The robust earnings at megabanks from JPMorgan Chase & Co. to Wells Fargo & Co. have poked holes in a popular theory: that an inverted yield curve hurts lenders and eventually leads to a recession.
Merger-arbitrage investors say the tide is turning in their favor after the Biden administration’s antitrust push suffered a huge legal blow this week, boosting the funds’ returns and emboldening bets on deals in regulators’ crosshairs.
AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.
BlockFi Inc. executives dismissed repeated warnings from its risk management team about not issuing substantial loans to Sam Bankman-Fried’s Alameda Research that were collateralized with digital tokens created by FTX, BlockFi creditors allege in a newly unsealed report.
Embattled New York Representative George Santos raised $133,078 in campaign contributions last quarter but remains deeply in debt as his fundraising lagged Democratic and Republican challengers.
New York City is at risk of power outages by 2025 as rising demand amid intense heat and the push toward electrification outpace the grid’s capacity.
Oil fell from an 11-week high as traders locked in profits and the commodity’s 200-day moving average again provided a barrier to further advances.
A US Securities and Exchange Commission lawsuit against Ripple Labs Inc. has kept crypto on edge since 2020 by raising the prospect that digital tokens are securities that fall under the agency’s strict regulatory purview. Yet even as a ruling Thursday seemed to undermine the watchdog’s case, the issue is far from settled.
Fitch Ratings Inc. has downgraded Petroleos Mexicanos deeper into junk, saying it doesn’t expect the company’s oil production to grow and that recent accidents have called into question its operational capacity amid mounting debt.
Tesla Inc. is returning to the US asset-backed securities market for the first time in over a year, with a $1 billion prime auto-lease transaction, a sign of how credit markets are starting to recover.
