(Bloomberg) -- Rakuten Group Inc. priced a $2 billion junk bond after boosting the size of the offering by 60% due to strong demand from investors.Most Read ...
-- Rakuten Group Inc. priced a $2 billion junk bond after boosting the size of the offering by 60% due to strong demand from investors.Apple Explores Home Robotics as Potential ‘Next Big Thing’ After Car Fizzles
A sweetener for investors was that Rakuten’s offering promised a much higher yield than other similarly rated BB credits. The average yield-to-worst on bonds with this rating is 6.63%, according to data compiled by Bloomberg. The debt-laden company said this week it plans to combine its financial units, fueling gains in its shares on speculation that move would lead to more synergies and boost value.How Hertz’s Bet on Teslas Went Horribly Sideways -- Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn’t get any stock in it.
Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind?Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed. Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the economic downturn.
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