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In a year when the average U.S. law firm was pleasantly surprised by strong revenue growth and remarkable profitability, a recent survey of 2020 financial results shows sluggish revenue growth in the Pennsylvania legal industry, but strong profits that were largely driven by the expense reduction that came with a shift to virtual operations.
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Sitting out an orderly energy transition could mean forgoing economic growth potential of 25% over the next two decades, the world’s largest fund manager, BlackRock, said Thursday. Through the BlackRock Investment Institute (BII), the company updated its Capital Market Assumptions (CMAs), which it uses to build its portfolios. BlackRock BLK, -2.47% overseas an estimated $7 trillion-plus across
Having broken below $1800 earlier in the week, after suffering a ‘death cross’, gold prices are plunging this morning – on heavy volume – as real yields soar. This is the lowest in 8 months… As real yields surge… When will people stop selling gold and silver and realize that rising inflation is not a
The US Treasury held a seven year auction on Thursday, coming in the midst of a sharp sell-off in the Treasury curve. The result was the Treasury’s worst bid to cover ratio since 2009. The US Treasury offered $62bn after receiving bids of $126.78bn, implying a bid to cover ratio of 2.04. One rates analyst
