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How major US stock indexes fared Monday, 12/2/2024
Canada shares lower at close of trade; S&P/TSX Composite down 0.26%
If You're Not From The U.S., We Want To Hear Your Honest Thoughts On Trump, The Election, And American Politics In General
European buyout firm Permira is debuting its first deal in the $1 trillion US collateralized loan obligation market, as deals near an issuance record. The investment firm priced the $430.6 million deal on Friday, according to a person with knowledge of the matter. CLOs, the largest buyers of leveraged loans, repackage this debt into securities of varying risk and size. The offering, arranged by JPMorgan Chase & Co., is part of Permira’s effort to grow its footprint in the US through such vehicles, said the person, who asked not to be identified discussing private information. A representative for Permira declined to comment. Funds are issuing CLOs at near record levels, with almost $183 billion worth of deals in the US so far this year, according to data compiled by Bloomberg. That’s partly because risk premiums on CLO debt started tightening last year, kicking off a surge in transactions known as resets, which give managers of the debt more time to freely buy and sell loans. These funds are also catching up from late 2022 and 2023, when a drop in bond sales led to a slowdown in new vehicles. Permira also priced a roughly €400 million European CLO on Friday, the person said, marking its fifth such deal so far this year. It also has a warehouse open for European leveraged loans, according to data compiled by Bloomberg. Founded in 2008, Permira’s credit platform manages about €17 billion of assets. Its CLO strategy is run by its co-head of Permira Credit, Ariadna Stefanuscu. The firm is one of a few trying to push into the US market for CLOs and other structured deals. Hedge fund Arini and Sona Asset Management, both mostly based out of Europe, have hired staff either focused on US leveraged loans or CLO bonds this past year. In the US, hedge fund Chatham Asset Management also recently launched a CLO platform to dive into the market. This article was generated from an automated news agency feed without modifications to text.In today's rapidly advancing world of home security technology, the stands out as a versatile and innovative choice. Available now on at a stunning 76% discount, this smart camera promises to revolutionize the way you oversee your living space, whether for keeping an eye on pets, children, or ensuring general home safety. The most striking feature of the is its dual-lens technology. With one lens offering a 360° panoramic view and the other providing a fixed angle to eliminate blind spots, it ensures comprehensive coverage of any room. This intelligent design means you can stay updated on every activity without missing a moment. Another feature that sets this camera apart is its gesture and one-touch calling option. This function allows family members to easily press a button or make a simple gesture in front of the camera to communicate with you. It's a convenient way for elderly family members or young children to reach out instantly, adding peace of mind to your daily routine. Furthermore, the smart human motion tracking utilizes advanced AI detection for identifying humans, pets, and babies. This ensures precise monitoring by sending timely alerts directly to your mobile device via the Zosi Smart app. You can conveniently customize detection zones to focus on specific areas, giving you more control over your home security setup. Connectivity is a breeze with the dual-band WiFi support, accommodating both 2.4GHz and 5GHz frequencies for a stable and fast internet connection. Despite the need for a wired power source, the setup remains straightforward—just plug in and follow the app’s instructions. When it comes to storage solutions, the offers versatility. Choose between local storage with a micro SD card for continuous recording or opt for cloud storage, complete with a 30-day free trial. Such flexibility addresses various storage preferences, and the ability to share access with multiple users ensures that everyone in the family can stay informed and involved. In conclusion, the available on is not just a purchase; it's an investment into your home's security and your peace of mind. With features like dual-lens panoramic views, gesture calling, smart motion tracking, and flexible storage options, this discounted deal is hard to pass up. Visit today to elevate your home security experience.
