Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies last month, in part from an investment in hotel company Extended Stay America Inc., two people familiar with the matter said.
Commodity Futures Trading Commission chief Gary Gensler has persuaded U.S. regulators to insert new language into the Volcker rule clarifying its impact on foreign banks, according to people briefed on the change.
European stocks posted their biggest weekly decline since June as better-than-estimated U.S. economic reports spurred speculation that the Federal Reserve will begin cutting stimulus measures sooner than forecast.
Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in November, in part from an investment in Extended Stay America Inc., according to two people familiar with the matter.
Gold analysts are bearish for a third week, the longest stretch since February 2010, as prices approach $1,200 an ounce and a stronger U.S. economy improves the chance that the Federal Reserve will reduce fiscal stimulus.
U.S. stocks rose, halting a five-day slide for the Standard & Poor’s 500 Index, as investors weighed better-than-forecast jobs growth to gauge the strength of the economy and timing of Federal Reserve stimulus cuts.