Author: businessinvestopedia.com

The bond fund run by DoubleLine’s top two has outperformed the overall market by taking a defensive stance without fully committing to an impending recession. The DoubleLine Opportunistic Bond ETF (DBND) has posted a total return of 3.2% over the past year, beating the broadest bond funds, such as the iShares Core US Aggregate Bond ETF (AGG), and the FactSet/Morningstar determined ETF category index. The fund’s 30-day SEC yield is about 5%. DoubleLine’s Deputy Chief Investment Officer Jeffrey Sherman is the fund’s portfolio manager, along with CEO and Chief Investment Officer Jeffrey Gundlach. Sherman told CNBC that the DoubleLine team…

This photo illustration shows dried cannabis flowers on April 30, 2024 in San Anselmo, California. The U.S. Drug Enforcement Administration (DEA) has announced plans to reclassify marijuana as a less dangerous drug, making it a Schedule III controlled substance rather than the Schedule I drug it is currently listed as. Justin Sullivan | Getty ImagesAmericans are reaching for buds more than booze.Daily or near-daily marijuana use is now more common in the United States than comparable levels of alcohol use, according to a 40-year analysis of data by Carnegie Mellon University.The report analyzed U.S. data from more than 1.6 million…

Please note that our Privacy Policy, Terms of Use, Cookies, and Do Not Sell My Personal Information have been updated.CoinDesk is an award-winning media outlet covering the cryptocurrency industry. Its journalists adhere to strict editorial policies. In November 2023, CoinDesk was acquired by Bullish Group, owner of Bullish, a regulated digital asset exchange. Bullish Group is majority owned by Block.one, and both companies have interests in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism. CoinDesk employees,…

Skynesha | ePlus | Getty ImagesBig pharmaceutical companies are betting billions of dollars on up-and-coming cancer treatments that some on Wall Street are calling “big opportunities.”This is called targeted radiopharmaceutical therapy, and it basically involves attaching radioactive particles to targeted molecules, which then delivers radiation directly to the tumor.RBC Capital Markets sees a $25 billion market opportunity in this area.”We believe that the development of TRT is still in its early stages. Next-generation technologies that enable improved therapeutic efficacy and address a broader range of cancer targets have the potential to drive value creation in this field. ,” analyst Gregory…

New Tesla vehicles are seen lined up in a storage area near a customer pickup location on April 15, 2024 in London, England.Leon Neal | Getty ImagesRising auto insurance costs have been a major driver of inflation over the past year, but they may be easing, according to Bank of America.The bank’s economists say some of the factors behind rising costs could ease in the coming months, easing some of the pressure on the sector that has been pushing the Fed to continue fighting inflation.”The sharp increases in auto insurance rates are a response to the industry’s underwriting losses, which…

Morgan Stanley’s former CEO James Gorman will step down as chairman of the bank’s board at the end of the year, he said at the bank’s annual shareholders’ meeting on Thursday. Gorman became chairman of the board when Ted Pick became CEO in January. When his successor was announced, Morgan Stanley did not give a timeline for how long Gorman would stay on in the role. Gorman suggested to Bloomberg in November that he would serve no longer than a year as chairman, and told The Wall Street Journal that his job was to support Pick, not dictate to him.…

A pile of lumber for a home under construction at the Cold Spring Barbera Homes subdivision, Wednesday, November 8, 2023, in Loudonville, New York, USA. Angus Mordaunt | Bloomberg | Getty ImagesThe U.S. Census Bureau announced Thursday that new home sales fell 4.7% in April from the previous month and were down a steep 7.7% from a year ago.Sales figures for March were also significantly revised downward.Rising mortgage rates are clearly hampering sales. Monthly measurements are based on signed contracts, so they reflect the purchases you made and transactions you made during the month based on current rates.The average interest…

ITC on Thursday reported that its standalone net profit for the fourth quarter ended March fell 1.3 percent from a year ago to Rs 50,220 crore, while operating revenue for the period under review rose 1.4 percent to Rs 1,775,287 crore.Excluding its agriculture business, which was severely affected by government restrictions on agricultural trade, the company said its fourth-quarter total revenue increased 6% from the same period last year and pre-tax profit reached a record high.However, while the hotel business posted its best performance ever, the cigarette business’ volume growth slowed. The revenue and profitability of the Agribusiness and Paperboard,…

This is why Web3 stakeholders always insist on the importance of digital ownership. Without internet ownership, users would be bound to her Web2 platform that accumulates them. When everything they’ve created and accomplished, and even the community they’re a part of, is owned by the platform, it’s not as simple as just picking up, moving on, and starting anew. In fact, the more value a creator creates on her Roblox, the harder it will be for her to leave. This is a painful example of the injustice of online centralization and the need for a fairer internet that gives all…

Check out the companies that are gaining attention in pre-market trading. Nvidia — The chipmaker rose 7.4% after strong first-quarter results, better-than-expected guidance and a 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices soared more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker rose 2.4% after forecasting 10% annual revenue growth for the global semiconductor industry. Live Nation — The concert industry giant’s stock price has soared as Bloomberg reports that the Department of Justice and several states will prosecute the company in the Southern District of New York on Thursday for antitrust violations related…