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German Inflation Unexpectedly Quickens in Fresh Blow for ECB
Consumer prices rose 9.3% from year ago in February; est. 9% ECB set for half-point March hike with focus on months ahead German inflation surprisingly accelerated in February, further complicating the European Central Bank’s task after overshoots this week in other...
Paul Tudor Jones-Backed Quant Manager Returns 20% Using Crowdsourced Ideas
Numerai solicits trading ideas from amateur data wonks Open-for-all vision is unconventional on Wall Street A Paul Tudor Jones-backed hedge fund that harnesses the stock-picking skills of amateur quants has nabbed another $100 million of inflows after soaring 20% in...
Berkshire Rail, Insurance Units Earnings Slip on Weak Demand
Conglomerate still reported record operating earnings for year Buffett takes issue with critiques of share buybacks in letter Warren Buffett’s Berkshire Hathaway Inc. reported weaker results in some of its key businesses, underscoring fears the US economy is facing a...
Summers Sees Signals of a Sharp Drop-Off in Economic Activity
Former Treasury chief says data on current conditions strong Leading indicators suggest risk of ‘Wile E. Coyote’ moment Former Treasury Secretary Lawrence Summers said worrying signals of a potential sharp drop-off in activity combined with strength in other...
Dimon Says the US Economy Is Facing Some ‘Scary Stuff’ Ahead
JPMorgan CEO’s list includes Fed, Ukraine, Energy, China Central bank will have to pause rate hikes, Dimon says The US economy has obstacles to overcome, though there’s still a chance for a so-called soft landing, Jamie Dimon said. “The US economy right now is doing...
Cliff Asness Issues Warning on Stocks Pricing Inflation Drop
AQR co-founder says ‘fat tail event’ would be macro economic Quant pioneer says world too quick to think valuations fixed Billionaire quant investor Cliff Asness warned Thursday that US stocks are vulnerable to a macro shock if inflation doesn’t stage a spirited...