(Bloomberg) — Yesterday they dealt in distressed debt, today they’re battling to establish credibility as plain-vanilla lenders.Most Read from BloombergMoney managers once known for providing capital to businesses that couldn’t get bank financing are vying to lend to the world’s top-rated companies.Blackstone Inc. has more than $90 billion of investment-grade private credit assets, up roughly 40% from a year ago. The firm expects that to grow.Apollo Global Management Inc. is also putting more resources into writing bigger checks to finance investment-grade companies. In the past four years, it originated about $100 billion through its “high grade capital solutions” business that…
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Toto Wolff has raised concerns about the inconsistent decisions made by the stewards during the United States Grand Prix, specifically highlighting the penalties issued to George Russell and Lando Norris. He described Russell’s five-second penalty for forcing Valtteri Bottas off the track as a “joke.” This sentiment was echoed by McLaren, who was upset over Norris’s penalty, suggesting a broader issue of bias in the stewards’ decision-making process. During the race, Russell and Yuki Tsunoda both received penalties for similar incidents, while Max Verstappen escaped without sanctions after forcing Norris off the track. This inconsistency led Wolff to question the…
Tesla Quietly Transfers $765 Million In Bitcoin, Putting Musk’s Cryptocurrency Strategy Under Intense Scrutiny Amid Market ConcernsElon Musk’s ventures into cryptocurrency are raising eyebrows once again. Blockchain analytics firm Arkham Intelligence reported that Tesla recently moved about $765 million worth of Bitcoin to unidentified wallets.This massive transfer has sparked a flurry of speculation. What’s Tesla planning next? Will they sell or is there something else at play? Tesla hasn’t commented, leaving experts and crypto-watchers alike in suspense.Don’t Miss:According to BitcoinTreasuries, Tesla holds the fourth-largest stash of Bitcoin among U.S. public companies. Only MicroStrategy and crypto mining giants like MARA Holdings…
Image source: Getty Images As I look around for passive income stocks to buy, there remain plenty of great candidates in the FTSE 100. Here are two I’ve currently got my eye on, especially as both go ex-dividend next month. Passive income powerhouse International distributor Bunzl (LSE: BNZL) is one of the most consistent stocks in the UK market when it comes to cash returns. We’re talking year after year of consecutive rises to the total dividend. Much of this is down to it supplying the sort of things businesses always need. We’re talking food packaging, cleaning chemicals, and safety…
In a challenging market environment, Cross Country Healthcare, Inc. (NASDAQ:) stock has touched a 52-week low, reaching a price level of $11.98. This downturn reflects a significant retreat from previous valuations, marking a stark contrast to the company’s performance over the past year. Investors have witnessed a substantial decline in the stock’s value, with Cross Country experiencing a -46.86% change over the one-year period. This decrease underscores the volatility and pressures faced by the healthcare staffing industry, as well as the broader economic factors influencing investor sentiment. In other recent news, Cross Country Healthcare, Inc. posted robust second quarter results…
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024.Michael M. Santiago | Getty ImagesThe Dow Jones Industrial Average fell Monday, giving back some of the strong gains from last week, as Treasury yields rose and investors awaited new earnings reports.The S&P 500 slipped 0.3%, while the Dow Jones Industrial Average lost 330 points, or about 0.8%. The Nasdaq Composite hovered just above the flatline.Consumer and homebuilder stocks were among the biggest losers as fears about higher-for-longer interest rates crept up, with Target and Builders FirstSource each down more than 4%. Lennar…
Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here’s MoreBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Investors in the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ) are grappling with significant losses as shares of Jensen Huang-led Nvidia Corp. (NASDAQ:NVDA) experience a remarkable stock surge.As per Benzinga Pro, the T-Rex ETF has seen a dramatic 96% decline in investor wealth over the past year. This stark contrast comes as Nvidia’s stock has soared by 221.08% during the…
Image source: Getty Images With interest rates dropping, now could be the time for growth shares across the globe to thrive. Here are two from the London stock market with profits that are tipped to surge. What’s more, they look dirt cheap at current prices. Pan African Resources A charging gold price means investing in the precious metals sector could be a good idea. Mid-tier miner Pan African Resources (LSE:PAF) is one of my favourite sector choices right now. This business operates a string of gold mines in South Africa. And this month it commissioned its Mogale Tailings Retreatment (MTR)…
Texas Instruments (NASDAQ:), General Electric (NYSE:), Verizon lead Tuesday’s earnings lineup Earnings season continues, and we’re here to spotlight the companies set to report their financial results in the next trading day, helping you prepare for the market action. Leading the charge are Texas Instruments, General Electric, Verizon Communications (NYSE:), Philip Morris International (NYSE:), and Danaher (NYSE:), among others. Earnings Before the Open: • General Electric (GE): EPS $1.14, Revenue $9.05B • Pentair (NYSE:): EPS $1.07, Revenue $988.54M • Kimberly Clark (NYSE:): EPS $1.70, Revenue $5.06B • Sherwin-Williams (NYSE:): EPS $3.55, Revenue $6.2B • Invesco Ltd (IVZ): EPS $0.4315, Revenue…
It’s about time in the market. On the road and looking at a light mailbag, Motley Fool co-founder David Gardner writes his own beautiful question this time, using it as an opportunity to highlight five favorite moments from the Rule Breaker Investing podcast in 2024. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our beginner’s guide to investing in stocks. A full transcript follows the video. This video was recorded on Sept. 25, 2024. David Gardner: True understanding comes from reflecting on your experience. That is…