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Prospect Capital’s Private Credit Fund Cut to Junk by S&P
  • December 6, 2024

Prospect Capital’s Private Credit Fund Cut to Junk by S&P

(Bloomberg) -- S&P Global Ratings lowered its rating on Prospect Capital Corp. to BB+, or one step into junk territory, citing losses and a deterioration in credit quality for the $7.6 billion private credit fund.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCompared to peers, Prospect has received a higher proportio

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Trillion-Dollar Gap Shows Diverging Korea, Taiwan Stock Fortunes
  • December 6, 2024

Trillion-Dollar Gap Shows Diverging Korea, Taiwan Stock Fortunes

(Bloomberg) -- As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectA near 30% surge in Taiwan’s stock benchmark this year, set to be

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Super Micro Receives Extension From Nasdaq Until February
  • December 6, 2024

Super Micro Receives Extension From Nasdaq Until February

(Bloomberg) -- Super Micro Computer Inc. said Nasdaq Inc. has granted the company additional time to become compliant with listing rules, easing the near-term risk that the embattled server maker would be delisted.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSuper Micro said it received a letter Friday from Nasdaq a

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Apollo and Workday to Join S&P 500 After Index Rebalancing
  • December 6, 2024

Apollo and Workday to Join S&P 500 After Index Rebalancing

(Bloomberg) -- Apollo Global Management Inc. has been added to the S&P 500 index in the latest quarterly weighting change, joining alternative asset manager Blackstone Inc. on the world’s most-watched equity gauge. Workday Inc. has been included too.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe two companies will

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Wall Street adds to stock, rate cut bets after 'Thanksgiving buffet' jobs data
  • December 6, 2024

Wall Street adds to stock, rate cut bets after 'Thanksgiving buffet' jobs data

BOSTON/LONDON (Reuters) -Global stocks advanced as investors raised their bets on the prospect of a U.S. interest rate cut this month after payrolls data showed strong job growth in November, while the euro dipped against the dollar as political turmoil gripped France. Futures markets put an 85% chance on the U.S. Federal Reserve cutting rates by 25 basis points at its Dec. 17-18 meeting after the data, compared with 68% earlier in the session. Nonfarm payrolls increased by 227,000 jobs last month after rising an upwardly revised 36,000 in October, in a month hit by hurricanes and strikes.

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