Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new Covid omicron variant. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” the founder of […]
Month: November 2021
ImageJerome Powell, the chair of the Federal Reserve, in September.Credit…Stefani Reynolds for The New York Times By Jeanna Smialek and Alan Rappeport Jerome H. Powell, the Federal Reserve chair, will tell lawmakers on Tuesday that inflation is likely to last well into next year and that the new Omicron variant […]
iStock / Getty Images For decades, through career and family ups and downs, you have relentlessly saved and invested for retirement. Yet, you dread the thought of running out of money. Many people do. A recent study by Zety of more than 800 individuals showed that 47 percent feared retirement […]
Economists generally expect the world economy to weather any fresh wave of coronavirus infections caused by the Omicron variant relatively easily, even if the latest version of the virus has clouded the economic outlook with uncertainty. A central reason for their relatively optimistic initial assessment is the growing ability of […]
Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts. Contracts on the S&P 500, Dow and Nasdaq rose. Each of the three major indexes had […]
Two major litigation finance companies say Arizona’s loosening of legal industry regulations opens the door for them to co-own law firms. Burford Capital Ltd. and Longford Capital Management LP executives said that with Arizona no longer requiring lawyers to own firms—and other states considering similar steps—law partners will increasingly consider […]