Major institutions are flipping between near-identical equity funds to avoid receiving dividends — and the 30% tax that comes with them.

A bespoke fund is becoming a must-have tool for wealthy investors looking to defer — and sometimes even avoid — capital gains tax.

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.

A San Diego businesswoman who was granted clemency by Donald Trump in 2021 and later convicted on new fraud charges received a pardon from the president on Thursday, according to a White House official who spoke on the condition of anonymity.

Law enforcement officials working on the Jeffrey Epstein investigation in 2019 referred to Leslie Wexner, the billionaire retail tycoon, as among 10 “co-conspirators” in the case, emails disclosed by the Department of Justice on Monday show.