UBS Chairman Colm Kelleher warned against growing risks in private credit as the market continues to boom. “There is clearly an asset bubble going on in private credit,” Kelleher said at the FT Global Banking Summit in London on Tuesday....
Workers have received big raises during the last couple of years, but that may fade soon amid economic uncertainty, according to a survey released Monday. Nearly half (49%) of 600 business leaders surveyed this month by ResumeBuilder.com said they won’t...
Home sales numbers released Tuesday offered more sobering news: The number of existing homes sold continued their fall to levels last seen during the fallout of the Great Recession. At the same time, prices remain stubbornly high amid the highest...
Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations. Here’s what you need to know. The IRS...
Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive...
WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company — which at its 2019 peak commanded a...
How much you pay to a real estate agent to buy or sell a home is likely to go down after a victory for consumers in a federal trial in Missouri earlier this week. A jury in a case against...
The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest from Nov. 1 through April 2024, up from the 4.3% annual rate offered since May. Tied to inflation, investors can claim 5.27% for six months...
A cocktail of high mortgage rates and high home prices has driven potential buyers to back out of deals at the highest rate in a year. Monthly pending home sales that fell out of a contract in September notched 16.6%,...
A hot jobs market is continuing to help boost consumer spending. Retail sales rose 0.7% in September from the previous month, more than double Wall Street’s estimates for 0.3% growth, according to new data from the Commerce Department released on...
Imagine a young married couple. One partner invests heavily in his employer’s 401(k), saving for both spouses. The other focuses on paying the bills and contributes nothing to her retirement plan, missing out on the employer’s matching funds. That was...
A group of investors who hold more than $6 billion of bonds issued by ailing Chinese property giant Evergrande said the developer could soon face big trouble that could spill out into the rest of the country’s real estate market. ...
Time’s up for millions of Americans: The final deadline to file your 2022 taxes is approaching quickly. Millions of people file every year for an automatic tax-filing extension beyond the original April deadline. By mid-May, more than 142 million taxpayers...
Fewer older Americans are writing wills, research shows, a finding that could spell trouble for survivors. The share of over-70 households with wills or trusts to distribute their assets after death has been in steady decline since the mid-2000s, according...
The selloff in Treasuries accelerated, driving yields to new multiyear highs, after an unexpected jump in job openings reinforced speculation that the Federal Reserve isn’t done raising interest rates. The rout sent the 10-year note’s yield up as much as...
