Private equity is losing its mystique
There has long been an element of the gentlemen’s club about the private-equity (PE) industry. It is still predominantly male. It has a buccaneering history...
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Digital Dollar Project to launch five U.S. central bank digital currency pilots
The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses...
Services Gains Point to Global Economic Pickup Despite Covid-19 Flare-Ups
Service-sector activity continued to revive in the U.S. and elsewhere during April, including parts of the world such as India and Europe where extensive restrictions...
Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention
It is perhaps the ultimate symbol of late capitalism: a digital currency that started as a joke, now worth more than the Ford motor company,...
The Stock Market Could Drop 10% Over the Next 5 Months. Here’s Why.
The stock market looks poised to drop harshly through the next five months, if history is a guide, according to Stifel strategists. The stock market...
Yellen Says She Isn’t Predicting Higher Interest Rates
Treasury Secretary Janet Yellen said Tuesday she is neither predicting nor recommending that the Federal Reserve raise interest rates as a result of President Biden’s...
How Inflation Could Shape the Next Phase of the Stock Market
Visit IKEA and you might find empty shelves in the kitchen department. One of the retailer’s stores in Maryland didn’t have any bread knives—and more...
Investors should buy, not sell, after Tuesday’s sell-off, Jim Cramer says
After a tough day of trading on Wall Street, CNBC’s Jim Cramer said the market is giving investors an opportunity to find stocks that are...
Apple Stock Was the Biggest Loser in the Dow. The Index Still Rose.
Stocks ended mostly lower Tuesday, and technology names were hit hard. Fears of higher inflation is spooking tech investors. The Dow Jones Industrial Average rose...
Consumer Demand Drove U.S. Imports to Record High in March
Consumers and a fresh round of stimulus money pushed demand for U.S. imported goods to a record high in March, further expanding the trade deficit....