Author: Charlotte

East West Bancorp upgraded to soft Buy as profits and fundamentals improve, beating S&P 500.East West Bancorp, Inc. has been upgraded to a very soft Buy due to improving fundamentals and profitability that have outpaced the S&P 500 since the last review. The bank shows strong balance sheet growth with expanding deposits, loans, and securiti… Source link

Apollo Global Management, one of the world’s largest alternative asset managers, is planning to launch a fund of up to US $20 billion in private credit to finance diverse projects in Mexico, in a move that seeks new opportunities for its private lending business. Sources familiar with the matter who spoke on condition of anonymity told Bloomberg Online that conversations are underway to finance infrastructure projects through private lending structures, a market that has gained traction as an alternative to traditional bank financing.  Apollo’s fund for private credit aligns with Plan México, which seeks to boost economic development through combining…

Letter: What the 1960s can teach us about tax and economic growth Financial Times Source link

WOLFE COUNTY, Ky. (LEX NEWS) — A Bitcoin mining operation that generated nearly three years of noise complaints from residents along Kentucky Route 1036 is much quieter now.Barbara Campbell, who lives near the Artemis Power Tech facility, said the constant industrial hum that plagued the rural community disappeared last week.”At first when you come out, and you hear it, you think well, it’s not that bad, but then all day, 24 hours no matter where you go or what you do — it’s there,” Campbell said. She first spoke with reporters about the noise in the fall of 2023. Kentucky…

Southfield-based Belle Tire is being acquired by the private equity-backed chain Big Brand Tire & Service. The deal was announced July 16 and is expected to close sometime later in the quarter. The financial terms were not disclosed. Belle Tire is one of the larger tire and auto servicing chains in the Midwest and has 185 locations in Michigan, Ohio, Indiana and Illinois. Big Brand Tire & Service is a chain with a presence in mostly Western states. It was acquired in 2021 by San Francisco-based private equity firm Percheron Capital. A Belle Tire location off Haggerty Road in Commerce…

KAREN JOY BACUDO Finance Editor AngelList has acquired fund management software company Ark, expanding its reach among fund administrators in private markets. Ark serves administrators, including Standish Management, MeritageAG, and Kranz Consulting. Those firms use Ark to support more than 500 venture capital and private equity firms, with more than USD $185 billion in assets on the platform. The acquisition brings Ark into AngelList’s broader private markets platform, which includes fund management and accounting, banking, cap tables, and other tools used by investors and fund managers. In the coming months, Ark’s customers will gain access to AngelList’s infrastructure for fund…

In the high-stakes world of digital assets, finding a balance between the frantic pace of day trading and the long-term patience of “HODLing” can be a challenge. For many, the answer lies in a strategy that captures the best of both worlds: swing trading. Key Takeaways Swing trading is a medium-term strategy where traders hold positions for several days to several weeks to profit from expected price “swings.” To identify a trend’s beginning and exit before the momentum reverses. Unlike scalping or day trading, it requires only a few hours of analysis per week, making it ideal for those with…

Index additions put Solaris Energy Infrastructure in focus Solaris Energy Infrastructure (SEI) has come into focus after being added to several S&P indices, including the S&P 600, S&P 1000, S&P 600 Energy and related sector benchmarks. See our latest analysis for Solaris Energy Infrastructure. The recent index inclusions come after a sharp pullback in Solaris Energy Infrastructure’s share price. It is down 15.77% over the past week and 25.84% over the past month, even though the year to date share price return is 19.94% and the 1 year total shareholder return is 108.60%. This points to strong longer term gains…

A passive hybrid fund combines the long-term growth potential of equities with the relative stability of government securities (Gsecs). “Equities act as the primary return driver while Gsecs help cushion market volatility,” says Bhavesh Jain, president and co-head, factor investing, Edelweiss Mutual Fund.  The debt allocation can make the investment journey less volatile than that of a pure-equity portfolio. “The structure provides a smoother investment experience and improved risk-adjusted outcomes,” says Jain.  The allocation to Gsecs can control the risk arising from the credit quality of instruments in the debt portfolio.  Disciplined asset allocation  Passive…

CoinShares (NASDAQ: CSHR) indicated that sentiment around Bitcoin has begun to improve, driven primarily by broader economic indicators rather than sector-specific developments. Following an extended period of outflows from digital asset products, fresh capital has started flowing back in, reflecting renewed optimism tied to evolving expectations for US monetary policy. Global exchange-traded products (ETPs) tracking digital assets experienced outflows totaling approximately $8 billion over eight consecutive weeks—the most severe streak on record. This trend reversed recently, with inflows of about $287 million recorded last week across all issuers. Early signs suggest this positive momentum could continue into the current period,…