Americans in the first quarter earned about $3.7 trillion from interest and dividends, up roughly $770 billion from four years earlier.
Americans in the first quarter earned about $3.7 trillion from interest and dividends, up roughly $770 billion from four years earlier.
Goldman Sachs Asset Management’s alternative investment platform raised more than $20 billion for senior direct lending in its latest fund targeting private-equity-backed global businesses.
The yield curve has been inverted for a record stretch—around 400 trading sessions or more by some measures—with no signs of a major slowdown.
Federal Reserve officials concluded at their most recent meeting they would need to hold interest rates at their current level for longer than they previously anticipated after a third straight disappointing inflation reading last month.
Regulators are considering making significant changes to a recent proposal that would require banks to have more capital. In bottom-line terms, regulatory agencies had previously estimated that the core capital requirement for the largest categories of banks would rise by 19%, or roughly $150 billion more capital for the eight U.S. global systemically important banks.
A new business called Collegiate Athletic Solutions plans to invest $50 million to $200 million apiece in a select group of universities. The idea is to build businesses that help monetize a school’s intellectual property and provide them with advice and capital.
The Biden administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehicles set to roughly quadruple.
Earnings per share for companies in the S&P 500 now look to be up 5.2% from a year earlier, better than the 3.4% analysts expected at the end of March, and marking the strongest growth in nearly two years.
Job growth slowed and unemployment ticked higher last month, marking a break from a string of data showing surprising strength in the labor market.
The length of the average workweek fell last month, to 34.3 from 34.4. The underemployment rate, which includes the unemployed and those marginally attached to the workforce, rose to 7.4%.