Maybe It Will Be a W-Shaped Recession
Perhaps the 2020 downturn was just Part 1, BCA Research warns.
Risk
Inverted Yield Curve Nears Its First Birthday—and There’s No Recession
Some strategists say pandemic spending and other factors have severed the historic sequence.
Goldman: Look for EMs to Overtake US in Stock Valuation by 2030
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key
Investors are sensing a regime shift in the market, but capturing it will take careful planning.
CalPERS, CalSTRS, Genworth Among Those Affected by MOVEit Data Breach
Third-party vendor PBI Research Services is blamed for not initially revealing the scope of the hack.
Are 2 More Rate Increases Realistic? Probably Not
Several strategists are not sold on the Fed’s two-hike scenario, while the futures market expects just one.
Why Fed Rate Hikes May Be Over
Mission accomplished: Tightening probably won’t continue at the central bank’s meeting next week, says economist Ian Shepherdson.
Why AI Craze Is Eerily Reminiscent of Dot-Com Era
Nobody yet knows how to monetize artificial intelligence, BCA Research warns.
PPG Agrees to Transfer Pensions of 4,000 Retirees
The $309M transaction moves the liabilities to insurers Legal & General and RGA.
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Essential Prevention: Cybersecurity Has Never Been More Important
Allocators, money managers and regulators are realizing cybersecurity processes need continual updating.
U.S. House Passes Debt Ceiling Bill
Senate to consider bill on Thursday with June 5 Treasury Department deadline looming.
Biden-McCarthy Agreement Would Extend Debt Ceiling to January 2025
In exchange for extending the debt ceiling, the Biden administration agreed to budget cuts and changes to the federal energy permitting process.
PRT Sales Set New Q1 Mark at $6.3 Billion
Early data for Q2, including an $8.05 billion transfer by AT&T, keep buy-outs in 2023 far ahead of last year’s pace.
Union Warns Pension Funds to Be Wary of Private Equity-Backed PRT Insurers
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.