World Bank president forecasts "subdued" economic recovery for 2021

And that's if vaccine distribution stays on track, David Malpass says.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images

Thinking about moving investments because of a new president? You might want to wait a bit longer.

Nov 12, 2020
"It's hard to see how electing any president makes a difference to people's long-term portfolios," says Barry Ritholtz.
"Changing your allocation between stocks and bonds, moving to cash — any big change caused by the headlines, that's an emotional reaction, and emotions are never a good guide star for managing your assets," says Barry Ritholtz.
Joe Raedle/Getty Images

BlackRock's new investment strategy: sustainability

Jan 14, 2020
The world's largest money manager now sees climate change as investment risk.
Larry Fink, CEO of BlackRock, said that climate risk is “compelling investors to reassess core assumptions about modern finance.”
Michael Cohen/Getty Images for The New York Times

Arlan Hamilton: Changing venture capitalism, diversifying business

Jan 8, 2020
"I feel like there is a great mission here and I won't stop until I am obsolete and I'm not needed."
Backstage capital founder, Arlan Hamilton.

How Reno, Nevada, turned its economy into a small powerhouse

Mayor Hillary Schieve said playing on the region's strengths and diversifying its economy helped revive the struggling, post-recession city.
A neon sign welcomes people to Reno, Nevada.
Keystone/Getty Images

Why banks are doubling down on wealth management services

Jul 23, 2019
For big banks, loans and stock trading are becoming less reliable sources of income.
A flag flies outside the Bank of America Corporate Center in downtown Charlotte, North Carolina.
Davis Turner/Getty Images

The future of American infrastructure might lie in public-private partnerships

Feb 6, 2019
The promise of investment in "cutting-edge" technology came out of this year's State of the Union.
Then-U.S. Secretary of the Interior Ryan Zinke (L) and U.S. Secretary of Transportation Elaine Chao (C) watch US President Donald Trump speaks wave during his visit to the U.S. Department of Transportation on June 9, 2017 in Washington, D.C. 
BRENDAN SMIALOWSKI/AFP/Getty Images

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Hedge funds are facing challenges in an uncertain market

Jan 11, 2019
For years, when stocks were making gains, hedge funds were criticized for their fees and lackluster performance.
Hedge fund performance on average dropped by less than the S&P 500 in 2018, according to Hedge Fund Research. Above, traders work on the floor at the New York Stock Exchange.
Bryan R. Smith/AFP/Getty Images
People are reflected in the window of the Nasdaq MarketSite in Times Square in New York City.
Spencer Platt/Getty Images

Verizon's bet on Oath falters

Dec 11, 2018
Verizon created Oath out of its investments in “legacy” digital media companies AOL and Yahoo. The goal was to compete with internet giants Facebook and Google. It seems that the world’s biggest wireless network just wasn’t able to make that work. Click the audio player above to hear the full story.