Author: Press Room

Watch full video on YouTube

Thesis The VanEck CLO ETF (NYSEARCA:CLOI) is a fixed income exchange-traded fund. We covered this name right when it was issued with a ‘Buy’ rating and encouraged readers to keep holding the name last year: Prior Rating (Seeking Alpha) The ETF has provided for a very robust total return since, but most importantly, it never experienced a severe downturn. We are now revisiting the name after one year to analyze the current collateral composition and highlight why the fund is still a name to hold given its analytics and macro market forecast. Updated holdings analysis The fund has moved towards…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Lambda Labs, a cloud computing start-up that rents out servers powered by Nvidia’s artificial intelligence chips, is in talks to raise another $800mn as it looks to capitalise on the bull market around AI and the scarcity of the most advanced graphics processing units.The proposed deal would vault the company into the ranks of Silicon Valley’s best funded start-ups of recent years, at a time demand is skyrocketing for the computing infrastructure behind the generative AI boom.The funding would add to the…

When you receive Social Security retirement benefits while working, you could run into one of the more complicated and confusing rules, the Social Security earned income limit, or earnings test. The rule exists because Congress historically discouraged people from working while receiving Social Security benefits. You can receive Social Security retirement benefits anytime beginning at age 62 without regard to whether you are retired. But at certain ages, if you’re receiving retirement benefits and your earnings exceed a limit, your retirement benefits will be reduced. Most people believe you lose Social Security benefits in those cases, but that’s not really…

Mortgage rates reversed course this week and headed north of 7% again, following several weeks of decline, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.03% for the week ending May 30, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase from the previous week when it averaged 6.94% and up from 6.79% a year ago. The average rate for a 15-year mortgage was 6.36%, up from 6.24% last week and up from 6.18% last year.  The increase in borrowing costs comes as interest rate cuts fall further into the distance. The Federal Reserve reiterated its…

President Joe Biden’s income-driven repayment plan hit a legal snag this week after two federal judges blocked parts of it that were set to take effect next week.  The Biden Administration introduced the Saving on a Valuable Education (SAVE) plan after the Supreme Court struck down Biden’s student loan forgiveness plan. The White House said that the SAVE plan could lower borrowers’ monthly payments to zero dollars, reduce monthly costs in half and save those who make payments at least $1,000 yearly. Additionally, borrowers with an original balance of $12,000 or less will receive forgiveness of any remaining balance after…

A federal judge on Tuesday rejected a $30 billion antitrust settlement under which Visa and Mastercard agreed to limit fees they charge merchants that accept their credit and debit cards. U.S. District Judge for the Eastern District of New York Margo Brodie in Brooklyn said she was unlikely to grant final approval to the settlement and therefore denied the request for preliminary approval made by a group of merchants made up primarily of small businesses.The settlement was opposed by many merchants and trade groups, including the National Retail Federation. Opponents argued that card fees would remain too high under the…

Watch full video on YouTube

Watch full video on YouTube

Canada’s inflation rate increased to 2.9% in May, a higher reading than expected. Scott Colbourne, Managing Director and Head of Active Fixed Income with TD Asset Management, looks at the implications for the Bank of Canada’s interest rate strategy. Transcript Greg Bonnell: Canadian inflation came in hotter than expected for the month of May, and that’s clouding the picture for what the Bank of Canada might do next when it comes to interest rates. Joining us now to discuss is Scott Colbourne, Managing Director and Head of Active Fixed Income with TD Asset Management. Always great to have you on…