World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
Posted inBankruptcies Coronavirus (2019-nCoV) Credit and Debt International Brotherhood of Teamsters Labor and Jobs Mergers, Acquisitions and Divestitures Organized Labor Pensions and Retirement Plans Riggs Amico, Sarah Shutdowns (Institutional) Stocks and Bonds Trucks and Trucking
Yellow Rejects a Bid to Restart Trucking Company
In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.”
China Evergrande May Finally Meet Its End in Hong Kong Court
A Hong Kong judge could set in motion the liquidation of the property developer, which was once considered one of China’s most successful companies.
Posted inBanking and Financial Institutions Carvana Co Corporations Credit and Debt Credit Ratings and Credit Rating Agencies Federal Reserve Bank of Chicago Federal Reserve System Inflation (Economics) Interest Rates Junk Bonds Moody's Investors Service Inc National Federation of Independent Business Private Equity Small Business United States Economy
Corporate America Has Dodged the Damage of High Rates. For Now.
Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.