Income

Investors are chasing European stocks at the fastest pace in nearly a year, while US equity inflows remain muted amid concerns of a recession, according to Bank of America Corp.

Slowly but surely, investment bankers from New York to London are chipping away at the tens of billions of dollars in leveraged buyout debt that remains famously stuck on their balance sheets.

Donors were again very generous in their support of their favorite charities in 2022 despite inflation and poor performance across the financial markets.

For Americans with a New Year’s resolution to trade in their gas furnace or water heater for climate-friendly heat pumps, a word of caution: Generous Inflation Reduction Act rebates for home electrification took effect on Jan. 1, but they won’t actually be available to homeowners until year’s end or 2024 at the earliest, according the US Department of Energy.

Here’s an article to help clients better understand the tax benefits of charitable contributions.

The Biden administration is under pressure from Capitol Hill lawmakers and student debt advocates to develop contingency plans to cancel billions of dollars in student debt and to move forward quickly if the Supreme Court strikes down the administration’s initial executive action.

Tesla Inc. has secured a new $5 billion revolving credit facility, another sign that the company is nearing investment-grade status.

The US economy grew faster than forecast into the end of 2022, but there were signs of slowing underlying demand as the steepest interest-rate hikes in decades threaten growth this year.

Having oscillated between anticipating another 50-basis-point interest-rate increase by the Federal Reserve next week or a downshift to 25 basis points, traders have settled solidly on the latter, guided both by Fed officials’ comments and by media reports.

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.

Successful investment management can be Impaired by perverse incentives, which are what now plagues value funds.

Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.

If you believe in the Milton Friedman adage that inflation is always and everywhere a monetary phenomenon, then you should also believe that the Federal Reserve can stop increasing interest rates. Now.

Here are the three ways to get 2023 off to a great start so you can deliver even more massive value than ever before.

COVID-19 has been a catalyst for change in many aspects of our lives, not least the migration to flexible working, which would have taken many more years without the pandemic’s brutal intervention.

The Federal Reserve’s quantitative-tightening program risks being propelled toward an early end as US politicians bicker in Washington over raising the national debt limit, according to some economists and bond-market participants.

Stubborn inflation means more interest-rate increases are coming from the Federal Reserve and that sounds like great news for banks.

Ken Griffin’s Citadel churned out a record $16 billion in profit for clients last year, outperforming the rest of the industry and eclipsing one of history’s most successful financial plays.

Two major issues clients should consider in creating their own long-term care plan are where they will live and how they will pay for the care they are likely to need.

Word is out among hedge fund managers on how to get tax breaks for giving to charity - without actually handing over their money just yet. They can even keep it in their funds.

To determine the places where affluent Americans give the most to charity, we compared 384 metro areas.

The death of the cheap-money era is redrawing Corporate America’s earnings map - upending a decade of Wall Street wisdom over which stocks are the bargain buys or the high fliers of tomorrow.

Advisors can illustrate the risks in single-stock positions by educating their clients on the historical evidence that demonstrates diversification is the prudent strategy.

Ray Dalio, founder of the world’s largest hedge fund, has one.

The America First trade that sent money gushing to the US over the past three years is finally starting to lose its shine as market optimism gravitates back to unloved markets outside of the world’s biggest economy.

The recurring farce of lifting the US government debt ceiling began again this week.

Treasury Secretary Janet Yellen has declared that the US has hit its federal debt limit, kicking off an intense political battle that puts the global financial system at risk.

The greatest financial risk for depleting retirement resources is an unexpected and lengthy stay in a long-term healthcare facility.

A correct, affordable and successful industrial policy would create the conditions in which the U.S. and foreign companies will invest in U.S. re-industrialization in their own self-interest.

The best start to a year for bond returns is helping fuel an unprecedented debt-sale bonanza by governments and companies around the world of more than half a trillion dollars.