Wall Street

U.S. debt downgrade sinks global markets — but economists are not concerned

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top…

State Street is cutting fees on 10 funds worth more than $70 billion combined

Asset management giant State Street is reducing the fees investors pay for a group of core ETFs, the company announced…

Why substituting cryptocurrency for gold exposure may be a costly mistake

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s…

Stocks making the biggest moves midday: Intel, Roku, Sweetgreen, Ford and more

Check out the companies making headlines in midday trading.  Intel — The chip stock jumped more than 6% after the company…

Private equity giant KKR’s antidote to worker discontent — employee stock ownership programs

(Click here to subscribe to the Delivering Alpha newsletter.) The job market may be strong, but the invisible strings that connect workers…

KKR’s private equity co-head says it’s a great time to do deals, but be sure to exercise caution

Private equity firms should be motivated to hunt for deals despite the challenging interest rate environment as the potential purchase…