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Read previewWhen the automotive industry started looking toward an electrified future, Detroit automakers decided to throw their hat in the ring with what they do best: Pickup trucks. Electric pickup truck pioneer Rivian has also warned of slowing growth, and Elon Musk's Tesla already appears to be offering some purchase incentives for the Cybertruck. Only four EVs sell in that range at the moment, according to Edmunds, and none of them are sold by Detroit automakers. On average, EVs sold for around $61,700 last year, $14,250 more expensive than the typical price paid for non-electric vehicles, Edmunds said. AdvertisementGM is taking another approach, pulling back on EV production as the company plans to bring more hybrids (a segment that has seen demand increase while EV demand wanes) to the North American market later this year.
Persons: , Ford, Rivian, Elon Musk's Tesla, Edmunds, Jessica Caldwell, EVs, BCG, Jim Farley Organizations: Service, Detroit, Ford, Business, GMC, EV, Associated Press, Edmunds, Detroit automakers, Leaf, Fiat 500e, Hyundai Kona Electric, Boston Consulting Group, Bloomberg, North Locations: Detroit, Edmunds
Opinion: Trump’s image is on the line
  + stars: | 2024-03-24 | by ( Richard Galant | ) edition.cnn.com   time to read: +20 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. … Deals are my art form.”Having a lot of money distinguished him from other presidential candidates, Trump contended. ‘I don’t need anybody’s money,’ Trump said in his June 2015 presidential campaign announcement.”“Now Trump needs money, a lot of it. In July 2006, she met Trump at a celebrity golf tournament and says that the two had sex that weekend. “Whatever the Fifth Circuit and Supreme Court decide next, the question for President Joe Biden is what to do now,” wrote Lawrence Downes.
Persons: Charles Dickens, “ David Copperfield, Micawber, ” Micawber, , Dickens, Donald Trump, Letitia James, Trump, he’ll, , Tony Schwartz, I’ve, Frida Ghitis, ’ Trump, … Dana Summers, Joe Biden’s, Julian Zelizer, Biden’s, ” Bill Bramhall, Stormy Daniels, Peacock, Ana Marie Cox, Daniels, she’s, Peter Navarro, He’s, Mike Johnson, Kevin McCarthy, House Republicans —, Matt Gaetz ’, Marjorie Taylor Greene, Johnson, Clay Jones, Paul Sracic, Fareed Zakaria, Biden, Peter Bergen, Bashar al, Assad, ” Bergen, Vladimir Putin, Richard Aboulafia, ” David Horsey, Joann, Lynda Gorov, it’s, ” Kate Middleton’s, Princess, Wales, Sara Stewart, Kate, that’s, she’ll, Joe Biden, Lawrence Downes, “ Biden, Greg, Abbott, , ” Downes, Trump’s, Jared Kushner, Kushner, Donald Trump’s, Aseel Mousa, Drew Sheneman, Max Besbris, ” Besbris, Linda Thomas, Greenfield, Thomas, Eleanor Roosevelt, , ” Don’t, Grace Elizabeth Hale, Elizabeth Yuko, Avi Weiss, Jennifer Jones, Jill Filipovic, Christine Blasey Ford Derrick Johnson, Peter Rutland, Holly Thomas, Lily Allen, Mary Ziegler, Lanhee Chen, Steve Garvey, Adam Schiff, Patricia Grisafi, Caitlin Clark Walt Handelsman, Caitlin Clark, Amy Bass, Kamilla Cardoso, UCLA’s Kiki Rice, ’ ” Clark, Bass, Pete ’ Maravich, Court, Serena Williams, Clark, Maravich …, Organizations: CNN, New, Trump, Agency, Twitter, Save, Maga Inc, Biden, Content Agency Trump, House Republicans, Rep, Ohio GOP, Russia ISIS, ISIS, Boeing, Airbus, Crafts, Boys, BBC Studios, Circuit, Texas Gov, Abbott, of Justice, Texans, Harvard, National Association of Realtors, United Nations, , University of Iowa, ESPN, Iowa Hawkeyes, NCAA Division Locations: Save America, New York, Baton Rouge , Louisiana, Ohio, Russia, Moscow, Iraq, Syria, Syrian, , Iran, Afghanistan, , Ukrainian, Windsor, ” Texas, Texas, Gaza, Southern, Rafah, Egypt, Israel, Gaza City, Al, Grace Elizabeth Hale : Mississippi, , California
In my case, love of this world, love of nature, love of our life in and as part of it. New York City’s winter leaf cover has been blown away and stuffed into large, shiny, pristine black plastic bags. That’s just what I spotted in the first mile of a recent walk along Riverside Drive heading south from the 150s. It was an unseasonably warm winter, a concept that could be rendered meaningless within a decade, as memories of snowfall fade. Of course, by the time we have done so, we will be way past the point of drawing such lines in the rock.
