Welcome to ETF IQ, your go-to source for insights into the $14 trillion global ETF industry. I'm Katie Greifeld, your Bloomberg News reporter and anchor, here to keep you updated on the latest trends and developments in the world of exchange-traded funds. Stay tuned for expert analysis and key market movements that impact your investment strategies.
WideOpenWest Inc. is close to finalizing a deal with lenders to secure approximately $200 million in cash and restructure its debt. Sources familiar with the matter say the move is aimed at improving the company's financial stability.
Shares of Toronto-Dominion Bank fell sharply again on Friday, marking a nearly 10% drop over two days. This decline follows the bank's agreement to face hefty penalties for enabling financial crimes at its U.S. branches over several years.
The U.S. has expanded its sanctions on Iran's oil and gas sectors following a ballistic missile attack on Israel. This move increases economic pressure on Tehran as Israel is expected to retaliate soon.
Several firms, including Sixth Street, Bridgepoint Group Plc, First Eagle Investment Management, and Tikehau Capital SCA, are competing to acquire Kline Hill Partners, a company specializing in secondaries investments, according to sources familiar with the situation.
Odyssey Investment Partners is in advanced negotiations to acquire Honeywell International's personal protective equipment unit, according to sources close to the situation.
Investors have been anxious for months about the Federal Reserve's attempts to achieve a smooth transition for the US economy, fearing it could negatively impact the earnings of major US banks.
Bitcoin has entered a surprisingly quiet phase, with traders holding back as they await the results of the upcoming US election. Many are cautious, unsure how the election outcome might impact the cryptocurrency market. For now, volatility has decreased, and investors seem to be taking a wait-and-see approach.
Two people are dead and 35 others injured following a chemical release at a Houston area refinery operated by Mexico's state oil company. Emergency teams responded quickly to the incident, which prompted evacuations and safety measures in the surrounding area. Authorities are investigating the cause of the release and assessing the situation.
Brazil's President Luiz Inacio Lula da Silva has announced a desire for larger income tax exemptions beyond his current promise for workers earning up to 5,000 reais, or about $893. This has raised concerns among investors regarding the country's fiscal policy.
