FLOT: A Simple Fixed-Income Allocation For Uncertain Rate Environment

“Shark Tank” star Barbara Corcoran has some thoughts about reality TV personality Kylie Jenner’s yearslong home design project. When asked to weigh in on the 29-year-old makeup mogul’s build-in-progress, which has been in the works since 2020, the 77-year-old real estate tycoon gave TMZ a candid response. “Not worth it,” Corcoran said. “You should see…

August data indicated a sustained downturn in business activity across the UK construction sector, led by weakness in the residential building segment. The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index  – an index tracking changes in total industry activity – registered 44.3 in August,down from 44.7 in July and below the neutral 50.0…

SwiftConnect, which bills itself as a connected access office property platform, announced Wednesday that it has acquired HID SAFE, a leading company in the field of managing access to properties. The acquisition will enhance Stamford, Conn.-based SwiftConnect’s physical access platform with HID SAFE’s identity governance capability, said Matt Kopel, co-CEO of SwiftConnect. Kopel declined to…

Two Queensland builders have been convicted and fined a total of $27,000 in separate cases of unlawful building work, as the state’s watchdog continues its bid to protect home owners. The Queensland Building and Plumbing Commission (QBCC) has secured convictions against two individuals for offences relating to illegal work in two separate cases. Christian Gett…

The UK unit of EBC Financial revealed in its annual financial statements that one of its “former directors had misappropriated funds from the company’s bank account.” The company, however, did not name the former director, but highlighted that “the matter is currently under investigation by the authorities whilst the company is considering its legal options.”…

Barclays has grown the notional value of its trades with Qube Research & Technologies (QRT) to more than $100 billion, according to a Bloomberg report citing people familiar with the matter, underscoring the quant hedge fund’s growing importance to the bank’s prime brokerage arm. The figure represents the gross face value of all positions between…