Horizon, a company offering tailored investment and technology solutions to financial advisors, is introducing two new actively managed ETFs:?Horizon Core Bond ETF? and?Horizon Flexible Income ETF?. This expansion continues the company?s growth in its fast-growing ETF family.
Elon Musk?s?AI venture,?xAI, is reportedly on the brink of securing?a $5 billion debt raise, led by?Morgan Stanley, despite modest investor interest. What Happened:?The $5 billion debt offering?comprising a floating-rate term loan, a fixed-rate loan, and secured bonds?is scheduled to be allocated to investors on Wednesday, reported Reuters, citing sources.
GameStop's (GME) stock took a sharp hit on Thursday, falling 22% to $22.12 by midday Eastern Time, following the announcement that it plans to issue $1.75 billion in convertible senior notes. What Happened: The notes, which won't carry regular interest, are aimed at "general corporate purposes," according to the company's blog post.
Rivian Automotive, Inc (RIVN) stock traded lower Monday by about 2.86% after the electric vehicle company announced plans to offer $1.25 billion in senior secured green notes due 2031 in a private offering. The EV manufacturer plans to use the offering proceeds and cash on hand to redeem $1.25 billion of outstanding floating rate senior secured notes due 2026 and pay related fees and expenses.
DoorDash, Inc. (DASH) shares are trading slightly lower on Tuesday. The company is initiating a significant capital raise as part of its efforts to preserve financial flexibility and support future strategic initiatives. The food delivery company has announced plans to issue $2 billion in convertible senior notes due in 2030 through a private offering to qualified institutional investors.
Moody's Ratings downgraded the United States' long-term credit rating from Aaa to Aa1 and changed its outlook from "negative" to "stable." ?. The move marks the loss of the United States' last remaining top-tier rating from the three major credit agencies, as Moody's joins Fitch and S&P Global in grading the U.S. below the highest "triple-A" level.
BitMEX co-founder Arthur Hayes has predicted that Bitcoin could reach $250,000 by the end of 2025. He cites the Federal Reserve's pivot toward purchasing more US Treasury bonds and a broader return to fiscal dominance as primary catalysts for a new Bitcoin bull cycle.
With U.S. markets in turmoil, the Oracle of Omaha is once again turning his gaze eastward, with Berkshire Hathaway Inc. planning a new round of Yen-denominated bonds, which it plans to invest primarily in five Japanese trading companies, in which it already maintains a sizable position.
BlackRock Inc (BLK) broadened its fixed-income lineup with two new target maturity ETFs. The iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and the iShares iBonds Oct 2035 Term TIPS ETF (IBIL) blend the features of conventional bonds with the convenience of stock-like trading. Both IBCA and IBIL, which launched Wednesday, can be useful parts of a bond ladder strategy.
As GameStop Corp. (GME) has announced a convertible bond offering to acquire Bitcoin , mirroring Strategy Inc.?s plan, experts explain why investors would buy a bond with a 0% coupon.
MicroAlgo Inc (VENAF) shares are trading higher by 13.2% to $12.15 during Tuesday?s session. What To Know: MicroAlgo (VENAF) on Monday announced plans to issue new shares to fulfill its $20 million convertible bond agreement, signed on October 7, 2024. Creditors have formally requested share issuance at $0.80 per share to settle the debt. Read Also: What?s Going On With Oklo Stock Today?
MicroAlgo Inc (VENAF) shares are trading higher by 260% to $9.11 during Monday?s session after the company announced a?$20 million?offering. What To Know: MicroAlgo (VENAF) announced plans to issue new shares to settle a $20 million convertible bond agreement made on October 7, 2024. Creditors have requested the company to issue shares at $0.80 per share to repay the debt, in line with the agreement terms.
Best Buy Co Inc (BBY) shares were rising on Wednesday, after the company reported upbeat fourth-quarter sales. The results came in amid an exciting earnings season. Here are some key analyst takeaways. Analyst Kate McShane reaffirmed a Buy rating while reducing the price target from $106 to $101. Best Buy (BBY) reported mostly better-than-expected fourth-quarter results, McShane said in a note.
Meet the Infrastructure Capital Bond Income ETF (BNDS) ?a new player in the fixed-income space designed to deliver high current income with a side of capital growth. The ETF, launched Jan. 15, focuses on corporate bonds but also dips into municipal and government bonds, offering a diverse mix.
Bitcoin?s levered play MicroStrategy Inc (MSTR) could face the risk of redemption on its 0% convertible debt upon the occurrence of unforeseen events breaching the covenants governing these notes despite the bonds being an unsecured, senior obligation.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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