The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway.
Franklin Resources Inc. is buying Putnam Investments from its Canadian owners in a consolidation of two asset managers that struggled to find growth.
After 31% surge in US technology-heavy Nasdaq 100 Index this year, market strategists at odds about whether investor positioning is getting crowded.
Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run.