Bloomberg Business

(Bloomberg) — By all accounts — including Elon Musk’s — Twitter has more than enough money to make its first interest payments, expected to total about $300 million.

(Bloomberg) — Central banks in Indonesia and Malaysia will likely deliver another modest interest rate increase each as they look to wind down their monetary tightening and turn their attention to economic growth.

(Bloomberg) — Oaktree Capital Group LLC co-founder Howard Marks, a closely watched investor in high yield debt, says the rally in junk bonds can’t last.

(Bloomberg) — Alcoa Corp.’s aluminum shipments will be weaker than anticipated this year amid ongoing uncertainties caused by global inflation, dwindling demand in Europe and a soft economic outlook in China, the world’s biggest consumer.

Apple Inc. is working on a slate of devices aimed at challenging Amazon.com Inc. and Google in the smart-home market, including new displays and a faster TV set-top box, after relaunching its larger HomePod speaker.

US stocks ended the day just off session lows after weak economic data rekindled concern over the outlook for growth and corporate earnings. Treasuries rallied, while the dollar rebounded on deteriorating risk sentiment.

Digital-asset exchange FTX’s implosion shows that US platforms should face heightened scrutiny from the Commodity Futures Trading Commission before being able to list crypto assets, according to one top official at the regulator.

Oil fell for the first time in almost two weeks as disappointing US economic data ignited fears of a recession and sparked a sell-off across Wall Street.