it is not easy. It requires high solar activity, dark
If you missed the spectacular solar eclipse earlier this month, you have a chance to catch another stunning astronomical phenomenon: a partial lunar eclipse and “blood moon” that will occur on Thursday night into Friday early morning. Earth’s shadow will cover nearly all of the bright lunar disk and will cast a reddish or orange
