Bloomberg A quarter of all miles driven in the US could be in shared, self-driving electric cars by the end of the next decade, setting off a seismic shift that will upend the auto industry, according to a study on the rise of the autonomous age. A convergence of three trends — ride sharing, autonomous driving and vehicle electrification ...

  Bloomberg Equity hedge funds are getting a pick-me-up after a harsh 2016, when they suffered almost a third of the industry’s withdrawals, amid a global stock rally. The long-short strategy — the top performer — returned 3.2 percent in the first quarter on an asset-weighted basis, marking the best start to a year since 2013, according to Hedge Fund ...

  DUBAI / Reuters Most stock markets closed down on Monday with volumes low as geopolitical risk kept institutional funds away, but Abu Dhabi’s energy company TAQA kept rising after the government increased its stake in the company last week. Abu Dhabi’s index fell 0.4 percent, with shares of the recently merged lender First Abu Dhabi Bank down 0.9 percent, ...