1 month ago
Sept 18 (Reuters) - US equity funds recorded outflows for a fourth consecutive week in the week to September 18, as rising crude oil prices heightened inflation concerns and expectations of a Federal Reserve rate hike added to investor caution ahead of its policy decision.
US equity funds recorded net redemptions of $31.44 billion during the week, largely matching the $32 billion withdrawn a week earlier, LSEG Lipper data showed.
Crude oil prices rose to four-month highs during the week, fueling inflation concerns and lifting Treasury yields, which weighed on growth-oriented funds.
The Fed raised interest rates by 25 basis points on Wednesday and signaled that further tightening may be needed to curb inflation fueled by higher energy costs linked to the war in Iran.
Investors withdrew $28.71 billion, $1.73 billion and $3.16 billion from US large-cap, mid-cap and multi-cap funds, respectively. In contrast, small-cap funds attracted $568 million in weekly inflows.
#funds #recorded #concerns
US equity funds recorded net redemptions of $31.44 billion during the week, largely matching the $32 billion withdrawn a week earlier, LSEG Lipper data showed.
Crude oil prices rose to four-month highs during the week, fueling inflation concerns and lifting Treasury yields, which weighed on growth-oriented funds.
The Fed raised interest rates by 25 basis points on Wednesday and signaled that further tightening may be needed to curb inflation fueled by higher energy costs linked to the war in Iran.
Investors withdrew $28.71 billion, $1.73 billion and $3.16 billion from US large-cap, mid-cap and multi-cap funds, respectively. In contrast, small-cap funds attracted $568 million in weekly inflows.
#funds #recorded #concerns
1 month ago
Burford Capital Limited (NYSE:BUR) announced on September 14 that its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, priced $300 million of 8% senior secured notes due 2029. Closing is expected September 17, subject to customary conditions.
Net proceeds and existing cash are intended to redeem the subsidiary's 6.25% unsecured notes due in 2028. The transaction would move this maturity into 2029, with a coupon 175 basis points higher.
The September 14 offering announcement confirmed $400 million of outstanding 2028 notes, making the cash contribution central to the refinancing. Burford Capital Limited (NYSE:BUR) said it expected to issue a conditional notice targeting September 24, 2026, for redemption of all $400 million, subject to successful completion of the $300 million financing.
For Burford Capital Limited (NYSE:BUR), refinancing ahead of maturity creates more room for litigation investments to generate cash. Court proceedings, settlements, and collections follow uncertain schedules. Reducing dependence on a particular realization date could help management preserve investment value.
Redeeming the confirmed $400 million balance with $300 million of replacement notes would reduce gross principal by $100 million. Calculated annual coupons would fall from $25 million to $24 million, before fees and other financing costs.
#capital #september #NYSE
Net proceeds and existing cash are intended to redeem the subsidiary's 6.25% unsecured notes due in 2028. The transaction would move this maturity into 2029, with a coupon 175 basis points higher.
The September 14 offering announcement confirmed $400 million of outstanding 2028 notes, making the cash contribution central to the refinancing. Burford Capital Limited (NYSE:BUR) said it expected to issue a conditional notice targeting September 24, 2026, for redemption of all $400 million, subject to successful completion of the $300 million financing.
For Burford Capital Limited (NYSE:BUR), refinancing ahead of maturity creates more room for litigation investments to generate cash. Court proceedings, settlements, and collections follow uncertain schedules. Reducing dependence on a particular realization date could help management preserve investment value.
Redeeming the confirmed $400 million balance with $300 million of replacement notes would reduce gross principal by $100 million. Calculated annual coupons would fall from $25 million to $24 million, before fees and other financing costs.
#capital #september #NYSE
1 month ago
Realty Income Corporation (NYSE:O) announced on September 14 a European property venture in which capital accounts advised by KKR & Co. Inc. (NYSE:KKR) intend to invest €528 million for a 49% interest. Closing is expected September 30, subject to customary conditions.
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
1 month ago
Seagate Technology Holdings plc (NASDAQ:STX) announced on September 9 that its subsidiary, Seagate HDD Cayman, completed the redemption and exchange of its remaining 3.50% exchangeable senior notes due 2028 on September 8. Approximately $150.7 million of principal was retired through a settlement involving approximately $150.97 million in cash and 1,647,862 ordinary shares.
For notes submitted for exchange, principal was paid in cash, and the exchange obligation above principal was settled in shares, with cash for fractional shares where applicable. The share delivery therefore satisfied an existing contractual obligation.
Seagate Technology Holdings plc (NASDAQ:STX) has removed a 2028 maturity and the remaining settlement uncertainty attached to this instrument. Based on the approximately $150.7 million principal balance and 3.50% coupon, the transaction eliminates roughly $5.3 million of annual stated interest. That is a calculated annualized saving before taxes and any interest income lost on the cash used.
Recent cash generation supports the ability to absorb the payment. As of July 3, 2026, Seagate Technology Holdings plc (NASDAQ:STX) reported $1.704 billion in cash and cash equivalents. Fiscal fourth-quarter free cash flow was $1.118 billion. This company-defined non-GAAP measure is operating cash flow less acquisitions of property, equipment, and leasehold improvements.
The settlement cash payment equals approximately 8.9% of that reported cash balance. Although the July figure predates settlement, it provides a useful measure of the transaction's scale.
