News from October 2024


Uber announces nationwide launch to enhance driver safety

Uber launched several new safety features nationwide in an effort to improve the protection and security of its drivers and couriers. Many new features had successful pilot programs in select areas before being unveiled nationwide.

California's insurance market faces challenges amid rising costs and outdated regulations

State Farm, a prominent insurer in California since 1928, is navigating the state's challenging insurance market. The company supports California's Sustainable Insurance Strategy and efforts by the California Department of Insurance (CDI) to implement it.

Gasoline prices drop amid global tensions and domestic challenges

Despite challenges both domestically and internationally, the national average price for a gallon of gasoline has decreased by three cents to $3.19. The recent impact of Hurricane Helene did not significantly affect gasoline supply but reduced demand in affected areas due to infrastructure damage and power outages. Public electric vehicle charging costs have remained stable.

Nuveen Real Assets Head of Strategic Insights: 'The macroeconomic environment is coming into a supportive period for real assets'

Abigail Dean, Global Head of Strategic Insights for Nuveen Real Assets said that demand for real assets is increasingly driven by megatrends like urbanization and energy needs. With inflation stabilizing and interest rates holding steady, she sees this as an opportune moment for investors to reenter the market, as corporate prices may be at a low point while natural capital shows continued value gains.

CEO of Arrow Global: 'You can invest in credit at higher rates and still sit at the top of the security waterfall'

Private credit is increasingly shaping the financial landscape, propelled by macroeconomic shifts, regulatory changes, and technological advancements. As interest rates remain high, private credit has become an attractive option for investors looking for higher returns and senior positions in security structures, especially compared to traditional equities.

US private credit expands to nearly $2 trillion amidst changing financial landscape

On September 24, McKinsey & Company reported that the U.S. private credit market has grown to nearly $2 trillion. The report highlights a shift toward nonbank lending, reshaping the financial landscape as banks withdraw from leveraged lending.

Prime Big Deal Days is Oct. 8-9

Amazon Prime members will have access to millions of early holiday deals on Oct. 8 at 12:01 a.m. when Prime Big Deal Days starts, according to a Sept. 16 news release from Amazon.

Northern Kentucky’s GO Pantry receives $50,000 donation from Amazon Air Hub

Amazon Air Hub associates delivered a $50,000 donation and helped to stock the Northern Kentucky pantry’s warehouse in an event on Sept. 24. Go Pantry In a volunteer event Sept. 24, according to a press release about the event.

E*TRADE releases monthly sector rotation study on S&P 500

E*TRADE from Morgan Stanley has published its monthly sector rotation study, which analyzes the buying and selling behavior of its customers in relation to stocks within the S&P 500 sectors. This data provides insights into customer trends based on notional net percentage buy/sell activity.

Amazon hosts volunteer event at GO Pantry, give $50,000 donation

In a volunteer event Sept. 24, Amazon donated $50,000 to GO Pantry northern Kentucky, to support the food pantry's efforts to lessen food insecurity for children and youths in the community, according to a press release about the event.

Amazon donates school supplies to local schools

Delivery service professionals across the US and Canada have donated and delivered a variety of school supplies to students across the country, including Indiana, Ohio, and Kentucky.

TJC closes second continuation fund at $2.1 Billion led by AlpInvest

TJC LP, a middle-market private equity firm focused on North American businesses, has announced the closure of its second continuation fund at $2.1 billion. This fund extends The Resolute Fund III, L.P. and includes an asset jointly owned with The Resolute Fund IV, L.P.