Fed’s Favored Inflation Gauge, Consumer Spending Barely Rise

August core PCE price index rose 0.1%, least in three months Spending notched modest advance amid restrained income growth The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling...

Sports Betting Apps Are Even More Toxic Than You Thought

Pro bettors have taken to disguising themselves as gambling addicts so sportsbooks keep the free money flowing. Among the main challenges for a pro bettor is finding places that will take your money. If you show signs of being good, or even just highly methodical,...

Quant Hedge Funds Trapped in Short Squeeze After China Glitch

Short positions caught out after stock index futures rallied Some Direct Market Access products risk liquidation, Li says A number of quantitative hedge funds in China were hit severely on Friday as the nation’s equities staged their biggest rally in years, according...