#technology #million #exchange
For notes submitted for exchange, principal was paid in cash, and the exchange obligation above principal was settled in shares, with cash for fractional shares where applicable. The share delivery therefore satisfied an existing contractual obligation.
Seagate Technology Holdings plc (NASDAQ:STX) has removed a 2028 maturity and the remaining settlement uncertainty attached to this instrument. Based on the approximately $150.7 million principal balance and 3.50% coupon, the transaction eliminates roughly $5.3 million of annual stated interest. That is a calculated annualized saving before taxes and any interest income lost on the cash used.
Recent cash generation supports the ability to absorb the payment. As of July 3, 2026, Seagate Technology Holdings plc (NASDAQ:STX) reported $1.704 billion in cash and cash equivalents. Fiscal fourth-quarter free cash flow was $1.118 billion. This company-defined non-GAAP measure is operating cash flow less acquisitions of property, equipment, and leasehold improvements.
The settlement cash payment equals approximately 8.9% of that reported cash balance. Although the July figure predates settlement, it provides a useful measure of the transaction's scale.
#technology #million #exchange
1 month ago
Travel credit cards offer points and miles rewards on your spending, which you can use toward travel-related redemptions, such as flights, hotel stays, and car rentals. You'll often earn the highest rewards rate on travel purchases with a travel credit card. However, many also offer boosted rewards on everyday purchases like groceries, gas, and more.
When you're comparing travel credit cards, it's useful to separate them into two distinct types: general travel rewards cards and co-branded airline and hotel credit cards.
With a general travel credit card, you'll have a number of flexible redemption options when you're ready to redeem your points and miles.
Travel card issuers generally have their own travel portals, like Chase Travel or American Express Travel, where you can book flights, hotels, rental cars, and more. These programs also have a number of travel transfer partners to which you can directly transfer points or miles. For example, American Express Membership Rewards points transfer to Delta SkyMiles at a rate of 1:1.
The flexibility of general travel cards means you can use your rewards to travel with different airlines or hotel brands. Each time you're ready to book, simply shop around between the portal or partners and compare the best options for your specific travel plans.
#rewards #points #you 're
When you're comparing travel credit cards, it's useful to separate them into two distinct types: general travel rewards cards and co-branded airline and hotel credit cards.
With a general travel credit card, you'll have a number of flexible redemption options when you're ready to redeem your points and miles.
Travel card issuers generally have their own travel portals, like Chase Travel or American Express Travel, where you can book flights, hotels, rental cars, and more. These programs also have a number of travel transfer partners to which you can directly transfer points or miles. For example, American Express Membership Rewards points transfer to Delta SkyMiles at a rate of 1:1.
The flexibility of general travel cards means you can use your rewards to travel with different airlines or hotel brands. Each time you're ready to book, simply shop around between the portal or partners and compare the best options for your specific travel plans.
#rewards #points #you 're
1 month ago
Travel credit cards offer points and miles rewards on your spending, which you can use toward travel-related redemptions, such as flights, hotel stays, and car rentals. You'll often earn the highest rewards rate on travel purchases with a travel credit card. However, many also offer boosted rewards on everyday purchases like groceries, gas, and more.
When you're comparing travel credit cards, it's useful to separate them into two distinct types: general travel rewards cards and co-branded airline and hotel credit cards.
With a general travel credit card, you'll have a number of flexible redemption options when you're ready to redeem your points and miles.
Travel card issuers generally have their own travel portals, like Chase Travel or American Express Travel, where you can book flights, hotels, rental cars, and more. These programs also have a number of travel transfer partners to which you can directly transfer points or miles. For example, American Express Membership Rewards points transfer to Delta SkyMiles at a rate of 1:1.
The flexibility of general travel cards means you can use your rewards to travel with different airlines or hotel brands. Each time you're ready to book, simply shop around between the portal or partners and compare the best options for your specific travel plans.
#credit #hotel #general
When you're comparing travel credit cards, it's useful to separate them into two distinct types: general travel rewards cards and co-branded airline and hotel credit cards.
With a general travel credit card, you'll have a number of flexible redemption options when you're ready to redeem your points and miles.
Travel card issuers generally have their own travel portals, like Chase Travel or American Express Travel, where you can book flights, hotels, rental cars, and more. These programs also have a number of travel transfer partners to which you can directly transfer points or miles. For example, American Express Membership Rewards points transfer to Delta SkyMiles at a rate of 1:1.
The flexibility of general travel cards means you can use your rewards to travel with different airlines or hotel brands. Each time you're ready to book, simply shop around between the portal or partners and compare the best options for your specific travel plans.
#credit #hotel #general
1 month ago
Investors were quick to pull money out of spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) after the Clarity Act failed to advance in the U.S. Senate.
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
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#Crypto
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Crypto
1 month ago
Self-driving tech company May Mobility has reached a deal to go public via a merger with a **** affiliated with Atlas Credit Partners.
Why it matters: The deal is a test of public-market appetite for autonomous vehicle companies, with May pitching investors on a relatively capital-light alternative to the fleet-owning robotaxi model.
Driving the news: The transaction with ACP Holdings Acquisition Corp. implies a $1.4 billion pro forma enterprise value and could provide the Ann Arbor, Mich.-based AV startup with up to $337 million in gross proceeds.
That includes $217 million from the **** 's trust, **** uming no redemptions, plus a $120 million fully committed from private investors through a so-called PIPE financing.
