US Treasury Secretary Scott Bessent met with insurance regulators to talk about their exposure to private credit as the increasingly complex ties between the two sectors fuels mounting regulatory scrutiny. The meeting Thursday with the National Association of Insurance Commissioners , a standard-setting body composed of state insurance regulators, also focused on the off-shoring of life insurance ...
US Treasury Secretary Scott Bessent met with insurance regulators to talk about their exposure to private credit as the increasingly complex ties between the two sectors fuels mounting regulatory scrutiny. The meeting Thursday with the National Association of Insurance Commissioners , a standard-setting body composed of state insurance regulators, also focused on the off-shoring of life insurance and annuities reserves through reinsurers, the Treasury Department said in a statement. “We appreciated the opportunity to meet with Secretary Bessent and share how state insurance regulators are leveraging effective oversight and enhancing risk-mitigation frameworks to promote stable markets and deliver strong outcomes for consumers,” NAIC President-Elect Elizabeth Dwyer said in a separate statement. In recent years, alternative asset managers led by Apollo Global Management Inc. have acquired a growing share of the US life insurance industry, as they seek to tap the sector’s stable capital to invest more in the private credit products they originate. At the same time, insurers have used offshore reinsurance, in jurisdictions such as Bermuda and the Cayman Islands, to relieve pressure on their capital requirements. As the two industries become more intertwined, critics have voiced concerns that it could create systemic risks. “Treasury and the state insurance commissioners agreed to continue staff- and senior-level engagement on topics including the NAIC’s work on risk-based capital, private letter ratings, offshore reinsurance jurisdictions, and the oversight of evolving business models,” the Treasury Department said.
In this article MCD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:03 02:03 Why McDonald's bets big on China Digital Original Even as numerous international consumer brands shrink their footprints in China, McDonald's is bucking the trend thanks to consumers like Yue Ma. Over the May Day holidays, Yue showed up at the U.S. fast food giant's newly opened McDonaldland store in Bei...
In this article MCD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:03 02:03 Why McDonald's bets big on China Digital Original Even as numerous international consumer brands shrink their footprints in China, McDonald's is bucking the trend thanks to consumers like Yue Ma. Over the May Day holidays, Yue showed up at the U.S. fast food giant's newly opened McDonaldland store in Beijing's Chaoyang Park — one of the few stores countrywide that reintroduced the chain's classic strawberry and vanilla milkshakes on May 1. The businessman, who was born in the 1980s, told CNBC he came not only for the shake, but also the childhood memories. "McDonald's left a great first impression for those eating Western fast food for the first time," he said. "Nowadays we have so many options in fast food, Western or Chinese, but for me, 70% of the time, I go to McDonald's." While brands like Starbucks, Nike, and LVMH struggle in the country, McDonald's is supersizing its presence. The chain plans to have 10,000 stores in mainland China by 2028, from over 7,700 at the end of 2025. Only the U.S. has more McDonald's stores than China. Pedestrians use smartphones while walking past a McDonald's restaurant at Dongmen Pedestrian Street on April 18, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images The market is a big source of the company's unit growth. Half of its new stores last year were in mainland China. The China business is part of what the U.S. company calls its international developmental licensed markets segment, where same-store sales rose 3.4% in the first quarter, McDonald's reported Thursday . A majority, or 52%, of McDonald's China business is owned by Chinese investor Trustar, a private equity unit of Citic Capital. The McDonald's brand benefits from nostalgia in China. The country's first McDonald's opened in 1990, and the iconic golden arches captured the excitement of China's opening to the world and rising wealth. Last summer, when McD...
In this article .VIX Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. Spencer Platt | Getty Images The Iran war has triggered big swings in the stock market since the conflict started more than two months ago. While sharp selloffs in stocks can be unsettling, they offer a silver lining to investors, fin...
In this article .VIX Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. Spencer Platt | Getty Images The Iran war has triggered big swings in the stock market since the conflict started more than two months ago. While sharp selloffs in stocks can be unsettling, they offer a silver lining to investors, financial advisors and other experts said. "Every drawdown is a useful stress test," Kevin Khang, senior global economist at Vanguard Group, an asset manager, wrote in an April 22 market commentary . Namely, the "discomfort" that investors feel reveals important information about their risk tolerances — something that "a calm market simply does not provide," Khang wrote. Read more CNBC personal finance coverage Used EV sales are surging — how their ownership costs compare to gas cars Trump said $465,000 in retirement savings is 'rich.' Is it? New college grads overestimate starting salaries by nearly $24,000, report finds Should you buy Series I bonds amid higher inflation? What experts say CNBC's Financial Advisor 100: Best financial advisors, top firms ranked That information can help guide investors' overall mix of stocks, bonds and other financial assets in a portfolio. For example, if a significant dip prompts behavior such as portfolio reviews or "restless nights, that's meaningful insight — not because this drawdown was particularly dangerous, but because the emotional signal it provides can help investors tailor portfolio allocations to their comfort zones," Khang wrote. The S&P 500 U.S. stock index shed about 9% from a Jan. 27 closing price peak to the March 30 trough, following the initial weeks of the Iran war. They've since gone on to recover their losses and reach new all-time highs, even though the Middle East conflict is ongoing. Stocks retreated from record highs as of 2:30 pm ET on Thursday as investors waited for Iran's response to a U.S. proposal to end the ...
