House Oversight Committee Chairman James Comer is set to create a subcommittee to work with President-elect Donald Trump’s government efficiency bid led by Elon Musk and Vivek Ramaswamy, a person familiar with the plans said. The subcommittee focused on the promised...

Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, driven by the influx of high-net worth individuals over the past few years. “Family businesses contribute significantly to Dubai’s economy,” said Arif Amiri, the chief...

Ex-media mogul testifies in security law trial for first time Trump, Starmer have talked about his case in recent weeks Hong Kong’s former media tycoon Jimmy Lai rebuffed allegations he colluded with foreign governments against China in his first testimony at a...

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...

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...

Under our three savings bucket scheme, “Slashing the Fat” would account for just $300 billion or 15% of DOGE’s $2 trillion per year savings target. Needless to say, however, even that small portion would be far easier said than done. That’s because unlike the case of...

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,...

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...

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...

Investors this year have grown increasingly confident the US economy will achieve a "soft landing." But the election of Donald Trump as the nation's next president has complicated the outlook. And some economists now think it's likely the US could face another...

Consumer prices rose in line with expectations in October, signaling further moderation of inflation. But economists expect that trend could reverse quickly if Donald Trump follows through with his promises to impose 10%-20% tariffs on all imports and a 60% tariff on...

A hi-tech factory has created a new way to attack Ukraine: a small number of highly destructive thermobaric drones surrounded by swarms of decoys. The plan, which Russia dubbed Operation False Target, is intended to force Ukraine to expend scarce resources to save...

Home prices are at all-time highs, and — amazingly — are still rising. Compare today’s average price to that of 2007, which is generally thought to be the peak of America’s biggest-ever housing bubble:And mortgage rates, which were supposed to fall when the Fed...

A key gauge of earning-per-share changes is now negative S&P 500’s valuation multiple is highest since April 2021 Wall Street analysts are quickly scaling back their forecasts for Corporate America’s earnings growth over the next year, which could pump the brakes...