Oil prices drift higher as markets digest fresh U.S.-Iran sanctions

A whopping $124 trillion is set to change hands by 2048 as baby boomers pass their wealth to younger generations, with the vast majority of that going directly to their heirs. It’s been called the largest wealth transfer in history, and while many inheritors and financial advisors focus on the tax, estate planning and investment…

Gen Z is entering the market unusually young, with easier access to investing than previous generations but vastly different amounts of money to put to work.

New York’s condo market is in crisis. The city has its lowest number of new development units in more than a decade. At the end of August, Manhattan had 2,800 units of new inventory, the lowest total in 12 years.   The proof is in the pudding: from April to September, new development contracts were down…

Dallas Republican Convention Raises Questions on Trump-Centric Midterms Strategy By Nandita Bose and Nathan Layne Trump’s Influence and Republican Strategy at the Dallas Convention DALLAS, Sept 11 (Reuters) – President Donald Trump used the Republican Party’s first-ever midterm convention this week to make a risky appeal to voters: treat November’s midterm elections as a referendum…

Despite macroeconomic pressures and a cautious consumer, retail sales this holiday season are expected to grow year-over-year as spending remains strong. According to Bain & Company’s annual forecast, holiday retail sales are expected to top $1 trillion for the first time, marking a 4.5% growth. That growth is largely projected to be from in-store sales…

U.S. advisor ownership of less-than-fully-liquid alternative investment products could grow by $2 trillion in the next five years, according to a new report from Cerulli. The firm estimates current allocations stand at $2.2 trillion, meaning AUM could nearly double in that timeframe. The firm pointed to the growing number of interval funds and other semiliquid…