A shift in sentiment on Federal Reserve policy is emerging in interest-rate options, where several big wagers on the central bank’s benchmark rate reaching 6% — nearly a percentage point higher than the current consensus — have popped up this week.
Healthcare companies used to be some of the safest to lend to during economic downturns, until private equity firms bought them out and larded them with debt. Now they’re some of the riskiest borrowers in the world of leveraged loans.
The European Central Bank may need to deliver another half-point interest-rate increase after a planned hike of that size at next month’s meeting, according to Governing Council member Klaas Knot.
A daunting economic landscape will exacerbate the humanitarian catastrophe wrought by a pair of earthquakes on Turkey, as early estimates of the damage point to mounting inflation and budget risks.
Under Armour Inc. shares slipped after executives said discounting will continue for a prolonged period as the athletic brand works through excess merchandise.
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