Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi’s Todd Rosenbluth suggests there’s investor demand for the alternative assets due to ongoing interest rate uncertainty. “[CLOs have] been popular within the marketplace,” the firm’s head of research told CNBC’s “ETF Edge” this week. CLOs are short-term fixed income strategies…
President Joe Biden stands with his son Hunter Biden after the president arrived at the Delaware Air National Guard Base in New Castle, Delaware, June 11, 2024. Anna Rose Layden | Reuters Former President Joe Biden’s prostate cancer has spread further, his son Hunter Biden said in a BBC interview, offering a stark update on…
Inside a 28-story testing tower erected in the middle of the suburban town of Bristol, Connecticut, Otis engineers run elevator parts through dust chambers, humidity cells and saltwater fog machines. “[Elevators] are supposed to work in the extreme conditions of the world. Whether it’s the desert or the Arctic,” said Haran Vela, senior vice president…
This picture shows ships sailing near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan on July 13, 2026. AFP | Getty Images Abu Dhabi’s National Oil Company (ADNOC) said one of its vessels was targeted by a missile while transiting the Strait of Hormuz in the early…
AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S & P 500 both touching record highs. The blue-chip index closed at a…
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. Berkshire Hathaway‘s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results. But the bigger takeaway from the results is that…
This depicts the satellite-filled sky that is now a reality and getting more crowded every week. (Photo by: Alan Dyer/VWPics/Universal Images Group via Getty Images) Vw Pics | Universal Images Group | Getty Images Thousands of satellites are circling the Earth, and when they die, they don’t just disappear. Neither do the rockets that put…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Earlier this week, Clément Delangue, the CEO of startup Hugging Face — which was recently on the receiving end of a rogue cyber attack by OpenAI’s models — made the somewhat controversial claim that China was winning the…
More European airlines could be the crosshairs of private equity buyers following Apollo Global Management‘s swoop for EasyJet — with rival U.K. budget carrier Jet2 emerging as a potential takeover target. Anna Macdonald, investment strategy director at Hargreaves Lansdown, said airlines had been hit hard in the early stages of the Iran war. But recent…
Timon Schneider | Lightrocket | Getty Images Building on the growing popularity of livestreamed shopping, startup market Whatnot said on Friday that it has closed its latest round of funding at a $20 billion valuation, nearly doubling its valuation from less than a year ago. Whatnot, which said that it has more than 650,000 new…