An Atlas Credit Partners affiliate is co-anchoring the PIPE.
#driving #deal
Why it matters: The deal is a test of public-market appetite for autonomous vehicle companies, with May pitching investors on a relatively capital-light alternative to the fleet-owning robotaxi model.
Driving the news: The transaction with ACP Holdings Acquisition Corp. implies a $1.4 billion pro forma enterprise value and could provide the Ann Arbor, Mich.-based AV startup with up to $337 million in gross proceeds.
That includes $217 million from the **** 's trust, **** uming no redemptions, plus a $120 million fully committed from private investors through a so-called PIPE financing.
An Atlas Credit Partners affiliate is co-anchoring the PIPE.
#driving #deal
1 month ago
Online brokerage Robinhood Markets (NASDAQ: $HOOD) says that it will offer share redemptions and voting rights on tokenized stocks.
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#online
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#online
1 month ago
New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#grand #theft #ttwo
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#grand #theft #ttwo
1 month ago
Online brokerage Robinhood Markets (NASDAQ: $HOOD) says that it will offer share redemptions and voting rights on tokenized stocks.
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#robinhood
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#robinhood
1 month ago
New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#theft #auto #Stock #biggest
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
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Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#theft #auto #Stock #biggest
1 month ago
Investors were quick to pull money out of spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) after the Clarity Act failed to advance in the U.S. Senate.
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#outflows #sept
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#outflows #sept
1 month ago
The Texas Longhorns staged a thrilling comeback against Ohio State on Saturday night. In the chaos that followed the game, coach Steve Sarkisian blew off ESPN's Holly Rowe. Rowe, in turn, did not look happy about the brief interaction.
The incident became a talking point and was turned into a meme. Quarterback Arch Manning was asked about all this during a press conference on Monday. Manning spoke candidly and many people didn't like what they heard.
MORE: Arch Manning wanted redemption against Ohio State, and he got it
"I saw the AI Edit of (Sark) slapping Holly Rowe."
I asked Arch Manning if he'd seen any edits on TikTok or Twitter after the game, and his answer is gold. pic.twitter.com/70FnNCVEHb
— Evan Vieth (EvanVieth) September 14, 2026
#holly
The incident became a talking point and was turned into a meme. Quarterback Arch Manning was asked about all this during a press conference on Monday. Manning spoke candidly and many people didn't like what they heard.
MORE: Arch Manning wanted redemption against Ohio State, and he got it
"I saw the AI Edit of (Sark) slapping Holly Rowe."
I asked Arch Manning if he'd seen any edits on TikTok or Twitter after the game, and his answer is gold. pic.twitter.com/70FnNCVEHb
— Evan Vieth (EvanVieth) September 14, 2026
#holly
1 month ago
Down 23-3 in the fourth quarter. Twenty-one unanswered points - against the No. 1 team in the country. A Heisman Trophy campaign that roared back to life. The return of Texas football's running game, redemption for a quarterback and a program, and a huge win over the Buckeyes that has Texas in place to possibly become the new No. 1 team in the country.
Saturday night's 24-23 thriller had it all.
Texas Longhorns' tight end Spencer Shannon (83) dives after Texas Longhorns' defensive back Kade Phillips (8) after Phillips recovered a fumble as the Texas Longhorns and Ohio State Buckeyes face off at Royal-Memorial Stadium in Austin on Saturday, Sept. 12, 2026. (Mikala Compton/Austin American-Statesman)
As bad as Texas' start was, as bad as things looked at halftime and the third quarter, as unlucky and plodding as the Longhorns looked, all that turned around in the fourth quarter. After surviving what was probably the worst first quarter of the Steve Sarkisian era, No. 4 Texas produced perhaps the biggest win ever at Royal-Memorial Stadium.
Here are some observations we saw from Saturday's win:
#royal #memorial
Saturday night's 24-23 thriller had it all.
Texas Longhorns' tight end Spencer Shannon (83) dives after Texas Longhorns' defensive back Kade Phillips (8) after Phillips recovered a fumble as the Texas Longhorns and Ohio State Buckeyes face off at Royal-Memorial Stadium in Austin on Saturday, Sept. 12, 2026. (Mikala Compton/Austin American-Statesman)
As bad as Texas' start was, as bad as things looked at halftime and the third quarter, as unlucky and plodding as the Longhorns looked, all that turned around in the fourth quarter. After surviving what was probably the worst first quarter of the Steve Sarkisian era, No. 4 Texas produced perhaps the biggest win ever at Royal-Memorial Stadium.
Here are some observations we saw from Saturday's win:
#royal #memorial
2 months ago
NIXA — Once again, Nixa left little doubt about them being the best in Southwest Missouri on Friday, Sept. 11.
The Eagles toppled Republic (2-1) 49-6. Nixa dominated with highlight play after highlight play.
Quarterback Adam McKnight rushed for three touchdowns and passed for one. Jax Adams rushed for an 87-yard score, while Joshua Ford scored the final touchdown of the game.
The main highlight of the game came from senior linebacker Chris Henegar.
"Last year, I dropped a few interceptions," Henegar said. "It was redemption, it was redemption."
#rushed #once #missouri
The Eagles toppled Republic (2-1) 49-6. Nixa dominated with highlight play after highlight play.
Quarterback Adam McKnight rushed for three touchdowns and passed for one. Jax Adams rushed for an 87-yard score, while Joshua Ford scored the final touchdown of the game.
