Wall Street bank keen to retain its foothold in one of the fast-growing segments of the asset management industry Goldman Sachs has amassed more than $20bn to invest in private credit, giving it firepower to push ahead in one of the fastest-growing corners of the asset management industry. The group on Wednesday said its asset …
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Global Overview Fed Warns Investors The rise in asset prices in the stock market poses an increasing threat to the financial system, the Fed has stated in its report. High asset prices reflect soft monetary policy, but some assets are valued higher than historical rates even when using metrics that factor in Treasury bond yields. …
Global Overview Strong Spending Rebound Major stock indices are trading in the red, as there is regular profit- withdrawing at the end of the month. Investors are taking a break after the publication of strong reports for the first quarter of 2021 and positive macroeconomic statistics. The published data on personal spending of Americans in …
Global Overview Strong Earnings Season America is undergoing a season of strong reporting. Major US stock indexes are showing positive momentum, recovering slightly from their worst drop in weeks in response to reports of impending tax hikes for the wealthy. Quotes are also growing thanks to positive macroeconomic statistics published on Friday. In response to …
Global Overview China On Track To Recovery China’s rapid economic recovery is set by an increase of 34.5% in industrial production and 24.5% in retail sales, while services and household consumption are lagging behind. The country’s National Bureau of Statistics has registered a Q1 output rise of 10.3% which is higher than the same period …
Global Overview U.S. Economy is Healing The goods and service sectors are growing at rates simply not seen in a long time. March readings for the U.S. service and manufacturing growth came in at 63.7 and 64.7, respectively. A reading above 50 indicates growth. The combined services and manufacturing score of 128.4 is the best …
Global Overview EV Companies to Benefit from Infrastructure Plan President Joe Biden is set to unveil his $2 trillion infrastructure plan in the steel town of Pittsburgh today. The biggest beneficiaries should be electric-vehicle makers and clean-energy providers. Biden’s plan includes additional incentives to buy electric vehicles in the form of tax credits and rebates. …
Global Overview Sino-American Tensions Tensions between the U.S. and China are on the rise — and the sometimes impenetrable geopolitical issues are getting real for investors. The S&P 500 has dropped about 0.6%. The Shanghai Composite is down about 1.1%, and it’s hard to pin the move on geopolitical fears. The tensions are having an …
Global Overview How to Spend a Stimulus Check? With the third round of stimulus checks but certain to start coming this past month, Americans will begin thinking about how they will use the cash. The next round of stimulation more directly aims at lower earners, who are more likely to spend their checks than others. …
Global Overview The Great Divide Pandemic containment and relief are Biden’s leading priority. This bill is really a “test of the ability to combine Democrats in the Senate… and risks lasting harm to his sway if he fails“. Much like their House colleagues, Senate Republicans will likely unanimously oppose the bill. Together with the chamber …
