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Market News
Latest financial news and analysis from global markets
BAC
PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
Income investors who bought the iShares Preferred and Income Securities ETF (NASDAQ:PFF) for its distribution yield near 6.5% are sitting on a structural feature most never modeled: roughly 60% to 70% of PFF’s portfolio comes from U.S. banks and insurers, and almost all carry call provisions. PFF works fine when rates rise. The problem surfaces ... PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
GS
PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
Income investors who bought the iShares Preferred and Income Securities ETF (NASDAQ:PFF) for its distribution yield near 6.5% are sitting on a structural feature most never modeled: roughly 60% to 70% of PFF’s portfolio comes from U.S. banks and insurers, and almost all carry call provisions. PFF works fine when rates rise. The problem surfaces ... PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
JPM
PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
Income investors who bought the iShares Preferred and Income Securities ETF (NASDAQ:PFF) for its distribution yield near 6.5% are sitting on a structural feature most never modeled: roughly 60% to 70% of PFF’s portfolio comes from U.S. banks and insurers, and almost all carry call provisions. PFF works fine when rates rise. The problem surfaces ... PFF’s $14 Billion Preferred Stock Strategy Holds 60 Percent Bank Issued Preferreds With Call Provisions That Cap Your Upside
NVDA
Shares rally on Nvidia earnings, Samsung strike suspension
By Gregor Stuart Hunter SINGAPORE, May 21 (Reuters) - Stocks rose on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended
TSLA
SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments
SpaceX's IPO filing revealed extensive commercial and financial ties among Elon Musk's companies ranging from Cybertruck purchases and shared private jets to stock investments, showing how deeply intertwined his business empire has become ahead of what could become the largest IPO in history. While many of the billionaire's companies have long collaborated, the filing contains previously undisclosed details about how they now form a network bound by commercial agreements, financing obligations and operational dependencies spanning AI, transportation, communications and infrastructure. The disclosures on Wednesday showed rapidly expanding transactions among SpaceX, electric vehicle maker Tesla, artificial intelligence company xAI and social network X ahead of a planned SpaceX IPO targeting a valuation of about $1.75 trillion.
BTCUSDT
Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge
Bitcoin treasury company Nakamoto aims to massively reduce its share count as it seeks a price of at least $1 to regain Nasdaq compliance.
XAU/USD
Gold steady as US-Iran peace deal hopes offset inflation fears
May 21 (Reuters) - Gold held steady on Thursday, as fears of oil-driven inflation and higher global interest rates were offset by optimism around a potential U.S.-Iran peace deal.
ABNB
Airbnb expands into hotels, cars, groceries
Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.The updated app adds grocery delivery through Instacart in more than 25 US cities, as well as airport and train station transfers and luggage storage services in more than 160 cities worldwide.
MS
Morgan Stanley resets Take-Two stock price target before GTA VI release
Morgan Stanley is bullish on Take-Two Interactive (TTWO), as investors now have a clear release date of Nov. 19, 2026, for the company’s long-awaited Grand Theft Auto VI release. Specifically, the firm's analysis of past major game launches, as the Globe and Mail reported, shows that game publisher ...
GOOGL
Aflac Follows Alphabet Into Japan’s Booming Yen Bond Market
(Bloomberg) -- US insurer Aflac Inc. on Thursday sold a yen bond totaling ¥65.9 billion ($415 million) across four tranches, joining a wave of foreign issuers tapping Japan’s credit market.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksSpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight GripHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electr
SHOP
Q1 Earnings Review: E-commerce Software Stocks Led by Shopify (NASDAQ:SHOP)
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Shopify (NASDAQ:SHOP) and the rest of the e-commerce software stocks fared in Q1.
NVDA
Trump Renews Pressure as Iran Vows Retaliation Beyond Mideast
(Bloomberg) -- The US and Iran traded threats of escalation on Wednesday as the weeks-long standoff in the Middle East dragged on without resolution. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksSpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight GripHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersPresident Donald Trump