Some hedge funds thought AI would help them beat the market. Then things got real

The Eurekahedge AI Hedge Fund Index has lagged the S&P 500, proving that the machines aren’t learning from their investing mistakes

Bankman-Fried’s crypto empire FTX could be worth $20bn in an IPO

Based on estimates from the company’s leaked financial results, the Bahamas-based crypto exchange could be worth billions in a public stock offering

Why healthcare is currently the market’s best sector

Stocks present a rare combination of both growth and defensive characteristics

Paul Hastings hires fourth White & Case infrastructure partner

Trading Places: Point72, Caxton and T Rowe Price make hires

Find out who is on the move in the City and beyond this week

Trading Places: Deutsche Bank hires ECM veteran, Paul Weiss boosts London office

Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices. 

TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One- Default Summary

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TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One - Article headline

The eyeeglass-maker was one of the original direct-to-consumer brands, but now, its sales are split about evenly between its more than 140 bricks-and-mortar locations and its online store. WSJ’s Charity Scott explains why this split is Warby Parker’s secret sauce.

TEST:Why Warby Parker Sees Physical Retail as Key to Groowth

TEST:Why Warby Parker Sees Physical Retail as Key to Growth

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The country, a low-tax base for many U.S. multinationals, had been one of a small number of holdouts on an agreement that aims to overhaul global taxation.

TEST:Ireland Signs On to Global Deal Seeking to Curb Tax Avoidance

Stocks

Some hedge funds thought AI would help them beat the market. Then things got real

Bankman-Fried’s crypto empire FTX could be worth $20bn in an IPO

Why healthcare is currently the market’s best sector

Duplicate Wighton

Bosses are sleepwalking into cost crisis, fintech disruption and Downing Street upheaval

Hoping the good times are the new normal for fixed income trading

The post-Brexit City needs a Swiss trade deal, not a distant US pact

Why Credit Suisse’s ‘fundamental’ investment bank overhaul is long overdue

Why Liz Truss’s brutal sacking of Tom Scholar could further alienate an angry civil service

Regulators must be more accountable — and not just to government

Government finds there is no free lunch on growth-boosting City reforms

Wimbledon beats the investment industry over pandemic threats

China’s decision over Russia will be critical for western investors

BoE’s Andrew Bailey was playing a high-stakes game over gilts support for pension funds

FN Law

Paul Hastings hires fourth White & Case infrastructure partner

Trading Places: Point72, Caxton and T Rowe Price make hires

Trading Places: Deutsche Bank hires ECM veteran, Paul Weiss boosts London office

Most Read

TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One- Default Summary

TEST:Why Warby Parker Sees Physical Retail as Key to Groowth

Testing Homepage Flashline Fix

TEST:Ireland Signs On to Global Deal Seeking to Curb Tax Avoidance

On the Move

Paul Hastings hires fourth White & Case infrastructure partner

Trading Places: HSBC continues shake-up, Freshfields and Sidley make hires

Trading Places: Point72, Caxton and T Rowe Price make hires