With a net worth of $20 billion and degrees from MIT and UC Berkeley, mathematician and Renaissance Technologies founder Jim Simons is often dubbed the “world’s smartest billionaire.” The quantitative investor got his start trading commodities while working on his PhD at Berkeley and after two decades working in mathematics, launched his hedge fund in […]

One after another, the market keeps on breaking records. So far in 2019, the S&P 500 has rallied 24%, the Nasdaq has been lifted 29% and the Dow Jones has jumped 20% higher. Gains from Nasdaq heavy weights Tesla, Facebook and Broadcom sent the index soaring yesterday while the Dow was weighed down from its […]

Richard H. Clarida discussed what he calls “an evolution in Fed communication.”