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Republicans are making a last-ditch effort to flip Nevada's Senate seat, optimistic that a strong performance from former President Donald Trump in the state could boost Republican Senate candidate Sam Brown. Senate Leadership Fund, the main GOP super PAC involved in Senate races, is planning to spend $6.2 million on TV, radio and digital ads in Nevada, according to ad spending figures shared first with NBC News. SLF has spent tens of millions of dollars in other Senate battlegrounds in recent months. “It might be the best environment Republicans have seen in a presidential year in 20 years,” Nevada GOP strategist Jeremy Hughes recently told NBC News. Since Labor Day, Democrats have spent a combined $38.3 million on ads in Nevada, while Republicans have spent $27.6 million.

Persons: Donald Trump, Sam Brown, Rosen, SLF, Democratic Sen, Jacky Rosen's, Jacky Rosen, Steven Law, Trump, Joe Biden, Catherine Cortez Masto, Jeremy Hughes, Brown, Harris Organizations: Fund, GOP, PAC, NBC, Republicans, Democratic, Democrats, ”, ” Nevada Republicans, Army, Trump, AARP, Labor, National Republican Senatorial Committee, Senate Locations: Nevada, ” Nevada, Montana and Ohio, Michigan , Pennsylvania, Wisconsin, Nebraska

☆ After a busy week of stock trades, we're looking ahead to some key inflation data
▼ + stars: | 2024-08-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Looking back, quarterly earnings also played a key role in big stock moves for the portfolio. Looking ahead, we'll see an update on some key inflation data, plus a closer look at the state of the housing and retail sectors. ET: Producer Price Index Earnings: Home Depot (HD), Pandora (PANDY), Nu Holdings (NU), Sea Limited (SE) Wednesday, August 14 8:30 a.m. ET: Consumer Price Index Earnings: Tencent Holdings (TCEHY), Cisco (CSCO), UBS (UBS), JD.com (JD) Thursday, August 15 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eli Lilly, Walt, Jim Cramer, we've, JD.com, Jim Cramer's, Jim, Spencer Platt Organizations: Dow Jones, Dow, Nasdaq, Walt Disney, Microsoft, Ford Motor, Wynn Resorts, DuPont, Devices, Procter, Gamble, Club, Abbott Laboratories, Federal, Traders, Sun Life, Nu Holdings, Sea, Tencent Holdings, Cisco, UBS, Philadelphia Fed, Walmart, Materials, Deere & Co, Ross Stores, Lenovo, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Dover, Wells Fargo, Nextracker, Eaton

REUTERS/Chris Helgren Acquire Licensing RightsNov 13 (Reuters) - Canada's Sun Life Financial (SLF.TO) on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees. The insurer, however, reported a fall in underlying earnings hurt by weakness in the United States and fewer sales of personal health insurance. "The dental business reported middling results this quarter... short-term volatility is a part of this business, from a long-term perspective, the investment should be positive," Morningstar analyst Suryansh Sharma said. Sun Life said underlying earnings from its U.S. segment were down 19%. Underlying net income from wealth and asset management rose 9% to C$457 million.

Persons: Chris Helgren, Sunlife, Suryansh Sharma, Pritam Biswas, Shilpi Majumdar, Shounak Dasgupta, Lincoln Organizations: Sun, REUTERS, Morningstar, DentaQuest, Thomson Locations: Toronto , Ontario, Canada, United States, DentaQuest, U.S, Asia, Bengaluru

REUTERS/Carlos Osorio Acquire Licensing RightsTORONTO, Oct 10 (Reuters) - Bank of Nova Scotia (BNS.TO) and Sun Life Financial's (SLF.TO) asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit, the firms said on Tuesday. The move comes as private credit becomes one of the fastest growing and most attractive private asset classes, forecast to grow to $2.3 trillion in assets globally by 2027, according to Preqin data. The private credit market is less mature in Canada than in the U.S. and Europe but is slowly gaining attention. In a recent survey taken out by Canadian firm Ninepoint Partners, nearly two-thirds of financial advisors said they expect to increase their client or model portfolios' exposure to private credit in the next 12 months. Scotiabank Global Wealth Management is the third-largest business of its kind in Canada with C$631 billion of assets globally, while SLC Management manages $361 billion in assets.

