Bruce Campbell’s Top Picks September 19, 2024
Bruce Campbell, president and portfolio manager, StoneCastle Investment Management
Bruce Campbell, president and portfolio manager, StoneCastle Investment Management
Private credit more than doubled in size from 2019 thanks to interest rate hikes that made its floating-rate debt more attractive to investors. Now, a Federal Reserve interest-rate cut is adding to the headwinds hampering the breakneck growth of the $1.7 trillion industry.
European Commission President Ursula von der Leyen promised to mobilize up to €10 billion ($11 billion) in funding to help central European leaders grappling with the worst flooding in decades.
Japanese financial conglomerate SBI Holdings Inc. and former Federal Reserve official Roger Ferguson agreed to buy minority stakes in Gateway Partners Group, the latest Dubai financial firm to attract overseas interest.
Ireland’s rent controls are deterring overseas investors in the local residential real estate market and keeping out billions of euros, according to a study by CBRE Group Inc.
The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit SpA to swoop in and take a major stake in the lender.
An influx of travelers passing through US airports has created a frenzied borrowing boom to raise cash for expansion projects.
Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.
Flooding in Nigeria that has claimed the lives of at least 269 people and displaced more than 500,000 others looks set to get even worse as neighboring Cameroon releases water from one of its main dams.
Angola’s kwanza fell to a new 25-year low against the dollar after the oil-producing nation’s central bank ruled out intervening in the market to stabilize the currency.
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.
Mortgage rates continued their decline, hitting the lowest level since early February 2023.
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget.
The stock market’s furious run that has sent the S&P 500 Index flying 20% this year is far from over, according to BMO Capital Markets.
Neuberger Berman senior portfolio manager Steve Eisman said he has “no idea” who will win the US presidential election — reversing an earlier prediction that Donald Trump would triumph — but said the markets will be fine in any scenario apart from a sweep by Democrats.
Ann Kaplan, a social worker, was deep into her studies for a Ph.D. in sociomedical sciences when fate intervened.