This chart shows the No. 1 reason why the cost of raising kids jumped 60% in eight years

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Canada’s version is distinctive, and for now more conservative. Domestic managers oversee an estimated $20–$30 billion, a sliver of the U.S. market’s $1.5 trillion-plus, concentrated among institutional players and tilted toward multi-tenant real estate rather than the leveraged software borrowers that dominate U.S. direct lending. That caution shows up where it counts: in the documentation….

The applicant argued the respondent never invested the money at all and instead spent it on personal expenses. The respondent denied that, saying he had invested the funds but that they lost all their value.  The tribunal member did not have to decide who was right about personal spending. What mattered was evidence. The respondent, who represented himself, filed…

Import businesses have felt the impact as rerouted cargo vessels clog unprepared African ports, tying up inventory. Asset-light corporations are becoming asset-heavier organizations as the on-again, off-again closure of the Strait of Hormuz continues to disrupt global supply chains. During the 30 days preceding Aug. 17, an average of 16.9 ships passed through the Strait…

Key Points The automotive industry is evolving into a higher-margin business as software becomes a bigger part of the vehicle. Ferrari has a long list of competitive advantages, and it’s a buying opportunity after the Luce failed to impress with its design. Stellantis has a big turnaround plan, and after shedding 70% of its value…