Defaults on leveraged loans soar to highest rate in 4 years

Borrowers turn to distressed exchanges in the face of punitive interest rates

Topics

In a Surprise, the SBA Grants 4 New SBLC Licenses

It’s the second year in a row that the agency has expanded its roster of small business lenders.
Inc. - 1d
The Juan Soto wealth effect: Soaring athlete salaries attract wealth management firms

Skyrocketing salaries for top athletes and lucrative deals for college players have touched off a new gold rush among wealth management firms.
NBC News - 4h
Sticky inflation creates rift at Fed over how much to cut rates

Federal Reserve leaders are unified in their resolve to quash the worst bout of inflation in four decades. They just no longer agree on how high to keep U.S. interest rates to achieve their goal.
MarketWatch - 7h
EU burns through gas storage at fastest rate since energy crisis

Colder weather and lower seaborne imports increase reliance on stored gas
Financial Times - 20h
Here Comes Santa Claus’s Approval Rating

Despite some debates in the news, Americans’ views on Santa haven’t really changed, polls show. Most parents still say he’ll visit on Christmas Eve.
The New York Times - 1d
4 highlights from the scathing Gaetz Ethics report

The scathing House Ethics Committee report released Monday caps off one of the most extensive investigations into former Rep. Matt Gaetz’s (R-Fla.) conduct, headlined by findings that Gaetz paid a ...
The Hill - 1d
Highest-paid player in college football history? Transfer QB Darian Mensah's Duke deal is sign of times

$5 million budgets become $15 million and $10 million become $25 million in a market rife with NIL inflation
CBS Sports - 1d
Watchdog calls for halt to energy loans amid insufficient conflict of interest controls

An internal government watchdog is calling on the Energy Department’s loan office to halt its financing for energy projects, saying there are insufficient controls in place to prevent conflicts of ...
The Hill - 1d
Whooping cough cases reach highest level in a decade

Whooping cough cases have reached the highest annual total in a decade and are more than six times higher than at the same time last year.
NBC News - 1d