By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone (NYSE:) 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 (NYSE:), 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…
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Hayman Capital Management founder and CIO Kyle Bass discusses President-elect Donald Trump being expected to tap Marco Rubio for US Secretary of State and his views on investing in China on “Bloomberg The Close.” (Source: Bloomberg) Source link
By Jaspreet Singh (Reuters) -Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that have more than doubled in value this year rose 7% in extended trading. The Swedish company has laid off employees, pulled back podcasts and cut its marketing spend over the past year to boost profitability. It has also raised prices of its plans in the U.S. to capitalize on demand for its premium products. Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter,…
In the competitive midsize SUV market, the Nissan Pathfinder stands out by hitting the mark for those seeking an ideal mix of space, performance, and utility. For the 2025 model year, the Pathfinder receives a few tech updates and some interior design changes across certain trims. This latest generation signifies a new era for the Pathfinder family, delivering a rugged and adaptable three-row SUV with crossover handling while still tackling moderate off-road terrain. Robust and Dependable Performance The 2025 Nissan Pathfinder comes equipped with a 3.5-liter V6 engine featuring 24 valves and dual overhead cams, generating a steady 284 horsepower…
Compact crossovers like the 2025 Honda CR-V remain highly sought after, offering a combination of comfortable seating, good fuel efficiency, and a convenient size for parking. Honda’s CR-V stands out in this competitive segment due to its practical design and agile handling, securing it a top spot on our list. Available in front- or all-wheel drive, the nonhybrid CR-V is powered by a 190-hp turbocharged engine (the 204-hp hybrid version is reviewed separately). While rivals like the Mazda CX-50 boast more luxury and the Ford Bronco Sport is better suited for off-road adventures, the CR-V shines for its pleasant driving…
Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in NYSE, the lost 0.86%, while the index fell 0.29%, and the index declined 0.08%. The best performers of the session on the were Honeywell International Inc (NASDAQ:), which rose 3.87% or 8.71 points to trade at 233.91 at the close. Meanwhile, Microsoft Corporation (NASDAQ:) added 1.22% or 5.12 points to end at 423.13 and Amazon.com Inc (NASDAQ:) was up 1.02% or 2.11 points to 208.91 in late trade. The worst performers of the session were…
The 2025 Toyota Camry is poised to redefine the midsize sedan segment with its blend of style, performance, and advanced technology. Building on a legacy of reliability and comfort, the 2025 Camry features a sleek, modern exterior with aerodynamic lines and a bold grille. Inside, the cabin offers a luxurious experience with high quality materials and state of the art infotainment options. Safety remains a top priority, with a comprehensive suite of standard and optional features to protect all occupants. 2025 Toyota Camry (Toyota) The 2025 Camry is available with multiple powertrain options, including a fuel efficient hybrid variant, emphasizing…
The 2025 Chevrolet Corvette is set to be a game changer in sports cars. With its blend of cutting edge technology, powerful performance, and stunning design, the new Corvette is poised to capture the hearts of car enthusiasts everywhere. From the powerful twin-turbocharged engine to the advanced aerodynamics, every aspect of the 2025 Corvette has been meticulously crafted to deliver an unparalleled driving experience. 2025 Corvette ZR1 (Corvette) Whether you’re a long time Corvette fan or a newcomer to the brand, the 2025 model promises to be a thrilling ride that combines luxury, performance, and innovation in one sleek package.…
By Nate Raymond (NS:) BOSTON (Reuters) -Massachusetts Air National Guard member Jack Teixeira was sentenced on Tuesday to 15 years in prison for leaking online highly classified military documents, including records related to Russia’s war in Ukraine. Teixeira, 22, was sentenced by U.S. District Judge Indira Talwani in Boston after pleading guilty to perpetrating what U.S. prosecutors call “one of the most significant and consequential violations of the Espionage Act in American history.” Teixeira, who has remained in custody since his arrest in April 2023, pleaded guilty in March to six counts of willful retention and transmission of classified information…
The 2025 Honda Accord Hybrid is set to be a standout in the midsize sedan market, combining advanced technology, impressive fuel efficiency, and a refined driving experience. As Honda continues to innovate, the new Accord Hybrid promises to deliver even more value to drivers who prioritize both performance and sustainability. Honda Accord Hybrid (Honda) With a sleek design, spacious interior, and cutting edge features, the 2025 model is poised to be a top choice for families and commuters alike. Whether you’re a long time Accord fan or new to hybrid vehicles, the 2025 Honda Accord Hybrid is sure to impress…