Shawna Kwan

Fidelity Investments, the world’s third-largest money manager, reported that its assets under management rose to $7.8 trillion in the second quarter, up 23% from a year ago.

Fidelity Investments, the world's third-largest money manager, reported that its assets under management rose to $7.8 trillion in the second quarter, up 23% from a year ago.

A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.

Chinese tech firms, from Bytedance Ltd. to artificial intelligence startups, are driving demand for Hong Kong’s data centers, helping push lease prices up by nearly double this year.

The AI boom, fueled in part by the success of DeepSeek, has prompted more Chinese firms to use Hong Kong as a springboard to test models and expand overseas. Deals for digital infrastructure accelerated in the last quarter, driving up prices for data center capacity on a per-kilowatt basis, according to Structure Research, a data center consultancy.

T. Rowe Price Group Inc.'s chief executive officer sees tax-loss harvesting strategies as a growth area, but remains confident that its offerings won't draw regulatory scrutiny.

Lower Manhattan’s office market is showing early signs of a revival as companies seek a less costly alternative to the prestigious skyscrapers of Midtown.

Greg Jensen, the co-chief investment officer of one of the world’s largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg’s Odd Lots podcast.

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Greg Jensen, the co-chief investment officer of one of the world's largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg's Odd Lots podcast.