The main highlight of the game came from senior linebacker Chris Henegar.
"Last year, I dropped a few interceptions," Henegar said. "It was redemption, it was redemption."
#rushed #once #missouri
2 months ago
In 2024, Catalent tapped direct lenders for a $4.2 billion term loan to fund its acquisition by Novo Holdings. Last month, the drug manufacturer refinanced with a $4.1 billion syndicated loan that it says will cut its annual interest expense by about $100 million.
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
2 months ago
It appears the Minnesota Vikings lit a top 10 draft pick on fire by selecting J.J. McCarthy. Remarkably, it might not matter.
Like in 2024, head coach Kevin O'Connell has a high profile reclamation project ready to lead his offense. Sam Darnold got his team to 14 wins that fall. Now Kyler Murray gets the opportunity to do the same. He'll be flanked by the league's best wide receiving corps and a defense stuck on "shaken hornets nest" at all times.
Murray is playing on a one-year prove-it deal. He'll test himself against one of the toughest and deepest divisions in the NFL. Let's take a look at how Minnesota got here and what its 2026 might look like.
There's still time for JJ McCarthy to embody the potential the Vikings saw in him when they made him the 12th overall pick of the 2024 NFL Draft. But, uh, hoooo buddy, it doesn't look good. His 66.5 percent on-target throw rate ranked 33rd of 33 qualified quarterbacks, nearly three full points below No. 32 Caleb Williams. Since Pro Football Reference began charting that stat in 2019, only one player has been worse: Anthony Richardson in 2019. Ooooof.
That leaves Murray with a path to redemption after his Arizona Cardinals career flamed out. He's been a nest made of vacated promise after his Pro Bowl 2021 season. His 0.097 EPA per dropback since then ranks 20th out of 33 quarterbacks to play at least 1,000 snaps, just behind a diminished Kirk Cousins. But this is his age 29 season. But he was a useful dual-threat presence as recently as 2024 (where, admittedly, Arizona went 8-9) and now gets the most talented supporting cast of his career.
#minnesota #Vikings #mccarthy #since
Like in 2024, head coach Kevin O'Connell has a high profile reclamation project ready to lead his offense. Sam Darnold got his team to 14 wins that fall. Now Kyler Murray gets the opportunity to do the same. He'll be flanked by the league's best wide receiving corps and a defense stuck on "shaken hornets nest" at all times.
Murray is playing on a one-year prove-it deal. He'll test himself against one of the toughest and deepest divisions in the NFL. Let's take a look at how Minnesota got here and what its 2026 might look like.
There's still time for JJ McCarthy to embody the potential the Vikings saw in him when they made him the 12th overall pick of the 2024 NFL Draft. But, uh, hoooo buddy, it doesn't look good. His 66.5 percent on-target throw rate ranked 33rd of 33 qualified quarterbacks, nearly three full points below No. 32 Caleb Williams. Since Pro Football Reference began charting that stat in 2019, only one player has been worse: Anthony Richardson in 2019. Ooooof.
That leaves Murray with a path to redemption after his Arizona Cardinals career flamed out. He's been a nest made of vacated promise after his Pro Bowl 2021 season. His 0.097 EPA per dropback since then ranks 20th out of 33 quarterbacks to play at least 1,000 snaps, just behind a diminished Kirk Cousins. But this is his age 29 season. But he was a useful dual-threat presence as recently as 2024 (where, admittedly, Arizona went 8-9) and now gets the most talented supporting cast of his career.
#minnesota #Vikings #mccarthy #since
2 months ago
Nuggets news: Nikola Jokic's opinion of Rudy Gobert's defense will turn heads appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Nikola Jokic will carry a heavy load once again in the upcoming season, as the Denver Nuggets lost key players in Peyton Watson, Tim Hardaway Jr., Jonas Valanciunas, and Bruce Brown.
The Nuggets are seeking redemption after suffering a first-round exit in last season's playoffs at the hands of the Minnesota Timberwolves. After their elimination, Jokic lamented that they were far from being a championship team.
Jokic remains the premier center in the NBA, and opponents will plan for him every game. When asked who defends him the best, the three-time MVP was typically modest.
Watch sports LIVE with fuboTV (free trial)
#jokic
Nikola Jokic will carry a heavy load once again in the upcoming season, as the Denver Nuggets lost key players in Peyton Watson, Tim Hardaway Jr., Jonas Valanciunas, and Bruce Brown.
The Nuggets are seeking redemption after suffering a first-round exit in last season's playoffs at the hands of the Minnesota Timberwolves. After their elimination, Jokic lamented that they were far from being a championship team.
Jokic remains the premier center in the NBA, and opponents will plan for him every game. When asked who defends him the best, the three-time MVP was typically modest.
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#jokic
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2 months ago
The NFL is kicking off again with an absolutely loaded first week of games. The biggest face-offs launching the 2026 season include a Super Bowl rematch and a battle in Oz, with plenty of roster additions and subtractions that will transform your favorite teams. But for better or worse?
Read on to find out, in our top five most anticipated Week 1 matchups.
When: 8:20 p.m. ET
Where: NBC, Peacock
Week 1's opening game is also its most anticipated, as the Patriots take on the team that wiped the floor with them in a Super Bowl rematch. Will the Seahawks' dominant defense hold after the loss of key pieces like Riq Woolen and Coby Bryant? Or will New England QB Drake Maye achieve redemption (he had six sacks and two interceptions in Super Bowl LX) now that he's got protection from guard Alijah Vera-Tucker, and receivers A.J. Brown and Romeo Doubs catching passes instead of the other team?
