The indexes are designed to not only help investors access the new asset class but also will mitigate some of the risks associated with "this traditionally speculative market."
As criminal charges for underpayment of workers becomes increasingly common, employers should consider working with outside counsel to analyze their wage-related compliance.
"We want to signal our support for credit-sensitive rates alongside SOFR. There's a lot of work being done on having a rate that looks and feels like LIBOR," according to a BofA representative.
As cyber risk continues to expand, data processing vendors may find themselves in more protracted negotiations over who will absorb the bulk of the liability.
Called the "American Families Plan," Biden's third major legislative proposal combines $1 trillion in spending with $800 billion in tax cuts and credits for middle- and lower-income families.
Restaurants and hotels are looking at their debt service and restructuring their organizations to emerge, ready for business, on the other side of the pandemic.
Shortages, bottlenecks, and a year-long bull market in commodities have input costs near a 13-year high. Compounded by a year's worth of pent-up demand, these trends are driving inflation in consumer goods prices.
Some oil majors will pay down debt, some will focus on returning cash to shareholders. All are expected to neglect capex, perhaps to the detriment of their business's long-term prospects.
