MGM Resorts International, the largest operator of casinos on the Las Vegas Strip, reported first-quarter results that beat Wall Street estimates, crediting growth in Nevada and a rebound in Macau.
Morgan Stanley has hired Credit Suisse Group AG’s head of health-care investment banking for the Americas Ryan Bondroff, according to people with knowledge of the matter.
Senator Joe Manchin said he would push to repeal parts of the Inflation Reduction Act that he claims could raise the national debt.
As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out.
Musician Ed Sheeran told jurors he finds the claim that he stole from a classic Marvin Gaye song “really insulting” during court testimony that included the British recording artist singing, playing guitar and frequently sparring with a lawyer for the opposing side.
The financial world is increasingly warning of the pain to come for owners of office buildings.
Brazil President Luiz Inacio Lula da Silva renewed his attacks on the nation’s monetary policy on Monday, just days before the central bank is expected to hold its benchmark interest rate steady at a six-year high.
TCW Group President and Chief Executive Officer Katie Koch said cracks are starting to show in the private credit market and that investors should prepare for “major accidents” in the red-hot sector over the next 12 to 18 months.
The US Treasury is facing the need for increasing issuance of longer-term securities this year as the budget deficit worsens, but for now its plans are frozen by the partisan standoff in Washington over raising the debt limit.
The private equity market continues to have high valuations and firms are having trouble exiting investments, according to a top BlackRock Inc. executive.
