Archive

Pro-Russian Spy Suspect Jailed for Approaching French Executives

Authorities in France pressed spying charges and preventively jailed a woman who founded a pro-Russian association for reaching out to business executives for intelligence.

Authorities in France pressed spying charges and preventively jailed a woman who founded a pro-Russian association for reaching out to business executives for intelligence.

Scared Venezuelan Migrants Flee Chile and Spark Backlash

The trickle of Venezuelans crossing into Peru from Chile is triggering a political furor and a border crackdown — a sign that authorities fear it’s the start of a flood out of Latin America’s most anti-immigrant country.

The trickle of Venezuelans crossing into Peru from Chile is triggering a political furor and a border crackdown — a sign that authorities fear it’s the start of a flood out of Latin America’s most anti-immigrant country.

NYC comptroller urges city pensions to pull $42bn mandate from BlackRock

Top finance official says asset manager submitted ‘inadequate’ decarbonisation plan.

Top finance official says asset manager submitted ‘inadequate’ decarbonisation plan

NYC comptroller urges city pensions to pull $42bn mandate from BlackRock over climate

Top finance official says asset manager submitted ‘inadequate’ decarbonisation plan.

Top finance official says asset manager submitted ‘inadequate’ decarbonisation plan

Bus travel this Thanksgiving weekend is up 17% over last year

And the trend goes beyond the holiday season, experts say, as people keep looking for air-travel alternatives.

And the trend goes beyond the holiday season, experts say, as people keep looking for air-travel alternatives

Relentless financial pressure has Black Friday shoppers of all incomes even more hungry for deals than usual

After several years of rising prices and economic uncertainty, consumers are more focused on scoring the best deals.

After several years of rising prices and economic uncertainty, consumers are more focused on scoring the best deals.

S&P downgrades Tether’s assets to lowest level

Rating agency cites rising exposure to high-risk assets and lack of disclosures.

Rating agency cites rising exposure to high-risk assets and lack of disclosures

China’s reclusive young ‘rat people’ stay in bed all day and gnaw away at the country’s economic prospects

A growing youth trend of withdrawal and low-desire living is complicating Beijing’s push for consumption-led growth.

A growing youth trend of withdrawal and low-desire living is complicating Beijing’s push for consumption-led growth.

Poland to Bolster Drone Capabilities With New EU Defense Funding

Poland, the biggest beneficiary of the European Union’s military funding program, is aiming to spend a big chunk of the loans to build up its drone capabilities and defenses in the face of aerial incursions by Russia.

Poland, the biggest beneficiary of the European Union’s military funding program, is aiming to spend a big chunk of the loans to build up its drone capabilities and defenses in the face of aerial incursions by Russia.

Blackstone Nears $4 Billion Deal for MacLean Power Systems

Blackstone Inc.

Blackstone Inc. is nearing an acquisition of MacLean Power Systems in a deal that could value the utility-parts maker at more than $4 billion, according to people familiar with the matter.

Romania Ready to Impose Oversight of Companies Hit by Sanctions

Romania will set up a mechanism to place companies at risk of being hit by international sanctions under special oversight, such as the local unit of Russian state-owned Lukoil PJSC, a cabinet member said.

Romania will set up a mechanism to place companies at risk of being hit by international sanctions under special oversight, such as the local unit of Russian state-owned Lukoil PJSC, a cabinet member said.

NYC’s Squeezed Landlords Need $1 Billion to Help Avoid Default

New York City’s next mayor will need to spend $1 billion to help owners of affordable housing units avoid defaulting amid surging costs — a predicament that will become even more dire if rents are frozen, according to the New York Housing Conference.

New York City’s next mayor will need to spend $1 billion to help owners of affordable housing units avoid defaulting amid surging costs — a predicament that will become even more dire if rents are frozen, according to the New York Housing Conference.

NewtekOne, Inc. Proposes Exchange Offer for Senior Notes Amid Strategic Shift

NewtekOne, Inc. is initiating an exchange offer to swap its existing 5.50% Notes due 2026 for new 8.50% Fixed Rate Senior Notes due in 2031, effectively refinancing $95 million in outstanding debt. This strategic move aims to bolster the company's financial position and extend maturity profiles as it navigates current market conditions.

In a significant corporate action, NewtekOne, Inc. (NASDAQ: NEWT), a financial holding company based in Boca Raton, Florida, has filed an SEC registration statement to initiate an exchange offer for its outstanding debt securities. The company is offering to exchange its existing 5.50% Notes due 2026, with an aggregate principal amount of $95 million, for new 8.50% Fixed Rate Senior Notes due 2031. This exchange offer is set to expire at 5:00 p.m. New York...

Advent International's Senior Executive Relocates from UK to Luxembourg Amid Private Equity Talent Retention Challenges

James Brocklebank, head of Europe at Advent International, is relocating to Luxembourg as part of a strategic move to support the firm's growth amid increasing pressures on private equity talent in the UK. This decision highlights a broader trend of executives leaving Britain due to evolving government policies affecting the investment landscape.

EY-Parthenon Expands Private Equity Practice with Three New Partners

EY-Parthenon has bolstered its private equity practice in the UK by appointing Clare Harris, Chris Robinson, and Patricia Martin del Castillo as partners. The strategic hires are aimed at enhancing procurement capabilities and financial diligence services for private equity clients.

Fortress to Sell Caribbean Hotels in $465 Million Muni-Bond Deal

Fortress Investment Group plans to sell two resorts on St.

Fortress Investment Group plans to sell two resorts on St. Thomas in the US Virgin Islands through a deal that will be financed by municipal bonds, and which will allow the territory to ultimately acquire the property.

The Beef Market Is Broken for Everyone

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.

Trump Loses Appeal to Revive Conspiracy Suit Against Clinton

President Donald Trump failed to sway a US appeals court to revive his civil lawsuit accusing Hillary Clinton and others of conspiring to tarnish his 2016 campaign with bogus claims of collusion with Russia.

President Donald Trump failed to sway a US appeals court to revive his civil lawsuit accusing Hillary Clinton and others of conspiring to tarnish his 2016 campaign with bogus claims of collusion with Russia.

Trump Loses Bid to Revive ‘Frivolous’ Suit Against Clinton

President Donald Trump failed to sway a US appeals court to revive a civil lawsuit accusing Hillary Clinton and others of conspiring to tarnish his 2016 campaign with bogus claims of collusion with Russia.

President Donald Trump failed to sway a US appeals court to revive a civil lawsuit accusing Hillary Clinton and others of conspiring to tarnish his 2016 campaign with bogus claims of collusion with Russia.

Mizuho's Rochester Expects Fed to Cut Rates in December

Mizuho Bank's Jordan Rochester on Markets expects the Federal Reserve to cut rates in December.

Mizuho Bank's Jordan Rochester on Markets expects the Federal Reserve to cut rates in December. He says a new Federal Reserve chair could cut rates even further in 2026. He speaks on "Bloomberg Brief." (Source: Bloomberg)