Key posts 5.17am Paul Keating pockets $40m in Telstra deal 5.15am Road closures for Good Things music festival 4.55am Man jailed for stabbing police officer who put gun away Hide key posts Posts area Latest 1 of 1 Latest posts Pinned post from 5.27am Pub owner walks back Australia Day ban By Josefine Ganko In case you missed the first culture war of Australia Day 2025 on Monday, Australia’s second-largest hospitality group pledged not to celebrate the day , before backtracking after receiving a considerable response from Coalition politicians and punters. Liberal senator Jane Hume called the move “absolute nonsense”, while Nationals senator Matt Canavan called on the pub group to “drop the moral grandstanding”. Australian Venues Co, which operates 200 pubs and restaurants around the country, mostly in Queensland and Victoria, told staff at the weekend there would be no festivities to mark the national holiday in 2025. The ban would have affected pubs and hotels all over Brisbane and Queensland. Credit: Catherine Strohfeldt In a statement on Monday, a spokesman said issues had been raised by staff and patrons because of the “sadness” the day caused for some members of their community. But after the considerable media attention on the decision, Australian Venues Co walked back its decision, remarking that its original comments caused “concern and confusion”. “We sincerely regret that. Our purpose is to reinforce community in our venues, not divide it,” a spokesperson said. “It is not for us to tell anyone whether or how to celebrate Australia Day. We acknowledge that and we apologise for our comments. It certainly wasn’t our intention to offend anyone. “Whether you choose to celebrate Australia Day or not, everyone is welcome in our pubs, always.” Latest posts 5.17am Paul Keating pockets $40m in Telstra deal By Josefine Ganko The sale of Boost Mobile will deliver a significant payday to its co-founder, former prime minister Paul Keating. The Australian Financial Review reports that Keating will pocket at least $40 million in the sale of the budget mobile business to Telstra, in a deal to acquire the carrier for just under $140 million cash. Former prime minister Paul Keating is set for a financial boost. Credit: Oscar Colman Keating holds a 29 per cent stake in Boost Mobile, which he co-founded in 2000 with businessman Peter Adderton, who holds 32 per cent. In the acquisition, expected to be completed this month, Boost Mobile employees would be integrated into Telstra and there would be no changes for Boost’s thousands of prepaid customers. Boost’s prepaid plans are cheaper than Telstra’s but don’t offer access to the full Telstra network. The companies have been partnered for 13 years, with Telstra responsible for most of the operational parts of Boost’s business, including network access and customer service, while Boost has been responsible for its branding and marketing. 5.15am Road closures for Good Things music festival By Catherin Strohfeldt Several streets around the RNA Showgrounds will be closed for five days from Thursday for the Good Things music festival. The council has advised that sections of Gregory Terrace, King Street and Alexandria Street will remain closed from December 5 to 10, and has advised motorists to seek alternative routes. The parking lane on Costin Street, between Gregory Terrace and Carriage Street, will also be closed. The annual Good Things festival started in 2018 and this year’s line-up features Korn, Violent Femmes and Sum 41. 5.15am Democrats express frustration over Joe Biden pardoning his son Hunter By AP Already reeling from their November defeats, Democrats are now grappling with President Joe Biden’s pardoning of his son Hunter for federal crimes after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” said White House press secretary Karine Jean-Pierre, who along with Biden and other White House officials insisted for months that Hunter Biden would not get a pardon. President Joe Biden accompanied by his son Hunter Biden in Nantucket over the Thanksgiving holiday. Credit: AP That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump, who has argued that multiple indictments and one conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later presidents and will sadly tarnish his reputation,” Colorado Governor Jared Polis wrote of Biden on the social media platform X. Arizona congressman Greg Stanton said on X: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Loading Certainly, the president has plenty of Democratic defenders who note Trump’s use of presidential powers to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” wrote prominent Democratic fundraiser Jon Cooper on X. “Sorry, but Biden was right to pardon his son Hunter to protect him against Kash Patel’s weaponised FBI,” Cooper concluded, referring to Trump’s apparent plan to oust FBI Director Christopher Wray in favour of a loyalist who has talked of going after political opponents and journalists. First Lady Jill Biden said on Monday from the White House: “Of course I support the pardon of my son.” Advertisement 4.55am Man jailed for stabbing police officer who put gun away By AAP A man has been jailed for five years over his knife-wielding attack on two police officers who made a split-second decision not to open fire. Paul Gali, 32, pleaded guilty in