Wealth

The consultancy group foresees retail funds, including exchange-traded funds (ETFs), to almost double by 2025 and growing investments in alternative areas, such as real estate and land, private equity and private debt. Asset managers will also be overseeing greater global retirement and pension funds, PwC said. Despite the optimistic future for wealth managers, PWC suggested
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There are fewer listed companies in the United States today than there were in 1976, despite the fact that the country’s gross domestic product is three times larger now than it was then. Take that in for a moment. With the Dow Jones, S&P 500 and Nasdaq indexes each kicking off the fourth quarter at
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Experts who talk of artificially intelligent (AI) robots reaching divine status should “absolutely not be allowed” to create a machine smarter than humans, Elon Musk warned on Twitter. The Tesla and SpaceX CEO was addressing an article from tech news site VentureBeat about the possibility of an AI “god” emerging by 2042. TWEET One of
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Ask about your options for paying the down payment and closing costs, said Allan, who blogs about personal finance at FrugalBeautiful.com and now, after her experience, at Realestatewirefraud.com. You may be able to bring a paper certified check or cashier’s check to the closing or an agent’s office ahead of time, avoiding the possibility the
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The University of Pennsylvania has produced more billionaires than any other university, according to Forbes. In a ranking of the schools that produce the most billionaires, Forbes said UPenn beat out Harvard and Yale to take the top spot. Thanks in large part to its Wharton School of Business, UPenn has 18 graduates who are
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China’s new digital barons are rising. One of its most ambitious global deal makers is falling. And a property mogul who likes to borrow heavily is on top. Xu Jiayin — an entrepreneur behind China Evergrande Group, one of the country’s most aggressive property developers — has become the country’s richest person, according to a
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