• 2024 was a good year for many of the industry's biggest quant names.
• Players like Renaissance Technologies and Marshall Wace returned more than 20%.
• Cliff Asness's AQR also had a big year, with its multistrategy Apex fund returning more than 15%.

Much like their peers in the multistrategy world, quant hedge funds had a strong 2024.

Algorithm-driven trading firms mostly delivered double-digit returns across different quant strategy types, including "quantamental" funds that blend systematic and human-run qualities into one and trend-following offerings. However, most of these funds failed to match the S&P 500's 23% gain.

In 2024, the biggest and oldest names in computer-run hedge funds led the way, such as Renaissance Technologies, the firm founded by the late billionaire Jim Simons.

The firm's two main funds available to investors — Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha — were up 22.7% and 15.6%, a person close to the manager told Business Insider. Of course, the manager's legendary Medallion fund, which now runs around $12 billion of internal capital, performed even better with a 30% return, Simons' biographer and Wall Street Journal reporter Gregory Zuckerman said in a Linkedin post.

In the UK, longtime strategies for $70.9 billion Marshall Wace and $13.1 billion Winton Group had good years. Marshall Wace's TOPS fund, an alpha-capture pioneer that systematically evaluates ideas and research from humans to create its portfolio, made 22.7%, according to a person close to the London-based firm. The all-quant multistrategy Winton Fund was up 10.3% last year, a person familiar with the firm told BI.

French quant firm Capital Fund Management, which is expanding its US presence, made 14.2% in its Stratus fund, which manages roughly $11.8 billion. The firm overall runs $16.7 billion across its half-dozen strategies, all of which were up double-digits in 2024, a person close to the firm said.

Cliff Asness's AQR meanwhile made 17.9% in its $2.5 billion trend-following Helix fund, a firm spokesperson told BI. The manager's $2.3 billion multistrategy fund, Apex, returned 15.1% on the year.

Graham Management was also up, returning 11.9% in its quantamental fund known as Proprietary Matrix while its trend-following option returned 6.7%, according to a person close to the Connecticut-based manager with $20 billion in assets.

But these managers have no time to rest. Artificial intelligence advancements have firms racing to build out systems and teams to better their processes. A new fund from OpenAI alum Leopold Aschenbrenner has the backing of Stripe's founders and former GitHub CEO Nat Friedman and is "focused on" a type of AI that would match human intelligence.

"The industry is experiencing an information arms race with respect to how much information can be gathered and how quickly it can be processed," a new release from Don Steinbrugge, an industry consultant who runs Agecroft Partners, reads.

"Information advantages are often short-lived, and many managers will continue investing in a host of new technologies."

More firms' performance figures will be added as they are learned.

• There's been little movement in recent years, especially in the House, on banning stock trading.
• That could change this year, with a group of hardline Republicans now pushing the issue.
• "I need to put my foot on the gas a little bit," said Rep. Chip Roy. "Let's deal with it."

For years, lawmakers in both parties have tried to pass legislation to ban members of Congress from trading stocks.

It's popular with the American public. Both outgoing President Joe Biden and President-elect Donald Trump support it. A bipartisan group of senators came together around a single stock trading ban bill this past summer, and two years ago, the House almost took a vote on a bill hastily put forward by House Democratic leadership.

However, an actual floor vote in either chamber has long remained elusive. Now, some hardline House Republicans are hoping to change that.

"I'm tired of my colleagues sticking their heads in the sand on it. It needs to be dealt with, sooner rather than later," Rep. Chip Roy of Texas told Business Insider in a brief interview on Friday.

Roy and 10 other members of the House Freedom Caucus board sent a letter to Speaker Mike Johnson on Friday expressing their "sincere reservations" with his tenure. Many of those lawmakers initially withheld their votes for Johnson, only to relent out of deference to Trump.

In that letter, the GOP hardliners outlined a series of rule changes they wanted to see, along with policy items that they expected Johnson to put up for a vote. Among those items: Ending stock trading by members of Congress.

"If that's what it takes to gain some confidence by the public in the fact that members of Congress work ethically, then I think that's a small price to pay," Rep. Andy Harris of Maryland, the chairman of the House Freedom Caucus, told BI.

Roy has long been the leader GOP cosponsor of one of the leading bills to ban stock trading, the TRUST in Congress Act, and he told BI that it was his idea to add that demand to the letter. He also happens to be one of Johnson's chief critics, and could — in coordination with the other Republicans — threaten the speaker with a vote on his ouster if the House doesn't take up that legislation.

