Guggenheim Investments Says Affiliates May Buy Its Hard-Hit Loan
Guggenheim Investments, the asset-management arm of Mark Walter’s Guggenheim Partners, is telling lenders that affiliates may look to buy portions of a loan issued by its financing entity after the debt’s value collapsed in recent weeks. The $1.18 billion loan...
Guggenheim affiliates may buy distressed $1.18 billion loan
Affiliates of Guggenheim Investments may buy portions of a $1.18 billion loan issued by its financing entity after the debt’s value fell sharply, Bloomberg reported. The GIH Borrower loan, due in 2031, dropped as low as 73 cents on the dollar this week, a level...
Guggenheim’s Affiliates Eye Its Beaten-Down $1.18B Loan
Guggenheim Investments told lenders that its affiliates may buy parts of a $1.18 billion loan issued by GIH Borrower LLC, which matures in 2031. The loan's price fell to 73 cents on the dollar this week, a level that is often seen as a sign of financial stress. In an...
Robinhood CEO Says US Household Stock Ownership Could Rise to 95% as AI Bots Render DIY-Trading Obsolete
Tenev believes Robinhood has considerably helped ramp up US household stock ownership in recent years Robinhood CEO Vlad Tenev sees a future in which almost every American household could own stocks as AI agents increasingly take over investing through automated...
Guggenheim Loan Drops to New 73-Cent Low With Firm in Spotlight
A loan from Guggenheim Investments’ financing entity slid to a new low on Monday, even after the firm convened a call last week with lenders to assuage concerns about its second-quarter earnings. A $1.18 billion loan issued by GIH Borrower LLC due in 2031 was last...
NHL sports ETF proposal hides major trap
Shares tied to individual sports franchises could soon be available through regular brokerage accounts, potentially as a "Maple Leafs ETF" or "Bruins ETF." But owning those shares would not mean owning part of the team or receiving a share of ticket sales, media...
Trump’s New Midterm Pitch to Voters: Pretend I’m on Ballot
President Donald Trump tried out a new campaign message on Friday, telling voters in South Carolina to “pretend” he was on the ballot and turn out to back his hand-picked candidate, Senator Darline Graham, in a contentious Republican primary. “They say that Trump does...
Wall Street Turns Sour on Once-Buzzy Space Stock After 73% Rout
Wall Street analysts are rushing to slash their price targets on spacecraft and satellites manufacturer York Space Systems Inc., saying the company’s path forward looks uncertain amid supply chain troubles and a slower pace of government contracts. At least six...
RBI’s hawkish minutes rattle bond market investors, put rate hikes in play
India’s central bank wrong-footed investors by opening the door to interest-rate increases, in a striking shift that sent bond yields higher and raised fresh questions about how it communicates with the market. Minutes of the Reserve Bank’s August meeting released on...
Alibaba Profit Dives 75% After AI Spending Hits $10 Billion
Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena. The online retail giant-turned-AI...
Vanderbilt Heir Builds a Family Office With Goal to Get 800 Relatives Investing
Consuelo Vanderbilt Costin is one century and six generations removed from the man who built one of America’s most storied fortunes and seeded a small part of her own. Still, she’s building a family office she hopes will serve as a financial nexus for the 800-plus...
JPMorgan Team Sees Credibility Risk in Treasury’s Buybacks
JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up the term premium and yields over time. The Treasury said on Wednesday it would at least...
Bets on Long-Bond ETF Spiked a Day Before US Announced Buyback
One or more investors piled into an exchange-traded fund that’s highly sensitive to swings in long-term US bond yields on Tuesday, a day before the Treasury Department unexpectedly ramped up buybacks of long-dated debt and sparked a rally. The $1.5 billion Pimco 25+...
Guggenheim’s Beaten-Down Loan Whipsaws as Lenders Digest Call
A loan issued by the financing entity of Guggenheim Investments whipsawed on Wednesday after executives reiterated to lenders that earnings would likely improve in the third quarter while steering clear of details about the wide-ranging probe into Mark Walter’s...