Sale of Junk Bonds Approaches Record $361B Amid an Economic Rebound
(WSJ) The sale of low-rated company debt is surging towards a record high at $361 billion as of September, driven by economic recovery and high demand. Fig: Yearly Sale of…
(WSJ) The sale of low-rated company debt is surging towards a record high at $361 billion as of September, driven by economic recovery and high demand. Fig: Yearly Sale of…
(MarketWatch) US Treasury Secretary Janet Yellen has urged Congress to review the current debt ceiling to avert a possible financial crisis. Yellen maintains that the US had raised borrowing ceilings…
(Sorrento) Sorrento Therapeutics Inc. has announced an 81% sensitivity by COVISTIX for screening both symptomatic and asymptomatic Covid-19 infections. The 81% sensitivity is a superior rate compared to 62% reported…
(CNBC) JPMorgan will launch a digital bank in the UK next week, taking on major local lenders that include Barclays, HSBC, Lloyds, and NatWest. The launch of the digital bank…
(University of Michigan) US Consumer Sentiment Index in early September was 71.0, a marginal gain from 70.3 in the previous month. The sentiment was still down 11.7% year over year. …
(Bloomberg) Two-thirds of 52 economists in a survey predict that the Federal Reserve will announce a bond tapering on the November 2-3 meeting. The prediction is earlier than expected in…
(WSJ) Shares of Invesco Ltd rose at least 8% in premarket on news it is holding talks over a potential deal to merge with State Street Corp.’s asset-management business. The…
(Crypto Briefing) Shiba Inu Token prices rose by almost 25% within hours after Coinbase listed it on its exchange. The listing allows investors to transact on Coinbase web exchange, with…
(ONS) Sales at UK retail stores were down by 0.9% in August 2021, after another fall of 2.8% in July. The sales were still 0.3% higher in the three months…
(Bloomberg) The People’s Bank of China injected 90 billion yuan or $14 billion on Friday in the banking system to address the funding crisis and the Evergrande debt problem. Fig:…
(Bloomberg) The Managing Director of the International Monetary Fund Kristalina Georgieva has denied claims she engineered the changes made to China’s “Doing Business” report of 2018. The allegations, raised by…
(Department of Labor) US jobless claims increased by 20,000 to reach 332,000 in the week that ended September 11 from the previous week. The claims were higher than the expected…