A man accused of a firebomb attack that killed one person and injured a dozen others while they were demonstrating in Boulder, Colorado, in support of Israeli hostages in Gaza has pleaded guilty to murder and other charges. Mohamed Sabry Soliman entered the pleas on Thursday in Boulder County District Court. He now faces life in prison without the possibility of parole in the attack in downtown Bo...
A man accused of a firebomb attack that killed one person and injured a dozen others while they were demonstrating in Boulder, Colorado, in support of Israeli hostages in Gaza has pleaded guilty to murder and other charges. Mohamed Sabry Soliman entered the pleas on Thursday in Boulder County District Court. He now faces life in prison without the possibility of parole in the attack in downtown Boulder on June 1. Soliman’s lawyers revealed he would plead guilty in a Sunday court filing in a...
Wada looking into allegations relating to Rusada chief IOC recommends lifting of ban on Belarusians competing Russia’s return to international sport has been delayed following allegations that its head of anti-doping was involved in covering up drug test results at the 2014 Sochi Winter Olympics. While the International Olympic Committee said on Thursday that athletes from Belarus should now be fr...
Wada looking into allegations relating to Rusada chief IOC recommends lifting of ban on Belarusians competing Russia’s return to international sport has been delayed following allegations that its head of anti-doping was involved in covering up drug test results at the 2014 Sochi Winter Olympics. While the International Olympic Committee said on Thursday that athletes from Belarus should now be free to compete under their own flag and anthem, it admitted it still had “concern” over Russia. Continue reading...
Sean O'Hara, president of Pacer ETFs, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Pacer Nasdaq International Patent Leaders ETF (ticker: PATN), which has a total return exceeding 70% since its launch in 2024. (Source: Bloomberg)
Sean O'Hara, president of Pacer ETFs, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Pacer Nasdaq International Patent Leaders ETF (ticker: PATN), which has a total return exceeding 70% since its launch in 2024. (Source: Bloomberg)
格隆汇5月8日｜知情人士称，苹果(AAPL.O)配备摄像头的AirPods开发已进入后期阶段，这将是其首款专为人工智能时代打造的穿戴设备，也是该产品研发的一个重要里程碑。据知情人士透露，原型产品已接近最终设计和功能，依靠摄像头感知环境并提供信息，目前处于高级测试阶段。苹果希望借AirPods成功之势进军AI硬件领域。摄像头为Siri充当“眼睛”，不用于拍照或录像，能够以低分辨率捕捉视觉信息。外观与AirPods Pro 3相似，仅耳机柄略长以容纳摄像头。苹果曾计划今年上半年发售，但因新版Siri推迟而延期。目前新版Siri预计9月推出。
Torsten Asmus/iStock via Getty Images Introduction Grayscale Bitcoin Trust ETF ( GBTC ) was one of the first Bitcoin investment vehicles, launching as a private trust in 2013. When it started trading publicly in 2015, it became the first major widely accessible vehicle
Torsten Asmus/iStock via Getty Images Introduction Grayscale Bitcoin Trust ETF ( GBTC ) was one of the first Bitcoin investment vehicles, launching as a private trust in 2013. When it started trading publicly in 2015, it became the first major widely accessible vehicle
Maital Legum, head of ETF solutions at Teucrium, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the development of exchange traded products as US stocks hit record highs. (Source: Bloomberg)
Maital Legum, head of ETF solutions at Teucrium, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the development of exchange traded products as US stocks hit record highs. (Source: Bloomberg)
Well, that escalated quickly. This morning started with champagne-popping vibes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq- 100 indexes both touched fresh all-time highs. The Dow Jones Industrial Average (DJINDICES: ^DJI) lagged behind, but it did start Thursday morning's action on a mildly bullish note. By early afternoon, the party was over, and all three major indexes were firmly in the red. C...
Well, that escalated quickly. This morning started with champagne-popping vibes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq- 100 indexes both touched fresh all-time highs. The Dow Jones Industrial Average (DJINDICES: ^DJI) lagged behind, but it did start Thursday morning's action on a mildly bullish note. By early afternoon, the party was over, and all three major indexes were firmly in the red. Continue reading
Andrii Dodonov Shares of Zealand Pharma ( ZLDPF ) closed ~9% higher in Denmark after the Danish biotech announced a share buyback program to repurchase nearly $200M (DKK 1.3B) worth of its stock over the next five months. The obesity drug developer has appointed
Andrii Dodonov Shares of Zealand Pharma ( ZLDPF ) closed ~9% higher in Denmark after the Danish biotech announced a share buyback program to repurchase nearly $200M (DKK 1.3B) worth of its stock over the next five months. The obesity drug developer has appointed
Earnings Call Insights: Trex Company (TREX) Q1 2026 Management View "Before turning to the quarter, I want to acknowledge my first earnings call as CEO of Trex" (CEO, President & Director Adam Zambanini). "I approach this role focused on continuity, execution and accelerating the strategy already in
Earnings Call Insights: Trex Company (TREX) Q1 2026 Management View "Before turning to the quarter, I want to acknowledge my first earnings call as CEO of Trex" (CEO, President & Director Adam Zambanini). "I approach this role focused on continuity, execution and accelerating the strategy already in