Point72 Asset Management, the former SAC Capital, launched Monday with about $9 billion in funds and a year-to-date return of close to 10 percent.
Despite the furor over whether high-frequency trading is "rigging" markets, more regulations aren't needed, said Harvey Pitt, a former SEC chairman.
It's not every day that you find a fan club for new taxes, especially among economists and legal experts. The New York Times reports.
Samsung Electronics said it is on track to post its second straight quarter of profit decline on slowing smartphone sales growth .
It started as something they did in between classes at university. But by the time Sun Zebo and Hu Jiaqi graduated in 2012, it became an obsession.
A check of more than a dozen General Motors dealerships by NBC News on Monday revealed that no fixing of the vehicle ignition problem has begun.
Investors have noticed that many digital health start-ups, unlike a lot of social-focused companies, are actually making money.
Stocks dipped as investors worried there was little proof the economy could grow enough to counterbalance the Fed's reversal of its easy money policy.
Jim Cramer is worried by the selloff in the Nasdaq. Really worried.
The University of Connecticut is sending its two basketball teams to the NCAA final's, and good things are happening to the school.
US sailors are suing a Tokyo utility that operates the Fukushima Dai-ichi nuclear power plant, alleging it lied about radiation levels in the area.
Groupon has launched a Wedding Shop, which features gowns, tuxedos—even engagement rings—at a fraction of their normal price.
The scientific effort to inform the public about landslide risks often run head-on into powerful economic interests.
US policies—and Fed policy in particular—isn't what's hindering the recovery, says Ron Insana.
Money managers Louis Navellier and Jim O'Shaughnessy give CNBC their strongest stock plays, with one focusing on dividends rather than rapid growth.
US consumer credit rose more than expected in February, likely reflecting a surge in demand for student and automobile loans.
A large chunk of American adults are no longer in the labor force, and economists are divided over how many are voluntarily not working.
At Stevens Institute of Technology in New Jersey, students learn to engineer programs that will be used in high-frequency trading.
Puerto Rico's finance arm recently hired lawyers at Cleary Gottlieb as the island struggles with a weakened economy, The Wall Street Journal reported Monday.
In a bad tape, Jim Cramer likes to identify stocks that buck the trend and rally. The stocks that rallied on Monday, however, can seem kind of scary.