Lowe’s Cos. shares fell about 3% Tuesday, after the home-improvement retailer missed revenue forecasts for the third quarter and lowered its guidance,…
Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says
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Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered…
‘Magnificent Seven’s’ bonds may have been sending a signal to stockholders
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Has the corporate bond market been flashing a signal to the stock market about the so-called Magnificent Seven grouping of technology stocks?…
Who says corporate bonds are dull? Apple’s bonds have seen equity-like returns in the past month
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Investors who were savvy enough to buy Apple Inc. bonds in October are now looking at equity-like returns, as prices have climbed…
Netflix, Disney and other big streaming names are shifting their strategy. What can you expect?
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Streaming customers are likely to see more familiar faces and less megabudget content in the coming year. Shifting consumer tastes and corporate…
Manulife to buy back C$1.2B in stock as part of C$13B reinsurance deal with Global Atlantic
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Manulife Financial Corp. said Monday it agreed to have Global Atlantic reinsure C$13 billion ($9.6 billion) of its reserves across four legacy/low…
Manchester United’s Ratcliffe saga continues as billionaire still ‘in limbo’ over stake, report says
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The saga of Sir Jim Ratcliffe’s Manchester United stake continues amid reports that the British billionaire’s deal for a 25% stake may…
Macy’s bonds rally with stock after investor group reportedly offers to take company private
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Macy’s Inc.’s stock soared 21% Monday on a report that an investor group is seeking to take the department-store chain private at…
All large cryptocurrencies were down during morning trading on Monday, with Cardano ADAUSD, +10.16% seeing the biggest change, declining 9.64% to 54…
GM raises $3 billion with bond deal as investment-grade spreads rally to tightest level of 2023
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General Motors Co., GM, +0.43%, fresh off announcing a $10 billion stock buyback program and increased dividend, issued a two-part, $3 billion…