Hedge Funds Explained: Strategies, Fees, and Structure
What a hedge fund actually is, the 2-and-20 fee structure with high-water marks, the four main strategies, and how hedge funds differ from mutual funds, PE, and VC.
Bruno
SpaceX Files S-1: $75B Raise Would Be Largest IPO Ever
SpaceX disclosed $18.7B in 2025 revenue, a $4.3B Q1 net loss and 85% Musk voting control as it targets a June 12 Nasdaq debut under SPCX.
D-Wave Lands $100M CHIPS Letter; Quantum Stocks Rip
D-Wave signed a $100M CHIPS Act letter of intent with Commerce. QBTS jumped 28%, RGTI 26%, INFQ 29% as quantum names ripped sector-wide.
Beta, Alpha, and CAPM: What They Actually Measure
Beta measures how a stock moves with the market. CAPM converts that risk into a required return. Alpha is what’s left over. Here is what each really means, with verified data.
Fed’s Bank CFO Surveys: Reserves Still ‘Ample’ at $3.10T
Fed released two Senior Financial Officer Surveys May 14: bank CFOs weighed in on reserves and discount window operating days as $3.10T sits at the Fed.
Take-Two Reports Tonight Ahead of GTA VI in November
Take-Two reports Q4 FY26 earnings May 21 with Grand Theft Auto VI six months from launch. What to watch — and why FY27 is the real story.
REITs Explained: How Real Estate Investment Trusts Work
What is a REIT, the 90% dividend rule, equity vs mortgage REITs, why FFO matters more than net income, and why rising rates hit REITs first.
Fed Floats ‘Payment Accounts’ to Let Fintechs Onto Its Rails
Fed proposes a new ‘payment account’ for fintechs: direct payment rails, no intraday credit, no IORB, hard balance caps. 60-day comment period.
NVIDIA Hits $81.6B, Guides $91B – Stock Slips on the News
NVIDIA posted record $81.6B Q1 revenue, +85% YoY, and guided Q2 to $91B – yet shares slipped 1.3% after hours.
What Is Free Cash Flow — and Why Investors Trust It
Free cash flow shows the cash a company really keeps after capex. Here’s the formula, real Big Tech examples, and why FCF beats earnings.