the Brisbane District Court to one count of unlawful wounding with intent to resist lawful detention, and one count of obstructing a police officer with an offensive instrument. Crown prosecutor Melissa Wilson said police had been called to Gali’s home at Rothwell, north of Brisbane, the morning of May 1, 2023, in response to him threatening family members with a knife. Judge Carl Heaton was shown bodycam footage that showed Gali, dressed in a yellow high-visibility shirt, climb over a police vehicle’s bonnet and roof before charging at the officer with a knife raised. “The officer repeatedly told [Gali] to drop the knife. He was in the process of holstering his firearm and drawing his Taser when [Gali] jumped down and ran at him,” Wilson said. Wilson said the officer was retreating and attempting to strike Gali with the Taser when he was stabbed in a shoulder area that was not covered by his protective vest. In the footage, blood could be seen dripping onto the road as the officer called for back-up and told his partner, who had his firearm drawn, not to shoot Gali. Gali told officers to shoot him throughout his attack and performed an act of self-harm during the standoff. He surrendered shortly after when reinforcement officers arrived and also pointed their firearms at him. Wilson said the wounded officer spent two days in hospital but had suffered ongoing psychological effects that had taken away the happiness and sense of purpose he took in police work. Gali was sentenced to five years’ imprisonment and ordered immediately eligible to apply for parole, having spent 19 months in custody. 4.49am Cloudy in the River City today We’re in for another cloudy summer’s day in Brisbane, with a top of 30 degrees. And the days to come are looking similar, with barely a chance of showers and top temperatures similar for the rest of week. Here’s the outlook: 4.46am This morning’s headlines at a glance Stories making the rounds beyond Brisbane this morning include: The Reserve Bank is being accused by some of the nation’s top economists of putting the employment of hundreds of thousands of Australians at risk by keeping interest rates too high in order to reduce inflation. Longtime Neighbours star Ian Smith has been diagnosed with terminal lung cancer. Sex offenders will be kicked out of the Australian Defence Force and potential leaders tested for emotional intelligence under a sweeping overhaul to combat the crisis of military personnel taking their own lives at alarming rates. Laurie Daley is back for a second stint in charge of the Blues, but the game has changed dramatically in his time away . “In finalising his cabinet,” writes author Nick Bryant , “Donald Trump has come to resemble an American Caligula, the Roman emperor rumoured to have considered appointing his beloved stallion as consul. So unorthodox have been the president-elect’s appointments that I half expected him to nominate his golf cart as the new transportation secretary.” Advertisement 4.33am The top stories for today Good morning, thanks for joining us for Brisbane Times’ live news blog. It’s Tuesday, December 3, and we’re expecting a partly cloudy day and a top temperature of 30 degrees. In this morning’s local headlines: One of Brisbane’s top music venues is appealing Brisbane City Council’s approval of a $1.5 billion Newstead project, warning its future residents could inundate them with noise complaints. We rely on essential workers to keep Brisbane running. But can they afford to live here? As the city’s housing squeeze continues, we look at the occupations where people would struggle to even rent a place on their own. A parliamentary inquiry into the LNP government’s proposed changes to youth justice laws has drawn heavy criticism from youth advocates and peak organisations, with concerns the legislation violates human rights and disregards evidence-based approaches. Latest 1 of 1 Latest Most Viewed in National LoadingJames “Wally” Brewster, former U.S. ambassador to the Dominican Republic, has denied recent speculation in Dominican media regarding his visit to Albania. In a statement, Brewster clarified that the trip was prompted by an American financial group’s interest in evaluating the potential expansion of Eco Building, a company specializing in innovative construction technology. His team conducted an on-site inspection to verify the technology’s effectiveness, a routine practice for his organization. Brewster noted that Dominican Housing Minister Carlos Bonilla was consulted for technical input due to his engineering expertise and was invited, along with other international representatives, to observe the project. However, he emphasized that no negotiations, agreements, or letters of intent were made with the Dominican government during or after the visit. Brewster also addressed reports from a London newsletter that linked the trip to stock manipulation, calling the claims inaccurate and unrelated to his activities. Lamenting the spread of misinformation, Brewster stressed the need for transparency and fact-checking to prevent misrepresentation of efforts aimed at exploring innovative solutions. He reaffirmed his commitment to integrity and rejected all baseless allegations, concluding, “These are the facts. Any other speculation is false.”
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