China Braces for $1.3 Trillion Maturity Wall as Defaults Surge
China’s corporate bond tab currently stands at a mind-numbing $1.3 trillion of domestic debt payable in the next 12 months. That’s 30% more than what U.S. companies owe, 63% more than in all of Europe and enough money to buy Tesla—twice. What’s more, it’s all coming...
The World Economy Is Suddenly Running Low on Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying...
RIP Internet Explorer
Microsoft is finally retiring Internet Explorer next year, after more than 25 years. The aging web browser has largely been unused by most consumers for years, but Microsoft is putting the final nail in the Internet Explorer coffin on June 15th, 2022, by retiring it...
London’s biggest divorce case hinges on this $353 million superyacht
(Bloomberg) — At the heart of the largest money fight that London’s divorce courts have ever known sits the Luna — a 115-meter (380-foot), nine-deck luxury motor yacht holed up at a berth in a dusty marina in Dubai. The Luna is the largest and most...
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