Taxes have long been a key element of the business of private equity. But while past tax regime changes have been big moments for the industry, that might not be the case for the Biden administration’s proposals. One revenue stream for private-equity firms is what is known as carried interest, or the slice of the […]
When stock markets fall, convertible bonds—a debt/equity hybrid—are designed to hold their own. Photo: Jeenah Moon/Getty Images By Derek Horstmeyer May 7, 2021 4:38 pm ET Should individual investors consider convertible debt? Based on my analysis, the answer appears to be “yes,” at least on a risk-adjusted basis. Convertible bonds—a debt/equity hybrid that does well […]
U.S. government bond yields swung sharply Friday after a disappointing jobs report caught traders off guard but didn’t fundamentally change Wall Street’s mostly optimistic outlook on the economic recovery. The yield on the benchmark 10-year U.S. Treasury note fell as low as 1.487%, according to Tradeweb, compared with roughly 1.570% just before the report was […]
Yale University’s longtime endowment head David Swensen died this week. Photo: Steven Molina Contreras for The Wall Street Journal Yale University said Friday that Alexander Banker, director of investments at Yale’s endowment, would run the endowment until a successor is named for longtime endowment chief David Swensen. Mr. Swensen, who changed the way endowments and […]
When everybody except you seems to be getting rich quick, what you need most is prudent guidance from a financial adviser. Nothing can be more effective at keeping you from getting carried away and taking risks you’ll regret later. A good adviser helps manage your portfolio—but, above all, helps manage your emotions. However, advisers themselves […]
Cutting carbon emissions is about reducing energy leakage from buildings as much as photogenic new technologies like wind turbines and electric cars. Property owners are understandably nervous about who foots the bill. The U.S., the European Union and the U.K. all have plans to at least halve their carbon output by the end of the […]
Jack Dorsey’s Square Inc. became a tech darling on the back of its signature white credit-card readers aimed at small businesses. Nowadays, its consumer-focused Cash App digital wallet is stealing the limelight. Gross profit at Square’s Cash App more than doubled in the first three months of 2021, reaching $495 million. The first quarter marked […]
After bitcoin and dogecoin’s blistering rally this year, individual investors are venturing further out into the cryptocurrency universe in search of the next big thing. A more than 12,000% rally this year in dogecoin, a cryptocurrency that was set up as a joke and serves no purpose, sent its price to a record 69 cents […]
MetLife Inc. and Allstate Corp. posted strong gains in adjusted earnings as the insurers weathered another quarter of the Covid-19 pandemic. Allstate’s car-insurance business had a strong quarter as rush-hour fender-benders were below normal, with many Americans still working from home rather than commuting. MetLife had sharply higher death benefits on life-insurance policies while payouts […]
Technology and other growth stocks stumbled Tuesday, coming under pressure after a run that has pushed major indexes to repeated records. The Nasdaq Composite Index dropped 261.61 points, or 1.9%, to 13633.50, stung by declines in shares of semiconductor companies, along with big tech stocks including Apple , Facebook and Alphabet . The S&P 500 […]