Locations: New York, Riverside, Earth’s
The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.
Persons: It's, Terry Woychowski, Warren Buffett, , BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, , GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, , China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province
CNN —A pro-Trump lawyer who tried to overturn the 2020 election was arrested Monday after a court hearing about her recent leak of internal emails belonging to Dominion Voting Systems. In the last 24 hours, Leaf has posted more than 2,000 internal Dominion documents on his social media account. The marshals declined to say whether they arrested her, and she didn’t answer messages seeking comment after the hearing. During the at-times testy hearing Monday, Magistrate Judge Moxila Upadhyaya peppered Lambert with sharp questions about the disputed Dominion materials. Dominion wants Lambert removed from the case and suggested in court Monday that she might have committed a crime by disseminating the files to Leaf.
Persons: Stefanie Lambert, Lambert, Dar Leaf, Donald Trump, Leaf, Patrick Byrne, , Judge Moxila Upadhyaya, ” Upadhyaya, Byrne, , ” Lambert, Davida Brook, Rudy Giuliani, Sidney Powell, CNN’s Holmes Lybrand Organizations: CNN, Trump, Voting Systems, Dar, US Marshals Service, U.S . Marshals, Dominion, Leaf, meddled, US Intelligence, America, . Dominion, Fox News Locations: Michigan, Barry, Dominion, Washington ,, Serbia
TOKYO (AP) — Global shares are mixed Thursday in lackluster trading. U.S. shares were set to drift higher with Dow futures up nearly 0.3% at 39,632.00. Nissan Motor Co. stock jumped 2.2% after an unconfirmed Japanese media report that the automaker behind the Leaf electric car was about to enter an agreement on EVs with domestic rival Honda Motor Co. Honda shares rose 1.1%. Photos You Should See View All 60 ImagesThe Japanese central bank has set a target of 2% inflation. That higher inflation has in turn dashed Wall Street’s hopes that the Federal Reserve could start offering relief at its meeting next week by cutting interest rates.
Persons: Germany's DAX, Sydney's, Hang Seng, , Anderson Alves, Brent Organizations: TOKYO, , CAC, Dow, Nikkei, Nissan Motor Co, Honda Motor Co, Honda, Nissan, Bank of Japan, Bank of, Federal Reserve, Fed, U.S Locations: Hong, Shanghai, ActivTrades, Bank of Japan
The Daily Hunt for Food in GazaFor two million hungry Gazans, most days bring a difficult search for something to eat. Amany Mteir, 52, scours the streets north of Gaza City, where people sell or trade what food they have. The war, including Israel’s bombardment and siege, has choked food imports and destroyed agriculture, and nearly the entire population of Gaza relies on scant humanitarian aid to eat. Most food shops in northern Gaza are damaged or closed, so vendors set up informal street markets to sell food and other items. An average of just six commercial trucks carrying food and other supplies have been allowed to enter Gaza each day since early December.
