(Bloomberg) -- High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach.The investment grade corporate debt market has skewed toward lower quality BBB- rated debt,…
(Bloomberg) -- Retail investors’ frenzy over small stocks in India has reached such extremes that shares of some companies that aren’t booking any sales, let alone profits, are going through the roof.These include Transglobe Foods Ltd., a fruit-jam maker that…
(Bloomberg) -- Oil held near a five-month high as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast, with forecasts saying it will strengthen rapidly into a “potentially catastrophic” Category 4 storm.Futures in New York were…
(Bloomberg) -- Chinese buyers have not only stopped snapping up iconic overseas assets, the coronavirus pandemic is ravaging the targets of deals that defined a headier era.Whereas some prolific acquirers such as HNA Group Co. and Anbang Insurance Group Co.…
Tesla Inc's chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50% more energy density in three to four years. Researchers have said the energy density of Panasonic's "2170" batteries…