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.

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.

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.

First Republic Bank’s $30 billion cash infusion might not last much longer, analysts say.

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.

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.