How Blackstone Hit the $1 Trillion Mark—and Which PE Firm Might be Next
FTC issued new guidelines that would increase scrutiny of PE rollups, where firms merge portfolio companies and can save on costs.
US IRS Ends Policy of Unannounced Revenue Officer Visits to Taxpayers
IRS said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers.
‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea Culpa
Last year’s plunge in S&P 500 made uber bear Mike Wilson most celebrated stock forecaster on Wall Street. A role he has failed to reprise in 2023.
Flexible Plan: Do Investors Only Have Two Settings?
(Flexible Plan Investments / Jerry Wagner) Whether you are talking to portfolio managers, researchers, financial advisers, or marketing experts in the financial-services industry, the conventional wisdom seems to be that investors are motivated primarily by two emotions: greed and fear.
During the more than 40 years since I founded Flexible Plan Investments, I’ve seen how fear and greed (as well as a third factor—intuition, or “gut” feelings, which we’ll discuss later) can cause investors to make poor financial decisions that jeopardize their long-term financial objectives.
US FDIC Calls on Banks to Fix 'Inaccurate' Financial Statements
FDIC called on some banks to fix their financial statements for "incorrectly" reducing the amount of uninsured deposits.