High-Yield Debt Rush Is Just Getting Started, BlackRock’s Lynam Says
BlackRock Inc.’s Amanda Lynam says the rebound in junk-debt issuance is set to accelerate, as companies work to get ahead of a wall of maturities starting in 2025.
Bloomberg Business
McCarthy’s Plan to Avert US Government Shutdown Faces Backlash From GOP Hardliners
House Speaker Kevin McCarthy’s latest proposal to avert a US government shutdown is already facing stiff resistance from ultra-conservatives whose votes the California Republican needs for passage.
Mercedes CEO Pushes for Open Markets as China Tensions Grow
Mercedes-Benz Group AG’s top executive sees measures to decouple from China as a risk to healthy competition and global automotive supply chains.
New York Cracks Down on Crypto Coin Listings With Fresh Guidance
Crypto firms in New York are facing stiffer requirements for listing coins as part of a bid by the state to boost oversight.
Instacart’s Long-Awaited IPO to Test Market, CEO’s Pivot
Online grocery startup Instacart has been flirting with an initial public offering for years and is finally set to take the plunge Monday in another bellwether listing for a still-anxious market.
Crypto Funds See Almost $500 Million in Outflows Over Nine Weeks
Despite wins against the US Securities and Exchange Commission and new Bitcoin ETF filings, investors withdrew nearly half a billion dollars from cryptocurrency products over the last nine weeks.
Unity Overhauls Controversial Price Hike After Game Developers Revolt
Maker of video-game development tools backtracks after customers threaten boycott
Marathon Is Bidding on Signature’s Commercial Real Estate Portfolio, CEO Says
The biggest opportunity in the distressed debt space right now is in commercial real estate, according to Bruce Richards, chief executive officer of Marathon Asset Management.
Carbon-Cutting Market Needed in Energy Transition, Exxon CEO Says
Government policy isn’t enough to reduce emissions and accelerate the world’s transition to cleaner energy sources and a market for carbon-emission reductions is needed, Exxon Mobil Corp. Chief Executive Officer Darren Woods said.
Five Americans Freed in Prisoner Swap With Iran Land in Qatar
Five Americans freed in a prisoner-swap deal with Iran landed safely in Qatar, the latest step in a diplomatic effort that Washington hopes could ease regional tensions and open space for progress on the Islamic Republic’s nuclear program.
