TORONTO (Reuters) – Canadian economic activity contracted in December at the sharpest pace since the early stages of the COVID-19…
Stock swoon resets valuations but recession risk, rates cloud outlook
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are starting 2023 at much cheaper levels after Wall Street’s biggest…
Investment management firm AQR books best year in several strategies
By Nell Mackenzie (Reuters) – Investment management firm AQR’s Absolute Return Strategy in 2022 saw its best year since its…
Fed will face complicated choices as labor market softens: George
(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even…
Southwest Airlines forecasts loss after mass holiday cancellations
By Abhijith Ganapavaram and Kannaki Deka (Reuters) -Southwest Airlines Co said on Friday it expects to post a loss in…
New York sues Celsius Network founder Mashinsky, alleges crypto fraud
By Jonathan Stempel NEW YORK (Reuters) -New York’s attorney general on Thursday sued Celsius Network founder Alex Mashinsky, claiming he…
Fed’s more gradual rate hike path should limit economic harm, Barkin says
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to…
European shares end at seven-month high, best week since March
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares closed at seven-month highs on Friday, boosted by miners and…
Wood’s Ark Invest nearly liquidates Silvergate Capital position
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s Ark Invest sold 403,990 shares of embattled crypto-focused…
Whiplash: energy markets start 2023 with biggest weekly dive in years
By Stephanie Kelly NEW YORK (Reuters) – Energy futures for crude oil, refined products and natural gas have plummeted in…