US Electric Vehicle Demand Seen Plunging 27% Without Tax Credit

Economists project 317,000 fewer EV registrations per year Morgan Stanley says EV adoption in US would slow but not stop Eliminating the US electric vehicle tax credit would dent future EV demand — perhaps by more than a fourth — while providing a trivial boost to...

Trump Promises Could Have Seismic Impact on Washington Economy

The president-elect’s pledges to slash the workforce could crater the local economy. But administrations have made these promises before. Whether President-elect Donald Trump orders hundreds of thousands of federal workers back to their Washington, DC, offices or...

S&P Sees Some Signs of a US Credit Bubble as Spreads Tighten

Tight spreads could be hiding borrowing costs, debt loads Corporate earnings, economic growth offer signs of strength Tight spreads may be obscuring corporations’ high borrowing costs and strained debt sustainability, marking signs of a possible bubble in US credit,...

Goldman Readies Plans to Spin-Out Its Digital Assets Platform

The bank is looking to create separate industry-owned company Tech allows firms to issue and settle assets on the blockchain Goldman Sachs Group Inc is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large...

Bain Capital Raises $5.7 Billion for Global Special Situations

That’s on top of cash firm previously raised for Asia, Europe Unit focuses on capital solutions, hard assets and distress Bain Capital raised $5.7 billion for global special situations that will be deployed alongside the $3.3 billion it previously raised for funds and...