| | Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. | | | FS Investments, an alternative asset manager that invests roughly $25 billion, said it has hired Troy Gayeski, the former co-chief investment officer at Anthony Scaramucci's SkyBridge Capital, as its chief market strategist. | | | Developed market equities, including U.S. technology stocks other than the so-called FAANG group, are expected to outperform next year, the global head of multi-asset at PineBridge Investments said. | | | The U.S. markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited Securities and Exchange Commission (SEC) report. | | | As Europe's third quarter reporting season kicks into gear, investors are scrutinising company results for any signs that supply chain strains, labour shortages and surging energy prices are starting to undermine profits. | | | Hedge funds that bet on a big comeback for commodities enjoyed soaring returns in the first nine months of 2021 as the world faced an energy crunch. | | | Goldman Sachs Group Inc on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and initial public offerings. | | | Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the mortgage service firms tasked with helping struggling borrowers move onto payment plans they can afford. | | | Big U.S. banks' wealth management businesses put in another stellar performance in the third quarter, buoyed by record levels of new money flowing into accounts and surging demand from clients to borrow against their investment portfolios. | | | French conglomerate Bollore , owned by billionaire Vincent Bollore's family, is considering selling its African logistics divisions, French daily Le Monde reported on Friday. | | | | |
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