Private credit’s boom could trigger the next financial crisis
Private credit has swiftly emerged as one of the hottest corners of global finance, and its rapid rise is prompting alarm bells. Once a niche player catering to middle-market borrowers…
Gov. Maura Healey ready to cut local spending in Massachusetts
Gov. Maura Healey said her budget office is ready to slash millions in legislative earmarks for local projects and will seek the extraordinary power to cut spending across all state…
Historic city assets at risk as Edmonds battles mounting financial challenges
EDMONDS, Wash. — The sun is shining, the kids are playing in the water park, and downtown Edmonds appears to be thriving. But on this Main Street, Mayor Mike Rosen…
Financial advisors say don’t chase the market highs. What to do instead
With the stock market near record highs, investors may be itching to go all in — but the last thing they should be is reactionary, according to financial advisors. Stocks…
Ric Edelman wants 10%-40% of portfolio in crypto
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation. In his “The…
Financial stability implications of artificial intelligence
The growing use of artificial intelligence (AI) by financial institutions is attracting closer regulatory scrutiny, including from a financial stability perspective. This expansion is driven by supply side factors, such…