In a ‘grabby market,’ start looking at cash and gold, says DoubleLine’s Gundlach
““I think [investors] are grabbing at assets on a limited basis.”” — Jeffrey Gundlach, DoubleLine Capital founder Billionaire hedge-fund manager Jeffrey Gundlach said he’d consider...
EchoStar initiates exchange offers to restructure debt By Investing.com
[ad_1] © Reuters. ENGLEWOOD, Colo. – EchoStar Corporation (NASDAQ:SATS), a global communications company, announced the commencement of exchange offers aimed at restructuring the debt of...
Audacy cuts debt by 80% in prepackaged bankruptcy plan By Investing.com
[ad_1] © Reuters. PHILADELPHIA – Audacy, Inc. (OTC: AUDA), a multi-platform audio content and entertainment company, announced today it has commenced a prepackaged Chapter 11...
Guess aims to manage debt with new convertible note terms By Investing.com
[ad_1] © Reuters. LOS ANGELES – Guess?, Inc. (NYSE: GES) has announced the exchange of approximately $67.1 million in principal amount of its 2.00% convertible...
Air Methods exits bankruptcy with $1.7 billion less debt By Reuters
[ad_1] © Reuters. (Reuters) – Air Methods, a private equity-owned medical helicopter company, said on Thursday it has emerged from bankruptcy nearly two months after...
2024 Interest-Rate Cut Races Debt to Avoid Hard Landing
Call it the year of the pivot. After their most aggressive interest-rate hiking cycle in four decades, key central banks in 2024 will be shifting...
Inflation is falling but interest rates are going to stay higher for longer. Way longer.
Even with the recent partial retreat in long-term real and nominal interest rates, they remain well above the ultra-low levels to which policymakers had grown...
Moody's Downgrades China's Credit Outlook to Negative Amid Economic Concerns
China faces a significant financial time bomb risk due to its banking system’s exposure to a substantial amount of hidden debt, accumulated by cities and...
Treasury’s $39 billion auction of 7-year notes was poorly received, trader says
Tuesday afternoon’s sale of 7-year Treasury notes was met with poor to lukewarm demand. The $39 billion auction was a “fairly ugly auction based on...
Why Bill Ackman thinks the economy will soon need a Fed rate cut
Stock markets are setting up for another day of gains, thanks to Fed Gov. Christopher Waller, who sparked fresh optimism that the central bank is...