S&P downgrades Thames Water debt further into ‘junk’ territory

Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing

Business - Financial Times - October 29

Southern Water at risk of debt default in event of further credit downgrades

Bond issue documentation shows UK utility under pressure over high financing costs

Business - Financial Times - November 5

Thames Water secures £3bn loan to survive into 2025

The UK's biggest utility company agrees a lifeline to help it last until next October.

How Thames Water became a battleground for hedge funds

Rival groups of bondholders are vying to extend loans to the troubled UK utility

Business - Financial Times - November 10

Thames Water wins bondholder approval for £3bn emergency loan

Three-quarters of top ranking lenders approve expensive plan to avert cash crunch

Business - Financial Times - November 13

Tory treasurer’s water company in discussions to take stake in Thames Water

Castle Water’s plans for the troubled utility include an eventual IPO

Business - Financial Times - October 25

Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt

Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”

World - ABC News - 5 days ago

Thames Water seeks up to £3bn in emergency loans from creditors

New debt would involve 9.75% interest charges as utility group seeks to stave off nationalisation

Business - Financial Times - October 25

Thames Water Proposes $3.9 Billion Funding Deal to Continue Operations

The U.K. water company said the deal would enable the debt-laden company to continue with its planned investment and maintenance of its infrastructure.

Business - The Wall Street Journal - October 25

Rival creditor group offers Thames Water emergency loan at lower rate

The UK’s largest water and sewerage provider is struggling with a £19bn debt load

Business - Financial Times - October 31

Thames Water’s emergency loan could cost £800mn in interest and fees

Mooted £3bn loan will hit customers and drain troubled utility’s resources, warn experts

World - Financial Times - 4 days ago

Three water firms blocked from using customer money for bonuses

The regulator Ofwat's new powers prevent bonuses being funded from customer bills.

Thames Water lenders call for more backers for £1.5bn rescue cash – business live

Live, rolling coverage of business, economics and financial markets as UK water company races to secure new lifeline before December crunch. In Germany the manufacturing recession has been ...

World - The Guardian - November 4

Ozempic Could Crush the Junk Food Industry. But It Is Fighting Back.

As revolutionary new weight-loss drugs turn consumers off ultraprocessed foods, the industry is on the hunt for new products.

Health - The New York Times - 2 days ago

These are the S&P 500’s biggest laggards for October, down by as much as 29%

Super Micro joined the list after a 33% drop on Wednesday.

Business - MarketWatch - October 31

Trump expresses tentative support for RFK Jr.’s plan to remove fluoride from water supply

Former President Trump expressed tentative support for former independent presidential candidate Robert F. Kennedy Jr.’s plan to remove fluoride from water. “Well, I haven’t talked to him about it ...

Politics - The Hill - November 3

What to know about fluoride in water following RFK Jr.'s health claims

Robert F. Kennedy Jr.'s recent comments on fluoride are prompting questions about its safety in drinking water. Here's what to know.

Florida city votes to remove fluoride from drinking water, citing RFK Jr.'s comments as one of the reasons

A Florida city voted this week to remove fluoride from its drinking water, with one city commissioner citing Robert F. Kennedy Jr.’s past comments on the matter as one of the reasons. The city ...

Politics - The Hill - 5 days ago

Eurozone activity contracts again in October, S&P PMI surveys suggest

The eurozone’s economy looks set to weaken further, with activity contracting for a second-straight month, as policymakers at the European Central Bank consider whether to accelerate interest-rate ...

Business - MarketWatch - October 24

This ETF has trounced the S&P 500 with bets on AI in a surprising sector

Macrae Sykes of Gabelli Funds explains his strategy, which looks beyond the Nvidia-focused AI hardware buildout.

Business - MarketWatch - October 26

Why these 17 stocks in the S&P 500 are now more compelling

BlackRock CEO Larry Fink says companies’ earnings are “catching up” to high P/E ratios for their stocks. Here are 10 companies to keep an eye on.

Business - MarketWatch - November 2

The S&P 500 has come to a major postelection crossroads

All-time highs were made, but not with the broad market participation you want to see.

Business - MarketWatch - 5 days ago

Saturday Sessions: Amythyst Kiah performs "S P A C E"

Singer-songwriter Amythyst Kiah taught herself how to play guitar at 13 and studied bluegrass and roots music at East Tennessee State University. Soon after, she took all she had learned to record ...

The S&P 500 is inflated by 25% because investors won’t focus on the fundamentals

A bull market rooted in earnings is far more solid than one riding on emotions.

Business - MarketWatch - 10 hours ago

Brussels downgrades Eurozone growth forecast to 1.3%

Germany’s economic struggles weigh down on region as US continues to outpace Europe

Business - Financial Times - 6 days ago

Fitch Downgrades Spirit Airlines’ Credit Rating

Spirit Airlines is working on alternatives to improve its liquidity.

Business - Inc. - 5 days ago

SpaceX in Talks With European Space Agency to Clean Up Space Junk

The 22-nation agency wants to clean the heavens a bit and fulfill its Zero Debris charter, which aims to stop any new orbital garbage being generated by 2030.

Business - Inc. - October 24

Junk science provides legal ammo for mass lawsuit deception

Plaintiffs' lawyers are using junk science to manipulate mass tort cases, causing a chilling effect on scientific innovation and a hidden "tort tax" of $3,965 per family.

Politics - The Hill - 5 days ago

Dog dies on Alaska Air flight after downgrade to coach, lawsuit alleges

Pet owner claims his French bulldog died as a direct result of the airline moving him from first class to coach just before takeoff.

Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade

Aircraft maker is racing to ease pressure on its balance sheet exacerbated by a labour strike

Business - Financial Times - October 29

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 31

U.S. economy keeps up the momentum ahead of holiday shopping season, S&P finds

The U.S. economy got off to a good start in the fourth quarter, a pair of S&P surveys found, and pointed toward steady growth at the tail end of the year.

Business - MarketWatch - October 24

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