Sears's Latest Hope for Cash: Bidding War Among CDS Traders
Sears's Latest Hope for Cash: Bidding War Among CDS Traders
Sears Holdings Corp.’s latest attempt to raise cash and stave off liquidation is hinging on a complex -- and perhaps shrewd -- maneuver to create a bidding war among derivatives traders who wagered hundreds of millions of dollars on the retailer’s failure.
Bloomberg
Bloomberg
Do Not Resuscitate: The Saga of Sears, Hedge Fund Hubris And Media Ignorance
Do Not Resuscitate: The Saga of Sears, Hedge Fund Hubris And Media Ignorance
As the once-iconic retail giant, shutters stores, there are important lessons for investors.
Forbes
Forbes
Yield Surge Spurs Biggest Japan Buying of U.S. Bonds Since 2016
Yield Surge Spurs Biggest Japan Buying of U.S. Bonds Since 2016
Japanese investors bought the most U.S. sovereign bonds since July 2016 in September, when the Federal Reserve raised interest rates for the third time this year, spurring an advance in the dollar and Treasury yields.
Bloomberg
Bloomberg
It’s 2005 All Over Again as Ford Teeters on the Edge of Junk
Ford Motor Co. could be close to getting junked again.
Bloomberg
Bloomberg
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Everything China's Doing to Rescue Companies, and What's Working
First came the sweeping government pronouncements. Then the flurry of actions, all aimed at shoring up China’s capital markets and rescuing struggling private companies.
Bloomberg
Bloomberg
Hedge Fund Up 16% This Year Bet on Luxury Appetite Falling
In a month when hedge funds globally registered their biggest drop in seven years, waning Chinese demand for luxury goods helped one Asian firm beat the odds.
Bloomberg
Bloomberg