The Modigliani-Miller theorem states that a company’s capital structure doesn’t affect its value in perfect markets. While ...

In an age driven by automation, data and algorithm-based decisions, innovation remains the ultimate differentiator. However, ...

Berkshire, meanwhile, was sitting pretty on a 10% gain—and a pile of cash to make Scrooge McDuck blanch. Converted into $100 bills, its $334bn in liquid assets would fill 1,900 king-size mattresses.

An emerging theory for the Treasury tumult of the past few days: The unwind of what is known on Wall Street as the SLR trade, ...