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Global stock-picking hedge funds lost 2.9% through Oct. 15 after daily declines, Goldman Sachs said, while Asia-focused stock pickers shed 6.8% amid an AI selloff. Key Points: Global stock-picking funds lost 2.9% in the week through Oct. 15 but remained up 14.3% this year. Asia-focused managers lost

A quarter of U.S. financial firms now tie raises, bonuses or promotions to employees' AI skills, according to a survey of 500 finance HR professionals by Selby Jennings. Key Points: A quarter of surveyed financial firms link raises, bonuses or promotions to AI proficiency. Some 30% now require staff

Wall Street expects S&P 500 earnings to grow 29.6% in the third quarter, but investors say guidance from AI-focused tech firms may decide whether the stock rally lasts. Key Points: Analysts expect S&P 500 earnings to rise 29.6% in the third quarter, the third straight quarter above 25% if it holds.

Greece would tax cryptocurrency capital gains at 10%, not the 15% officials floated in June, and exempt the first 500 euros a year under a draft bill. Key Points: Greece's draft bill taxes crypto capital gains at 10% and exempts the first 500 euros a year. Crypto-to-crypto swaps would go untaxed, wh

The U.S. added only 29,000 jobs in September, far below forecasts, while unemployment rose to 4.2% and annual wage growth slowed to 3%. Key Points: September payrolls rose 29,000, compared with expectations for about 90,000 jobs, while unemployment increased to 4.2%. July and August payroll estimate