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Bloomberg Markets
A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic.
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Bloomberg Markets
Nick Samouilhan, portfolio manager at Wellington Management, joins Scarlet Fu and Eric Balchunas on "ETF IQ." Blackstone teamed up with Wellington Management and Vanguard Group to create two new funds that will give individual investors access to private assets. (Source: Bloomberg)
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Bloomberg Markets
Asian refiners are on course to nearly double their purchases of US crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.
NY Times Business
Regulators sent subpoenas to major Wall Street banks seeking information about the trading of Situational Awareness, three people briefed on the outreach said.
Bloomberg Markets
The dollar rallied Monday as Treasury Secretary Scott Bessent said the US will cut Iran off from the global financial system, underscoring the greenback’s central role in trade and boosting its haven appeal.
Bloomberg Markets
Carlos Peña, head of ETF & funds management at Texas Capital, joins Scarlet Fu and Eric Balchunas on "ETF IQ." The Texas Stock Exchange notched its first primary listings as two small ETFs focused on the state’s economy announced plans to transfer to the upstart marketplace. The two ETFs are Texas Capital Texas Index ETF (ticker: TXS) and Texas Capital Texas Oil Index ETF (ticker: OILT). (Source: Bloomberg)
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