Omar Marques | Lightrocket | Getty ImagesThere's a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit...
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Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | ReutersThe Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly all its 1,700 employees while "winding down" the agency, according to testimony from employees.In a...
The first quarter is on track for negative GDP growth, Atlanta Fed indicator says
A customer shops for produce at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas.Brandon Bell | Getty ImagesEarly economic data for the first quarter of 2025 is pointing towards negative growth, according to a Federal Reserve Bank of Atlanta measure.The central bank's GDPNow tracker of incoming metrics...
Federal job cuts disrupt a stable retirement picture for many workers, including Black Americans
A person displays a sign as labor union activists rally in support of federal workers during a protest, with the U.S. Capitol in the background on Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | ReutersThe sudden cuts to the federal workforce under President Donald Trump will likely throw...
Europe’s luxury sector is showing signs of revival — but China weakness and tariff threats loom
A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy.Bloomberg | Bloomberg | Getty ImagesEurope's troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the...