Corporate bankruptcies are on the rise — and the pain won't end for a while
From Vice Media to Bed Bath & Beyond, bankruptcies are picking up again. Last week, corporate America had its worst 48-hour stretch of bankruptcies since at least 2008, according to Bloomberg. That's never a good comparison.
2023-05-23 04:15
Buy the dip? If the debt ceiling isn't resolved soon, markets will likely slide
If the United States defaults on its debt, it would be catastrophic for the economy. Millions of jobs would be impacted, the cost of borrowing money would skyrocket and government benefits many people rely wouldn't be sent on time.
2023-05-23 03:25
US Expresses ‘Serious Concerns’ About China Move Against Micron
The US has “serious concerns” about China’s move to restrict sales of Micron Technology Inc. products in the
2023-05-23 03:16
Regional Banks Rallied Last Week. Traders Continued to Short the Sector
Short sellers increased bets against regional banks last week even as the sector notched one of its best
2023-05-23 02:57
Regional Banks Could Tap Debt Market After Charles Schwab Raised $2.5 Billion in Bonds
US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in
2023-05-23 02:56
Argentina Introduces 2,000 Peso Banknote. It’s Worth $4
Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the
2023-05-23 02:53
First Citizens Sues HSBC for Poaching Dozens of SVB Staff
First Citizens Bank & Trust Co. sued HSBC Holdings Plc for allegedly raiding dozens of employees from Silicon
2023-05-23 02:29
Eskom Latest: Power Cuts Ramped Up; Netcare Fuel Costs Surge
South Africa’s state-owned power utility will ramp up rolling power outages, after a breakdown of a generation unit
2023-05-23 02:19
NYC’s Transit Agency Planning to Raise Subway Fares, Tolls
The Metropolitan Transportation Authority is planning to boost its fares and tolls in late August as the largest
2023-05-23 02:16
ECB Not Done Raising Rates, Should Keep Them High, De Cos Says
The European Central Bank still has some way to go to raise borrowing costs, which should remain high
2023-05-23 01:54
Mexico’s Foreign Investment Surges 48% as Nearshoring Booms
Mexico’s foreign direct investment rose 48% in the first quarter from regular flows recorded during the same time
2023-05-23 01:54
Two Fed Officials Say More Interest-Rate Raises May Be Needed to Cool Prices
Two Federal Reserve hawks saw the need to raise interest rates further this year, days after Chair Jerome
2023-05-23 01:50