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Fitch Plans to Withdraw Ratings of Country Garden Services

Global ratings agency Fitch said today that it plans to withdraw all the ratings on China's Country Garden Services Holding on or about Dec. 12 for commercial reasons, Reuters reported. "Fitch

Analysis: Private Debt Was Supposed to Collapse When Rates Rose. Instead It Is Everywhere.

Wall Street’s doom-mongers spent years warning that private lenders would be the next bubble to burst when central banks tightened policy. Instead, the funds are becoming even more ubiquitous as

Logan Says Fed Could Bolster Liquidity Tools For Crises

Federal Reserve Bank of Dallas President Lorie Logan said the U.S. central bank should consider ways to strengthen its liquidity infrastructure which, while robust, still can’t eliminate risks

America's Love for Home Remodeling Cools Off Amid Higher Interest Rates

Total spending on home improvement and repairs is projected to drop 7.7% over the next four quarters to $452 billion, researchers from Harvard University’s Joint Center for Housing Studies’ latest

Celsius Network, One of Crypto’s Biggest Collapses, Ends Bankruptcy Case

Celsius Network, the crypto platform that touted itself as safer than a bank, won court approval to end its bankruptcy case and release most of its remaining cryptocurrency back to hundreds of

FTX Collapse Driving U.S. Push to Widen Protections for Crypto Futures Traders

A top financial regulator is crafting a plan to ensure that more derivatives exchanges keep client funds separate from their corporate cash, the latest response by U.S. policymakers to the havoc

Former NYSE President in Talks to Reboot FTX Exchange

A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded by Sam

Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow

Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers

Volvo Buys Battery Business from Proterra for $210 Million

Swedish truck manufacturer Volvo announced Friday today that it was successful in its $210 million bid in an auction for the battery business of financially troubled Proterra in the U.S., Investing

Bankruptcy Judge Orders Accused Fraudster Arrested

A federal bankruptcy judge has ordered U.S. Marshals to arrest Jonathan Burden to force him to show up in court, after the self-proclaimed real estate investor failed to pay $26,800 in sanctions and