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China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills. read more.....»»
In the Face of U.S. Ban Threats, TikTok’s Parent Company is More Profitable Than Ever
The Chinese tech giant continues to rake in billions in profits. But a potential U.S. TikTok ban looms. While TikTok faces an uncertain future in the U.S., its Chinese parent company continues to rak.....»»
Alden closes $633 million purchase of Tribune Publishing; puts newspaper chain in debt and hedge fund president in charge
Alden Global Capital has completed its $633 million purchase of Tribune Publishing, taking the Chicago-based newspaper chain private and adding the Chicago Tribune and other major dailies to the h.....»»
North Texas-based Core-Mark snapped up in $2.5B deal
Performance Food Group plans to purchase Westlake, Texas-based Core-Mark in a stock and cash deal for $2.5 billion......»»
: These workers would quit their jobs, but worry about losing health care
People who don’t have health insurance often face barriers to getting care and tend to suffer substantially from medical debt......»»
Uber And Lyft Now Face Driver Shortages, Biden Unveils More Anti-Business, "Gig Worker" Regulatory Threats
Uber And Lyft Now Face Driver Shortages, Biden Unveils More Anti-Business, 'Gig Worker' Regulatory Threats Update (0915ET): The Biden administration has canceled a signature Trump-era rule that would’ve eased busine.....»»
China"s new digital currency will be another tool for its police state
Chinese authorities want to have a digital currency in widespread use, but privacy advocates worry.....»»
MarketWatch Premium: Wary of buying international stocks? At least you no longer need to worry about hedging
New research shows that currency hedging is largely unnecessary......»»
Bond Report: U.S. Treasury yields tick higher before debt sale
U.S. Treasury yields edged higher on early Wednesday's trade, but largely clung to the floor of its recent trading range ahead of an auction for 20-year government bonds......»»
Why China ‘Bad Bank’ Huarong’s Fall Is Big Bad News: QuickTake
What happens when a company set up by the Chinese government to help clean up toxic debt in the country’s banking system gets into trouble itself? It seems we’re about to find out. Investors were spooked when China Huarong Asset Management Co.,.....»»
Li Auto shares down 4% after debt issuance news
American depositary receipts of Li Auto Inc. fell more than 4% in the extended session Tuesday after the Chinese electric-car maker said it plans on offering up to $750 million in convertible senior notes due in 2028, subject to market condit.....»»
Moody"s downgrades Duke Energy debt ratings largely on coal-ash concerns
This after Moody’s put Duke Energy ratings under review last month, following the January announcement of a settlement proposed to the N.C. Utilities Commission......»»
Applied Materials officially declares Kokusai Electric deal terminated as "timely" Chinese regulatory approval fails to arrive
Applied Materials Inc. announced Monday that its agreement to purchase Kokusai Electric Corp. has terminated because the company didn't obtain approval for the deal by Chinese regulators in time. Applied Materi.....»»
France Summons Chinese Ambassador After "Small-Time Thug" Insult & Threats
France Summons Chinese Ambassador After "Small-Time Thug" Insult & Threats.....»»
The week in bankruptcies: Performance Spine and Sports Medicine of Newtown LLC and Wanted Ace LLC.
Philadelphia area bankruptcy courts recorded two business filings - including zero with total debt above $1 million - during the week that ended March 5, 2021. Year to date through March 5, 2021, the court recorded 9 Chapter 7 or Chapter 11 busine.....»»
Tesla"s stock swings up after bitcoin purchase disclosure and China regulator summons report
Shares Tesla Inc. seesawed back into positive territory, and was last up 1.7% in premarket trading, after reports about being summoned by Chinese regulators and a disclosure that it bought $1.5 billion worth of bitcoin. The electric vehicle maker also sa.....»»
Performance Food Group"s Debt Insights
Shares of Performance Food Group (NYSE:PFGC) rose by 13.11% in the past three months. Before we understand the importance of debt, let us look at how much debt Performance Food Group has. read more.....»»
Market Extra: Chinese bonds attracted record $186.1 billion of inflows in 2020
Overseas investors plowed billions into Chinese bond markets last year, reflecting the growing attractions of its debt to yield-hungry investors......»»
Stocks are unlikely to repeat last year"s record-shattering performance in 2021 as a V-shaped recovery is largely priced in, Morgan Stanley says
Mike Wilson said "unprofitable growth stocks with big valuations" may underperform in 2021 during a recent Morgan Stanley podcast episode. Spencer .....»»
U.S. bans technology exports to Chinese semiconductor and drone companies, calling them security threats
The Trump administration added China's largest semiconductor maker and dozens of other companies to a trade blacklist, continuing its pressure campaign on Beijing in the final weeks of Trump's presidency......»»