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25.04.26 - 01:48
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Wall Street Week | Anthropic Cybersecurity Risk, BYD Goes Global, The Billionaire Next Door (Bloomberg)
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This week, regulators and banks are scrambling to catch up after the debut of Anthropic's nearly autonomous system that can find cybersecurity vulnerabilities on its own. And, the electric vehicle company that started as a battery manufacturer is giving European automakers and Tesla a run for their money. Plus, the IMF was built for a very different world. Can it adapt to meet a globally connected economy that is being tested by war? Later, pipelines, portable sinks, and dental offices are creating more wealth than Wall Street wants to admit. (Source: Bloomberg)...
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24.04.26 - 19:09
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Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks (ZeroHedge)
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Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks
The 10am slam in bitcoin, which we documented virtually every days since 2024 may have ended once Jane Street got busted for insider trading in the Terraform collapse, but that doesn't mean that the Wall Street HFT trading giant slowed down. On the contrary: according to Bloomberg, Jane Street Group reeled in a Wall Street record $39.6 billion of trading revenue last year, more than any Wall Street bank.
According to the report, the firm beat out all global investment banks after reaping $15.5 billion in the year's final quarter, and with only 3,500 employees, it beat nearest rival JPMorgan by 11% during the year. The company's adjusted ETBIDA for the full year was a stunning $31.2 billion.
While Jane Street's profits were lifted by surging valuations of its stakes in privately held companies, the firm's main business matching buyers and sellers across assets thrived on bouts of market v...
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24.04.26 - 19:09
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U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock (ZeroHedge)
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U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock
Hard red winter wheat climbed to a two-year high by the end of the week, as our coverage of the drought shock now hitting America's Breadbasket raises serious alarm bells on commodity desks.
The concern is not just reduced crop yields and quality. It is colliding with fertilizer shortages and elevated diesel prices, creating a broader inflationary transmission channel that could work its way through the food supply and translate into higher supermarket prices down the road.
Hard red winter wheat rose another 1% on Friday, with gains for the week approaching 6%. Active futures contracts in Chicago are now at their highest level since June 2024. Contracts are up 28% on the year.
On Thursday, UBS analysts, led by Jonathan Pingle, told clients that the drought conditions impacting the U.S. agricultural belt rank among the worst in more than 130 years:
The National Oceanic and Atmospheric Administration's Palmer Drou...
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