The presumed heir apparent to Bridgewater Associates founder Ray Dalio is discussing giving up his job as co-chief executive of the world’s biggest hedge fund, creating uncertainty about the future leadership of the firm.
Ford Motor Co. will build a new assembly plant in Mexico and sharply increase Mexican factory output, representing the latest shift of investment abroad by a Detroit auto maker following the signing of a costly new labor deal.
Airbus Group will fly the largest version of its new single-aisle plane for the first time as early as this week. The plane maker has dropped plans to use engines made by Pratt & Whitney for the maiden flight of the A321neo aircraft in favor of ones manufactured by CFM International.
The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.