Persons: Amany Mteir, Aseel Mutair, Nizar Hammad, Nizar, ” Aseel, Pita, Aseel’s, Rice, Aseel, Muhammad, , , ” Amany, ” Nizar, Amany, , We’ve Organizations: Daily, United Nations, Aid, The New York Times, pita Locations: Food, Gaza, Gaza City, Beit Lahia, Rafah, United States, The, bouillon
Costco is now selling packs of 25-count packs of silver Royal Canadian Mint coins for $625. They wrote in reviews that the tubes weren't sealed when they arrived and the coins were loose and scratched. AdvertisementSome Costco shoppers buying its new $625 packs of silver coins say that they didn't arrive in sealed tubes as promised, leading to some of them showing up scratched. One reviewer said that when they opened their package, "the coins just spilled out of the UPS box." They said their coins arrived "tightly wrapped in plastic and still in the sealed tube."
Persons: , King Charles III Organizations: Costco, Royal Canadian, Service, Royal Canadian Mint, UPS, Eagle, Business
Opinion | On the Wild Intoxications of Spring
  + stars: | 2024-03-11 | by ( Margaret Renkl | ) www.nytimes.com   time to read: +1 min
I spied the first spring beauty of the year on Feb. 20, the same week a Northern flicker started drumming on our metal chimney, the week of budburst for our red maple sapling and our young red mulberries. The bluebirds often start house-hunting much earlier than they intend to nest, but the first flicker concert at dawn and the first spring beauty opening in the afternoon sun — they’re for real. Soon the crows will be stalking through the wild parts of the yard after a rain, collecting long, damp stalks of grass to line their nests with. This year spring beauties came a little late compared to last year (Feb. 16), but still very early compared to the year before that (March 20). Spring is here!
Persons: skinnier
What’s So Funny About a Naked Man?
  + stars: | 2024-03-10 | by ( Rhonda Garelick | ) www.nytimes.com   time to read: +2 min
John Cena’s ‘streaker manqué” routine at the Oscars was pretty funny. And soon, an entirely naked, and remarkably buff, Mr. Cena came onstage to introduce the Best Costume Design, nervously grasping the sealed Oscar envelope over his genitals, as a makeshift fig leaf. Then, in a bit of television magic, he was draped in a toga-like, one-shouldered robe with a tasseled rope belt. An exactingly chiseled, naked male body onstage is only funny because it is unexpected — because, that is, it does not belong to a woman. Seeing a naked woman on stage at the Oscars could never be funny, simply because it’s the norm to see female bodies in various states of revealing dress on the red carpet, and in movies as well.
Persons: John Cena’s ‘, Jimmy Kimmel, Mr, Cena, Kimmel, David Niven, Elizabeth Taylor
Wait, is America actually banning TikTok now?
  + stars: | 2024-03-08 | by ( Brian Fung | ) edition.cnn.com   time to read: +8 min
Washington CNN —House lawmakers are moving with dizzying speed with a plan that could ban TikTok from the United States. But could a TikTok ban really happen? A man walks past the headquarters of ByteDance, the parent company of video sharing app TikTok, in Beijing. They allege TikTok poses a national security threat because the Chinese government could use its intelligence laws against ByteDance, forcing it to hand over the data of US TikTok users. By that precedent, it would be unconstitutional for the government to ban TikTok even if it were blatantly a direct mouthpiece for the Chinese government, Jaffer said.
Persons: Joe Biden, Greg Baker, Biden, , , ” TikTok, Donald Trump, Trump, ByteDance, Mark Zuckerberg, TikTok, Mike Gallagher, Gallagher, ” Biden, Joint Base Andrews, it’s, Washington Sen, Maria Cantwell, ” Cantwell, , Jenna Leventoff, Ken White, Brown White, Osborn, White, It’s, Jameel Jaffer, Jaffer Organizations: Washington CNN —, White, Biden —, Apple, Google, House Energy, Commerce, Trump, Facebook, Republican, Biden, Wisconsin Republican, Joint Base, Senate, CNN, American Civil Liberties Union, Columbia University Locations: United States, China, ByteDance, Beijing, AFP, Iran, Russia, North Korea, Washington
Costco is now selling packs of one-ounce silver coins, priced at $625 for 25 coins. Its CFO said that sales of the coins and Costco's 24-karat gold bars had led its e-commerce growth. AdvertisementIt's not just $2,000 gold bars you can buy from Costco — customers can now snap up $625 packs of silver coins, too, as the retailer expands its precious metals business. On Costco's website, you can snap up a 25-count pack of 2024 Canada Maple Leaf silver coins. Each coin weighs one troy ounce and is made of 99.99% pure silver, Costco says.
