Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Tag: wealth management
Credit Suisse flags $1.6 billion 4Q loss as wealth management comes under strain
Credit Suisse Group AG said Wednesday it expects to make a loss before taxes of around CHF1.5 billion ($1.58 billion)in the fourth quarter, as net-asset outflows cause its wealth-management business Read more
Latinos are crucial to the economy — but banks don’t always meet their needs
When it comes to banking, Mireya Olvera knows that Latino consumers want to feel understood — or, at the very least, like the person on the other end of the interaction Read more
‘Material risk’ looms over stocks as investors face bear market’s ‘second act’
Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Read more
Dow books 630-point drop after strong jobs data rattles investors, but stocks cement weekly gains
U.S. stocks finished sharply lower Friday, but still booked their best weekly gains in a month, after September jobs data showed an unexpected fall in the unemployment rate that’s anticipated Read more
Amazon and Berkshire Hathaway could be among top payers of new corporate minimum tax
WASHINGTON—A handful of large companies, such as Berkshire Hathaway Inc. BRK.B, -0.78% and Amazon.com Inc. AMZN, +1.81%, could bear most of the burden from a 15% corporate minimum tax President Biden signed into law last month. Read more
Companies should ‘leave politics to politicians’: Ramaswamy slams ESG investing
Vivek Ramaswamy, an author and the founder of Strive Asset Management, has become one of the most prominent critics of ESG investing. He regularly punches above his weight, taking on Read more
Josh Brown: ‘If people don’t get fired, then it’s not a recession’
““You can’t have a recession if people still have their jobs, and have no problem getting your next job. So I don’t care what the NBER says … If people Read more
The number of millionaires will nearly double around the world by 2026 and the U.S. economy loses billions of dollars a year due to the sharp decline in refugee admissions
Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the Read more
‘Some twisted logic about valuation multiples’: Stock-market investors appear complacent as rates rise, warns Morgan Stanley
The stock market has been complacent in the face of rising real yields and expectations for a higher terminal value for the federal-funds rate, moves seen in the bond market Read more
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