by Bloomberg.com | Jul 2, 2026 | AlphaTack Intel
Hong Kong’s assets under management climbed 20% to a record HK$42.2 trillion ($5.4 trillion) last year, a sign that the city’s prolonged attempt to become a wealth management hub is bearing fruit. The increase was fueled by a 193% jump in net fund inflows to HK$2.1...
by Bloomberg.com | Jul 1, 2026 | AlphaTack Intel
Caterpillar Inc. stock slid from a record high Wednesday after Michael Burry, made famous in The Big Short for his bets against the US housing market ahead of the 2008 crisis, said he shorted the industrial heavyweight for the first time. The call comes as the...
by Bloomberg.com | Jul 1, 2026 | AlphaTack Intel
The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices. Phil Tseng, chief executive officer...
by Bloomberg.com | Jul 1, 2026 | AlphaTack Intel
The automotive affordability crisis is deepening as average monthly car payments reached a record $777 in the second quarter, with nearly a quarter of US car buyers taking out loans of seven years or more. The average amount financed on a new car also reached an...
by Bloomberg.com | Jul 1, 2026 | AlphaTack Intel
Private credit investors have become increasingly discerning about dispersion in investment marks, creating a “confidence gap” between asset managers, according to Pacific Investment Management Co. Managers with stronger loan quality are being rewarded as net asset...
