Investcorp’s Jeremy Ghose is a popular man. Ever since the $50 billion firm snapped up alternative-credit manager Marble Point late last year, he’s been juggling calls from bankers and firms pitching similar deals. “People know we’re in acquisition mode and they know we have the ability to write checks,” says...
Bridgewater Associates LP founder Ray Dalio said he doesn’t want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation. “I don’t want to own debt, you know, bonds and those kinds of things,” the billionaire said Thursday at the 10th Milken...
Apple made history as the world’s first $3 trillion company but how have the big cap firms changed over the past 40+ years? A new report from City Index looks back at the top 10 firms by market cap in 2000 and 1980 to highlight how the stock market has...
Al Gore, the former U.S. vice president turned climate crusader, says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis. Bankers “are profiting hugely” from their role...
The new leader of state securities regulators said states have an important role to play in protecting investors from the potential dangers of digital assets. Cryptocurrency, non-fungible tokens and other assets created by blockchain technology have been praised as innovations making financial markets more dynamic but also have been the...
It would be hard to overstate how consequential a pair of bills in California will be in shaping the future of greenhouse gas emissions reporting in the U.S. On Tuesday, the state legislature passed a bill, SB-253, that will require businesses with more than $1 billion in annual revenues to...
Cetera Holdings this week said it was spending $1.2 billion to acquire the nearly 3,100 tax focused financial advisors at Avantax Inc., a clear indication that the valuations for broker-dealers and registered investment advisors are still climbing and no one knows how high they will go. To put that...
The Social Security cost of living adjustment (COLA) for 2024 will likely be 3.2% based on a jump in consumer price data through August, according to the Senior Citizens League. The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30. The Social Security Administration is slated...
The U.S. lags 19 other countries on retirement security — putting it just behind Belgium and ahead of South Korea — despite recent initiatives designed to help expand plan access and encourage workers to save more. The country’s relatively low ranking among other wealthy nations is down two positions from...
Americans with at least $1 million in investable assets are generally pretty good at managing their long-term financial future according to a new survey. But not all of those polled by Northwestern Mutual have the peace of mind that a robust financial plan provides and are concerned that, unless they...