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WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring.WeWork’s roughly $163 million of 7.875% bonds due May 2025 were trading hands at about 45 cents on the dollar on Thursday, down from about 55…
Tilray Brands Inc.’s share price dropped in the extended session Thursday after the cannabis company filed a convertible note offering to buy back older ones before they convert to stock, a month after it announced an all-stock acquisition of rival Hexo Corp. Shares of Tilray TLRY, -1.74% TLRY, -2.99% fell…
Dear Quentin, My close friend of over 20 years recently lost a child under tragic circumstances, and in recent years has fallen on hard times. She announced she would be coming to visit, and since she hasn’t visited in years I was excited. My friend is 20 years older than…
This article is reprinted by permission from NerdWallet. According to the Bureau of Labor Statistics, April’s inflation report showed a decrease for the 10th consecutive month. So why am I not celebrating yet? Because gas is still over $3 per gallon where I live in North Carolina (and it tops $4 on…
© Reuters. FILE PHOTO: Protesters hold signs during a rally in support of rail workers in Columbus, Ohio, U.S., December 13, 2022. REUTERS/Jintak Han By David Shepardson WASHINGTON (Reuters) – More than 60% of U.S. unionized railroad workers at major railroads are now are covered by new sick leave agreements,…
Investing.com — It had all the makings of a grand show, and a show is what it has been: oil prices jumped some 2% in a preliminary rally Monday fired by Saudi Arabia’s promise of deeper oncoming output cuts, before the trade wisened up to settle at a meekly higher…
(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday after May’s non-farm payrolls report showed employment numbers surged, while traders weighed the merits of the U.S. Federal…
By Steven Scheer TEL AVIV (Reuters) – OpenAI CEO Sam Altman predicted on Monday a “huge role” for Israel in reducing risks from artificial intelligence and eyed investment opportunities in the country even as it debates whether and how to regulate the technology behind ChatGPT. Altman is one of the…
Could it be the Federal Reserve has just won the war on inflation? It’s hard to be certain, but the data sure look promising. The question is does the Fed see what others see? Probably not. “PPI is a critical leading indicator of inflation and is a clear signal that…
Phone menus, also known as Interactive Voice Response (IVR) systems, could be a blessing when all goes well, but extremely frustrating when all a consumer wants is a human representative. How would you react if you would get lost in the maze of automated options, just to hear that you…