Among previous hung debt deals, Pimco bought about €1 billion ($1 billion) of debt backing Apollo’s buyout of Worldline SA’s payment terminals unit at 85 cents on the euro. Apollo, meanwhile, bought ...

Bessent becomes Trump’s fifth cabinet pick to get confirmed, highlighting the importance lawmakers place on quickly having someone at the Treasury’s helm — and reflecting Bessent’s relatively ...

While Huang and Ellison suffered losses, other major tech billionaires’ fortunes escaped unscathed. Zuckerberg’s net worth ended the day up, gaining $4.3 billion as Meta rebounded from an ...

The amended complaint, which adds to allegations first brought in November 2023, specify that 11 advisors who were lured away between June 2021 and December 2024, and names Mariner CEO Marty Bicknell ...

“Lowering costs is great for the world,” Wood said in an interview with Bloomberg TV. “They were collapsing anyway, DeepSeek has stepped it up a notch.

The Black Swan author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia Corp. is just a taste of what’s in store for investors who blindly piled into Wall Street’s AI-driven stock rally.

Americans downgraded their expectations for benefits from the federal government after Donald Trump won the presidency, according to a new survey by the Federal Reserve Bank of New York. Anticipated ...

Liu, who will leave at the end of the month, has led the part of Citigroup that caters to its highest-wealth clients for almost four years and has had an 18-year career with the New York-based bank.

Traders piled into an ETF that tracks twice the daily returns of the Nasdaq 100 at the fastest pace ever last week.

In Europe, investors have access to more highly-levered products, including some that offer five times the daily return of their underlying holdings. American traders, meanwhile, are limited to double ...

A father-son team that managed about $1.3 billion in advisory, brokerage and retirement plan assets at UBS has joined LPL Financial’s broker-dealer, RIA and custodial platforms, according to a news ...

New-home sales are seen as a more timely measurement of housing-market activity than purchases of previously owned homes, which are calculated when contracts close. However, the data are volatile. The ...