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Millennium Loses $900 Million on Strategy Roiled by Market Chaos

(Bloomberg) -- Millennium Management lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility, according to people familiar with the matter.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will Add HousingHow

Fed should be careful, deliberate with interest rate policy, Daly says

"Economic research will tell you that uncertainty is a source of demand restraint," Daly said in a post on LinkedIn. The remarks come at the end of a tumultuous week on the economic policy front and some fresh signs in economic data that the economy may be weakening. The Labor Department reported a broad measure of unemployment surged to near a 3-1/2-year high last month as the ranks of part-time workers swelled.

Canada Markets Airports to Investors in Push to Attract Capital

(Bloomberg) -- Canada encouraged private investors to help “speed up” the development of its airports in an attempt to show that the tightly controlled sector is open for business amid a push to boost domestic investment.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will Add HousingHow Upzoning i

Colombian Inflation Unexpectedly Accelerates for a Second Month

(Bloomberg) -- Colombian inflation unexpectedly accelerated for a second straight month, making it less likely that the central bank will back the government’s calls for interest rate cuts at its March meeting. Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will Add HousingHow Upzoning in Cambridg