Persons: , It's, Richard Galanti Organizations: Costco, Service, CNN, Business
Costco recently started selling silver coins for the first time, finance chief Richard Galanti told CNN. Costco is trying to replicate its recent success with gold bars. It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. After all, not many people are actually stashing away gold bars in their homes. We constantly buy that stuff and intentionally run out of it from time to time.”Costco is also selling precious metals as they become more valuable.
Persons: Richard Galanti, King Charles III, , , Galanti Organizations: New, New York CNN, Costco, CNN, Federal Reserve, Treasury Locations: New York
One Leafy Green Needs Refrigeration to Prevent E.Coli
  + stars: | 2024-03-04 | by ( March | At A.M. | ) www.usnews.com   time to read: +4 min
By Dennis Thompson HealthDay ReporterHealthDayMONDAY, March 4, 2024 (HealthDay News) -- Salad lovers, take note: Lettuce is more vulnerable to E. coli contamination than other leafy greens, researchers report. Other leafy greens – spinach, kale and collards – are more resistant to E. coli, a bacteria with toxic strains that can cause severe stomach cramps, bloody diarrhea and vomiting. On kale and collards, E. coli grows slower in warmer temperatures, but can survive longer under refrigeration, researchers found. People can protect themselves by rinsing lettuce, Dong said, although she warned that E. coli bacteria tend to attach themselves tightly to lettuce leaves. Consumers also should store their lettuce in the fridge and pay attention to any food safety recalls involving leafy greens, researchers said.
Persons: Dennis Thompson, , Mengyi Dong, Dong, ” Dong, , Coli, Pratik Banerjee, ” Banerjee Organizations: Microbiology, Duke University in, University of Illinois, USDA, Mayo Clinic Locations: Duke University in Durham, N.C, Urbana, Champaign, University of Illinois Urbana, , U.S
The organza shirt is available on Mishra's website, but customers must request the official cost — suggesting a hefty price tag. That night, both Zuckerberg and Chan wore different outfits designed by Mishra, who shared photos of the occasion on his Instagram Stories. Chan wore a two-piece outfit decorated with nature-themed adornments like two gold birds. The prices of many items on Mishra's website are only available upon request. Chan wore a purple saree with small floral designs sewn into the fabric, while Zuckerberg wore a beige-colored ensemble with leaf designs.
Persons: , Ambani, Anant Ambani, Radhika Merchant, Anant, Mukesh Ambani, Rihanna, Zuckerberg, Chan, Alexander McQueen, Rahul Mishra, Mishra, Mark Zuckerberg, Priscilla Chan, Rahul Mishra's Instagram, weren't Organizations: Service, Bloomberg, Business, Vogue Locations: Gujarat, India, Asia
This is how collard greens have always been prepared in my family, often picked by my grandfather from his garden after carefully considering each bunch. There are few items as closely associated with a singular cuisine as collard greens are with the cuisine of Black Americans. Chef and cookbook author Adrienne Cheatham shows how to make a delicious salad using collard greens. With this wealth of health-supporting benefits, it’s a wonder collard greens don’t show up on the table more often, and in more ways. It wasn’t that long ago that kale was also relegated to preparations similar to traditional collard greens.
