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Category: Finance News
Ken Griffin’s Citadel hedge fund rose 1.9% in January as volatility ramped up
Citadel’s multistrategy flagship Wellington fund climbed 1.9% in January, following a 15.3% gain last year.
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Kashkari said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface.
Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
With Turkey’s inflation at 65%, the 42-year-old economist has his work cut out for him.
Red Sea tensions risk significantly higher inflation, OECD warns
Higher shipping costs could add 0.4 percentage points to consumer price inflation, the Paris-based group said Monday.
Stocks making the biggest moves premarket: Estee Lauder, Nvidia, McDonald’s, Caterpillar and more
These are the stocks posting the largest moves in early trading.
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a “very dangerous” spot as strong jobs numbers suggest the Federal Reserve’s interest rate hikes have not had the desired effect, says Cole Smead.
Delivery Hero says it hit 2023 sales growth targets in early results after 26% stock plunge
Delivery Hero put out preliminary results Monday, earlier than they were expected to drop, after the company saw 26% erased from its share value last week.
Turkey’s inflation sees biggest monthly jump since August, nears 65% year-on-year
In January, Turkish inflation saw its biggest monthly jump since August, rising 6.7% from the month prior, according to the Turkish Central Bank.
Why is Switzerland home to so many billionaires?
Switzerland is home to an estimated 110 billionaires — one for every 80,000 people — with a combined wealth of $338 billion, outranking other super-rich hotspots. What makes it such an attractive place for the uber-rich, and how does that extreme wealth affect the rest of the Swiss society?