NBCUniversal has finally made its entrance into the streaming battlefield. Today the company launched Peacock, its video service that features old NBCUniversal-made shows like 30 Rock and The Office, as well as some originals like Brave New World. The twist for NBCUniversal is that unlike the streaming services from Disney or WarnerMedia, Peacock is free and ad supported. The service is...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs
More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
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