Citadel’s Market Maker Posts Record Revenue; Hedge Fund Surges
Citadel Securities raked in a record $7.5 billion in 2022, capitalizing on last year’s volatility and raising its presence as one of the largest trading units in the US.
Citadel Securities raked in a record $7.5 billion in 2022, capitalizing on last year’s volatility and raising its presence as one of the largest trading units in the US.
Mexico’s leading presidential hopeful Claudia Sheinbaum, who sees herself as the natural successor to Andres Manuel Lopez Obrador, wants to accomplish what even her mentor wasn’t able to: a constitutional change that would cement state control over the power sector.
Bond traders’ expectations for how high the Federal Reserve might need to push its benchmark rate received renewed impetus on Thursday as focus turns to the strength of the US labor market, pushing short-end Treasury yields to levels last seen in November.
The US and Germany will send armored vehicles to Ukraine, President Joe Biden and Chancellor Olaf Scholz said in a joint statement, providing a significant upgrade in firepower urgently sought by Ukrainian President Volodymyr Zelenskiy. Germany also will follow the US in providing a Patriot missile defense system to Ukraine.
The NFL hasn’t made a final decision about the status of the game between the Buffalo Bills and Cincinnati Bengals that was suspended on Monday, a league spokesperson told Bloomberg News.
Federal Reserve Bank of St. Louis President James Bullard said interest rates are getting closer to a high enough level to bring down inflation, suggesting he’s comfortable with policymakers’ projections of how much further they will hike this year.
Raytheon Technologies Corp. is considering a sale of a unit that makes products including flight controls, which could fetch about $1 billion, according to people familiar with the matter.
Russian President Vladimir Putin ordered his forces to cease fighting in Ukraine for 36 hours starting Friday at noon, Moscow time, but Kyiv quickly dismissed the move as a ploy, unlikely to slow a conflict that’s heading for its second year.
Database posted on hacking forum is alleged to contain email addresses and handles for more than 230 million Twitter users.
Oil rallied after US crude stockpiles rose less than anticipated, countering the dour outlook reflected by Saudi Arabia’s decision to cut its prices.