Category: Business

  • First Brands Prepares for Chapter 11 Filing as Soon as Next Week

    First Brands Prepares for Chapter 11 Filing as Soon as Next Week

    Troubled auto-part supplier First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running while it reorganizes, according to people familiar with the negotiations. Source: Bloomberg Markets.

  • Sam's Club CEO: Consumers Remain Consistent

    Sam’s Club CEO Chris Nicholas believes that consumers have remained consistent and rational despite growing uncertainty surrounding tariff effects on consumer goods. He joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Live’ at the Bloomberg Philanthropies Global Forum to discuss consumer demand and the post tariff supply chain roadmap. (Source: Bloomberg) Source: Bloomberg Markets.

  • Walmart’s India Payments App PhonePe Files for $1.5 Billion IPO

    Walmart’s India Payments App PhonePe Files for $1.5 Billion IPO

    Walmart Inc.-backed PhonePe Ltd., India’s largest digital payments provider, has filed preliminary documents through the confidential route for an initial public offer, which may raise as much as $1.5 billion and value the fintech company at about $15 billion. Source: Bloomberg Markets.

  • ECB’s Cipollone Lauds Resilient Economy, Balanced Inflation Risk

    ECB’s Cipollone Lauds Resilient Economy, Balanced Inflation Risk

    ECB Executive Board Member Pierro Cipollone speaks exclusively to Bloomberg’s Kriti Gupta, pointing to balanced inflation risks and a resilient European economy in the face of geopolitical volatility and a strengthening euro. (Source: Bloomberg) Source: Bloomberg Markets.

  • Argentina Gets Lenders to Pledge Help, But No US Firepower Yet

    Argentina Gets Lenders to Pledge Help, But No US Firepower Yet

    Argentina expects some assistance in the form of accelerated funding from international lenders, but it’s a far cry from the more substantial boost hinted at by the US to reverse the peso’s major slump. Source: Bloomberg Markets.

  • Trump's TikTok Deal Is a Good Defensive Move, Says Purdue's Giuda

    Trump's TikTok Deal Is a Good Defensive Move, Says Purdue's Giuda

    Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue, says a deal to allow US buyers to recreate TikTok’s algorithm is a good defensive move. But Giuda, who served as Assistant Secretary of State for Global Public Affairs under the first Trump administration, says the country also needs to take offensive steps…

  • Rates ‘Volmaggedon’ Hammers a Much-Loved Wall Street Tail Hedge

    Rates ‘Volmaggedon’ Hammers a Much-Loved Wall Street Tail Hedge

    A rapid plunge in US interest-rate volatility is heaping pain on a popular Wall Street approach for hedging against financial market turmoil. Source: Bloomberg Markets.

  • Vanke Skips Interest on Onshore Private Debt, Seeks Lower Rates

    Vanke Skips Interest on Onshore Private Debt, Seeks Lower Rates

    China Vanke Co. is in talks with major domestic creditors to cut borrowing costs on private debt worth tens of billions of yuan, as the embattled developer seeks to ease liquidity stress, according to people familiar with the matter. Source: Bloomberg Markets.

  • Nvidia Says All Customers Will Be ‘Priority’ Despite OpenAI Deal

    Nvidia Says All Customers Will Be ‘Priority’ Despite OpenAI Deal

    Nvidia Corp. assured customers that its landmark deal with OpenAI to invest $100 billion and expand AI infrastructure together won’t affect the chipmaker’s relationship with other clients. Source: Bloomberg Markets.

  • Oil Slides With Focus on Russian Crude Flows, Refinery Strikes

    Oil Slides With Focus on Russian Crude Flows, Refinery Strikes

    Oil declined as traders parsed through the impact of the European Union’s latest moves on Russian supplies and strikes by Ukraine on the OPEC+ member’s energy infrastructure. Source: Bloomberg Markets.