As of now, it's not clear whether that will happen. Roy said that banning lawmakers from trading stocks is "not as existential to the functioning of the average American family on a daily basis" as some of the other priorities laid out in the letter, including steep cuts to federal spending and enacting tough border security and immigration measures.

The Texas Republican did express frustration with the lack of progress on the issue over the last several years while hinting that this year could be different.

"It's been sitting out there for three or four years, we kind of keep dragging feet, and it's time to deal with it," said Roy. "I need to put my foot on the gas a little bit, and so I'm putting my foot on the gas."

As of now, Roy says that "foot on the gas" involves laying out the demand and talking with Johnson and other relevant committee chairs about moving the legislation.

Johnson, for his part, has not publicly expressed a position on a stock trading ban, and a spokesperson did not provide a position when contacted by Business Insider on Monday. His predecessor, former Rep. Kevin McCarthy of California, did express support for a stock trading ban.

"The perception of Congress, whether true or not, is that some may take advantage of insider information," Rep. Andy Ogles of Tennessee, another Freedom Caucus letter signatory, told BI. "This is a gesture to say, 'Hey, look, we're not treated any differently.'"

Despite widespread agreement on the principle, the details of an eventual ban aren't widely agreed upon, and different bills propose different things. Some legislation would ban the ownership of stocks altogether, but Ogles said that "active day-trading" is the real problem.

"It doesn't mean you can't own stock, so that you can't have mutual funds," Ogles said.

Meanwhile, some House Freedom Caucus members still trade stocks, and one — Rep. Byron Donalds of Florida — violated a federal law requiring timely disclosure of stock trades in the fall of 2024.

A September 2024 report from the Campaign Legal Center found that 44% of House members and 54% of senators own stock.

Sony just revealed the first set of PlayStation Plus games in 2025 available for all subscribers, regardless of what service tier they're signed up for. Up this month are Suicide Squad: Kill the Justice League, Need for Speed Hot Pursuit Remastered and The Stanley Parable: Ultra Deluxe. I can't say it's the most exciting set of games, but at the very least The Stanley Parable is a classic, albeit an old one — the game was first released way back in 2011 as a mod for Half-Life 2. The game then got a proper full release in 2013, and the Ultra Deluxe version was released for modern consoles in 2022. 

Original creators Davey Wreden and William Pugh put together the Ultra Deluxe edition, with an expanded script and a number of other new changers that the developers weren't exactly forthcoming about: "Everything you remember has been recreated, yet it's different somehow. We've been here before, haven't we?" Broadly speaking, though, the game expands on the original with more choices, more dialog and more choices for the player to navigate. If you haven't given the game a shot, you now have no excuse not to check it out.

Need for Speed Hot Pursuit Remastered is another oldie — released originally in 2010, but updated for the PS4 in 2020. That's the version available here, with full career modes for either a racer or cop, depending on which side of the law you feel like being on. This version also includes multiplayer modes and all the DLC that was released for the original game.

Finally, the newest game in the batch is Suicide Squad: Kill the Justice League, a live service game that went through multiple delays, got largely negative reviews and reportedly cost Warner Bros. some $200 million. Adding insult to injury, developers announced that the current season of content would be its last, though there are no plans to shut the game down yet. Given that it only came out this past February, that's a pretty short lifespan. I'm not sure that I'd want to jump onto the sinking ship at this point, but at least you can give it a shot without shelling out the $70 it still costs.

All these games are available as of January 7 to PS Plus subscribers, and you have until then to add December's games to your library. 

Robinhood CEO Vlad Tenev has a lot to celebrate this holiday season. After a bumpy few years following Robinhood’s 2021 IPO — a period during which shares of the commission-free trading app plummeted by more than 90% after it abruptly restricted trading in some meme stocks — the 12-year-old company was just declared Yahoo Finance’s […]

© 2024 TechCrunch. All rights reserved. For personal use only.

The Federal Trade Commission (FTC) is reportedly investigating Microsoft like it’s 1998. In the waning days of the Biden administration, outgoing chair Lina Khan’s probe is said to be picking up steam, according to ProPublica. The FTC is particularly concerned with Microsoft’s bundling of ubiquitous Office products with cybersecurity and cloud computing services. That includes a deal to upgrade government bundles for a limited time, which essentially had the effect of using a government cybersecurity crisis to sell more licenses.

