A draft report by a government contractor shows that U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would fail if the U.S. government goes ahead with a plan to further limit shipments to the blacklisted company. The Read More
The fixed-income market’s perfect record of making stock traders nervous is in jeopardy. Rates on two-year and ten-year Treasuries have been going up for six weeks in a row, and cash payouts are at or above the earnings yield of Read More
Ghana’s missed coupon payments on its foreign denominated bonds have been ruled to count as a failure-to-pay event by a panel of investors and banks. This ruling paves the way for a payout of the default-insurance contracts that are tied Read More
Companies are using price differences in the debt and derivatives markets to lower the amount they have to pay to borrow money. Investors who want to take advantage of rising interest rates buy the debt, even if the extra yield Read More
Oil was poised for a weekly rise as optimism on China’s economic revival countered concerns regarding the likelihood of further monetary policy tightening in the United States. Even though it fell below $78 a barrel, the price of West Texas Read More
According to data provided by Black Knight, more than forty percent of all mortgages in the United States were initiated in the years 2020 or 2021. This was around the time that the pandemic pushed down the cost of borrowing Read More
Friday, Tesla (TSLA) stock went up after the company said that sales in China were strong.China’s Passenger Car Association says that Tesla’s wholesale shipments from its China factory rose 32% from a year ago to 74,402 cars in February (CPCA). Read More
Bitcoin dropped by almost 5% on Thursday night after a major industry bank, Silvergate Capital, sent a late notice on Wednesday expressing doubts about the future of its business. Between 8:18 p.m. and 9:05 p.m. Thursday, New York time, the Read More
Wayne Shorter, who was 89 years old, died in Los Angeles. He was one of the best jazz saxophonists ever. Shorter was a well-known jazz musician in the late 1950s. Much of the jazz music of the 20th century can Read More
A manager of a cryptocurrency fund that oversees $400 million is appealing to Swiss banks for assistance in filling the void left by the unraveling of a crucial payments network that was controlled by an insolvent US lender called Silvergate Read More