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Wall Street Keeps Testing AI Traders, But Most Are Still Underperforming
Wall Street Keeps Testing AI Traders, But Most Are Still Underperforming
Recent trading competitions suggest large language models are still unreliable portfolio managers, according to Bloomberg.
Tests involving models from OpenAI, Anthropic, Google, and xAI have often delivered underwhelming results: many lost money, traded excessively, and made erratic decisions despite receiving identical prompts. In several cases, models appeared unable to stick to coherent strategies for more than a few trading sessions.
Bloomberg writes that one of the clearest examples came from Alpha Arena, a competition created by startup Nof1. Eight models were...
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Apr 15, 2026 / Tyler Durden
Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."
Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury...
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Mar 24, 2026 / Tyler Durden
"Will You Help Me Repair My Door?": Rapper Afroman Wins Major Free Speech Verdict
"Will You Help Me Repair My Door?": Rapper Afroman Wins Major Free Speech Verdict
Authored by Jonathan Turley via jonathanturley.org,
When singer Joseph E. Foreman took the stand recently in Ohio, his message, like his lyrics, was hardly subtle. Indeed, counsel may have been unsure whether to examine or to hoist him. The rapper, known as “Afroman,” appeared in a suit modeled after an American flag with matching flag-patterned sunglasses. He lashed out at the seven police officers who raided his home and then sued him for publicly mocking them. He...
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Mar 5, 2026 / Kyle Anzalone
Israeli Defense Official Says No Signs Iranian Military Is Near Collapse
An Israeli defense official explained that Tehran had learned lessons during the war in June, and the Iranian military was not close to collapse. “The Iranians learned lessons from Operation Kalavy,” a senior Israeli military official told the Israeli outlet Walla on Tuesday. “They are still functioning militarily at a level that is between moderate […]
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