Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that it had been attacked, though the hedge fund’s initial indications were that no client information was stolen, according to
Last month, the machines won. Quantitative hedge funds had a strong July, highlighted by several big algorithm-driven names that avoided the pain their human-run peers suffered last month. At Renaissance Technologies, its largest external fund — known as Renaissance Institutional Equities — was up 9.2% in July, more than making up for losses over the
An ad from Rep. David Valadao, R-Calif., highlights affordability challenges for healthcare. Andrew Harnik/Getty Images hide caption toggle caption Andrew Harnik/Getty Images Stay up to date with our Politics newsletter, sent weekly. Republicans campaigning in swing districts are running ads about healthcare after facing criticism of the cuts in the One Big Beautiful Bill Act.
Credit: David Goddard/Getty Can commercial funding fill a £42 million (US$56 million) a year hole in the finances of some of the UK’s most iconic laboratories and science facilities? That is the challenge facing sites run by the UK’s Science and Technology Facilities Council (STFC), which funds the Diamond Light Source (the national synchrotron facility
Michael Kratsios, US President Donald Trump’s chief science adviser, released a report this week that reinvents how science is funded in the country. Credit: Daniel Heuer/Bloomberg via Getty Washington D.C. It was a big week for science in US President Donald Trump’s administration. On Tuesday, the president’s chief scientific adviser, Michael Kratsios, released a report
Every research program is a commitment to the future. However, scientists rarely examine the assumptions behind those bets. Decisions about subsidies, infrastructure, contracting, regulation, and training often assume that certain technologies will mature, specific skills will be needed, the public will accept the resulting innovations, and few risks will materialize. However, these assumptions are rarely
