More Than 3.5m People Lose Millionaire Status as Inflation Soars
More than 3.5m people were stripped of millionaire status last year, soaring inflation and collapse in global currencies hit value of private wealth.
Hedge Fund That Sees Hard US Landing Says Selloff to Deepen
Rally in equities set to grind to halt as investors come to grips with slowing US growth. Seasonal factors likely to compound the selling pressure.
China Shadow Bank Misses Dozens of Payments, Sparking Protests
One of China’s biggest shadow banks skipped payments on several investment products, sparking rare protests in Beijing.
A Resilient US Consumer Could Complicate the Fed's Path Forward
July's retail sales report showed sales increased by nearly double what economists had expected, adding to a long list of data points.
Be Proactive in Establishing an Estate Plan or Trust to Avoid Issues Down the Road
An estate plan is like an umbrella. If you have one, you aren’t going to need it. If you don’t, the skies will open up and a flash flood will occur.