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Romania Taps Foreign Markets Again Ahead of May Election

(Bloomberg) -- Romania is selling international bonds for the second time this year to help finance its budget deficit amid political turmoil before the presidential election. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe eastern European nation plans to

Nasdaq short interest up 2.2% in mid-March

Short interest on the Nasdaq rose about 2.2% in mid-March, the exchange said in a statement released late on Tuesday. As of March 14, short interest rose to about 15.66 billion shares, compared with 15.33 billion shares at the prior settlement period, which was Fed. Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

US Bank Stocks Set to Match Longest Winning Streak on Record

(Bloomberg) -- An index of big US bank stocks extended a rally for the ninth straight day on Wednesday, putting it on track to match the longest winning streak on record.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe KBW Bank Index jumped as much as 1.2%

Junk Bonds Win Over Investors Seeking Calm From Market Storm

(Bloomberg) -- Junk bonds don’t seem quite so junky anymore. US investors are piling into an asset class that has grown a little safer in recent years, and in recent weeks has drawn investors seeking a safe harbor from market turbulence.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make

BlackRock launches new model portfolio to further private market push

BlackRock has launched its first model portfolio blending private and publicly traded assets, it said on Wednesday, as it looks to expand its footprint in the lucrative private market landscape. Model portfolios are blueprints that financial advisers use to manage their clients' investments. Tailored for a variety of risk tolerances and goals, they can help advisers save time and costs they would otherwise have spent on building portfolios from scratch.