Amazon will get another crack at a $10 billion contract to supply the Pentagon with cloud computing services. In a legal filing with a federal court on Thursday, the Department of Defense requested 120 days to reconsider a bid by Amazon for the project known as the Joint Enterprise Defense Infrastructure, or JEDI, The New York Times reported. The department had originally awarded the highly...
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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...
Ex-Coinbase Product Manager Pleads Guilty in Crypto Insider Trading Case
DCG Selling Grayscale Fund Shares at Steep Discount Amid Genesis Bankruptcy
SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
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