Federal Reserve officials penciled in just one interest-rate cut for this year, indicating most are in no hurry to lower rates, even after a widely watched report showed inflation improved last month.

In 2008, the U.S. accounted for about a quarter of all outstanding debt issued by the governments of rich countries. Now it accounts for about half.

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.