A JPMorgan quant may have dropped the whole market with report comparing today’s risks to 1987

JPMorgan warned its clients to hedge against a market drop because extremely low volatility often precedes a sell-off.”It is safe to say that volatility has reached all-time lows, and this should give pause to equity managers,” quantitative and derivative...

Elon Musk’s SpaceX is now worth $21 billion, making it one of the most valuable private companies

SAN FRANCISCO — SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world. SpaceX’s new...