Persons: Adrienne Cheatham, James Beard, collard, CNN Collard, Sarah Zorn, Clarkson Potter Organizations: CNN, Tufts University, Stanford Medicine Locations: Black
Dorm door decorations are emerging as the next battleground in the fight over academic freedom and free speech at Barnard College. As at many schools, Barnard students often use their dorm doors to display a bit of personality. “Zionism is terrorism,” one student’s door sticker said. Concerned that some students might feel intimidated by such messages, the Barnard administration has decided to enforce a ban on dorm door decorations altogether. Their removal was set to begin on Thursday, and all but “official items placed by the college” will be taken down, Leslie Grinage, the dean of the college, wrote in an email to students.
Persons: Barnard, , Leslie Grinage Organizations: Barnard College Locations: Gaza
A man leads a bull during a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. The announcement by the FSC highlighted steps that Korean authorities are taking to boost valuations of stock markets in Asia's fourth-largest economy. The country's stock markets are often considered undervalued by analysts, who refer to the phenomenon as the "Korea discount." The FSC said it will also introduce the "Korea Value-up Index" for institutional investors, including pension funds. "ETFs that track the Korea Value-up index will also be listed to facilitate retail investors' access to these companies," according to the statement.
Organizations: South, Korea Exchange, Financial, Commission, FSC, Nikkei Locations: South Korea, Korea, Seoul, Asia's, Tokyo
US law enforcement officials have also been closely monitoring the incident to determine if a federal crime was committed, a senior US official familiar with the matter told CNN. Tom Brenner/ReutersA longtime political consultant, Kramer worked for Kanye West’s 2020 presidential bid and has a history of producing robocalls. Phillips’ campaign said it had no knowledge of his reported involvement with the AI Biden call. He said that Kramer told him to delete all of the emails between the two of them, and that he did. As figures at the center of American political scandals go, Carpenter is certainly “eccentric” – a word he uses to describe himself.
Persons: Paul Carpenter –, , Joe Biden’s, Carpenter, Dean Phillips, Biden, , “ I’m, Steve Kramer, Phillips, Kramer, Carpenter’s, Biden’s, Tom Brenner, Kanye, Phillips ’, robocalls, ” Phillips, Katie Dolan, ” Dolan, Hank Sheinkopf, Sheinkopf, CNN’s Jake Tapper, “ I’d, , who’s, Donald Trump, Sen, Lindsey Graham of, ” Carpenter, he’s, didn’t, Bruce Kramer, Brandon Kizy –, Paul Carpenter, CNN “ Paul, Paul, ” Kizy, Hany Farid, we’ve, ” Liz Purdy, I’d, “ I’ve, ” CNN’s Alison Main, Allison Gordon, Isabelle Chapman, Yahya Abou, Ghazala Organizations: CNN, New, Minnesota Rep, Democratic, NBC News, Commission, Reuters, South, Republican, University of California Berkeley Locations: Orleans, New Hampshire, Texas, New York, Pennsylvania, South Carolina, Minneapolis, New Orleans, Lindsey Graham of South Carolina
Zillow determined that a family earning a median household income of $6,640 per month can expect to allocate $1,984 of that to childcare. It all adds up to a costly reality that's making the American dream of homeownership seem farther out of reach for parents than ever before. Based on the study, a new buyer household in the United States, making the median income, would spend 30% of it on housing. The upshot: Another group, less encumbered financially, appears better poised to realize the dream of homeownership: "DINKS," an acronym that stands for "dual income, no kids." "I paid $1,750 for rent in a crappy little apartment in California," Crossan told BI earlier this year.
Persons: , Zillow, DINKS, Elizabeth Johnson, Johnson, Bartie Scott, Juliana Kaplan, Janelle Crossan, Crossan, Pengyu Cheng, Cheng Pengyu Cheng, Cheng Organizations: Service, US Department of Labor, Federal, Consumer Locations: Women’s, Los Angeles, San Diego, United States, Swiss, snorkeled, Hawaii, Canada, New Braunfels , Texas, Costa Mesa , California, California, Austin , Texas, Texas, San Francisco
Salt Bae's restaurant in London said it cuts heating during peak hours. AdvertisementThe Nusr-Et Steakhouse in London said it cuts heating during peak hours to save money despite posting a profit, The Guardian reported. The group said in its accounts that to improve energy efficiency, its London steakhouse had turned "off central heating after closing or during peak hours when heating demand is lower," The Guardian reported. D.Ream International, the parent company of the Nusr-Et group, did not immediately respond to a request for comment from Business Insider. Despite the financial success of Gökçe's London steakhouse, his brand has taken a hit in recent years.