It adds more detail to reports from Bloomberg and the Financial Times in November about an FTC probe into the Windows maker. The publications said Microsoft’s competitors complained that its bundling of its popular software with cloud services made it harder to compete. ProPublica says FTC attorneys have recently interviewed and scheduled meetings with Microsoft’s competitors.

Microsoft confirmed to ProPublica that the FTC issued a civil investigative demand (essentially a subpoena), forcing the company to hand over information related to the case. A Microsoft spokesperson told the publication — without providing on-the-record examples — that the FTC document is “broad, wide ranging, and requests things that are out of the realm of possibility to even be logical.”

The investigation follows a separate ProPublica report from November about how Microsoft appeared to exploit a series of cyberattacks to sell more licenses to the US government. Following a meeting with President Biden in the summer of 2021, the company was said to have offered to upgrade the government’s existing bundles (including Windows and its Office suite) to a more expensive version that added its advanced cybersecurity products. Microsoft also sent consultants to install the upgrades and train employees to use them.

Many divisions of the US government accepted — including all of the Defense Department’s military services — and then began paying for the more expensive bundles after the trial ended. (The hassle of switching to a different cybersecurity product after the trial ended practically guaranteed that would be the case.) ProPublica’s account essentially paints Microsoft as exploiting a cybersecurity crisis to expand sales and pad its bottom line. Just late-stage capitalism things, y’all.

Microsoft

Ironically, the sales tactic resulted from security lapses from — you guessed it — Microsoft. Biden’s request from Big Tech leaders to boost government cybersecurity followed the SolarWinds attack that exploited a vulnerability in a Microsoft identity service. The company reportedly knew the app contained a “security nightmare” that let hackers spoof legitimate employees and probe sensitive information without raising suspicion. But patching the flaw would add friction to government logins when the company was competing for US contracts. Microsoft reportedly opted to stay mum instead of risk losing business.

According to experts who spoke to ProPublica, the government trial sales scheme could have violated regulations on contracting and competition. The publication reported that even Microsoft’s attorneys worried the deal would spark antitrust concerns.

If this sounds familiar, it echoes the government’s 1998 antitrust lawsuit against Microsoft. Bundling was also a star of that show, with the FTC accusing the company of engaging in anticompetitive practices by including Internet Explorer with Windows, a move viewed in those early days of the internet as stifling rivals like Netscape.

In recent years, reflecting on the past 12 months has seemed to bring back nothing but woe. Surprisingly, though, 2024 saw a higher number of candidates for good things in tech than bad. In spite of the continued AI onslaught, widespread dissatisfaction and worldwide political conflict, there were some bright spots this year that put smiles on faces and took minds off things. As we get ready to start saying "2025" when making plans, here’s hoping that reminiscing about the best things in tech in 2024 can help us remember joyful times.

LocalThunk

You likely don’t know the name LocalThunk, which is the handle of a Canadian game developer who has yet to share his real identity. You do, however, know his handywork. LocalThunk made a little game called Balatro, which has been the indie success story of the year. The massive cultural footprint of this game instantly put him on the Mount Rushmore of solo developers, alongside Daisuke Amaya (Cave Story), Markus Persson (Minecraft), Lucas Pope (Papers, Please) and Eric Barone (Stardew Valley), among others.

Balatro — which can justly be described as a wacky full-fledged sequel to poker —came out back in February, and has since sold millions of copies across multiple platforms. It has popped up on numerous 2024 best-of lists and even nabbed a nomination for GOTY at The Game Awards. To call it a hit is something of an understatement. Balatro has become so popular that it has crossed over with other gaming franchises and inspired a physical deck of cards.

LocalThunk is now, very likely, worth a whole lot of money. Good for him. He created something new that everyone wanted, a venture that took three years. Despite the similarities to poker, the developer is extremely committed to keeping Balatro pure and out of the hands of gambling platforms. He recently revealed that he created a will that stipulated that the IP never be sold or licensed to any gambling company or casino.

I highly recommend checking out the game, which is available for both consoles and mobile devices. It will likely burn into your brain, leaving you unable to think or talk about anything else. Actually, wait until you have some time off work before giving it a download. — Lawrence Bonk, contributing writer

Bluesky

After several months in an invitation-only beta, Bluesky finally ditched its waitlist and opened to everyone at the start of 2024. At the time, it had just over 3 million users, a handful of employees and a lot of ideas about how to build a better space for public conversations. Since then, the service has grown to more than 25 million users, including a number of celebrities, politicians and other prominent figures who were once active on X.

