The median sales price of a previously owned US home slid in February for the first time since 2012, offering some relief for buyers still faced with high borrowing costs.
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Private equity was the only private markets asset class to have negative returns, with a -9.2% net internal rate of return for the year ended Sept. 30, according to McKinsey & Co.'s Global Private Markets Review 2023 released Tuesday.
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A money manager who caters to wealthy investors has gone out of his way to shield them from the long-standing risks he says have made the banking sector incompatible with the concept of sustainable investing.
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First Republic Bank’s $30 billion cash infusion might not last much longer, analysts say.
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The founder and chief executive of DoubleLine Capital predicts a recession could come within the next four months, saying the dramatic steepening of the U.S. Treasury yield curve typically precedes an economic downturn.
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John and Patrick Collison became two of the world’s richest millennials over the past decade as Stripe Inc.'s valuation surged more than 5,000% — an ascent emblematic of the easy-money era.