Persons: , Nusret, Bae —, it's Organizations: Service, Guardian, London steakhouse, Companies House, D.Ream, Business Locations: London, Turkish, Knightsbridge, Manhattan
On Jan. 8, 2020, as I was parking my car, I got a long-awaited phone call from one of my son’s doctors. She informed me that our 7-month-old son, Eliot, had Duchenne muscular dystrophy, a fatal neuromuscular disease. I can see my neighbor walking up her steps with groceries, a leaf falling, oblivious to the devastation below. It is caused by a genetic mutation on the X chromosome, thus the disease almost exclusively affects boys (one in 3,300). lose muscle mass and thus the ability to do basic things like run and walk.
Persons: Eliot, Joan Didion, D.M.D, Jerry Mendell Organizations: Nationwide Children’s Hospital, D.M.D Locations: Columbus , Ohio
WASHINGTON (AP) — The Senate's border proposal was one of the toughest bipartisan bills to emerge on the issue in decades. Republicans have campaigned on border security for years, and public frustration is running high with the record number of illegal U.S. border crossings. Cruz’s likely Democratic opponent, Texas Rep. Collin Allred, said he’s already talking about the border deal on the campaign trail. Murphy agreed that Democrats should remain committed to broad immigration reforms, including pathways to citizenship for migrants who are already here. But he argued that may only be possible once Democrats first show voters they are serious about tough border enforcement.
Persons: , Donald Trump, Chuck Schumer, , Tom Suozzi, Schumer, New York “, Joe Biden, Biden, Sen, John Cornyn, Republicans aren’t, , Suzan, ” Schumer, Mike Johnson, ” Trump, He's, Republican Sen, James Lankford, Trump, Ted Cruz, Cruz, Mitch McConnell, Cruz’s, Collin Allred, he’s, ” Allred, doesn’t, Lois Clinco, “ I’m, Clinco, Connecticut Sen, Chris Murphy, Ro Khanna, ” Khanna, John F, Kennedy, Barack Obama, Todd Schulte, Murphy, Lisa Mascaro, Philip Marcelo Organizations: WASHINGTON, Republican, Republicans, Democratic, Texas Republican, Trump, Washington Democrat, Border Patrol, Democrats, Texas, Texans, New, New York City —, Rep, California Democrat, Associated Press Locations: New York, Texas, South Carolina, Long, Levittown, New York City, Connecticut, United States, California, America, Levittown , New York
This led them to Ilsenhöhle cave in Ranis, Germany, one of several sites across Northwestern Europe where LRJ artifacts have been found. AdvertisementMining ancient DNAWhen they excavated the cave, the researchers uncovered more than just LRJ artifacts — they came upon tiny bone fragments, too. AdvertisementTo that end, they extracted DNA, which confirmed the bones belong to Homo sapiens, providing strong evidence that they were responsible for the LRJ artifacts. According to their data, Homo sapiens were present in Ranis 47,500 years ago — thousands of years earlier than previously thought. Geoff M. SmithQuestions remain about how warm-weather-adapted Homo sapiens survived such a dramatic transition.
Persons: , Josephine Schubert, sapiens, , Jean, Jacques Hublin, Hublin, Tim Schüler, Max Planck, ” Hublin, Dorothea Mylopotamitaki, Homo sapiens, Marcel Weiss, “ It’s, sapien, Geoff M, Smith, Geoff Smith, Organizations: Service, Business, Burg, College of France, Max, Max Planck Institute, University of Kent Locations: Ranis, Europe, Germany, Northwestern Europe, Western Europe, Africa, Scandinavia, Siberia
Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.
Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo
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