Hedge Funds Shift Focus: Sell Planes, Trains, Automobiles; Invest in Energy Stocks, Goldman Sachs Reports
LONDON – Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth […]
Mary Lee
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BHP Group (NYSE: BHP) and Escondida Copper Mine Union Strike New Deal, Ending Strike Risk
Santiago – The union at Chile’s Escondida copper mine, the world’s largest, signed a deal on Sunday with BHP Group […]
UBS Asset Management to Divest Quantitative Investment Strategies Business
UBS Asset Management, part of the UBS Group (NYSE: UBS), will divest its Quantitative Investment Strategies (QIS) business to Manteio […]
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B. Riley (NASDAQ: RILY) Co-Founder Proposes $212 Million Buyout Amid Tumultuous Week for Bank
B. Riley Financial’s (NASDAQ: RILY) co-founder and co-CEO, Bryant Riley, disclosed on Friday that he has proposed to buy the […]
US Corporate Bond Spreads Recover on Promising Economic Data
U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground […]
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TikTok Disputes U.S. Claims on China Connections in Court Appeal
On Thursday, TikTok told a federal appeals court that the U.S. Department of Justice misstated the social media app’s ties […]
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Hurricane Beryl and Weak Auto Production Lead to Drop in US Manufacturing Output for July
WASHINGTON – Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane […]
Carrier Global (NYSE: CARR) to Sell Commercial and Residential Fire Business for $3 Billion
On Thursday, Carrier Global Corp (NYSE: CARR) said it would sell its commercial and residential fire business to an affiliate […]
Chipotle (NYSE: CMG) Investors See Continued Growth, Steady Leadership after CEO Niccol Departs
Chipotle Mexican Grill’s (NYSE: CMG) future may not be as bumpy as some shareholders fear upon the departure of CEO […]
Harris to Focus on Grocery Costs, Child Tax Credit in Economic Agenda, Advisers Say
WASHINGTON – Democratic presidential candidate Kamala Harris’s economic agenda will focus on lowering the cost of groceries, housing, and healthcare, […]
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Mars’ Biggest Deal Clinched By Secretive, Deep-Pocketed Family
MCLEAN, VIRGINIA – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their […]
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Marex (NASDAQ: MRX) Plans More Acquisitions; Stock Soars After Strong Results
LONDON – British-based commodities broker Marex Group (NASDAQ: MRX) is planning more acquisitions to diversify the company following a U.S. […]
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Nelson Peltz’s Trian Fund Cuts Stake in Unilever (NYSE: UL)
Nelson Peltz’s Trian Fund Management has sold about 3.8 million shares in British consumer goods giant Unilever (NYSE: UL) for […]
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NHTSA Ends Probe Into 1.8 Million Toyota SUVs
On Wednesday, the National Highway Traffic Safety Administration said it closed a preliminary investigation into about 1.8 million Toyota RAV4 […]
Flutter Entertainment in Talks to Acquire Playtech’s Italian Unit
Irish betting giant Flutter Entertainment (NYSE: FLUT) is in talks to buy UK gambling technology firm Playtech’s Italian unit Snaitech, […]
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US Junk Debt Investors Wary of Leveraged Loans Amid Economic Slowdown
Leveraged loan deals are expected to resume after a market stabilization over the past week. However, some investors are cautious […]
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More Investors Plan to Trim Hedge Fund Investments: Preqin
LONDON – A growing proportion of investors say they plan to decrease the size of hedge fund allocations in their […]
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Starbucks (NASDAQ: SBUX) Hires Chipotle’s Niccol as New CEO, Stock Soars
On Tuesday, Starbucks (NASDAQ: SBUX) named Chipotle Mexican Grill (NYSE: CMG) head Brian Niccol as its new CEO, poaching a […]
Starbucks (NASDAQ: SBUX) Hires Chipotle’s Niccol as New CEO, Stock Soars Read More »
Investors Flock to Volatility Funds as Markets Turn Jittery
Global managed volatility funds saw their first net inflows for more than a year last month, as markets reacted to […]
Investors Flock to Volatility Funds as Markets Turn Jittery Read More »
US Small Business Sentiment Reaches Highest Mark Since Early 2022
WASHINGTON – U.S. small-business confidence jumped to the highest level in nearly 2-1/2 years in July, another indication that financial […]
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Citigroup’s Head of Digital Assets for Markets Unit Steps Down, Memo Says
NEW YORK – Citigroup’s (NYSE: C) head of digital assets for its markets unit, Shobhit Maini, is leaving the bank […]
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James Hardie (NYSE: JHX) Reports Rise in Q1 Profit But Warns of Challenging Q2
On Tuesday, James Hardie Industries (NYSE: JHX), a fiber cement maker, posted a 2% rise in first-quarter profit on Tuesday, […]
James Hardie (NYSE: JHX) Reports Rise in Q1 Profit But Warns of Challenging Q2 Read More »
Treasury Yields Edge Lower Ahead of Key Inflation Report
NEW YORK – U.S. Treasury yields slipped on Monday as the market marked time for inflation data later in the […]
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Morning Bid: Markets Pray Inflation Stays Well-Behaved
A look at the day ahead in U.S. and global markets. Off-radar for much of the past week’s market turbulence, […]
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