They’re generally reserved for the ultrawealthy and financial institutions.But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.BondBloxx’s Joanna Gallegos thinks it’s a great idea despite the asset class’ reputation for charging high fees and academic research that have shown sluggish returns. Her firm launched the BondBloxx Private Credit CLO ETF (PCMM) about three months ago.”We don’t believe in the velvet rope. We believe in connecting markets,” the firm’s co-founder and chief operating officer told CNBC’s “ETF Edge” this week. “People have not had access to it. It makes sense in a portfolio. People…
Author: usaeverydaylife
What are the Seattle Seahawks doing?You’ve probably been seeking an answer to that question since learning they agreed to send quarterback Geno Smith to the Las Vegas Raiders in exchange for a third-round pick, according to league sources. The trade, which will be finalized next week, will save Seattle $31 million in cap space, giving the team more than $60 million to work with, days away from free agency.Seattle will receive the lesser of Las Vegas’ two 2025 third-round picks. At a time when teams are leaving no stone unturned in their search for competence at quarterback, the Seahawks shipped…
General view of the entrance to the clubhouse at Trump Turnberry golf resort in Turnberry, Scotland.Tom Bergin | ReutersU.S. President Donald Trump’s Turnberry golf resort in Scotland has been daubed with pro-Palestinian graffiti, with a protest group claiming responsibility.Local media on Saturday showed images of red paint scrawled across walls at the course with the slogans “Free Gaza” and “Free Palestine” as well as insults against Trump.”Gaza is not for sale” was also painted on one of the greens and holes dug up on the course.Palestine Action said it caused the damage, posting on social media platform X: “Whilst Trump…
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said in a January note. In addition, more than $84 trillion in assets is expected to be transferred to younger generations, including Gen Z, by 2045, according to Cerulli Associates . At the same time, Gen Z is expected to grow their spending power to an…
It’s becoming increasingly expensive to buy a new car.In fact, a record number of new-car buyers — nearly 1 in 5 — are making payments of $1,000 or more, according to Edmunds. For a household earning the U.S. median income of $80,610, a $1,000 car payment would take up 15% of pre-tax income, before factoring in the cost of insurance, gas or maintenance.It doesn’t help that the average price of a new auto is nearly $50,000. And prices could climb even higher. With the looming possibility of 25% tariffs on cars and components from Mexico and Canada, new car costs…
LeBron James notched a double-double for the Los Angeles Lakers in Thursday’s overtime win over the New York Knicks, but a tense discussion with Stephen A. Smith courtside after the game proved to be the viral moment of the evening. The ESPN commentator addressed the confrontation Friday, saying James approached Smith to discuss his prior comments about James’ son, Bronny.“That was LeBron James coming up to me, unexpectedly I might add, to confront me about making sure that I mind what I say about his son,” Smith said on Friday’s “First Take,” when discussing a clip of the moment. “Can’t…
Itay Svirsky, 40, was a therapist who loved philosophy. Eden Yerushalmi, 24, was training to become a Pilates instructor. Alex Lobanov, 32, a father of three, never met his youngest child.They are among the 41 hostages killed since being taken captive by Hamas and its allies during their Oct. 7 attack on Israel, according to an analysis by The New York Times of forensic reports and military investigations into their deaths, as well as interviews with more than a dozen Israeli soldiers and officials, a senior regional official and seven relatives of hostages.Some were killed by Hamas, some by Israeli…
Landis+Gyr Group AG’s residential and commercial FOCUS electric meter installation. Landis+Gyr Group AGCompany: Landis+Gyr Group AG (LAND-CH)Business: Landis+Gyr Group is a Switzerland-based company primarily engaged in the electrical components and equipment manufacturing business. It specializes in metering solutions for electricity, gas, heat/cold and water for energy measurement solutions for utilities. Landis+Gyr product portfolio consists of advanced metering and intelligent energy management products, such as electricity meters, heating and cooling meters, grid management solutions and personal energy management solutions. In addition, the company offers various software services, managed services, cloud services, smart grid services, systems integration, training, as well as consulting and…
If you find yourself feeling tired, pressed for time or drained before the start of a new week, it’s not by mere happenstance.”It’s because the world is designed to steal your time and energy from social media to the crazy headlines that make you feel helpless, [to] endless work to-do lists,” bestselling author Mel Robbins said on her self-titled podcast last week.Social media fatigue has risen in recent years, studies show, as mindless scrolling leads to mental exhaustion. The country’s stagnant labor market can make work — or unemployment — particularly stressful, and waves of geopolitical news only add to…
Meta’s Facebook’s influence remains strong globally, but younger users are logging in less. Only 32% of U.S. teens use Facebook today, down from 71% in 2014, according to a 2024 Pew Research study. However, Facebook’s resale platform Marketplace is one reason young people are on the platform.”I only use Facebook for Marketplace,” said Mirka Arevalo, a student at Buffalo University. “I go in knowing what I want, not just casually browsing.”Launched in 2016, Facebook Marketplace has grown into one of Meta’s biggest success stories. With 1.1 billion users across 70 countries, it competes with eBay and Craigslist, according to BusinessDasher.”Marketplace…
