Defaults on leveraged loans soar to highest in 4 years – The Financial Times
US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that...
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US banking giants capture biggest share of industry profits since 2015 – The Financial Times
The four biggest US banks are on course to capture their largest share of the industry’s profits in almost a decade, a sign of how...
Treasury Yields Rise Ahead of Consumer Sentiment Data – WSJ
Treasury yields extend post-Fed gains following the passage of a stopgap spending bill and ahead of the Christmas holiday. The December Conference Board consumer confidence...
Green Hydrogen Prices Will Remain Stubbornly High for Decades – Bloomberg
Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more...
Meta to add display to Ray-Bans as race over smart glasses intensifies – The Financial Times
Meta plans to add displays to its Ray-Ban smart glasses as soon as next year, as the US tech giant accelerates its plans to build...
Oil Edges Higher After U.S. Inflation Data But Demand Concerns Persist – WSJ
Oil prices inch higher after softer-than-expected U.S. inflation data eased worries over interest-rate cuts next year, but concerns over global demand trends continue to weigh...
Canada’s Economy Shrank in November for First Time This Year – Bloomberg
The Canadian economy appeared to lose its strength toward the end of this year even as the central bank cut interest rates at a rapid...
Consumer Confidence Climbs Driven by Republican Sentiment – WSJ
Consumer confidence in the U.S. jumped this month as buying conditions improved, though with enduring differences down party lines.The University of Michigan’s index of consumer...
Doubts About UK Statistics Agency’s Surveys Spread to GDP Data – Bloomberg
The same kind of survey failures that have left the UK unsure about the number of people in Britain’s workforce are now raising doubts about...
The search for the world’s most efficient charities – The Economist
Giving is big business. In 2023 Americans alone handed $557bn to charities, according to the Giving USA annual report. So identifying which charities are the...