Leveraged loan defaults are heading for the third-worst year in history as Federal Reserve interest rate hikes take a toll, according to Goldman Sachs. The volume of defaults by riskier companies in the bulging leveraged loan market has risen in June, bringing the total amount of soured debt in the…

Gold futures ended lower on Friday as a much stronger-than-expected U.S. May employment report suggested that the Federal Reserve will need to do more to tame inflation. Prices for the metal, however, held onto a gain of more than 1% for the week on the heels of three consecutive weekly…

As a good portion of the U.S. battles with poor air quality due to smoke from Canadian wildfires, many people are looking to purchase an air purifier. Google searches related to the subject, such as “where to buy air purifiers” and “air purifier pick up today,” spiked by more than…

To avoid spending more than a third of their income on rent, tenants paying average prices in 11 major U.S. markets would need to earn six figures, according to a recent analysis from university researchers. In fact, the average renter in the U.S. overall would have to make almost $81,000…

2/2 © Reuters. A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid 2/2 (Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund…

(Reuters) -The U.S. Department of Defense (DoD) has entered into a $15 million agreement with the U.S. unit of Australian miner Jervois Global Ltd to conduct feasibility studies on expanding cobalt extraction in Idaho, to decrease reliance on overseas mineral sources. The agreement will enable Jervois Mining USA to undertake…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term…

Investing.com– The Bank of Japan held interest rates at ultra-low levels on Friday, and maintained its current pace of yield curve control while forecasting an improvement in economic conditions and a downturn in inflation. The BOJ held its at negative 0.1%, and signaled that it will continue to allow 10-year…

Topline Emails allegedly including a rash of racist comments and exchanged between Donald Trump Jr. and longtime confidant Gentry Beach could come to light as part of a years-long legal battle involving the Trump scion’s friend and his former hedge fund employer—if a New York judge determines they’re appropriate for…

Bill Gross is one of the great characters in the investment world: flamboyant, bold—and generally disliked by those who worked for him. But his PIMCO Total Return Fund saw over 9% annualized returns in its first decade, despite being a supposedly “boring” bond fund. Those gains made Gross one of…