Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City.Source: NYSEU.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation.Futures tied to the Dow Jones Industrial Average slipped just 16 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures inched down 0.05% and 0.09%, respectively.The major averages fell during Tuesday’s main trading session as the market took a breather from its postelection rally. The 30-stock Dow fell around 382 points, or 0.9%. The S&P 500 declined…
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By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone to help build its new private credit strategy and expand its collateralized loan obligations (CLO) platform, two people familiar with the matter said. Brigade, an established credit investment specialist that made headlines earlier this year with a joint bid for department store Macy’s, is building expertise in the hot private credit market where some $2 trillion in loans are being made to corporations by non-banks. The Multi-Asset Investing unit of Blackstone will allocate $150 million to the new Brigade strategy. Brigade…
Financial services company SoFi is overhauling its robo-advisor offering by adding new investment options and its first-ever fee. The company’s revamped robo-advisor charges clients an annual 0.25% fee based on assets. It’s the first time the San Francisco-based company has charged clients for using its robo-advisor. The annual fee, which… Source link
President-elect Donald Trump was a frequent visitor to Michigan during the 2024 campaign.AP Photo/Alex Brandon Trump’s election win has sent the US stock market to fresh highs. Morgan Stanley says three risks could upend the ongoing Trump trade. The firm says investors should be closely monitoring bond yields and the US dollar. Equity investors have embraced Donald Trump’s return to the White House, but the post-election rally isn’t entirely risk-free. So far, US indexes have hit new highs as investors look ahead to what Trump’s promised policies mean for earnings growth. But while market momentum remains firmly upward, Morgan Stanley…
By Oliver Hirt, John O’Donnell, Stefania Spezzati and Dave Graham ZURICH/FRANKFURT/LONDON (Reuters) – The United States is pursuing an inquiry into Russian clients that UBS took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world’s biggest wealth managers. The U.S. sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry, two people familiar with the matter told Reuters. A U.S. official, asking not to be named, said the Swiss bank and the enforcer have held discussions. OFAC, or the Office of Foreign Assets Control, the…
The Subaru Outback may not initially appear to be a large SUV, but by sales numbers, it certainly competes as one. As buyers increasingly favor tall, boxy family vehicles, Subaru continues to carve out its niche with rugged wagons that carry a legacy of reliable performance. By the end of July, Subaru had sold 6,643 Outbacks locally, making it the third-best-selling large SUV. It’s worth noting that Subaru didn’t make sweeping changes to the Outback for 2024, aside from some price adjustments. For this test, we examined the Outback Touring AWD XT, which stands as the flagship of the lineup,…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after three commercial jetliners were struck by gunfire on Monday. The FBI said separately it was investigating the incidents and working with law enforcement partners. The FAA issued a Notice to Air Mission prohibiting U.S. airlines from operating flights in the Haiti’s territory and airspace below 10,000 feet (3,048 meters) for 30 days, citing “safety-of-flight risks associated with ongoing security instability.” American Airlines (NASDAQ:) said on Tuesday that it was the third U.S. airline to have…
The Kia Sorento is a rare option in the midsize SUV category, as it combines three-row seating with a hybrid powertrain for added fuel efficiency. The Sorento Hybrid retains the practicality of the standard Sorento, offering comparable interior space with improved fuel economy due to its electrified setup. Originally launched in 2021, the Sorento lineup received an update in 2024, with the hybrid version carrying over these refinements in 2025. Competitors to the Sorento Hybrid include the Toyota Highlander, Ford Explorer, and Honda Passport. In addition to the hybrid and plug-in hybrid models, Kia also offers a gasoline-only Sorento with…
After a year on the market, the Santa Fe SUV’s futuristic, boxy styling remains a bold statement, even as its initial impact has softened. Opinions may differ on the design, but the Santa Fe’s three-row, seven-passenger capacity, spacious cargo area, and wide tailgate make it a strong choice for families. A turbocharged 277-horsepower 2.5-liter inline-four engine paired with an eight-speed dual-clutch automatic transmission powers the Santa Fe’s considerable bulk while still achieving a 20-mpg city rating from the EPA. The interior emphasizes a modern design and tech features, blending functionality with clever details, while the ride quality is tuned for…
“China is not our friend,” Hayman Capital Management founder and CIO Kyle Bass says while calling Marco Rubio a strong pick for US Secretary of State on “Bloomberg The Close.” (Source: Bloomberg) Source link