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Search resuls for: "Alexander Morris"


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A singer who joined the storied Motown group the Four Tops in 2018 sued a Michigan hospital on Monday, accusing its staff of placing him in restraints and ordering a psychological evaluation because they did not believe he was part of the band. The singer, Alexander Morris, who is Black, filed a lawsuit accusing Ascension Macomb-Oakland Hospital of racial discrimination and two employees of negligence for an incident in April 2023, when he was taken there by ambulance with chest pain and difficulty breathing. When Mr. Morris, 53, told hospital staff that he was a member of the Four Tops — which helped define the Motown Sound in the 1960s with hits such as “I Can’t Help Myself (Sugar Pie, Honey Bunch)” and “Reach Out I’ll Be There” — the staff “wrongfully assumed he was mentally ill” and a security guard was instructed to put him in restraints, the lawsuit alleges. When Mr. Morris offered to show his identification card, the lawsuit said, the security guard, who is white, told him to “sit his Black ass down.”
Persons: Alexander Morris, Ascension, Morris, Honey, , Organizations: Motown, Ascension Macomb, Oakland Hospital, Motown Sound Locations: Michigan
A new group of bond funds aims to give investors a way to bet on specific segments of the corporate bond market, potentially creating more control in an interest rate environment that looks to be volatile in 2024. F/m Investments announced Wednesday that it will launch three corporate bond funds targeting certain times to maturity. The new suite of funds starts with three offerings: a 2-Year Investment Grade Corporate Bond ETF (ZTWO), a 3-Year Investment Grade Corporate Bond ETF (ZTRE) and a 10-Year Investment Grade Corporate Bond ETF (ZTEN). Benchmark series, which F/m launched starting in 2022 and gives investors tools to target specific maturities on the Treasury curve. Corporate bond defaults soared 80% in 2023, though most of the damage was done from lower-rated and heavily indebted companies.
Persons: Alexander Morris, Morris Organizations: Investments, Corporate, U.S, U.S . Treasury Locations: U.S
The judge in Trump's civil fraud trial issued a gag order after Trump repeatedly attacked the court clerk. However, a legal expert told Insider Trump isn't likely to face those kinds of consequences. AdvertisementAdvertisementThe trial judge in the New York civil fraud case against former President Donald Trump on Tuesday issued a gag order against the former president after he repeatedly attacked the court clerk in social media posts. The gag order was issued in the $250 million civil fraud case in New York against Trump, in which Justice Engoron has already found that Trump deceived investors by falsely inflating his property values, committing years of fraud. The more Trump violates the rules, the more the judge has to act to maintain integrity and control," Alexander said.
Persons: Trump, , Donald Trump, Arthur Engoron's, Chuck Schumer, Engoron, general's, Bernard Alexander, Alexander Morrison, Fehr, Alexander, Trump's Organizations: Service, Trump, Trump Organization, New Locations: New York, Los Angeles
Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.
The burgeoning single-bond ETF space is set to grow this week as investors continue to look for ways to navigate the Federal Reserve's rate hikes. F/m Investments is launching the U.S. Treasury 12-month Bill ETF on Tuesday, president and CIO Alexander Morris told CNBC. The F/m single Treasury funds all have an expense ratio of 0.15%. These funds let investors target narrow parts of the yield curve. With the Fed hiking rates rapidly in 2022, the curve has become inverted, making short-term yields more attractive for many investors.
In August, F/m Investments, a $4 billion multi-boutique investment advisor, launched three single-bond ETFs: the US Treasury 10 Year ETF (UTEN) , US Treasury 2 Year ETF (UTWO) , and US Treasury 3 Month Bill ETF (TBIL) . However, Jared Dillian, senior editor at Mauldin Economics, argued in an August Bloomberg op-ed that single-bond ETFs "will be one of the more successful product launches of the year." A solution to investing problemsBuying specific Treasury bonds or notes entails opening an account on TreasuryDirect and buying bonds from the federal Treasury Department at auction. With these ETFs, "you're getting access to the U.S. Treasury on-the-run 2 Year. F/m Investments charges 15 basis points for its single-bond ETFs, and the funds distribute dividends monthly.
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