Arista Networks (NYSE:ANET) dropped 9% by the close of market action on Friday, despite revealing higher-than-expected guidance during its Analyst Day event on Thursday. Analysts and investors were mostly impressed with Arista's business update. Goldman Sachs reiterated its Buy rating ...

Core Viewpoint - Brompton Funds Limited has proposed a merger of the Symphony Floating Rate Senior Loan Fund into the Brompton Wellington Square Investment Grade CLO ETF, with the ETF being the continuing fund, and a special meeting will be held for unitholders to vote on this proposal [1][8]. Fund Merger Details - The merger will involve exchanging class A and class U units of the Fund for CAD and USD units of the ETF, respectively, based on their net asset values [2]. - The ETF aims to provide high monthly income and capital preservation through investments in primarily investment grade rated collateralized loan obligations (CLOs) [3]. Investment Quality and Management - The average credit rating of the Fund's current portfolio is B+, while at least 75% of the Continuing Fund's portfolio will be in Investment Grade CLOs, which are less likely to default [5]. - The management fee for the Continuing Fund will be reduced from 1.25% to 0.60%, and the management expense ratio (MER) is expected to decrease from 2.29% to less than 0.75% per annum [5]. - The Continuing Fund will not engage in borrowing, which is expected to further reduce costs and volatility [5]. Distribution and Trading Benefits - The current distribution rate of the Fund is 7.26%, and the Continuing Fund will maintain a focus on high monthly income distributions [5]. - The merger is expected to reduce the bid/ask spread significantly, leading to lower effective costs for investors [5][12]. - Post-merger, the Continuing Fund is anticipated to trade closer to its NAV, improving trading liquidity and allowing for large volume transactions without significantly affecting market prices [12]. Meeting and Implementation - A special meeting for unitholders to vote on the merger will be held on November 17, 2025, with an accelerated annual redemption option expected on December 30, 2025, if approved [7][8].

The conglomerate's next CEO will have massive shoes to fill.Berkshire Hathaway (BRK.A -0.55%) (BRK.B -0.59%) was once an ordinary textile maker before Warren Buffett took over the company in 1965 and grew it into a massive conglomerate. Along the way, he generated truly remarkable gains for its long-term investors. Over those decades, its stock surged by just over 5,520,000% through the end of 2024, while the total returns from the benchmark S&P 500 (including reinvested dividends) were about 39,000%.Under ...

Labor Market Overview - The August jobs report indicates a significant slowdown in hiring, with only 22,000 jobs added, falling short of expectations of 75,000 to 78,000 [2][3] - The unemployment rate has risen to its highest level since 2021, reflecting a concerning trend in the labor market [1][3] Economic Implications - The weak job growth has led to increased expectations for Federal Reserve rate cuts, with a strong likelihood of a quarter-point cut in September and potential cuts in October and December [4][10] - The overall economic outlook appears to be stalling, raising concerns about the potential for a recession [5][6] Sector Performance - There is notable weakness in goods-producing sectors, particularly manufacturing and construction, which have seen job losses in recent months [7][16] - Conversely, healthcare and social assistance sectors have shown strength, adding 46,800 jobs, driven by an aging population requiring more services [15][16] Market Reactions - The market's response to the jobs report has been mixed, with investors uncertain about the implications of weak job growth on the economy and Fed policy [4][5] - Investors are advised to be cautious in their reactions to job reports, as market volatility can occur following significant economic news [17][18]

Group 1 - Itafos Inc. will participate in the Annual Smallcap Discoveries Conference in Vancouver on September 29, 2025, where CEO David Delaney will present the Company's recent results and long-term strategies [1] - The conference will include company presentations, keynote sessions, and one-on-one meetings, aimed at connecting engaged investors with select Canadian growth companies [2] Group 2 - Itafos is a phosphate and specialty fertilizer company headquartered in Houston, Texas, trading on TSX-V under the ticker "IFOS" and on OTCQX under "ITFS" [3] - The principal shareholder of Itafos is CL Fertilizers Holding LLC, an affiliate of the global private investment firm Castlelake, L.P. [3] Group 3 - Itafos operates several projects, including: - Conda in Idaho, US, with a production capacity of approximately 550kt per year of monoammonium phosphate (MAP) and related products, and 27kt per year of hydrofluorosilicic acid (HFSA) [5] - Arraias in Tocantins, Brazil, with a production capacity of approximately 500kt per year of single superphosphate (SSP) and 40kt per year of excess sulfuric acid [5] - Farim, a high-grade phosphate mine project located in Farim, Guinea-Bissau [5] - Santana, a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil [5]

But joining us now to talk about Apple and tech overall is Gene Muner from Deep Water Asset Management. Gan, it's great to have you on. And let's start right there.Hello. Big week for Apple. What were your takeaways.Well, Morgan, I just first that clip you just realized what a great salesperson Tim Cook is. I remember back when uh Steve was with us and he would just be the master and people said uh you know Tim just could never be that salesperson. So uh fun to see uh Tim over the years evolve into that rol ...

Finishing up almost 2% this week, its longest winning streak since July 28th. Could the market keep climbing next week when the Fed is expected to cut rates. Or will this be a sell the news event.Well, let's bring in Pay Capital Management uh senior wealth adviser and CNBC contributor Courtney Garcia and 314 Research co-founder Warren Pies. It's great to have you both here. Warren, I'm going to kick off with you with that question.Is next week a sell the news event if the market's already expecting a 25 bas ...

Joining me now here at the Goldman Sachs Communicopia and Technology Conference, Mark Beni off, the CEO, chairman, and co-founder of Salesforce. It's so great to speak with you. Oh, I'm really happy to be here with you.Me, too. So, you just got off the stage. You just presented.Um, I want to start I want to start with agent force because this seems to be the area where investors are particularly focused right now. Certainly seeing a lot of momentum. We saw that last week in earnings.Uh, how how quickly does ...

The U.S. stock market experienced a mixed day on Friday, September 12, 2025, with technology stocks largely driving gains, while broader indexes showed varied performance. This comes as investors eagerly anticipate the Federal Reserve's upcoming interest rate decision next week, with strong expectations for a rate cut. Despite a somewhat uneven session, all three major U.S. indexes are poised to conclude the week with gains, marking one of Wall Street's best weekly performances in the last five.Market Index ...

Both the tech-heavy Nasdaq and the broader S&P 500 posted weekly gains of more than 1% ahead of the Fed's decision on the benchmark interest rate. ...