SpaceX and T-Mobile announced a new plan Thursday to use the rocket company’s satellite constellation technology Starlink to expand cellular service to “dead zones” by the end of next year. The plan would bring text messaging and phone services to areas where T-Mobile and other service providers have not been able to reach using cellular towers alone due to land use restrictions or the...
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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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