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In Hot Credit Market, Fixed-Maturity Funds Are Booming
  • November 27, 2024

In Hot Credit Market, Fixed-Maturity Funds Are Booming

(Bloomberg) -- Credit investors squeezed by the tightest spreads in almost 20 years are opting for bare-bones strategies, creating a boom for Europe’s fixed-maturity funds.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThese previously-niche funds invest mostly in invest

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HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery
  • November 27, 2024

HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery

Dell tumbled 11%, with the company set to shed about $11 billion from its $99.50 billion market value, after it forecast quarterly revenue below estimates. HP dropped about 5% and its market capitalization was set to shrink by nearly $2 billion, from $37.68 billion on Tuesday, following a quarterly profit projection that was short of analysts' view. The expected computer upgrade cycle due to Microsoft ending support for Windows 10 and transitioning to Windows 11 has been slower than anticipated.

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Landmark fish and meat markets in London to close, ending 1,000 years of tradition
  • November 27, 2024

Landmark fish and meat markets in London to close, ending 1,000 years of tradition

Two of London's most famous markets — one selling fish, the other meat — are set to close in the coming years, bringing an end to traditions stretching back to medieval times. On Wednesday, the City of London Corporation, the governing body in the capital city's historic hub, is set to present a bill to Parliament to bring an end to its responsibilities to operate the Billingsgate fish market and the Smithfield meat market, both of which have existed in some shape or form since the 11th century.

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Why Is Drone Company Unusual Machines Stock Skyrocketing Today?
  • November 27, 2024

Why Is Drone Company Unusual Machines Stock Skyrocketing Today?

Unusual Machines, Inc. (AMEX:UMAC) shares are trading higher on Wednesday. The US-based drone and drone components manufacturer has made a notable move to strengthen its position in the growing drone industry by announcing the appointment of Donald Trump Jr. to its advisory board. Trump Jr., a renowned business leader, best-selling author, and investor in the company, brings significant expertise to the board. His appointment comes at a “pivotal time” as the company is working to bring drone com

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Why Is Eye Disease-Focused Outlook Therapeutics Stock Trading Lower On Wednesday?
  • November 27, 2024

Why Is Eye Disease-Focused Outlook Therapeutics Stock Trading Lower On Wednesday?

Outlook Therapeutics Inc. (NASDAQ:OTLK) revealed preliminary topline results of NORSE EIGHT, the second of two clinical trials evaluating ONS-5010 in wet AMD patients. In the NORSE EIGHT trial, ONS-5010 did not meet the pre-specified noninferiority endpoint at week 8 set forth in the special protocol assessment (SPA) with the FDA. The pre-specified noninferiority endpoint was measured by mean change in best corrected visual acuity (BCVA) from baseline to week 8. Also Read: Why Is Eye Disease-Foc

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Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData
  • November 27, 2024

Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData

Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported.The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading. The emergence of novel tokenized investment products with fixed prices such as BlackRock's BUIDL and Ethena's USDe also helped growth for the sector.Tether's USDT supply rose 10% over the last month to a new peak of $1

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Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData
  • November 27, 2024

Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData

Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported.The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading. The emergence of novel tokenized investment products with fixed prices such as BlackRock's BUIDL and Ethena's USDe also helped growth for the sector.Tether's USDT supply rose 10% over the last month to a new peak of $1

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Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData
  • November 27, 2024

Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData

Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported.The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading. The emergence of novel tokenized investment products with fixed prices such as BlackRock's BUIDL and Ethena's USDe also helped growth for the sector.Tether's USDT supply rose 10% over the last month to a new peak of $1

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