This hot high-yielding asset could cool off as interest rates come down
Investors have been flocking to ETFs holding collateralized loan obligations, but the prospect of Fed rate cuts could dampen the funds’ appeal.
Mpox is ‘not the new Covid’ and the disease can be stopped, WHO director says
Mpox is “not the new Covid” and the risk to the general population is low, according to the WHO’s regional director for Europe.
GMC expects to outsell its electric truck competitors as it launches new Sierra pickup
To do so, it will have to top its sibling Chevrolet Silverado EV as well as competitors from Ford Motor, Rivian Automotive and Tesla.
India flags cricket rights concerns with Disney-Reliance $8.5 billion merger
It is the biggest setback so far to the planned Disney-Reliance merger which aims to create India’s biggest entertainment player which will compete with Sony, Zee Entertainment, Netflix and Amazon with a combined 120 TV channels and two streaming servi…
The final 10 minutes of trading may be all that matter this week
On Monday, about a third of the gains in both the S&P 500 and Nasdaq-100 indexes came during the final 10 minutes or so of trading, JPMorgan noted.
Brits snap up lower mortgage deals as Bank of England rate cut boosts property market
Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four year sparked a boom in homebuyer activity.
Disney agrees to have Florida wrongful death lawsuit decided in court
Disney agreed to have a court decide on a wrongful death lawsuit, brought by a widower in Florida, after earlier arguing the case belonged in arbitration.
‘Britain’s Bill Gates’: Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
Mike Lynch was only recently cleared of fraud charges in a landmark trial. Now, in a shock turn of events, he’s gone missing after the sinking of a superyacht.
European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms
The European Union on Tuesday said a planned tariff on Tesla vehicles being imported from China would be cut to 9% from 20.8%.
How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
The IRA has had a transformative impact on U.S. manufacturing, according to the Rhodium Group.
