Private equity giant Carlyle Group Inc. has been named investment manager for a publicly-traded fund that is pivoting away from investments in residential mortgages and will focus on the riskiest tranches of collateralized loan obligations instead.
Fear that the market was headed for an economic slump is loosening its grip on corporate debt markets as investors start to put their money back to work, according to Bank of America Corp.
Argentina’s overseas bonds climbed Monday after the nation’s opposition coalition pummeled the left-leaning incumbent in a primary gubernatorial election Sunday night.
Tesla Inc. directors, including co-founder Elon Musk, agreed to return more than $735 million in stock awards and cash to settle an investor lawsuit accusing board members of improperly giving themselves massive compensation packages.
Angelo Mozilo, who propelled Countrywide Financial Corp. to become the largest US mortgage lender during the housing boom only to see the company crash in the 2008 financial crisis, has died. He was 84.
FedEx Corp. hired John Dietrich, the former head of an aircraft-leasing company, as its new chief financial officer amid a sweeping plan to restructure the package-delivery giant and slash costs.
National Economic Council Director Lael Brainard and National Security Adviser Jake Sullivan are joining a White House meeting Monday with the chief executive officers of America’s largest semiconductor makers to hear their concerns over new restrictions that threaten sales to China.
Parts of the crypto market saw frenzied trading following a break in the regulatory clouds surrounding the US digital-asset sector.
Oil declined as disappointing Chinese economic data and a resumption of Libyan production undercut signs of a tightening market.
A welcome downshift in inflation data has led JPMorgan Chase & Co.’s Marko Kolanovic to soften his stance on a potential US recession.
