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U.S. High-yield Bond Funds Draw Cash As Recession Fears Ebb

U.S high-yield bond funds are attracting heavy investments, a turnaround from the selloffs of the first half of this year, as investors bet that the Federal Reserve will limit future interest rate hikes to try to avert an economic slowdown.
Logo of Zurich Insurance is seen at a former office building in Zurich

Zurich Insurance Shares Rise On H1 Profit Beat, Share Buyback

Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher.
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