#New #multi_strategy hedge fund #launches accounted for less than one in 10 of new funds in the first quarter, down from about one in four in the last quarter of 2023, according to #data provider Preqin, a sign that investors witnessing higher market volatility might be seeking less risky prospects. Launches for this kind […]

  #South_Korea’s #factory output fell in March by the most in 15 months, government data showed on Tuesday, missing #market expectations. The #industrial production index fell 3.2% from a month earlier on a seasonally adjusted basis, after a gain of 2.9% in February and compared with a rise of 0.6% tipped in a #Reuters_survey of

  #Amy_Wang was counting on a 100,000 #yuan ($13,800) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in. The 30-year-old now pays 6,000 yuan of her 8,000 monthly salary on the

  Nearly all #new_passenger cars and #trucks sold in the #United_States will be required to have #automatic #emergency #braking systems by #September #2029, the #National #Highway #Traffic_Safety Administration (NHTSA) said on Monday, saying that the rule will save at least 360 lives annually and prevent at least 24,000 injuries. The new rule comes as traffic

  #Japan’s top #currency diplomat #Masato #Kanda said on Tuesday that authorities were ready to deal with #foreign #exchange matters “24 hours”, while declining again to comment on whether the finance ministry had intervened to prop up the yen a day earlier. “Whether it’s #London, #New_York or #Wellington (hours), it doesn’t make a difference,” the

  After #Hours #Stock #Movers: NXP Semiconductors (NASDAQ:#NXPI) rose 6% after the chipmaker reported first quarter EPS and guidance that topped #Wall_Street expectations. F5 Networks (NASDAQ:#FFIV) fell 12% after the application security company issued a forecast that was below consensus. Coursera Inc. (NYSE:#COUR) fell 18% after the online learning company cut full year revenue and

  #Paramount_reported #first_quarter earnings that topped Wall Street expectations  and the #media giant has its sights set on a new direction as chief executive #Bob_Bakish stepped down amid ongoing deal talks.   #George_Cheeks, #CEO of CBS, Chris McCarthy, CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks and Brian Robbins, Chief Executive Officer of Paramount Pictures

  #Rate cuts in #2024 were considered a done deal by many at the turn of the year, but #Macquarie has thrown in the towel on rate cuts this year, as a string of sticky inflation and strong #growth data this year suggests the disinflation train is running out of steam. “We no longer expect

  The #usa is still on track to avoid a recession and achieve a soft landing, #UBS says, on bets that the consumer is set for hiatus from a spending spree that has helped sustain the #economy and keep inflation sticky.   “Our base case remains a soft landing, with economic growth and inflation cooling off

  #usastock index futures moved little in evening deals on Monday as a rally in the technology sector appeared to be running out of steam amid dwindling hopes for interest rate cuts by the Federal Reserve. Focus was now on a Fed meeting later in the week for more cues on policy, after a series