Persons: Carlos Osorio, Glen Gowland, Nivedita Balu, Marguerita Choy Organizations: The Bank of, Scotiabank, REUTERS, Rights, Bank of Nova, SLC Management, Sun, Wealth Management, Ninepoint Partners, Scotiabank Global Wealth Management, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, Sun, U.S, Europe, Toronto

☆ Democratic super PAC stockpiles cash for Senate battle
▼ + stars: | 2023-07-31 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +1 min

Senate Majority PAC, the main Democratic outside group involved in Senate races, is already stockpiling campaign cash ahead of a brutal fight to hold onto the Senate, according to new fundraising numbers shared first with NBC News. The super PAC raised $37 million during the first six months of the year, ending June with $24.6 million in its campaign account. “After defying history and expanding Democrats’ Senate majority in 2022, Senate Majority PAC’s strong fundraising sets us once more on the path to success,” SMP president JB Poersch said in a statement. The Democratic super PAC's haul also surpasses the group's fundraising at the same point of last year's midterm election, when it raised $25.6 million. Super PAC fundraising typically accelerates rapidly as elections draw near.

Persons: JB Poersch, Donald Trump Organizations: PAC, Democratic, NBC News, Republican, Fund, Politico, SLF's, Super PAC, GOP, Senate, Federal

☆ Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google
▼ + stars: | 2023-07-26 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes/File PhotoJuly 26 (Reuters) - Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence, an executive told Reuters. "Our mission is to make every company an AI company," said Sivasubramanian, in an interview pegged to a summit the cloud provider hosted in New York. Amazon Bedrock is the company's answer to services announced by Google and Microsoft, cloud rivals that have developed or marketed AI garnering significant public attention. Microsoft has invested in OpenAI, the startup that created ChatGPT and the AI model known as GPT-4. The cloud provider announced Agents for Amazon Bedrock, which lets businesses create chatbots that execute tasks and give more personalized answers drawing from their proprietary data.

Persons: Gonzalo Fuentes, Swami Sivasubramanian, Sivasubramanian, Jeffrey Dastin, Stephen Nellis, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, Microsoft, Google, Reuters, Sony, Ryanair, Sun, Thomson Locations: Porte, Paris, France, New York, OpenAI, Silicon

☆ China central bank seen cutting medium-term policy rate: Reuters poll
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/SINGAPORE, June 14 (Reuters) - China's central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed. China remains an outlier among global central banks as it loosens monetary policy to shore up a stalling recovery but further rate cuts will widen the yield gap with U.S. assets and risk greater outflows. The MLF rate serves as a guide to the benchmark loan prime rate (LPR), and markets usually use the medium-term rate as a precursor to any changes to the lending benchmark. Looking ahead, we expect another 10bp cut in the MLF rate in 3Q23." The PBOC last cut the MLF rate in August 2022 to prop up the broad economy disrupted by stringent zero-COVID measures.

Persons: Ting Lu, Larry Hu, Wu Fang, Winni Zhou, Tom Westbrook, Jacqueline Wong Organizations: People's Bank of China, Nomura, Macquarie, Thomson Locations: SHANGHAI, SINGAPORE, China, lockstep

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Exclusive: N. American fixed income group won't take legal action over Credit Suisse AT1 fiasco-source
▼ + stars: | 2023-03-23 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, March 23 (Reuters) - The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG (CSGN.S) a person familiar with the matter told Reuters on Thursday. Earlier this week, the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS (UBSG.S). The Credit Roundtable was not available for an immediate comment. Launched in 2007 for bondholders protection, Credit Roundtable consists of 43 members including PIMCO, Vanguard, MetLife (MET.N), Canadian pension fund Omers, Sun Life Financial Inc (SLF.TO) among others. The bond holders of Credit Suisse in Europe and UK have been seeking legal advice over the Swiss banking regulator's decision to write off AT1 bonds under the rescue take over by UBS.

☆ Exclusive: N. American fixed income group will not take legal action over Credit Suisse AT1 wipeout -source
▼ + stars: | 2023-03-23 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, March 23 (Reuters) - The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG (CSGN.S), a person familiar with the matter told Reuters on Thursday. The Credit Roundtable was unavailable for comment. Launched in 2007 for bondholders' protection, Credit Roundtable consists of 43 members including PIMCO, Vanguard, MetLife (MET.N), Canadian pension fund Omers, and Sun Life Financial Inc (SLF.TO). The source said individual members are free to pursue legal action independently. The bond holders of Credit Suisse in Europe and UK have been seeking legal advice over the Swiss banking regulator's decision to write off AT1 bonds under the rescue take over by UBS.

