Ballet flats are so popular that even brands like Birkenstock and Crocs are cashing in on the trend

A new exchange-traded fund (ETF) that packages an exotic ‘worst-of’ autocallable payoff into a systematic rules-based index could chart a new course for the sector. Calamos’s ‘Least-of Autocallable Income ETF’ (CAYN), built with Citi and index provider MerQube, references a laddered index of autocallables whose payout is driven by the worst performer, or most volatile,…

Law Debenture (LSE:LWDB) is a unique investment trust. It is part equity income portfolio and part professional services company, all in one high-performing £1.7 billion wrapper. It has been a stalwart of the MoneyWeek Investment Trust portfolio since September 2015, with the second-best performance of all the trusts selected. Over the past ten years the…

The multifamily market is beginning to see light at the end of the tunnel as deliveries slow and rent growth begins to show signs of recovery — albeit slowly. As multifamily overcomes a supply overhang, quarter-over-quarter rent growth reached 0.3%. While relatively flat, it marked the first third-quarter increase in four years. Rents ticked up…

Municipals were firmer Thursday, following higher U.S. Treasuries despite equities tumbling over fears of tighter AI regulation after the Democrats’ rout in the midterm elections. Processing Content “We thought we were out of the woods yesterday as markets rallied post-midterms, but all of a sudden, it’s a total bloodbath here on Wall Street,” said José…

Multiple deaths after UK police car crash, police say