As investors hunt for solid yields, many are turning to collateralized loan obligations. The products, which are pools of floating-rate loans to businesses, have seen an uptick in interest. A record $25.6 billion poured into bank loan and CLO exchange-traded funds last year, according to State Street . While the bulk of the market is focused on AAA-rated CLOs, investors may want to think about expanding exposure to other areas within the investment grade category, according to investment management firm VanEck. Assets with a rating of BBB- or higher by Standard & Poor’s or Baa3 or better by Moody’s, are…
Author: usaeverydaylife
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was higher Monday. That would put the broad market index on track for its first back-to-back positive sessions since Feb. 18 and 19, the latter of which was the last time it closed at an all-time high. The bounce Monday comes despite weakness across the “Magnificent Seven.” Five of the seven constituents were lower, with Tesla leading to the downside. Microsoft and Apple were in…
NFL free agency 2025 will not rank among the most memorable in league history. There were few stunning address changes or jaw-dropping, bank-breaking contracts handed out.Yes, backup quarterbacks found themselves in high demand. And some players managed to secure solid deals. But the more interesting — and seemingly impactful — moves of last week involved trades or contract extensions rather than unrestricted free-agent paydays.Still, some teams helped themselves while others made head-scratching decisions. And while the full picture of the biggest winners and losers of free agency won’t be complete until the quarterback carousel stops spinning, here’s how things look…
A federal judge in Washington plans to press the Trump administration at a hearing on Monday about whether it has violated an order he issued barring officials from removing any detained noncitizens — including several suspected Venezuelan gang members — from the country with little or no due process.The hearing was scheduled by the judge, James E. Boasberg, even as President Trump’s so-called border czar, Tom Homan, made defiant remarks on television, indicating that the administration planned to continue such deportations despite the court’s order — an action that could thrust the country into a constitutional crisis, pitting one of…
Ether may not hit a new record this year after all, according to Standard Chartered. The firm expects ether’s recent weakness to continue this year, and although it sees its price more than doubling this year from current levels, Standard Chartered cut its year-end price target on the coin to $4,000 from $10,000. The second largest cryptocurrency by market cap is down 42% this year and at $1,932, it’s trading at its lowest level since 2023. (For comparison, crypto leader bitcoin is down 10% year to date.) The recent sell-off in risk assets, fueled by skittish investors worried about the…
By Grant Brisbee, Andy McCullough and Stephen J. NesbittEvery week, we ask a selected group of our baseball writers — local and national — to rank the teams from first to worst. Here are the collective results.It’s been 139 days since the New York Yankees fumbled Game 5 of the World Series and the Los Angeles Dodgers were crowned champions. Offseason transactions transformed the look of several contenders. The Dodgers loaded up for a title defense. The Yankees lost a superstar and an ace. The Mets spent big in free agency. The Red Sox ponied up, too. And the Diamondbacks gave…
Émilie Dequenne, who won best actress at age 17 at the Cannes Film Festival for her role in the Belgian film “Rosetta,” died on Sunday at the Gustave Roussy hospital in Villejuif, France. She was 43.Her death was confirmed by Marie-Laure Calmette, an assistant to Ms. Dequenne’s longtime agent, Danielle Gain. Ms. Dequenne had been diagnosed with adrenal cancer.Ms. Dequenne was starring in her first film role when she played the lead in “Rosetta,” a 1999 film directed by the brothers Jean-Pierre and Luc Dardenne. The film, about a working-class teenager fighting to hang onto a job, won the Palme…
Private market giants have struggled to start the year amid market uncertainty, but now appear poised to stabilize after a significant downturn. One of the biggest players, KKR & Co. (KKR) , presents an attractive short-term set-up and looks well-positioned to benefit from a rebound in the broader market. KKR has oversold ‘buy’ signals from the daily stochastics and the DeMARK Indicators, supporting a minimum two-week relief rally. Initial resistance can be found at the 200-day MA (~$132), while secondary resistance can be found at the daily cloud (~$154). KKR fell below its 200-day (40-week) moving average and is now…
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show. Forever 21 has been seeking a buyer for several months and made contact with more than 200 potential bidders, 30 of which signed confidentiality agreements, but no viable…
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesThe Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel’s lawsuit against a U.S. national security panel to give the government more time to wrap up merger talks with the firms, a filing showed on Monday.The filing is the clearest indication that U.S. President Donald Trump may allow the deal, scuttled by his predecessor Joe Biden, to proceed in some form.In January, the two companies filed a lawsuit against…
