Adviser to $60 Billion of Retail Cash Bets on Private Markets

Jun 3, 2024 | Markets, Private Markets

Mercer Advisors is launching a new platform for clients with at least $5 million in investable assets as it pushes further into a hot corner of the finance world. Mercer Advisors, which manages roughly $60 billion in assets across more than 30,000 families, is pushing...

Key Engines of US Consumer Spending Are Losing Steam All at Once

Jun 2, 2024 | Markets

Americans rely on credit, as disposable income declines Fed is hoping for a slowdown, not a breakdown in US economy The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand...

Michael Dell’s Wealth Falls Most Ever as Sales Disappoint

May 31, 2024 | Markets

His net worth slides $11.7 billion amid high AI expectations Dell shares plunge the most on record after posting results Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors. Dell’s net...

Diesel Demand Hits 26-Year Seasonal Low in US on Slowing Economy

May 31, 2024 | Markets

Downward revision seen as signal that oil demand at risk Crude refining margins are weakening around the globe US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. Product supplied of distillate — the fuel...

Inflation Takes Three Years to Fall to 2% in Cleveland Fed Model

May 31, 2024 | Markets

Inflationary impact of big supply shocks has largely resolved ‘Last half mile’ to Fed’s target relies on persistent forces Inflation may not return to the US central bank’s 2% target until mid-2027, according to research from Federal Reserve Bank of Cleveland. That’s...