Ex-Fed chair Bernanke joins hedge fund Citadel as advisor

Ben Bernanke, the former Federal Reserve chairman and one of the world’s most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Bernanke, who retired from the U.S. central bank in 2014 after eight years at its helm, will advise the $25 billion hedge fund’s teams plus its investors on developments in monetary policy, financial

U.S. housing starts data underperforms; jobless claims rise

U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy’s ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted annual pace of 926,000 units, the Commerce Department said on Thursday. Starts for single-family homes rose, while groundbreaking for the multifamily segment fell