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Credit Investors Should Focus on Cashflows, Lender Protections — Market Talk

Credit investors should pay attention to underlying economic risks rather than dwelling on credit labels like public bond, direct loan, leveraged loan and so on, BlackRock Investment Institute say in a note. Factors such as recurring cashflow and lender protections are more accurate metrics, they s…

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U.S. Job Openings and Hires Remained Stable in May

By Jessica CoacciU.S. job openings and hires held steady in May, according to a report from the Labor Department's monthly job openings and labor turnover survey.Available positions held steady at 7.6 million in May, unchanged from April. Meanwhile, the hiring rate held steady at 3.3% with about 5…

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Economy
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U.S. Consumer Sentiment Climbed in June, Conference Board Says

By Jessica CoacciConsumer confidence ticked up in June as moderating oil prices provided some relief to American households, a monthly survey from The Conference Board said.The research group said Tuesday its consumer confidence index rose to 91.2 in June from a downwardly revised 90.6 in May. Econ…

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Economy
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PetMed Express to Evaluate Revised Takeover Offer From SilverCape

By Kelly CloonanPetMed Express said it received and plans to evaluate a revised offer from SilverCape Investments, its largest shareholder, to acquire the company for $3 a share in cash.The online pet pharmacy said Tuesday it is prepared to engage with SilverCape over the proposal if the firm execu…

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