01 April 2023


Hedge Funds Retrench After Getting Pummeled During Wild March (1)
By Nell Mackenzie, Carolina Mandl and Summer Zhen 03/31/23 AT 2:12 PM EDT March's market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at least one bank that lends to them to scrutinize its clients' exposure, according to sources and preliminary data reviewed by Reuters. The sudden collapse this month of two regional U.S.
Stocks bounced back this quarter, but it's too early to celebrate (2)
By Krystal Hur, CNN 5:36 PM EDT, Fri March 31, 2023 New York(CNN) After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty about what's ahead for the economy. Still, nothing about the first quarter's performance was linear.
Sergey Brin and other billionaires subpoenaed in JPMorgan-Epstein lawsuit: report (2)
Published: March 31, 2023 at 5:19 p.m. ET By Levi Sumagaysay Google co-founder Sergey Brin is among the wealthy men who received a subpoena this week in the lawsuit over JPMorgan Chase & Co.s JPM, +1.21% ties to Jeffrey Epstein, the Wall Street Journal reported Friday, citing unnamed sources.
Fed's Collins Says Latest Inflation Data Doesn't Change Policy Path Yet (1)
By Michael S. Derby 03/31/23 AT 3:24 PM EDT Boston Federal Reserve President Susan Collins speaks during an interview with Reuters in Washington, U.S, March 31, 2023.
Sri Lanka's inflation drops further to 50.3 percent in March (1)
Source: Xinhua| 2023-04-01 00:18:45 COLOMBO, March 31 (Xinhua) - Sri Lanka's inflation decreased to 50.3 percent in March from 50.6 percent in February, official statistics showed on Friday. The year-on-year inflation of the food group dropped to 47.6 percent in March from 54.4 percent in February, and inflation in the non-food group increased to 51.7 percent from 48.8 percent in February. Inflation in the country has been dropping in the last few months.
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