Goldman Sachs this week increased its default forecast for U.S. high-yield, or “junk-rated,” corporate bonds this year to 4% from 2.8% after more companies this year have been buckling under their debts. The cloudier outlook for junk bonds comes as...
Eurozone business activity expanded faster than expected in March, driven by growth in the dominant services sector, indicating that an economic rebound from last year’s energy crisis remains on track. A survey of purchasing managers published by S&P Global on...
ICC bars – also known as rear impact guards – have been a regular fixture on most trailers for many years, but recent changes in standards have led to even wider adoption. With changing configurations has along come difficulties at...
U.S. stocks were struggling between gains and losses on Thursday afternoon, after clawing back some of the Wednesday’s selloff as investors attempted to shake off concerns about banking-sector stability and the impact of an expected credit crunch.How stocks are trading...
The global banking system has been rocked by the collapse of Silicon Valley Bank, Signature Bank and the last-minute rescue of Credit Suisse READ SOURCE...
Vietnamese carmaker VinFast said on Thursday it will begin delivering its new electric sport utility vehicles (SUVs) to local customers this week and will target overseas deliveries in the coming months. VinFast, which began operations in 2019, is gearing...
Hi, MarketWatchers. Don’t miss these top stories.MacKenzie Scott invites nonprofits to apply for $250 million in funding — the first time she’s asked groups to approach her The billionaire philanthropist has handed out more than $14 billion since her 2019...
Elvis Presley’s private jet, a 1962 Lockheed 1329 JetStar, has seen much better days. After years of carrying the King around the country, it’s essentially been left to rust. But now there’s hope for the plane to get back out...
The intelligence is synthetic. The bullishness it engenders is natural. Generative AI chatbots may allow humans to interact seamlessly with computers. OpenAI’s popular ChatGPT programme has therefore inspired optimism in tech, dispelling gloom around defunct Silicon Valley Bank.Google just launched...
South Korea’s trade ministry said on Wednesday the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern” will not force recipients to shut down their China factories. The US Commerce...
