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Guggenheim Investments

All articles tagged with #guggenheim investments

business11 days ago•5 min saved

FBI seizes Mark Walter’s and Guggenheim executive’s phones ahead of Lakers sale

The FBI seized Mark Walter’s phone and Guggenheim Investments president Dina DiLorenzo’s phone amid a probe into Walter-controlled entities, months before Walter agreed to sell the Los Angeles Lakers to Josh Kushner and Bob Iger for $12.5 billion. Authorities are scrutinizing Guggenheim’s private-investments accounting and related-party transactions, with no charges announced as of now.

via New York Post|

#business #fbi #guggenheim-investments

finance2 years ago•2 min saved

Fed's Rate Cuts Make Bonds Attractive, No More Hikes Until Late Next Year

Guggenheim Investments predicts that the Federal Reserve will cut rates below 3% in response to a likely recession in the first half of 2024. They expect the Fed to reduce rates by around 150 basis points next year and more in 2025. Guggenheim recommends investors to look past the current bond market volatility and focus on higher-quality parts of the credit market, such as agency mortgage-backed securities and structured credit. The stock market rallied for a sixth straight session on Monday.

via MarketWatch|

#bonds #federal-reserve #finance