White House touts plan to provide $1K investment accounts for newborns
White House to host event with CEOs to promote "Trump Accounts" policy giving newborn U.S. citizens $1,000 investment funds for education, housing and business expenses.
Harvard's endowment has first year of negative returns since 2016
Harvard University's endowment posted its first year of negative returns since 2016, reporting a 1.8% loss for fiscal year 2022. It had a value of $50.9 billion in June.
Apple to offer Goldman Sachs savings accounts to Apple Card holders
Apple will start offering high-yield savings accounts to its credit cardholders in partnership with Goldman Sachs, according to a Thursday press release.
Wealthy millennial, Gen Z investors skeptical of traditional stocks, bonds: report
Many high-net-worth millennial and Gen Z investors are skeptical of traditional stocks and bonds, according to a Bank of America report released Tuesday.
Inflation tops financial worries among retirees: Goldman Sachs
In addition to inflation, surveyed retirees' top concerns were about future health care, potential reductions in future Social Security benefits and running out of money.
Peloton co-founder John Foley faced Goldman Sachs margin calls as stock sank: WSJ
Foley pledged about 3.5 million Peloton shares as collateral as of the end of September 2021, or about 20% of his stake at the time, according to the Wall Street Journal.
ESG investing has damaged credibility of asset managers like BlackRock
ESG investing, including green initiatives, has hurt credibility of asset managers like BlackRock. Investors need better information to decide who to trust.
Buffett's successor buys nearly $70M of Berkshire stock
Greg Abel, vice chair of billionaire Warren Buffet's Berkshire Hathaway, purchased 168 class A shares at prices between $405,800 and $408,514.01 per share, worth almost $70 million
Warren Buffett's Berkshire Hathaway boosts stake in Occidental Petroleum
Berkshire Hathaway, which received regulatory approval in August to buy up to 50% of Occidental's Petroleum's common stock, owns a total of about 194.4 million shares.
Bank of England to buy UK bonds to avert financial risk
The Bank of England has moved to halt a slide in British government bonds that posed a “material risk” after plans to slash taxes spooked investors.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
What is ESG? Investing with environmental, social and governance in mind
ESG has become increasingly popular among individual investors and asset managers, but critics point to the ambiguity around the metrics and the potential for fraud.
Biden's new minimum tax could hit Amazon, Berkshire Hathaway the hardest, study shows
The book minimum tax in Democrats' Inflation Reduction Act could hit just 78 companies, with the largest burden borne by online retailer Amazon and Warren Buffett's Berkshire Hathaway.
Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG
Global fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022, according to KPMG's Pulse of Fintech report
Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight
The Federal Reserve will continue to rattle markets this year with its rate hike path, according to Goldman Sachs, which sees the S&P ending the year at 3,600 points.
Jana Partners has nearly 10% stake in Freshpet, sources say
Activist investor has a nearly 10% stake in Freshpet Inc. and plans to push the pet-food company to make changes to boost its stock price and explore a sale.
Unilever's Alan Jope says company 'will not back down' on sustainability agenda
Unilever's CEO reaffirmed the company's sustainability agenda at an event, saying it "will not back down" despite "anti-sustainability" and "anti-woke" backlash.
Fed unlikely to cut interest rates until 2024, Goldman Sachs says
Goldman Sachs economists see the Federal Reserve raising interest rates until 2023 to a range of 4.25% to 4.50% and then holding there for a year as they fight inflation.
Inflation fight: Cathie Wood, Elon Musk push back on Larry Summers
Larry Summers has said the Federal Reserve has to remain "firm and resolute with respect to inflation." The former Treasury Secretary believes the central bank should continue to raise interest rates.
Money doesn't have to be a mystery and other key lessons from Netflix film, 'Get Smart with Money'
A new film from Netflix, "Get Smart with Money," follows four Americans as they struggle with financial issues. FOX Business spoke with producer Kristin Lazure about the money-focused documentary.
Goldman Sachs cuts 2023 outlook for US growth
Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.





















