TikTok landed a pretty big name in media with its new CEO. Kevin Mayer, who has been at Disney for over a decade and is currently its head of the streaming group, is taking the job at the Chinese-owned social media company. The news came as a surprise to many within Mayer’s sprawling division, which includes the team behind Disney Plus, as well as Hulu, ESPN+ and the company’s advertising...
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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
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SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
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