December 23, 2023
“…It’s the first time US Bank has sold this type of securitization, according to a preliminary ratings report by Moody’s Investors Service. The notes effectively allow the issuer to transfer credit risk tied to the underlying loans over to investors.… Continue Reading…
December 20, 2023
“More than two-thirds of the U.S. House of Representatives voted in favor of a defense policy bill on Thursday that includes a record $886 billion in annual military spending and authorizes policies such as aid for Ukraine and push back… Continue Reading…
December 15, 2023
“Developing countries paid a record $443.5 billion in 2022 to service their public debt as global interest rates surged, according to the World Bank… The cost of servicing debt for the world’s 24 poorest nations could surge by as much… Continue Reading…
December 13, 2023
“The U.S. Environmental Protection Agency is adding some “forever chemicals” to the list of toxins in drinking water that must be reported. That is going to require a lot of infrastructure investment… About 300 million people in the U.S. receive… Continue Reading…
December 11, 2023
“Michael Baum’s cybersecurity software company, Splunk, just sold to Cisco for $28 billion. It might have never even existed if Steve Jobs didn’t visit Drexel University in 1983…” https://www.cnbc.com/2023/09/23/splunk-sold-for-28-billion-steve-jobs-inspired-co-founder-in-college.html Most of the article was not about the business itself so I… Continue Reading…
December 7, 2023
“Cryptocurrency mining hardware retailer Phoenix Group Plc jumped 35% on its Abu Dhabi debut, as the first crypto-related listing in the Middle East surged amid a rally in Bitcoin. That gave the six-year-old company a market capitalization of 12.3 billion… Continue Reading…
December 7, 2023
“Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to consultants hoping to help the industry adapt in this fast-moving area… Tools like this could eventually take over… Continue Reading…
December 7, 2023
“Three of the 10 listed Adani Group stocks surged by their daily limit, headlining a blockbuster day for billionaire Gautam Adani that added $23 billion to his conglomerate’s market value… Adani Green Energy Ltd., which secured a $1.4 billion loan… Continue Reading…
December 7, 2023
“…It’s the first time US Bank has sold this type of securitization, according to a preliminary ratings report by Moody’s Investors Service. The notes effectively allow the issuer to transfer credit risk tied to the underlying loans over to investors.… Continue Reading…
December 6, 2023
“As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion… Authorities over the weekend said they’ve opened criminal investigations… Continue Reading…
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