Bluesky is still very much an underdog. Meta’s Threads has more than 10 times as many total users and far more resources. Even so, Bluesky has notched some significant wins. The open source service nearly tripled in size in the last few months of the year, thanks to a surge in new users following the election. The platform has also had an outsized influence when it comes to features, with Meta already copying unique ideas like starter packs and custom feeds.

Bluesky isn’t without issues — it needs to come up with a better approach to verification for example — but it’s still our best hope for an open, decentralized platform not controlled by a multibillion dollar advertising company. While Meta is reportedly preparing to point its ad machine at Threads and has already throttled the reach of political content, Bluesky’s leaders have made it clear they want to take a different approach. And while it’s hard to imagine Bluesky’s growth eclipsing Threads anytime soon, Bluesky feels more relevant than ever. — Karissa Bell, senior reporter

Sam Rutherford for Engadget

Google Pixel 9 Pro Fold

We’ve seen so many competing designs on foldable phones over the years. Samsung started out with an inward folding hinge on the original Galaxy Fold and stuck with it as the Z Fold line has morphed into the long, skinny baton-like devices we have today. Then there were others like the Huawei Mate X which featured outward folding builds. More recently, companies have teased the first generation of gadgets with tri-folding displays. But after testing out Google’s Pixel 9 Pro Fold this year, it feels like keeping things simple was the winning formula all along.

That’s because instead of trying to create a foldable with a unique aspect ratio or screen size, Google basically took the exterior display from the standard Pixel 9 and then installed a flexible display almost exactly twice the size on the inside. So when it’s closed, you have a phone that looks, feels and operates just like a typical glass-brick but when opened can also expand to become a mini tablet. The Pixel 9 Pro Fold also has the best cameras on any foldable on sale today while not being much thicker or heavier than its more traditional siblings. But perhaps the biggest victory is just seeing how much of a jump in build quality and usability the Pro Fold offers over its predecessor without making any major sacrifices. I just wish it was a bit more affordable so more people could experience the magic of a big foldable phone. — Sam Rutherford, senior reviewer

AR Glasses

For years, companies like Meta and Snap have hyped up the promise of augmented reality — not just the animated selfie lenses and other effects we can see on our phones, but standalone hardware capable of overlaying information onto the world around us. But despite these promises, actual AR glasses felt just out of reach.

This year, that finally started to change. Snap released its second pair of AR Spectacles, and Meta finally showed off its Orion AR glasses prototype. After trying out both, it’s easy to see why these companies have invested so much time and money on these projects. To be clear, both companies still have a lot of work ahead of them if they want their AR glasses to turn into a product their users will want to actually buy. Right now, the components are still too expensive, and the glasses are way too bulky (this is especially true for Snap, if the social media reactions to my selfies are any indication). But after years of hearing little more than lofty promises and sporadic research updates, we finally saw real progress.

Snap has lined up dozens of developers, including Niantic, Lego and Industrial Light and Magic who are already building apps for AR. Meta is, for now, keeping its AR work internal, but its neural wristband — which may be coming to a future pair of its RayBan-branded glasses — feels like a game-changer for next-gen controllers. So while AR glasses aren’t ready to replace our phones just yet, it’s getting a lot easier to imagine a world in which they might. — K.B.

ASUS Zenbook Duo

The classic clamshell with a screen up top and a physical keyboard down below isn’t going away anytime soon. But this year, the Zenbook Duo showed that laptops still have plenty of room for improvement. That’s because after multiple attempts by various manufacturers to refine and streamline dual-screen laptops, ASUS finally put everything together into a single cohesive package with the Zenbook Duo. It packs not one but two 14-inch OLED displays with 120Hz refresh rates, solid performance, a surprisingly good selection of ports (including full-size HDMI) and a built-in kickstand. And weighing 3.6 pounds and measuring 0.78 inches at its thickest, it's not much bigger or heftier than more traditional rivals.

You also get a physical keyboard, except this one connects wirelessly via Bluetooth and can be either placed on top of the lower screen like a normal laptop or moved practically anywhere you want. This allows the Zenbook Duo to transform into something like a portable all-in-one complete with two stacked displays, which are truly excellent for multitasking. And because the keyboard also charges wirelessly, you never have to worry about keeping it topped off. But the best part is that starting at $1,500, it doesn’t cost that much more than a typical premium notebook either, so even when you’re traveling you never have to be limited to a single, tiny display. — S.R.

