More than a quarter of young Americans, aged between 18 and 24, got news about the coronavirus from Instagram, according to a new survey, while another 14% got it from Snapchat and 11% from TikTok. The data, from a study by the Reuters Institute, showed how Instagram particularly has become a major source of news—and not just for young people. The study said that across all age groups, the use...
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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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