☆ Canadian insurer Sun Life inks $193 mln deal with HK's Dah Sing
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO: The Sun Life Financial logo is seen at their corporate headquarters of One York Street in Toronto, Ontario, Canada, February 11, 2019. REUTERS/Chris Helgren//File Photo/File PhotoJan 20 (Reuters) - A unit of Canadian insurer Sun Life Financial Inc (SLF.TO) has partnered with Hong Kong-based Dah Sing Bank (2356.HK) in a deal valued at nearly C$260 million ($193 million), the companies said on Friday. Under terms of the partnership, Sun Life would pay to become the exclusive life insurance provider for Dah Sing Bank's 570,000 retail customers, beginning July, the companies said. The deal will bring in new customers for Sun Life and help the insurer expand its customer base in Hong Kong. Sun Life-Asia President Ingrid Johnson added at the time that the market in Hong Kong "was very encouraging with the emergence of sales".

☆ World Bank to lend $500 million to help Brazil meet climate goals
▼ + stars: | 2022-12-23 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

The initiative, in collaboration with Brazilian state-controlled lender Banco do Brasil, adopts an approach to lending linked to sustainability to help Brazil meet its climate goals and deliver "robust" mitigation benefits, a bank statement said. At the start of December, the World Bank and its partners launched a global tracking system to clean up the opaque market for carbon credits and help developing countries raise much-needed climate finance quickly and more cheaply. "Up to 90 million tCO2e in emission reductions are expected by 2030, the equivalent to about 4.5% of what Brazil needs to stay on track with its net-zero commitments," the World Bank said. "Brazil has significant potential to become a global leader in the transition to a low-carbon economy", said Johannes Zutt, World Bank country director for Brazil. Banco do Brasil will be able to offer its clients packages that integrate financing with support to access carbon markets through a “one-stop shop”, as the World Bank explained it.

Senate Democrats’ main super PAC says it’s planning to spend more than $4 million in television ads to boost Warnock. But McConnell endorsed Walker in the primary, after which Democrats unloaded on the Republican nominee in a brutal ad campaign. The Dec. 6 Georgia runoff between Walker and Warnock won’t decide the balance of power in the Senate, now that Democrats are assured control. After Republicans failed to win control of the Senate this week, top McConnell and Scott allies pointed fingers. Roberts, who retired after the 2020 election, said McConnell and Scott must set aside their differences to win Georgia.

Former NFL football star Herschel Walker trailed Democratic Senator Raphael Warnock in Georgia, as the two headed to a Dec. 6 run-off election. But Trump-backed Senate candidates J.D. The populist priorities of his "America First" agenda and his combative political style also helped shape the overall Republican campaign. Save America contributed close to $30 million to political allies and Republican Party accounts, including $20 million in October to a group that ran television ads supporting Republican Senate candidates in Georgia, Pennsylvania, Ohio, Arizona and Nevada. But Save America's contributions paled in comparison to spending by the Senate Leadership Fund, or SLF, a leading political action committee aligned with top Senate Republican Mitch McConnell.

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☆ Sun Life profit beats estimates with strong insurance growth in U.S., Asia
▼ + stars: | 2022-11-02 | by ( Divya Rajagopal | ) www.reuters.com time to read: 1 min

TORONTO, Nov 2 (Reuters) - Sun Life Financial Inc (SLF.TO), Canada's second-biggest life insurer, on Wednesday beat analysts estimates for its third-quarter core profit, as higher insurance sales in the United States and Asia helped offset declining revenue from its wealth management business. Underlying profit rose 5% from a year ago to C$949 million ($692.1 million) or C$1.62 per share in the three months ending Sept 30 versus consensus estimates to C$1.47. ($1 = 1.3711 Canadian dollars)Reporting by Divya Rajagopal; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Sun Life profit beats estimates even as wealth business slumps with markets
▼ + stars: | 2022-11-02 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, Nov 2 (Reuters) - Sun Life Financial Inc (SLF.TO), Canada's second-biggest life insurer, on Wednesday posted third-quarter profit that beat analyst estimates, as higher insurance sales in the United States and Asia helped offset declining revenue from its wealth management business. Underlying profit rose 5% from a year ago to C$949 million ($692.1 million) or C$1.62 per share in the three months ending Sept 30 versus consensus estimates to C$1.47. "Overall insurance sales across our businesses were strong, reflecting the increased importance clients are placing on protection and health," Kevin Strain, Sun Life CEO and president, said in a statement. Market volatility sparked by sharp rise in interest rates globally dented Sun Life's wealth business, resulting in a 19% drop in core profit from that operation. Sun Life has been expanding overseas to diversify its business mix and the latest quarter earnings benefited from recent deals, Strain added.

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