Bonds - CybAI news

16 Aug

Uber Raised to Investment-Grade by S&P on Earnings Growth

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S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth.Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statementBloomberg Terminal. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities. Source link lol

16 Aug

Tech Rally Propels Emerging Stocks To Best Week in Four Months

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Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following US data which boosted investor optimism that the world’s biggest economy will avoid a recession. The MSCI gauge for developing world stocks climbed as much as 1.6%, extending their weekly gains to 2.8%, on track for the biggest since April. Taiwan Semiconductor Manufacturing Company, Samsung Electronics Co and Alibaba Group Holding are the biggest contributors to the rally. Source link lol

14 Aug

Brain Tech Breakthrough Restores ALS Patient’s Ability to Speak

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Last August, Casey Harrell spoke the first clear words his five-year-old daughter could remember hearing him say, a repeat of his wedding vows to her mother, Levana Saxon. The adults in the room cried. The moment was possible thanks to a wave of innovation in one of the most challenging areas of medicine: reconnecting the brain to the body once something – an accident or an illness – has severed the ties. While Elon Musk’s Neuralink Corp. gets most of the attention and investor money in the space, academic labs and rival startups are notching significant advances in repairing that…

14 Aug

In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

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A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Source link lol

12 Aug

TalkTalk Owners Provide New Funds to Push Back Maturities

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TalkTalk Telecom Group reached a tentative agreement with lenders on a refinancing that will give the cash-strapped UK broadband provider more time to pay its debts as it struggles with competition and higher costs. Shareholders will provide an immediate £65 million ($83 million) of funding, with a further £170 million to come once binding agreements have been signed, according to a company statement on Monday. Major shareholders and Ares Management Corp. will also contribute further assets to the company, including the Virtual1 business, and the Ovo and Shell-branded customer bases. Source link lol

08 Aug

Rakuten Likely to Report Narrower Loss as Bond Redemptions Loom

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Rakuten Group Inc. looks set to report on Friday a narrower loss in the April-June quarter, which would shore up confidence in its ability to pay bonds due through next year.The focus is on billionaire founder Hiroshi Mikitani’s efforts to turn around his four-year-long foray into the saturated mobile market without a single profitable quarter. Investors are also seeking clarity on the Japanese online shopping mall operator’s delayed plan to combine its profit-churning financial arms. Source link lol

07 Aug

Lumen Technologies Debt Rallies After Stock Jump, AI Demand

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Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom. The telecommunications company’s 4% bond maturing in 2027 rose 7.5 points on Tuesday to 72 cents on the dollar, according to Trace bond trading data. Notes tied to its Level 3 unit due 2028 jumped 10.5 points to 67.5 cents on the dollar the same day. Source link lol

07 Aug

T-Mobile Postpones $561 Million Wireless Equipment ABS Offering

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T-Mobile US Inc. is postponing its sale of more than $500 million in asset backed securities supported by wireless equipment plans, according to people familiar with the matter.The deal, which began premarketingBloomberg Terminal last week, was set to price this week, according to an earlier message to investors. T-Mobile’s postponement marks the first notable indication of stress in the ABS market following elevated volatility this week. A maelstrom of economic indicators showing slowing growth, weak earnings from technology companies and a rate hike from the Bank of Japan damaged broader markets and caused Wall Street’s fear gauge to spikeBloomberg Terminal…