#week #rematch #peacock
Read on to find out, in our top five most anticipated Week 1 matchups.
When: 8:20 p.m. ET
Where: NBC, Peacock
Week 1's opening game is also its most anticipated, as the Patriots take on the team that wiped the floor with them in a Super Bowl rematch. Will the Seahawks' dominant defense hold after the loss of key pieces like Riq Woolen and Coby Bryant? Or will New England QB Drake Maye achieve redemption (he had six sacks and two interceptions in Super Bowl LX) now that he's got protection from guard Alijah Vera-Tucker, and receivers A.J. Brown and Romeo Doubs catching passes instead of the other team?
#week #rematch #peacock
2 months ago
A record-breaking performance capped by a game-sealing tackle led Auburn safety Eric Winters to a weekly award.
Winters was named SEC Co-Defensive Player of the Week after his Week 1 performance against Baylor, recording a career-high 11 tackles in the Tigers' 17-16 win over the Baylor Bears in the Aflac Kickoff Game in Atlanta, Georgia. He finished with nine solo tackles, with none bigger than his stop of Baylor tight end Matthew Klopfenstein at the goal line late in the 4th quarter, which thwarted a two-point conversion attempt and sealed the win for the Tigers.
Winters' clutch tackle came one play after miscommunication in coverage led to a Baylor touchdown, cutting the Tigers' lead to just one point with 0:09 remaining in regulation. Baylor elected to go for the win with a two-point conversion attempt, which allowed Winters a shot at redemption. It was a shot he did not miss.
"(DJ) Durkin always says 'next play mentality,'" Winters said postgame. "The next play came, (and I) made a play to win us the game."
Winters splits this week's award with Texas linebacker Rasheem Biles, who logged five tackles and created two turnovers in the Longhorns' 59-7 win over Texas State on Saturday. Winters will work to earn a second consecutive SEC award this week when Auburn faces Southern Miss on Saturday; kickoff is scheduled for 6:45 p.m. CT on SEC Network.
#winters
Winters was named SEC Co-Defensive Player of the Week after his Week 1 performance against Baylor, recording a career-high 11 tackles in the Tigers' 17-16 win over the Baylor Bears in the Aflac Kickoff Game in Atlanta, Georgia. He finished with nine solo tackles, with none bigger than his stop of Baylor tight end Matthew Klopfenstein at the goal line late in the 4th quarter, which thwarted a two-point conversion attempt and sealed the win for the Tigers.
Winters' clutch tackle came one play after miscommunication in coverage led to a Baylor touchdown, cutting the Tigers' lead to just one point with 0:09 remaining in regulation. Baylor elected to go for the win with a two-point conversion attempt, which allowed Winters a shot at redemption. It was a shot he did not miss.
"(DJ) Durkin always says 'next play mentality,'" Winters said postgame. "The next play came, (and I) made a play to win us the game."
Winters splits this week's award with Texas linebacker Rasheem Biles, who logged five tackles and created two turnovers in the Longhorns' 59-7 win over Texas State on Saturday. Winters will work to earn a second consecutive SEC award this week when Auburn faces Southern Miss on Saturday; kickoff is scheduled for 6:45 p.m. CT on SEC Network.
#winters
2 months ago
Serie A side Juventus signed Nick Woltemade on loan from Newcastle United late in the summer transfer window. While the German is yet to make his debut for the Bianconeri, big praise has come from Juve legend Gianluigi Buffon.
The Germany international has a frustrating 2025/26 campaign with the Magpies. Ex-Newcastle United manager Eddie Howe often used him deeper on the pitch and this led to a fall in prominence.
A move to Juventus is now viewed as a shot at redemption. Buffon spoke to La Gazzetta dello Sport about Juve's business in the summer and placed special emphasis on Woltemade.
The ex-keeper said: "I'm curious about Woltemade. I want to see if his physicality, his 198 centimeters (6'4") combined with excellent technique, will be as dominant as I expect."
Buffon also revealed belief that Woltemade can make the same impact as Zlatan Ibrahimovic during his younger days.
#woltemade #summer #serie #nick
The Germany international has a frustrating 2025/26 campaign with the Magpies. Ex-Newcastle United manager Eddie Howe often used him deeper on the pitch and this led to a fall in prominence.
A move to Juventus is now viewed as a shot at redemption. Buffon spoke to La Gazzetta dello Sport about Juve's business in the summer and placed special emphasis on Woltemade.
The ex-keeper said: "I'm curious about Woltemade. I want to see if his physicality, his 198 centimeters (6'4") combined with excellent technique, will be as dominant as I expect."
Buffon also revealed belief that Woltemade can make the same impact as Zlatan Ibrahimovic during his younger days.
#woltemade #summer #serie #nick
2 months ago
On August 4, Hamilton Lane (NASDAQ:HLNE) posted a first fiscal quarter that showed just how far the private markets manager has scaled. Revenue jumped 56% year over year to $275.3 million, fee-related earnings climbed 49% to $124.5 million, and the firm's total ******* et footprint pushed past $1.1 trillion. That kind of quarter would normally be the whole story. Instead, it came wrapped around three separate balance sheet payouts and a candid admission that client flows have gotten choppier than the headline numbers suggest.
