A new landmark Merger has occurred. Partners at UK Magic Circle firm Allen & Overy (A&O) and New York’s Shearman & Sterling have voted through a landmark merger deal to create a transatlantic law firm with revenue of around $3.5bn, housing 3,950 lawyers across 48 offices. A partner vote on the planned merger began in … Read more
When the Federal Reserve raises its benchmark federal funds rate, there are a number of ways it could affect you as a consumer and investor. What is the federal funds rate? The federal funds rate is the interest rate at which banks lend funds to each other overnight to maintain legally required reserves. It applies … Read more
Google is facing a legal case that can change the online advertising marketing industry. It’s alleged that Google has monopolistic power in online advertising. The DOJ claims Google uses an anti-competitive strategy that makes it harder for thousands of businesses to grow. This isn’t the U.S. government’s first attempt to take on a giant corporation. … Read more
Artificial intelligence will change the health care system soon. According to a grand view research study global artificial intelligence in health care market was at 15.4 billion last year. The study points out that the market for AI is supposed to grow at rate of 37.5 percent to 188 billion dollars. This industry will have … Read more
Work-related stress is an issue that doesn’t affect just one industry. Some of the most high-paying jobs in the country can’t escape the issue of burnout. Specifically, physicians across the country have faced increased levels of burnout since the beginning of the pandemic. Last year 53 percent of physicians reported burnout according to a Medscape … Read more
It wasn’t so long ago that many investors regarded dividends as roughly the financial equivalent of a record turntable at a gathering of MP3 users — a throwback to an earlier era, irrelevant to the real action. But fast-forward a few years, and things look a little different. Since 2003, when the top federal income … Read more
With the new year approaching, it’s good to know where the landscape of the U.S. healthcare system is in 2023. The influx of hedge funds purchasing hospitals left and right is changing the primary care structure. For example, the employment of physicians has increased by 19% over the last 3 years. Some argue the reasons … Read more
Firm Transactions Private equity firms have taken a large stake in the U.S health care system in recent years with acquisitions of hundreds of hospitals in the country. These buyouts have reached record highs in recent years, in 2017 alone there were 440 transactions valued at 52 billion. The following year that record would be … Read more
Not all recessions are created equal. Previous downturns in the U.S. were prompted by various shocks, with the most recent recession started by health and government-induced shutdowns. Other recessions started in the corporate sector, whereas some started from commodity shocks. The next one could start from geopolitical tensions. Nonetheless, we think the current business and consumer environments are safe … Read more
The Federal Reserve (Fed) meets this week and in all likelihood will raise short-term interest rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns. Inflationary pressures are running higher than the central bankers are comfortable with, but the conflict in Eastern Europe adds to the uncertain path of policy … Read more
We have used most of the superlatives we know to describe corporate America’s stunning performances over the past two earnings seasons. Despite lofty expections, results exceeded estimates by the biggest margins we’ve ever seen (and one of the authors of this report has been doing this for 23 years). We expect solid earnings gains during … Read more
Last week, Congress was able to push back a fast-approaching deadline for raising the debt ceiling to December. Markets applauded the move with a relief rally. Despite decreased uncertainty in the near term, we may be confronted with the same problem again in a couple of months. This week we look more closely at the … Read more
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