Wall Street

Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows

Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…

Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs

Crypto investors are eagerly awaiting an imminent ruling from the U.S. Securities and Exchange Commission that will likely approve the…

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data…

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…

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…

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…