DJI Neo

DJI’s tiny $200 Neo drone blew into the content creator market like a tornado. It was relatively cheap and simple to use, allowing beginners to create stunning aerial video at the touch of a button, while taking off and landing on their palms. At the same time, the Neo offered advanced features like manual piloting with a phone or controller, subject tracking and even impressive acrobatics.

Weighing just 156 grams and equipped with people-safe propeller guards, DJI’s smallest drone can be piloted nearly anywhere with no permit needed. And unlike Snap’s Pixy drone, it’s far more than a toy.. It can fly at speeds up to 36 mph and perform tricks like flips and slides. It also offers reasonably high-quality 4K 30p video. All of that allows creators to track themselves when walking, biking or vlogging, adding high-quality aerial video that was previously inaccessible for most.

There are some negative points. The Neo lacks any obstacle detection sensors, so you need to be careful when flying it to avoid crashes. Video quality isn’t quite as good as slightly more expensive drones like the DJI Mini 3. And the propeller noise is pretty offensive if you plan to operate it around a lot of people. Perhaps the biggest problem is that DJI’s products might be banned in the US by 2026, even though it escaped that fate this year.

For $200, though, it offers excellent value and opens up new creative possibilities for content creators. Much like the company’s incredibly popular Osmo Pocket 3, the Neo shows how DJI is innovating in the creator space to a higher level than rivals like Sony or Canon. — Steve Dent, contributing writer

reMarkable Paper Pro

reMarkable’s distraction-free writing slates have always offered an elegant alternative to other tablets. The second generation model is great, but the advent of the Paper Pro has highlighted where that device was lacking. It’s certainly one of the best pieces of hardware I’ve tested this year and, if I owned one, I’d likely make it a key part of my daily workflow. The bigger display, faster internals and the fact it can now render colors elevates it above the competition. It’s gone from a useful tool to an essential one, especially if you need to wrench yourself away from the distractions of the internet.

It’s still far too expensive for what it is, and qualifies as a luxury purchase in these straightened times. It won’t stack up in a spec-for-spec comparison to an iPad, even if they’re clearly catering for two very different audiences. But, judging it on its merits as a piece of technology, it does the job it was built to do far better than anything else on the market. What can I say, I just think it's neat. — Daniel Cooper, senior reporter

NotebookLM

Maybe my AI dalliances are far too mundane – I spend more time trying to get worthwhile shopping advice from Claude and ChatGPT, for instance, rather than playing around with music generators like Suno or even image creators like Dall-E. But for this podcast fan, it’s Google’s NotebookLM that was the big AI revelation of 2024.

The audio offshoot of Google’s Project Tailwind, an AI-infused notebook application, NotebookLM synthesizes a full-on podcast that summarizes the documents, videos or links you feed it. Delivered as a dialogue between male and female co-hosts, it feels like a next-gen two-person version of the Duplex software agent that Google unveiled in 2018. The resulting audio stories (just a few minutes in length) wouldn’t sound terribly out of place on your local NPR station, right down to copious use of “ums,” “ahs,” pauses and co-hosts talking over each other with a relevant detail or two. Yes, it doesn’t have any more depth than the chatter on the average TV morning show, occasionally botches pronunciation – sometimes spelling out common acronyms letter by letter, for instance – and it’s just as prone to hallucinations as any other current AI model. And I certainly don’t think real podcast hosts have anything to fear here (at least, not yet.)

But to me, NotebookLM doesn’t feel like the rest of the AI slop that’s invading the web these days. It’s a win on three fronts: The baseline version is free, it’s dead simple to use (just feed it one or more links, or a blob of text) – and it can be downright fun. This was the system’s take when I fed it the full text of Moby Dick, for example – and that’s small potatoes compared to, say, the hosts “discovering” they’re not human. Thankfully, unlike the plethora of projects that Google summarily kills off, NotebookLM seems to be flourishing. I haven’t tried the new “phone in” feature or the paid Plus subscription, but both suggest that we’ll be hearing more from Audio Overviews in 2025. — John Falcone, executive editor

PC CPU competition heats up

For the past decade, the story around laptop and desktop CPUs has basically been a back and forth between Intel and AMD. At times, AMD’s sheer ambition and aggressive pricing would make its chips the PC enthusiast choice, but then Intel would also hit back with innovations like its 12th-gen hybrid processors. When Apple decided to move away from Intel’s chips in 2020, and proved that its own mobile Arm architecture could dramatically outpace x86 and x64 designs, it was clear that the industry was ready to shift beyond the AMD and Intel rivalry.

So it really was only a matter of time until Qualcomm followed in Apple’s footsteps and released its Snapdragon X Elite chips, which powered the new Surface Pro, Surface Laptop and other Copilot+ PCs. Those mobile chips were faster than ever before, far more efficient than Intel and AMD’s best, and they were aided by some timely Windows on Arm improvements. While you may still run into some older Windows apps that don’t run on Arm machines, the experience today is dramatically better than it was just a few years ago.

And sure, the race to equip CPUs with better neural processing units (NPUs) for AI work is a major reason chipmakers were eager to make a huge splash in 2024. Intel’s Lunar Lake hardware and AMD’s Ryzen AI 300 chips were laser-focused on delivering powerful AI capabilities. But it turns out we’re still waiting to see what those NPUs can really do. Microsoft’s Recall AI feature has only just begun rolling out to willing testers, and it still can’t effectively filter out credit card and social security numbers.— Devindra Hardawar, senior reviewer

While there remain regular laptops and gaming laptops, the line that separates them has nearly disappeared. Today, if you have a fast CPU and graphics card, along with perks like a big screen and a good cooling system, you can play a decent number of games on your laptop. Besides, not everyone wants a big, garish gaming rig, nor does everyone want to spend the money required to get one of those. If you’re considering a new laptop for school, there are more options now than ever before that can both get you through your most challenging studies and keep up with your next AAA play through. These are our top picks for the best laptops for gaming and schoolwork — but if you’re looking for a dedicated gaming laptop rather than an all-in-one machine, check out our best gaming laptops list for our recommendations.

Best laptops for gaming and school in 2025

Are gaming laptops good for school?

As we’ve mentioned, gaming laptops are especially helpful if you're doing any demanding work. Their big promise is powerful graphics performance, which isn't just limited to PC gaming. Video editing and 3D rendering programs can also tap into their GPUs to handle laborious tasks. While you can find decent GPUs on some productivity machines, like Dell's XPS 15, you can sometimes find better deals on gaming laptops. My general advice for any new workhorse: Pay attention to the specs; get at least 16GB of RAM and the largest solid state drive you can find (ideally 1TB or more). Those components are both typically hard to upgrade down the line, so it’s worth investing what you can up front to get the most out of your PC gaming experience long term. Also, don’t forget the basics like a webcam, which will likely be necessary for the schoolwork portion of your activities.

The one big downside to choosing a gaming notebook is portability. For the most part, we'd recommend 15-inch models to get the best balance of size and price. Those typically weigh in around 4.5 pounds, which is significantly more than a three-pound ultraportable. Today's gaming notebooks are still far lighter than older models, though, so at least you won't be lugging around a 10-pound brick. If you’re looking for something lighter, there are plenty of 14-inch options these days. And if you're not into LED lights and other gamer-centric bling, keep an eye out for more understated models that still feature essentials like a webcam (or make sure you know how to turn those lights off).

• President Joe Biden expressed support for a stock trading ban in Congress for the first time.
• "Nobody in the Congress should be able to make money in the stock market," he said.
• Lawmakers have been trying to enact a stock trading ban for years.

With just a few weeks left in his tenure, President Joe Biden expressed support for banning members of Congress from trading stocks.

"Nobody in the Congress should be able to make money in the stock market while they're in the Congress," Biden said in a forthcoming interview with More Perfect Union, according to the Associated Press.

It's the first time that Biden has expressed support for the idea, which has been a subject of debate on Capitol Hill for years.

In 2022, then-White House Press Secretary Jen Psaki said that Biden "believes that everyone should be held to the highest standard," but that he would defer to Congress on the issue.

"I don't know how you look your constituents in the eye and know, because the job they gave you, gave you an inside track to make more money," Biden said in the More Perfect Union interview. "I think we should be changing the law."

Despite widespread public support for a stock-trading ban, it's unlikely to come to fruition during this Congress. Even so, there's been significant progress over the years, with a bipartisan group of senators passing a compromise stock-trading ban bill out of committee in July.

Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe. Upvest clients […]

© 2024 TechCrunch. All rights reserved. For personal use only.