business news

New York City suing charter bus companies for transporting migrants from Texas

New York City is suing more than a dozen charter bus companies for their role in Texas Gov. Greg Abbott’s…

Friday’s jobs report will be a big signal for a market looking for good news

When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet…

State-run ‘auto-IRA’ programs aim to close retirement savings gap

Roughly half of Americans don’t have access to a workplace retirement plan — but states are increasingly stepping in to…

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.…

Jeffrey Epstein court files: ‘There’s lots more to come,’ victim’s lawyer says

The lawyer for multiple victims of Jeffrey Epstein says more court documents detailing the sex predator’s actions and names of…

‘Mnuchin has not been in the room’: Trump Treasury secretary absent from 2024 campaign

After serving in the Trump administration for four years, former Treasury Secretary Steven Mnuchin is keeping his distance from the…

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…

Private payrolls added 164,000 in December, beating expectations, ADP says

Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient…