When the December jobs report hits Friday morning, markets will be looking for a number that hits a sweet spot.
Category: Finance News
State-run ‘auto-IRA’ programs aim to close retirement savings gap
Seven states are enrolling workers in so-called auto-IRA programs to address a gap in 401(k) coverage and savings. More are scheduled to come on line.
Stocks making the biggest moves midday: Apple, Walgreens, Mobileye, Eli Lilly and more
These are the stocks posting the largest moves in midday trading.
Cliff Asness’ AQR Absolute Return fund returns 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.
St. Louis Fed names former Tudor executive Alberto Musalem as new president
Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University last August.
Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the broader market
Billionaire investor Ken Griffin’s various hedge fund strategists all posted double-digit returns for 2023, but they failed to beat the broader market.
Private payrolls added 164,000 in December, beating expectations, ADP says
Private payrolls increased by 164,000 for the month, a substantial increase from the downwardly revised 101,000 in November.
Stocks making the biggest moves premarket: Walgreens, Apple, Yeti & more
Check out the companies making headlines in premarket trading.
Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
By 1 p.m. London time on Thursday, the average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary.
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.