Business

Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say

Friday, June 5 by SRN News

By Sabrina Valle and Milana Vinn NEW YORK, June 5 (Reuters) - Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way for a public listing years from now, according to... Read More.

US rate futures lift rate hike odds in December after strong jobs report

Friday, June 5 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, June 5 (Reuters) - U.S. interest rate futures on Friday increased the chances that the Federal Reserve will raise interest rates by the December policy meeting after a blockbuster payrolls number for May, which sharply exceeded market expectations. The rate futures... Read More.

Factbox-Hedge funds see May returns boosted by buoyant markets, sources say

Friday, June 5 by SRN News

By Nell Mackenzie LONDON, June 5 (Reuters) - Hedge funds, particularly those trading stocks, beat global benchmarks in May as rising equities led by the U.S. tech sector buoyed the returns of traders. Stock-picking hedge funds returned 5.35% in May compared to the MSCI total... Read More.

Instant View: Strong May jobs number sends yields, rate expectations higher

Friday, June 5 by SRN News

NEW YORK, June 5 (Reuters) - The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation... Read More.

Private credit boom cools as lending, flows slow sharply

Friday, June 5 by SRN News

By Patturaja Murugaboopathy June 5 (Reuters) - Private credit's rapid expansion is losing momentum, with U.S.-focused direct lending issuance slowing in recent months and fundraising still below its recent peak, industry data shows. PitchBook data indicates new loan issuance by private credit lenders fell to... Read More.

Private credit roundup: Private equity catches the cold

Friday, June 5 by SRN News

LONDON, June 5 (Reuters) - Stresses in private credit are spilling into adjacent private equity markets. Swiss asset manager Partners Group capped redemptions this week, signalling the volatility in private credit, which typically issues the loans that finance private equity investments, is spreading. Partners Group,... Read More.

S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall

Friday, June 5 by SRN News

(Corrects day of the week to Friday from Thursday in paragraph 1) June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at market open on Friday as chip stocks eased after a sharp rally, while a strong jobs report reinforced expectations of tighter... Read More.

Franklin Resources’ Wamco to pay $100 million SEC fine over alleged cherry-picking

Friday, June 5 by SRN News

June 5 (Reuters) - Western Asset Management Co, a unit of Franklin Resources, will pay a $100 million civil penalty to resolve U.S. Securities and Exchange Commission charges related to former co-chief investment officer Kenneth Leech's alleged cherry-picking scheme, the regulator said on Friday. Leech... Read More.

Putin slams Western sanctions as damaging to the global economy

Friday, June 5 by SRN News

ST. PETERSBURG, Russia (AP) - Russian President Vladimir Putin said Friday that developing countries have gained an increasingly important role in the global economy, while the share of output by Western countries has shrunk. In a speech to the annual St. Petersburg International Economic Forum,... Read More.

Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

Friday, June 5 by SRN News

WASHINGTON (AP) - The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May - roughly double what forecasters had expected - and the unemployment rate remained at a low 4.3%. The... Read More.

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Current Weather

Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say

US rate futures lift rate hike odds in December after strong jobs report

Factbox-Hedge funds see May returns boosted by buoyant markets, sources say

Instant View: Strong May jobs number sends yields, rate expectations higher

Private credit boom cools as lending, flows slow sharply

Private credit roundup: Private equity catches the cold

S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall

Franklin Resources’ Wamco to pay $100 million SEC fine over alleged cherry-picking

Putin slams Western sanctions as damaging to the global economy

Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

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