Investment firm Hamilton Lane closes $5.6 billion fundraising, exceeds target

Hamilton Lane (NASDAQ:HLNE) raised $5.6 billion as part of its Hamilton Lane Secondary Fund VI, exceeding its initial target, the investment management company said late on Tuesday. The fundraising, the biggest in the firm’s history, saw strong support from a diverse group of new and existing investors with the fund exceeding its $5 billion target, […]

Here’s why the minimum wage and some tax breaks don’t budge despite inflation

Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year. They include contribution limits to 401(k) plans, cost-of-living adjustments for Social Security benefits and federal income tax brackets, to name a few. These tweaks help households keep pace with the rising cost of living. For example, without adjustments, more households would generally creep into higher tax […]

Members Exchange resolves tech issue that delayed premarket trading

Exchange operator Members Exchange (MEMX), backed by some of the biggest Wall Street firms, said it has resolved a technical issue that delayed the start of its pre-market trading session for nearly two hours before Tuesday’s open. MEMX Equities delayed the opening to 08:45 a.m. ET, later than the usual 7:00 a.m. ET, as the […]