New Fortress Energy moved a long-running balance sheet crisis into its decisive phase on Thursday when a London High Court judge allowed the company to call creditor meetings on a restructuring that would hand most of the business to lenders. Bloomberg reported that creditors owed about $6.5 billion
Siemens delivered the kind of quarter that says more about the shape of industrial demand than about a single earnings miss. The German group reported second-quarter orders up 18% on a comparable basis to €24.1 billion and pushed its order backlog to a record €124 billion, even as
April’s inflation report delivered a message investors were hoping to avoid. The Consumer Price Index rose 0.6% on a seasonally adjusted basis in April and 3.8% from a year earlier, the fastest annual increase since May 2023. At one level, the explanation was straightforward. Energy prices were
U.S. existing-home sales barely moved in April, a reminder that the housing market is still stuck in a holding pattern even after affordability improved from some of the worst conditions of the past few years. Sales rose 0.2% from March to a seasonally adjusted annual rate of
Saudi Aramco’s first-quarter results offered more than another reminder that the world’s largest oil producer can still mint cash when crude prices rise. They showed how valuable physical export flexibility has become in a period when geopolitical disruption is no longer an occasional risk but a live
Quantinuum’s decision to make its U.S. initial public offering filing public is more than another technology listing. It is a live test of whether investors are ready to finance one of the market’s longest-duration bets: a quantum computing company with real customers, credible industrial backing and
China’s April trade data delivered a sharper message than the headline rebound alone suggests. Exports rose 14.1% from a year earlier in U.S. dollar terms, according to customs data reported Saturday by Reuters and the Associated Press, a marked acceleration from March’s 2.5% gain and
Americold Realty Trust’s decision to form a $1.3 billion North American joint venture with EQT says something important about where capital is still willing to go. Temperature-controlled logistics is increasingly being valued less like generic warehouse space and more like essential infrastructure. Americold said on May 7
The U.S. Treasury’s latest refunding announcement did more than set next week’s auction calendar. It offered a revealing look at how Washington is choosing to finance a swelling deficit without forcing more long-dated supply into a bond market that has already grown more sensitive to inflation
Bullish’s agreement to acquire Equiniti for $4.2 billion is not just another crypto expansion deal. It is a pointed wager that the next stage of digital-asset growth will depend less on speculative trading and more on owning the regulated infrastructure that public companies and shareholders already use
Long Lake’s agreement to acquire American Express Global Business Travel for about $6.3 billion is more than a straightforward private equity buyout. It is a sharp wager that a large corporate travel platform can be worth more in private hands than it recently was in the public market.
GameStop’s surprise proposal to acquire eBay for about $55.5 billion is the kind of transaction that looks absurd at first glance and more serious once the numbers are laid out. The company said on May 3 that it had offered $125 a share, split evenly between cash and
