Hedge Funds Find AI Is No Help in Quest to Beat the Market
Hedge fund managers looking to build the ultimate money machine, AI that can teach itself to beat the market, have so far fallen short of their expectations. Justina Lee has more in today’s “Big Take” on Bloomberg Television.
Long-Term Investing as Higher Rates Become the "New Normal"
Larry Pitkowsky, co-founder and Managing Partner at GoodHaven Capital Management, reacts to the Federal Reserve's decision to pause interest rate hikes and lays out his firm's approach to current market conditions. This interview aired on "Bloomberg Businessweek" on September 20, 2023.
Financial markets got a temporary relief as US lawmakers reached a deal over the weekend to avoid a government shutdown with the focus turning back to the Federal Reserve and interest rate hikes. Valerie Tytel has more on Bloomberg Television.
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August, the slowest monthly pace since late 2020, while consumer spending and income both saw a gain of 0.4%. Michael McKee breaks down the numbers on Bloomberg Television. (Corrects date in headline to 2020.)