(Bloomberg) — Multiple stress points are emerging in credit markets after years of excess, from banks stuck with piles of buyout debt, a pension blow-up in the UK and real-estate troubles in China and South Korea. With cheap money becoming a thing of the past, those may just be the start. Distressed debt in the […]
(Bloomberg) — If you were wondering which junk-rated company would be the first to reach a trillion-dollar market capitalization, your wait is over. It’s Tesla Inc. The automaker’s debt may still be considered speculative-grade, but its stock passed $1 trillion mark on Monday, according to data compiled by Bloomberg. Tesla shares, which have been on […]