U.S. payrolls increased by 216,000 in December, much better than expected
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than…
Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK
Coinbase, Crypto.com, Gemini and other cryptocurrency exchanges are warning users in the U.K. that they’ll need to start filling out…
Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks
Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person…
St. Louis Fed names former Tudor executive Alberto Musalem as new president
Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday.…
Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat…
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark…
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…
