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How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Business

How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a spraw...

CitrixNews Staff · 5 days ago
New York sues Kalshi prediction market alleging ‘illegal gambling operation’
Business

New York sues Kalshi prediction market alleging ‘illegal gambling operation’

Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit ...

CitrixNews Staff · 5 days ago
Chelsea fined £10m and given suspended transfer ban by FA over agent breaches
Business

Chelsea fined £10m and given suspended transfer ban by FA over agent breaches

Club escape suspended six-point deduction on appealOwners admitted secret payments by previous regimeChelsea have been f...

CitrixNews Staff · 5 days ago
GM to launch its own in-vehicle AI system later this year
Business

GM to launch its own in-vehicle AI system later this year

DETROIT – General Motors plans to launch its own in-vehicle artificial intelligence system that's better tailored f...

CitrixNews Staff · 5 days ago
A World Cup with no participants – it could be Gianni Infantino’s boldest move yet | Marina Hyde
Business

A World Cup with no participants – it could be Gianni Infantino’s boldest move yet | Marina Hyde

You’ve got to admire the Fifa president’s chutzpah in trying to flog off football’s greatest prize. If only Uefa wasn’t ...

CitrixNews Staff · 5 days ago
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
Business

Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady

Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the F...

CitrixNews Staff · 5 days ago
Passenger on British Airways mayday flight describes fear and shout of 'I don't want to die'
Business

Passenger on British Airways mayday flight describes fear and shout of 'I don't want to die'

Image source, Edward KilliwickImage caption, Edward said there were several fire trucks on the tarmac when the plane lan...

CitrixNews Staff · 5 days ago
BP Puts Its North Sea Drilling Business Up for Sale
Business

BP Puts Its North Sea Drilling Business Up for Sale

The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.

CitrixNews Staff · 5 days ago
BTS are back: return of K-pop superstars sparks US economic boom
Business

BTS are back: return of K-pop superstars sparks US economic boom

Fans at a BTS exhibition in Seoul in March. Photograph: Soo-hyeon Kim/ReutersView image in fullscreenFans at a BTS exhi...

CitrixNews Staff · 5 days ago
What a Hedge Fund’s Implosion Says About the A.I. Trade
Business

What a Hedge Fund’s Implosion Says About the A.I. Trade

Situational Awareness caught the attention of Wall Street with its highly leveraged trades. It nearly collapsed amid a w...

CitrixNews Staff · 5 days ago
More consumer companies are staying private for longer, avoiding the IPO road
Business

More consumer companies are staying private for longer, avoiding the IPO road

Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are cho...

CitrixNews Staff · 5 days ago
‘It’s too fast, too big’: speed of climate crisis is devastating crops, say farmers
Business

‘It’s too fast, too big’: speed of climate crisis is devastating crops, say farmers

Drought and extreme heat are killing plants, driving up prices while also making some farms economically unviable“It’s a...

CitrixNews Staff · 5 days ago
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