Finance

KKR raises $6.5 billion for asset-backed financing

KKR raises $6.5 billion for asset-backed financing

(Reuters) -Investment giant KKR said on Wednesday it had raised $6.5 billion to provide asset-backed financing, as companies and investors seek out credit alternatives beyond traditional loans. A...

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Housing contract activity slumped again in June as buyers remain priced out

Housing contract activity slumped again in June as buyers remain priced out

Home contract signings slumped more than expected in June, the latest sign that the housing market is still essentially frozen. The Pending Home Sales Index slumped 0.8% from May and 2.8% from a y...

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Wells Fargo joins Wall Street chorus in lifting S&P 500’s annual target

Wells Fargo joins Wall Street chorus in lifting S&P 500’s annual target

(Reuters) -Wells Fargo Investment Institute on Wednesday became the latest Wall Street research house to lift its year-end target for the S&P 500 index, citing tariff delays and strong corpor...

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Is the Fed likely to finally cut interest rates at this week’s meeting?

Is the Fed likely to finally cut interest rates at this week’s meeting?

During a meeting last week between President Trump and Federal Reserve Chair Jerome Powell, the president sought to underscore what he said is a “very simple” request: “Interest ...

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Trump says Powell must lower interest rates ‘now’ following GDP uptick

Trump says Powell must lower interest rates ‘now’ following GDP uptick

President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed chairman Jerome Powell must “now” lower rates. The...

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Mercedes-Benz pauses EV deliveries to the US as demand falters

Mercedes-Benz pauses EV deliveries to the US as demand falters

By Alessandro Parodi and Amir Orusov (Reuters) -Mercedes-Benz will pause deliveries of its EQ electric range to the United States, the carmaker said on Wednesday as it responded to slowing demand...

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