World’s Biggest Pension Fund Posts Record $92 Billion Gain

The world’s biggest pension fund posted the biggest quarterly gain in its history as Japanese stocks surged and a plunge in the yen boosted overseas investments after Donald Trump’s election victory. The Government Pension Investment Fund returned 8 percent, or 10.5 trillion yen , in the three months ended Dec. 31, increasing assets to 144.8 trillion yen, it said in Tokyo on Friday.

China Shares Fall and Snap 3-Week Winning Streak

China stocks fell on Friday and saw a streak of weekly gains end at three as investors awaited an annual parliament meeting that’s likely to send more signals of painful reform than market-friendly stimulus. The blue-chip CSI300 index fell 0.2 percent, to 3,427.86 points, while the Shanghai Composite Index lost 0.4 percent to 3,218.31 points.

Chicago Cubs Ticket Prices Surge For Historic Home Opener

Baseball fans will have to pay a premium for a firsthand view of the Chicago Cubs’ historic post-World Series homecoming to Wrigley Field this season. Tickets to the Cubs’ home opener against the Los Angeles Dodgers on April 10 – their first home game since winning the 2016 World Series – have an average asking price of $443 on TicketIQ, a secondary market ticket aggregator.

Amidst Cuts, Staff and Listeners Wonder: Will KCSM Keep Jazz Alive?

If you saw the Academy Award-winning La La Land , you watched as the character played by Ryan Gosling battled to start a jazz club at a time when the music is struggling to build audiences. Now, San Mateo’s KCSM Jazz 91 – one of the last 24-hour jazz stations in the United States – is trimming its live programming and cutting much of its part-time staff, citing budgetary reasons.

WPP Cautions on 2017 As CEO Sorrell Lists Myriad Challenges After Full Years Earnings

WPP posted largely in-line earnings but cautioned on a difficult year ahead as CEO Martin Sorrell outlined a series of risks facing the world’s largest advertizing group. WPP Plc posted full year earnings that were largely in-line with analysts forecasts but cautioned on a difficult year ahead as CEO Martin Sorrell outlined a series of risks facing the world’s largest advertizing group.

Nikkei Down on Profit-Taking Before Weekend

Japanese stocks fell on Friday as investors took profits before the weekend, after hitting a 14-month high the previous day on rising expectations for a U.S. interest rate hike this month. Bucking the weakness, index-heavyweight Fast Retailing Co Ltd rose 2.1 percent on strong monthly sales, adding a hefty 29 positive points to the index.

FCC, in potential sign of the future, halts new data security rules

The Federal Communications Commission on Wednesday halted new government rules related to data security from taking effect this week, in a potential prelude to a broader repeal of privacy protections for users of high-speed internet. After a 2-to-1, party-line vote by the Republican-led commission, Ajit Pai, the chairman, announced that a portion of privacy rules passed in October would be temporarily stayed.

Icahn Lobbying Trump Sparks Civil War in U.S. Ethanol Sector

Billionaire Carl Icahn’s relationship with President Donald Trump has helped spark a round of recriminations within the $24 billion American ethanol industry just as it navigates one of the most crucial points in its history. The discord has emerged in the past three days as ethanol companies react to a proposal from Icahn and a lobby group that would shake up how the industry is regulated.