Bloomberg Business

Yellow’s Downfall Throws $700 Million US Covid Loan in Jeopardy

The collapse of trucking giant Yellow Corp. casts doubt on whether the US government will be able to fully recoup a controversial $700 million loan for an enterprise that was already in financial trouble before the Treasury threw it a Covid lifeline.

Share Buybacks Get the Boot as Corporate America Reinvests in Itself

Of all the signs out there that the US will manage to dodge a recession once deemed inevitable, perhaps none is more convincing than this: CEOs across the country are opting to reinvest more of their profits in expansion projects rather than handing the money back to shareholders.

Niger’s New Military Leader Warns Against Intervention Threat

Niger’s new military leader said the junta won’t bow to international pressure to relinquish power, escalating a standoff with a regional bloc that has threatened to use force if the nation’s democratically elected president isn’t reinstated.

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