Jerome Powell makes first remarks since slashing interest rates
Yahoo Finance's Brian Cheung was in Jackson Hole, Wyoming, where Fed Reserve chair Jerome Powell made his first remarks on the economy since cutting interest rates in July.
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Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death. Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing.
Reuters