Treasuries sank as a handful of companies flooded the market with billions of dollars in debt sales before this month’s key economic data and the Federal Reserve’s rate decision. Stocks fell and the dollar hit the highest since March as a rally in oil added to concern about inflation.
Walt Disney Co. and Charter Communications Inc., locked in a fee standoff that’s cut off 14.7 million cable TV viewers from ESPN, are steering consumers to online services where they can replace the lost channels.
United Airlines Holdings Inc. suffered a temporary grounding of its aircraft nationwide due to a software update that caused a “widespread slowdown” in its technology systems.
Global debt markets are bursting with new deals as September kicks off, with investment-grade companies rushing to lock in borrowing costs before central bankers can raise them further.
A unit of South Korea’s Solus Advanced Materials Co. will revive an old plant in Canada to produce copper foils for electric vehicle batteries, with significant financial help from governments.
Prosecutors in Representative George Santos’s federal fraud case said the two sides are discussing “possible paths forward,” as the US won a postponement to accommodate the talks.
Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy, has crossed $1 billion in assets even as it comes under legal scrutiny.
No. 2 iron ore miner Vale SA said the outlook for China’s steel-intensive property sector is “more encouraging” despite uncertainties, and reiterated its long-term view of the global steel market remains intact.
Manchester United Plc shares fell by a record amount on Tuesday after a report in the Mail On Sunday that said the Glazer family is going to take the club off the market after failing to receive offers that match their asking price.
Troubled Brazilian fertilizer maker Unigel Participacoes won additional time from local creditors to avoid breaching a covenant which would trigger a cross-default clause on its dollar debt.
