Wednesday, June 29, 2022
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Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition

(Click here to subscribe to the Delivering Alpha newsletter.)Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks the world's largest private fund dedicated to the net zero transition, signaling that investors are still committed to establishing cleaner portfolios. However, some blame the

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Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — ‘but it’s not dead,’ says financial advisor

How a 60/40 portfolio strategy worksThe strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk.More generally, "60/40" is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio)

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Stock futures are flat after markets claw back some losses from weeks of selling

U.S. stock index futures were flat overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling.Futures contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were little changed.During regular trading Tuesday, the Dow surged

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Stock futures inch higher after Fed raises rates by most since 1994

U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994.Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up 0.23%, while Nasdaq 100 futures advanced 0.29%.The major averages ended

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‘Profit recession’ warning as markets wait for aggressive central bank moves

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022.Brendan McDermid | ReutersGlobal stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession.U.S. stock

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Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California.Liu Guanguan | China News Service | Getty ImagesThe surge in gasoline prices is impossible to miss and at the top of consumers' minds as billboards announce that gas now costs $4,

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Garage-door maker employees get cash reward in takeover as private equity tests ownership model

In the otherwise-sleepy town of Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, C.H.I. Overhead Doors.  C.H.I.'s private equity owner, KKR, is selling the company to steel manufacturer Nucor in a $3 billion deal. The sale marks one of KKR's largest

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Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank

Berkshire Hathaway Chairman and CEO Warren Buffett.Andrew Harnik | APThe 91-year-old "Oracle of Omaha" scooped up Citi shares while they have been underperforming the rest of the financial sector in the past 12 months. The stock is down nearly 40% while the Financial Select Sector SPDR Fund is off

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Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower.Futures

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SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible

Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018.Alessandro Di Ciommo | NurPhoto | Getty ImagesJapanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company

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