Markets

Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says

The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserve’s bond purchases revived the credit market and companies rushed to raise […]
Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says
Markets

BlackRock says European stocks will beat their US peers going forward due to superior virus response

BlackRock upgraded European equities to “overweight” from “underweight” in its mid-year outlook, citing the region’s strong policy and public health response to the coronavirus pandemic. The firm also downgraded US stocks to “neutral” from “overweight,” as surging coronavirus case counts and fading stimulus measures pose a risk to the market’s […]
BlackRock says European stocks will beat their US peers going forward due to superior virus response
Markets

US stocks decline amid renewed US-China tensions, historic jobless claims

US stocks dipped on Thursday amid renewed tensions with China. The nation responded to recent accusations from President Trump by saying it could take countermeasures. The losses also came amid data that showed jobless claims reached 2.4 million for the week that ended on Saturday. The Labour Department’s latest data […]
US stocks decline amid renewed US-China tensions, historic jobless claims
Markets

US investment-grade debt issuance tops $1 trillion on back of Fed purchases

US investment-grade bond issuance topped $US1 trillion on Tuesday as the corporate-credit market rebounds from March lows. High-grade issuance on Tuesday reached $US11.2 billion across 11 deals, Bank of America strategists said in a note. Year-to-date bond offerings trounce last year’s pace, as companies issued roughly $US1.14 trillion in investment-grade […]
US investment-grade debt issuance tops $1 trillion on back of Fed purchases
Markets

The US’s national debt spiked $1 trillion in less than 6 months

The national debt has risen to over $20 trillion. The US’s debt-to-GDP ratio is over 100%. As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion. Here’s the thing: On September […]
The US’s national debt spiked $1 trillion in less than 6 months