#James Simons steps down as chairman of Renaissance Technologies

#James Simons steps down as chairman of Renaissance Technologies

“#James Simons steps down as chairman of Renaissance Technologies” Legendary investor James Simons has stepped down as chairman at his secretive hedge fund Renaissance Technologies. The 82-year-old Simons — a former math professor who became one of the most successful investors in history by pioneering computer-based stock trading — notified investors in December that he…

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#Visa and Plaid call off .3B merger citing DoJ pushback

#Visa and Plaid call off $5.3B merger citing DoJ pushback

“#Visa and Plaid call off $5.3B merger citing DoJ pushback” Visa is calling off its marriage with fintech startup Plaid rather than fight the Justice Department’s claims that the tie-up would limit competition in the debit-card market. The two companies announced after the closing bell on Tuesday that they are terminating their planned $5.3 billion…

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# Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think

# Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think

“# Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think ” Famous investor and Berkshire Hathaway CEO Warren Buffet called Bitcoin “probably rat poison squared” back in 2018. In his 2020 fourth-quarter market letter, financial analyst Bill Miller agreed with Buffett’s description of the asset — but not without his own…

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#Investment Bank Perella Weinberg going public via SPAC

#Investment Bank Perella Weinberg going public via SPAC

“#Investment Bank Perella Weinberg going public via SPAC” The investment bank behind AT&T’s $109 billion acquisition of Time Warner is going public through a merger with a blank-check company — putting an exclamation point on an already frenzied year the so-called SPAC craze Perella Weinberg on Wednesday said it’s agreed to merge with FinTech Acquisition…

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# Digital banking: How DeFi can lower costs for everyone

# Digital banking: How DeFi can lower costs for everyone

“# Digital banking: How DeFi can lower costs for everyone ” Decentralized finance (DeFi) is often characterized as a movement that could unseat traditional banks once and for all — eliminating intermediaries and giving consumers levels of freedom and choice that they’re probably unaccustomed to. But there’s an alternative narrative, one that doesn’t pit DeFi…

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