Hamilton Lane's specialized funds are doing the heavy lifting. Fee-earning ******* ets under management in that category grew 25% year over year to $42.6 billion, and that mix shift toward higher-fee products pushed the blended fee rate up to 69 basis points. Management and advisory fees rose 21% to $161.4 million, and FRE margin expanded to 53% from 51% a year earlier, a sign the extra revenue is reaching the bottom line rather than getting absorbed by costs.
The Evergreen platform, Hamilton Lane's semi-liquid product line built for individual and smaller institutional investors, generated $640 million of net inflows and ended the quarter with $19 billion in ******* ets. Ten of twelve funds took in net new money, and none of them needed to gate redemptions even as the broader alternatives industry has wrestled with liquidity questions. The company also added six senior Evergreen sales professionals poached from Fidelity, BlackRock, PIMCO, JPMorgan, Morgan Stanley and Monroe Capital, and just landed its multi-strategy equity fund on a third wirehouse platform.
Fundraising on the closed-end side was equally strong. The sixth direct equity fund closed at $3.8 billion combined, 57% larger than its predecessor, while the seventh secondary fund and second venture fund each held first closes, at $1.3 billion and $370 million. On top of that, Hamilton Lane is set to book roughly $33 million in combined gains from monetizing its stakes in Russell Investments and Canoe, on top of a newly public stake in Securitize.
Not every part of the story is clean. Hamilton Lane's non-US multi-strategy equity fund swung to net outflows for the quarter, and management pointed to a broader hesitancy taking hold. Co-CEO Erik Hirsch acknowledged "a slowdown in flows on certain products and the general hesitancy with investors," a rare moment of candor from a company that otherwise leaned on strong numbers.
#fund #lane
Hamilton Lane's specialized funds are doing the heavy lifting. Fee-earning ******* ets under management in that category grew 25% year over year to $42.6 billion, and that mix shift toward higher-fee products pushed the blended fee rate up to 69 basis points. Management and advisory fees rose 21% to $161.4 million, and FRE margin expanded to 53% from 51% a year earlier, a sign the extra revenue is reaching the bottom line rather than getting absorbed by costs.
The Evergreen platform, Hamilton Lane's semi-liquid product line built for individual and smaller institutional investors, generated $640 million of net inflows and ended the quarter with $19 billion in ******* ets. Ten of twelve funds took in net new money, and none of them needed to gate redemptions even as the broader alternatives industry has wrestled with liquidity questions. The company also added six senior Evergreen sales professionals poached from Fidelity, BlackRock, PIMCO, JPMorgan, Morgan Stanley and Monroe Capital, and just landed its multi-strategy equity fund on a third wirehouse platform.
Fundraising on the closed-end side was equally strong. The sixth direct equity fund closed at $3.8 billion combined, 57% larger than its predecessor, while the seventh secondary fund and second venture fund each held first closes, at $1.3 billion and $370 million. On top of that, Hamilton Lane is set to book roughly $33 million in combined gains from monetizing its stakes in Russell Investments and Canoe, on top of a newly public stake in Securitize.
Not every part of the story is clean. Hamilton Lane's non-US multi-strategy equity fund swung to net outflows for the quarter, and management pointed to a broader hesitancy taking hold. Co-CEO Erik Hirsch acknowledged "a slowdown in flows on certain products and the general hesitancy with investors," a rare moment of candor from a company that otherwise leaned on strong numbers.
#fund #lane
2 months ago
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The flagship private credit fund of Cliffwater LLC capped redemptions at 5% in Q3 after investors asked to redeem approximately 16% of shares.
Cliffwater Corporate Lending Fund told shareholders in a letter Thursday that it would fulfill approximately one-third of redemption requests, according to a shareholder letter seen by Bloomberg.
Cliffwater's Chief Executive Officer Stephen Nesbitt said in the letter the firm "remains committed to acting in the best interests," of its shareholders. Nesbitt added that investors who have requested cash since Q1 have received approximately 78% of capital.
Read Also:Brookfield Could Pull $600 Million From HomeServe in Debt Deal
#investors #benzinga
The flagship private credit fund of Cliffwater LLC capped redemptions at 5% in Q3 after investors asked to redeem approximately 16% of shares.
Cliffwater Corporate Lending Fund told shareholders in a letter Thursday that it would fulfill approximately one-third of redemption requests, according to a shareholder letter seen by Bloomberg.
Cliffwater's Chief Executive Officer Stephen Nesbitt said in the letter the firm "remains committed to acting in the best interests," of its shareholders. Nesbitt added that investors who have requested cash since Q1 have received approximately 78% of capital.
Read Also:Brookfield Could Pull $600 Million From HomeServe in Debt Deal
#investors #benzinga
2 months ago
On August 10, Joe Gomes from ***** le Capital reiterated his Outperform rating on CoreCivic Inc. (NYSE:CXW). In the process, the ***** yst increased his target price on the stock from $35 to $42, resulting in a revised upside potential in excess of 24% based on stock's closing price on August 27. This upward adjustment in price target came after an impressive second quarter print above management estimates. Let's explore the underlying drivers of this outperformance, and which additional factors are expected to shape up investor sentiment toward the stock.
