Buoyed by a record announcement from Apple Inc., Corporate America disclosed plans to repurchase $201 billion of its own stock in May, the most ever for the month, according to data compiled by Birinyi Associates. from Bloomberg Markets https://ift.tt/x6qFgNh
May has been the busiest month ever in the US leveraged loan market, with corporate borrowers taking advantage of investors’ relentless demand for the higher-rate debt. from Bloomberg Markets https://ift.tt/uWQid1q
MoneyGram International Inc. has sweetened terms of its $398 million leveraged loan repricing, as the money-transfer firm looks to complete the deal amid a record rush of activity. from Bloomberg Markets https://ift.tt/dlTG5fj
S&P Global Ratings downgraded France, tarnishing President Emmanuel Macron’s record for debt management as his government struggles to get a grip on public finances in the wake of the Covid pandemic and energy crisis. from Bloomberg Markets https://ift.tt/xMtThBG
Edison International President and CEO Pedro Pizarro discusses the recent issues with California utilities and the growth of artificial intelligence on Bloomberg Television. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/Jm6HERv
President Biden outlines three-phase plan from Israel to end the war saying the deal would ensure an “enduring cease-fire and the release of all hostages.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/HKg2JGt
IXM’s co-head of refined-metals trading is leaving the company, the latest in a series of personnel changes at the trading house owned by Chinese miner CMOC Group. from Bloomberg Markets https://ift.tt/5s6v4Ug
Investors are pouring cash into leveraged loans, making the risky asset class a star performer in credit markets as the prospect of higher-for-longer interest rates boosts the appeal of floating-rate debt. from Bloomberg Markets https://ift.tt/KnWeTfm
Venezuela’s government is doubling down on efforts to prevent the bolivar from weakening and causing a spike in inflation ahead of presidential elections this year. from Bloomberg Markets https://ift.tt/GToCYuU
US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. from Bloomberg Markets https://ift.tt/sBlbLXi