Target CEO Under Pressure as Boycott, Tariffs Hit Sales

May 21, 2025 | Markets

Pressure is growing on Target Corp.’s chief executive officer after the retailer cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report sent shares falling and raised questions over Brian Cornell’s...

White House Weighs Directive to Bring Private Equity to 401(k)s

May 21, 2025 | Markets, Private Credit, Private Markets

Advisers to President Donald Trump are considering a new directive to pave the way for private equity to become a bigger piece of US retirement savings, according to people familiar with the matter. Top officials have been discussing an executive order or presidential...

Guggenheim’s Millstein Warns of Potential ‘Fiscal Disaster’

May 19, 2025 | Markets

Congressional Republicans risk “fiscal disaster” if a recession hits as they push through sweeping tax cuts, Guggenheim Securities Co-Chair Jim Millstein warned. “What today is 6.4% of GDP as a deficit, a $2.4 trillion deficit, could easily expand to $4 trillion if we...

SNB President Schlegel Sees No Alternative to US Treasuries

May 19, 2025 | Markets

Switzerland’s central bank chief gave a vote of confidence to US government bonds even after the world’s biggest economy was stripped of its last top credit rating by Moody’s. “US Treasuries are very liquid,” Swiss National Bank President Martin Schlegel said Monday...

Gold Gains as Dollar Slides Following Moody’s US Downgrade

May 19, 2025 | Markets

Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. And...