Earlier in August, the company reported its second quarter results which exceeded management's expectations. Topline figures were recorded at $684.9 million, up by 27.3% compared to Q2 2025. Adjusted EBITDA of $109.4 million exhibited 5.9% year-on-year growth, while adjusted diluted EPS of $0.38 reflected a 5.6% growth compared to the same period last year. Such expansion in adjusted diluted EPS was supported by lower operating costs and slightly higher ICE populations, while strong federal revenue also contributed to growth. Following the quarter and subsequent facility sales, management raised its full-year 2026 guidance.
During 2026, CoreCivic has been focusing on strengthening its financial position while expanding its footprint as a federal detention operator. The company generated $734 million in gross proceeds from sales of Prairie Correctional Facility and Midwest Regional Reception Center, to the Department of Homeland Security. It expects to continue to operate both facilities under current arrangements, and was also awarded a new ICE contract to operate the 1,600 bed Prairie Correctional Facility till August 2031. The contract award offers potential for $75 million in revenue boost in the future once fully activated, with no material impact expected during 2026.
CoreCivic can benefit from this demand tailwind without the time and capital required to construct entirely new facilities, although activating idle sites still involves staffing and start-up costs. It also strengthens the company's position as a trusted partner for federal detention requirements, and might create potential opportunities for more contracts in the future.
The company has also taken an aggressive approach toward debt reduction and returning capital to shareholders. On August 10, it entered a $500 million accelerated share repurchase agreement, supported by the proceeds from recent facility sales. A portion of those sale proceeds was also utilized for $608.5 million debt repayment, which included early redemption of senior notes that were due in 2027.
#price
Earlier in August, the company reported its second quarter results which exceeded management's expectations. Topline figures were recorded at $684.9 million, up by 27.3% compared to Q2 2025. Adjusted EBITDA of $109.4 million exhibited 5.9% year-on-year growth, while adjusted diluted EPS of $0.38 reflected a 5.6% growth compared to the same period last year. Such expansion in adjusted diluted EPS was supported by lower operating costs and slightly higher ICE populations, while strong federal revenue also contributed to growth. Following the quarter and subsequent facility sales, management raised its full-year 2026 guidance.
During 2026, CoreCivic has been focusing on strengthening its financial position while expanding its footprint as a federal detention operator. The company generated $734 million in gross proceeds from sales of Prairie Correctional Facility and Midwest Regional Reception Center, to the Department of Homeland Security. It expects to continue to operate both facilities under current arrangements, and was also awarded a new ICE contract to operate the 1,600 bed Prairie Correctional Facility till August 2031. The contract award offers potential for $75 million in revenue boost in the future once fully activated, with no material impact expected during 2026.
CoreCivic can benefit from this demand tailwind without the time and capital required to construct entirely new facilities, although activating idle sites still involves staffing and start-up costs. It also strengthens the company's position as a trusted partner for federal detention requirements, and might create potential opportunities for more contracts in the future.
The company has also taken an aggressive approach toward debt reduction and returning capital to shareholders. On August 10, it entered a $500 million accelerated share repurchase agreement, supported by the proceeds from recent facility sales. A portion of those sale proceeds was also utilized for $608.5 million debt repayment, which included early redemption of senior notes that were due in 2027.
#price
2 months ago
Sept 03, 2026, 1:00 pm EDT
Estimating the U.S. national debt as a percentage of economic growth seems to have become something of a national pastime—one that is moving beyond data nerds.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Blackstone and Cliffwater have seen redemption requests of about 10% and 16%, respectively, at their private credit funds.
#rights #reserved
Estimating the U.S. national debt as a percentage of economic growth seems to have become something of a national pastime—one that is moving beyond data nerds.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Blackstone and Cliffwater have seen redemption requests of about 10% and 16%, respectively, at their private credit funds.
#rights #reserved
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Wells Fargo has designed its Wells Fargo Autograph Journey® Card with travelers in mind. The card's earning power, benefits, and redemption options offer the most value for people who travel regularly.
Cardholders can earn a generous welcome bonus and receive high earning rates on travel and everyday spending. When you're ready to redeem your rewards, use them for travel or cash back — or transfer points directly to hotel and airline partners.
The Wells Fargo Autograph Journey Visa's earning power and transfer partners open up a tremendous opportunity to get maximum value on every dollar you spend on the card.
#wells #travel #transfer
Wells Fargo has designed its Wells Fargo Autograph Journey® Card with travelers in mind. The card's earning power, benefits, and redemption options offer the most value for people who travel regularly.
Cardholders can earn a generous welcome bonus and receive high earning rates on travel and everyday spending. When you're ready to redeem your rewards, use them for travel or cash back — or transfer points directly to hotel and airline partners.
The Wells Fargo Autograph Journey Visa's earning power and transfer partners open up a tremendous opportunity to get maximum value on every dollar you spend on the card.
#wells #travel #transfer
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Savor card earns the most rewards in bonus categories that are bound to benefit you while traveling abroad. Whether you like to try new restaurants in each city you visit or shop locally to prepare your own meals, you'll get 3% on your food spending. But we especially like how broad the "entertainment" category is, including tickets to tourist attractions, theater shows, amusement parks, and more. This no foreign transaction fee credit card also has no annual fee to offset all the rewards you'll earn.
Why we like it: At just $95 annually, the Chase Sapphire Preferred is one of the best credit cards without foreign transaction fees. It can offer outsized value for international travelers looking for great redemption value, as you can rack up points in various everyday and travel-related categories and then redeem them for travel.
