The Blackstone Long-Short Credit Income Fund (BGX) has been downgraded to a sell rating due to concerns over its unsustainable dividend payouts and ongoing net asset value (NAV) erosion. BGX currently trades at a 12% discount to its NAV, reflecting market worries about its heavy exposure to software stocks and below-investment-grade credit risks. The fund's 7.7% yield is not supported by its net investment income, which risks further declines in NAV. Additionally, management has not effectively used its short strategy, reducing the fund's ability to defend against rising interest rates and sector challenges.
Mondelēz International's Board of Directors announced a regular quarterly dividend of $0.50 per share of Class A common stock. The dividend will be paid on July 14, 2026, to shareholders recorded by June 30, 2026. This move reflects the company's ong...
Newsweek announced the 2026 honorees for its fifth annual World’s Greatest Auto Disruptors awards, recognizing leading innovators and companies transforming the automotive industry. Winners include legacy manufacturers like Mercedes-Benz and BMW, and...
ADT Inc. introduced ADT Blu, a self-installed home security system that customers can set up quickly and manage via the ADT+ app. It offers flexible, modular security options without long-term contracts, combining convenience with integrated protecti...
State Street Global Advisors & Affiliates purchased 3,532 ordinary shares of DCC plc on May 19, 2026, at a price of €59.90 per share. This transaction increased their total holding to 1,189,358 shares, representing 1.3923% of the company's shares. Th...
Stellantis and Dongfeng signed a non-binding Memorandum of Understanding to create a Europe-based joint venture focused on sales, distribution, and engineering of Dongfeng's new energy vehicles (NEVs). The JV, majority-owned by Stellantis, will launc...
