Lenders Pitch €7 Billion to Back a Siemens Energy Unit Sale, With €1.5 Billion of It Just for Guarantee Lines
Siemens Energy is selling the business that serves industry to concentrate on the electricity infrastructure AI demand is driving.
A Secured Lender Is Suing to Stop Cable One Paying $480 Million for Equity the Company Values at $54 Million
GTCR exercised a put option. The price was fixed years ago and is now roughly nine times what the asset...
Ledger Wallets Drained After Purchases From One Reseller, Showing the Weak Point Is Distribution Not the Device
Self-custody does not remove counterparty risk. It moves it to manufacturers and resellers with no oversight and no recovery.
Brazil Swaps Fell the Most Since 2003 on a Fiscal Turnaround of Three Points of GDP That Nobody Has Detailed
EWZ is up almost 12% in a week. The adjustment being priced requires moving from a 0.6% deficit to a...
Ledger Wallets Drained After Purchases From One Reseller, Showing the Weak Point Is Distribution Not the Device
Self-custody does not remove counterparty risk. It moves it to manufacturers and resellers with no oversight and no recovery.
A Verizon Bond Issued in May Hit Its Widest Ever Spread After SpaceX Said It Will Become a Major Mobile Carrier
AT&T and Verizon are the third and fourth largest nonfinancial issuers in the high-grade index, so every broad bond fund...
Firmus Asked $30 Billion on $51 Million of Revenue With 5% of Its Pipeline Built. Investors Said No Twice
The first hard evidence that public markets will refuse AI infrastructure paper at some price, after months of capital flowing...
South African Inflation Has Already Gone From 3% to 4.4% on Fuel, Larger Than the Worst Case UK Economists Forecast
Nigeria is reintroducing price smoothing three years after abolishing fuel subsidies, with elections in January.
Canada Sheds 68,300 Jobs, Wiping Out This Year’s Gains, as the Loonie Hits Its Weakest Since April 2025
Fewer rate hikes means a weaker currency, which raises imported energy costs, which argues for more hikes. The loop is...
Median Net Worth Rose 2% in Three Years While the Average Rose 7%, and Stock Ownership Fell as the Market Hit Records
The bottom half of earners accounted for nearly all the decline in participation. They exited before the gains.
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