You might choose to transfer points at a 1:1 ratio to one of Chase's 14 partner airline and hotel loyalty programs. Or, you can book travel through Chase using points and get redemption boost on select eligible bookings.
Why we like it: We like the Capital One Venture X as a travel card with premium rewards and benefits for a lower annual fee than some other competitors. If you're looking for a credit card with no foreign transaction fees because you often travel internationally, this card can help you maximize your frequent trips.
#like #card #points #categories
Why we like it: The Savor card earns the most rewards in bonus categories that are bound to benefit you while traveling abroad. Whether you like to try new restaurants in each city you visit or shop locally to prepare your own meals, you'll get 3% on your food spending. But we especially like how broad the "entertainment" category is, including tickets to tourist attractions, theater shows, amusement parks, and more. This no foreign transaction fee credit card also has no annual fee to offset all the rewards you'll earn.
Why we like it: At just $95 annually, the Chase Sapphire Preferred is one of the best credit cards without foreign transaction fees. It can offer outsized value for international travelers looking for great redemption value, as you can rack up points in various everyday and travel-related categories and then redeem them for travel.
You might choose to transfer points at a 1:1 ratio to one of Chase's 14 partner airline and hotel loyalty programs. Or, you can book travel through Chase using points and get redemption boost on select eligible bookings.
Why we like it: We like the Capital One Venture X as a travel card with premium rewards and benefits for a lower annual fee than some other competitors. If you're looking for a credit card with no foreign transaction fees because you often travel internationally, this card can help you maximize your frequent trips.
#like #card #points #categories
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: Chase Freedom Unlimited offers a valuable cash-back rewards combo for taking on costly wedding expenses. You earn 5% cash back on travel purchased through Chase Travel, 3% on drugstore purchases and dining at restaurants (including takeout and eligible delivery service), and 1.5% on all other purchases, plus, there's an introductory 0% APR you can use to finance your wedding purchases and pay them off over time.
The rewards you earn with this card are even more lucrative if you also have a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®. While you'll earn rewards as cash back, you can also redeem them toward travel purchases through Chase Travel. If you have one of the Sapphire cards, combine your rewards under that card account and get up to a 1.75x (for Chase Sapphire Preferred) or up to 2x (for Chase Sapphire Reserve) boosted Chase Travel redemption rate — a great way to maximize your Chase rewards toward your honeymoon or another upcoming trip.
Learn more: See our picks for the best Chase credit card
Why we like it: If you want to use your wedding expenses to help fund the honeymoon you'll take afterward, the Capital One Venture is a great option. You'll earn a flat 2x miles on every dollar you spend, so you don't need to worry about the specific categories your wedding spending may fall into. If you have wedding-related travel expenses to book, you can get up to 5x miles on hotels and car rentals through the Capital One Travel portal.
#sapphire #card #purchases
Why we like it: Chase Freedom Unlimited offers a valuable cash-back rewards combo for taking on costly wedding expenses. You earn 5% cash back on travel purchased through Chase Travel, 3% on drugstore purchases and dining at restaurants (including takeout and eligible delivery service), and 1.5% on all other purchases, plus, there's an introductory 0% APR you can use to finance your wedding purchases and pay them off over time.
The rewards you earn with this card are even more lucrative if you also have a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®. While you'll earn rewards as cash back, you can also redeem them toward travel purchases through Chase Travel. If you have one of the Sapphire cards, combine your rewards under that card account and get up to a 1.75x (for Chase Sapphire Preferred) or up to 2x (for Chase Sapphire Reserve) boosted Chase Travel redemption rate — a great way to maximize your Chase rewards toward your honeymoon or another upcoming trip.
Learn more: See our picks for the best Chase credit card
Why we like it: If you want to use your wedding expenses to help fund the honeymoon you'll take afterward, the Capital One Venture is a great option. You'll earn a flat 2x miles on every dollar you spend, so you don't need to worry about the specific categories your wedding spending may fall into. If you have wedding-related travel expenses to book, you can get up to 5x miles on hotels and car rentals through the Capital One Travel portal.
#sapphire #card #purchases
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Chase Sapphire Preferred offers great rewards in addition to a solid welcome offer, up to $100 in annual hotel credits when you purchase through Chase Travel℠, and travel protections.
Plus, you can increase your rewards value with the right redemption. Travel transfer partners like Marriott Bonvoy and Southwest Rapid Rewards may be great options for saving on your next Disney trip with 1:1 transfers.
This card is useful beyond your Disney trip, with bonus rewards on a variety of everyday purchases — such as restaurants, streaming (including Disney+), and online groceries. Families can easily use it to accumulate points over time to put toward an annual vacation.
Read our full review of the Chase Sapphire Preferred
#rewards #chase #travel #preferred
Why we like it: The Chase Sapphire Preferred offers great rewards in addition to a solid welcome offer, up to $100 in annual hotel credits when you purchase through Chase Travel℠, and travel protections.
Plus, you can increase your rewards value with the right redemption. Travel transfer partners like Marriott Bonvoy and Southwest Rapid Rewards may be great options for saving on your next Disney trip with 1:1 transfers.
This card is useful beyond your Disney trip, with bonus rewards on a variety of everyday purchases — such as restaurants, streaming (including Disney+), and online groceries. Families can easily use it to accumulate points over time to put toward an annual vacation.
Read our full review of the Chase Sapphire Preferred
#rewards #chase #travel #preferred
