It’s better to give than to receive, the saying goes. But to give, receive an immediate tax deduction and then dole out charitable dollars at your leisure is even better, judging by a recent report.
The chances that the U.S. economy skids into a recession are “not significant” in the near term as American households extend the expansion and trade tensions appear to be easing, the chief executive of Goldman Sachs Group Inc said in an interview.
Federal Reserve policy makers are satisfied with the stance of monetary policy even if President Donald Trump isn’t.
U.S. hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, validating the Federal Reserve’s signal of a pause from interest-rate cuts and indicating consumers will extend the record-long expansion despite weak business investment and trade tensions.
A resilient American consumer helped the U.S. economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets.
U.S. consumer confidence unexpectedly fell to a four-month low as economic expectations dimmed, a warning sign that the consumer spending that’s been propping up the expansion may face challenges.
The outflow from U.S. equity funds this year has been the biggest since 2008, relative to the flood of money into cash and bonds, according to Goldman Sachs Group Inc.
For two decades, Wilson Sy produced some of the world’s biggest stock-market gains by betting on lesser-known companies outside his benchmark index.
Joshua Lohmeier’s debt fund at Aviva Investors has outperformed 94% of peers over the past year. With signs that a recession is nearing, he is playing those concerns by investing in bonds better insulated from a downturn, while keeping some riskier debt.
More than half of the world’s banks are already in a weak position before any downturn that may be coming, according to a report from consultancy McKinsey & Co.