By Joey Roulette and David Shepardson WASHINGTON (Reuters) -Acting NASA chief Sean Duffy and billionaire Elon Musk on Tuesday traded barbs online over who should lead the space agency, a day after Duffy invited companies to compete with Musk’s SpaceX for a moon landing mission. The spat involving the U.S. space program and the SpaceX …
Musk, NASA chief Duffy jostle over space agency leadership Read More »
By Patturaja Murugaboopathy (Reuters) -U.S. loan funds are seeing sharp outflows this month as the bankruptcy of First Brands Group raises concerns over opaque financing and the robustness of underwriting standards in the private credit market. Loan exchange-traded funds, which invest in syndicated loans that are often bundled into collateralized loan obligations (CLOs), saw about …
First Brands bankruptcy sparks sharp outflow from US loan funds Read More »
By Harshita Mary Varghese (Reuters) -AT&T added more wireless subscribers than expected in the third quarter, as bundled plans and heavy promotions around the latest iPhone launch helped it attract more customers in a fiercely competitive market. Shares of the company slipped about 2% in morning trading on Wednesday after the U.S. wireless carrier slightly …
AT&T tops subscriber estimates as bundled plans, iPhone promotions lift demand Read More »
MADRID (Reuters) -Spanish bank Santander had debt exposure to bankrupt auto parts maker First Brands Group of at least $55 million by the end of September, a U.S. court document, seen by Reuters, showed. The collapse of First Brands and subprime lender and dealership Tricolor has unsettled Wall Street’s multitrillion-dollar credit market, which includes leveraged …
Santander had $55 million debt exposure to First Brands, US court document shows Read More »
(Corrects paragraph 11 in October 21 story to say Travelers beat profit estimates, not missed, and drops reference to slower commercial property growth in same paragraph) (Reuters) -Insurance company Chubb reported a rise in third-quarter profit on Tuesday, helped by lower catastrophe losses, higher investment returns and strong underwriting fees. Resilient consumer spending, despite higher …
By Akriti Shah and Jaspreet Singh (Reuters) -Shares of Texas Instruments fell 6% on Wednesday, after the chipmaker’s downbeat fourth-quarter profit and revenue outlook deepened worries over a drawn-out recovery in the analog chip market as tariff uncertainty plagues the wider industry. The overall rebound has been dampened by an uncertain economy and customer caution, …
TI shares slide as bleak outlook signals prolonged chip market slump Read More »
(Reuters) -Ratings agency Moody’s raised its annual revenue and profit forecasts on Wednesday, on the back of strong momentum in its analytics unit and robust bond issuance activity. WHY IT’S IMPORTANT Credit spreads are a crucial gauge of the health of the corporate sector and play an important role in shaping the bond issuance environment. …
Moody’s raises annual earnings forecasts on strong issuance activity, analytics strength Read More »
By Katha Kalia (Reuters) -U.S. chemical companies are likely to post another quarter of subdued earnings as tariffs, weak industrial demand and Chinese overcapacity squeeze margins and sentiment across the sector. Major producers including LyondellBasell, Dow, Sherwin-Williams, Celanese and Eastman Chemical are expected to post weaker profits after a tough second quarter marked by soft …
US chemical firms set for another weak quarter on China-led supply glut, tariffs Read More »
(Reuters) -U.S. banks’ loans to private credit providers have surged to nearly $300 billion, Moody’s said in a report on Tuesday, and the ratings agency warned that smaller lenders could face heightened risks if underwriting standards weaken. Loans to non-depository financial institutions (NDFIs) are now 10.4% of total bank loans, nearly three times the 3.6% …
US banks’ surge in loans to private creditors may pose risks, Moody’s says Read More »
(Reuters) -The Federal Reserve has shown other U.S. regulators the outlines of a revised plan that would dramatically relax a Biden-era bank capital proposal for Wall Street’s largest lenders, Bloomberg News reported on Wednesday. Some officials have calculated that the terms of the Fed’s plan would lead to an increase of between about 3% and …
US Fed floats plan with smaller capital hikes for big banks, Bloomberg News reports Read More »
