In New York, real estate is increasingly something you inherit — not buy. The share of Manhattan home sales involving a trust — a preferred tool for passing on wealth — surged to 28% last year in a ...

In a Internal Legal Memorandum (ILM) last month, the IRS examined five hypothetical cases of taxpayers trying to deduct money they lost to scammers. The losses could be deductible if incurred in a ...

Goldman Sachs Group Inc.’s stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets.

In a separate note, Citigroup’s head of US equity strategy Scott Chronert reduced his year-end target for the S&P 500 to 5,800 from 6,500, implying an 8% gain from Friday’s close. He slashed his ...

Tuition at law and business schools can easily result in more than six figures of loan debt. Plus, the interest rate on grad school loans can be higher. For the 2024-25 school year, they carried an ...

“One of the very important assets that the Federal Reserve has is its credibility, and that is manifested in anchored longer-term inflation expectations,” Boston Fed President Susan Collins told Yahoo ...

In Turkey, Morgan Stanley revised forecasts this week to indicate a weaker lira by year-end, and recommended against carry trades. The US tariffs turmoil has probably cost Turkey another $10 billion ...

Jim O’Neill is a former chairman of Goldman Sachs Asset Management and a former UK Treasury minister.

“There will be a kerfuffle in the Treasury markets because of all the rules and regulations,” Dimon said Friday on an earnings call. When that happens, the Fed will step in — but not until “they start ...

Troy Davidson, formerly a vice president financial consultant with Charles Schwab who managed $480 million in assets, has joined Ballast Rock Private Wealth with a mandate to focus on accredited ...

Joining Kennedy are Sierra Elrod, also from Global Wealth’s Houston office, and James Sivco, whose last position as a registered advisor was at Forward Management and ended in 2017, according to the ...

The S&P 500 rallied the most since 2008 after tariffs were paused, but resumed declines Thursday in a sign of low conviction in the rebound. Hartnett said he would be short until the Fed cuts interest ...