Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. Citadel’s multistrategy Wellington fund gained about 1% in August, bringing its year-to-date return to 9.9%, according to a person familiar…

Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target.Previously one of the more hawkish policymakers, or in favor of tighter policy to fight inflation, Bostic noted that his focus is shifting…

Prime Medicine, Inc. (NASDAQ:PRME) is a gene-editing biotech. Its main platform is Prime Editing, a next-generation technology that can deliver accurate, adaptable, and safer one-time treatments for genetic diseases. This approach can potentially correct specific mutations without the disruptive double-stranded breaks produced by other systems. The company has a diverse…

“Rush” hour isn’t what it used to be.As more commuters settle into flexible working arrangements, fewer workers are making early morning or early evening trips compared to pre-pandemic traffic patternsThe traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a…

Adriane Schwager has interviewed thousands of people during her 20-year career working in recruiting — and she’s made hundreds of hires as a result.Finding the right people for her team is all the more important now that she’s the CEO and co-founder of GrowthAssistant, a hiring platform that uses global…

Performance Summary Cumulative Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/ LOF 1 Fidelity Freedom 2065 Fund (MUTF:FFSFX) Gross Expense Ratio: 0.76% 2 1.81% 10.20% 17.90% 3.82% 10.23% 10.23% S&P 500 Index (SP500, SPX) 4.28% 15.29% 24.56% 10.01% 15.05% 15.05% Fidelity Freedom 2065 Composite Index 2.04%…

Few Gen Z adults are saving for retirement.Just in 1 in 5 members of Gen Z, those born between 1997 and 2012, are contributing to a retirement account, according to a recent Bank of America survey.That hesitancy to invest might be driven by fear, as “a lot of people feel…

Huawei said Monday it plans to hold a product launch event this month just hours after Apple’s annual iPhone reveal as the Chinese technology giant looks to upstage its U.S. rival.The event will take place on Sept. 10 at 2:30 p.m. Beijing time, Huawei said in a post on Chinese…

Investment Thesis GigaCloud Technology (NASDAQ:GCT) is a battleground stock. In the same way, as many stocks become battlegrounds at some point in time, this battleground business is being unjustifiably sold off. Here I want to address the top 3 arguments that bears put forth against GigaCloud. More specifically, I address…

PDD ‘s tumble of nearly 30% last week on disappointing quarterly results is a reminder that China’s consumer has largely moved on from its years of double-digit growth. The slowdown shows few signs of turning around soon. That doesn’t mean it’s a sell across the board. PDD’s revenue grew by…