Bloomberg Hedge funds have adored the FAANGs for so long it’s no wonder that two of them—Apple Inc. and Facebook Inc.—are losing their appeal. Ken Griffin’s Citadel sold 3.4 million shares of Apple, the majority of its stake. And Viking Global Investors, led by Andreas Halvorsen, shed 9.6 million shares of Facebook, or most of its holding. These are just ...

Bloomberg Goldman Sachs Group Inc. is upping its game to lure top technology talent. The Wall Street firm recently boosted pay for programmers fresh from college to compete with the likes of Google and Facebook Inc. And it’s enlisting a Silicon Valley fixer, Andrew Trout from Square Inc., for a new post leading engineering recruitment. The moves are the work ...

Bloomberg Oil investors are already worrying over the potential fallout when OPEC’s deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding. Uncertainty about how supplies curbed by the Organization of Petroleum Exporting Countries and its allies will be returned to the market in 2018 is clouding the outlook for crude, according ...