Stubbornly high inflation and interest rates are taking an increasing toll in California. New data show that millennials are feeling the pinch hardest of all.
Near-historic tight spreads in the context of robust corporate earnings, a resilient economy and increased cash allocation to US high yield bonds kept issuance buoyant this week. On “Bloomberg Real Yield”, Sonali Basak speak with Kelly Burton of Barings and Zachary Griffiths of CreditSights discuss corporate credit issuance, potential cracks in credit and investment grade…
Consensys has lauded the U.S. Securities and Exchange Commission’s approval of 19b-4 filings for spot ether exchange-traded funds as “a step in the right direction.” However, the software firm expressed its disapproval of what it calls the securities regulator’s “deliberate regulatory abuse” in its handling of ethereum. The SEC’s Inconsistent Approach to Digital Assets The…
A Missouri state representative’s daughter and son-in-law were among three people killed in an attack in Haiti, where armed gangs have tightened their grip on the country. from Bloomberg Politics https://ift.tt/g30lLhk
UK Housing Secretary Michael Gove, a key figure in the Conservative Party for over a decade, said he is standing down as a member of Parliament and won’t seek re-election on July 4. from Bloomberg Politics https://ift.tt/DZUbVNK
“The View” co-host Sunny Hostin lashed out at a popular Black radio host on Thursday after he refused to endorse President Biden in the upcoming election. “I thought it was irresponsible to say that both candidates are trash, when you’re comparing President Biden, someone who’s done incredible things for this country and someone who is…
In this market, investors can grab some great yields and not have to take any big risks to get them, said BlackRock global fixed income CIO Rick Rieder. https://www.cnbc.com/2024/05/24/where-blackrocks-rick-rieder-sees-opportunity-right-now.html
Treasury yields surged as recent economic data pushed back the timing for Federal Reserve interest-rate cuts until the end of this year. On “Bloomberg Real Yield”, Sonali Basak spoke with Morgan Stanley’s Vishwanath Tirupattur and Invesco’s Noelle Corum about the Fed’s rate path, yield curve and the direction of Treasuries. (Source: Bloomberg) from Bloomberg Markets…
The automaker is cutting prices and launching an unusual incentive program following a meeting with retailers. https://www.wsj.com/articles/stellantis-dealerships-rams-jeeps-demand-sales-087b514c
SSGA’s Anna Paglia touts the strength of the ETF wrapper. from Bloomberg Markets https://ift.tt/bYtIUkd