Suriname reached an agreement in principle with a key group of bond investors to restructure $675 million of defaulted global debt, debuting an oil-linked recovery tool to cap more than three years of negotiations.
Etsy Inc. was among the best performing stocks in the S&P 500 Index during postmarket trading after it reported estimate-beating revenue, underscoring better buyer engagement following platform improvements made amid a broader slowdown in e-commerce spending.
Colombia plans to raise its deficit target for 2023 as the price of oil, its main export, trends lower, according to a senior Finance Ministry official.
Brazil’s former President Jair Bolsonaro denied wrongdoing after federal police searched his Brasilia home Wednesday morning in a case about alleged alteration of Covid-19 vaccination records.
A top Wall Street regulator is making moves that could lead to the ouster of its inspector general after an independent probe found he had disclosed the identities of whistleblowers, wasted money and disparaged agency employees.
MetLife Inc.’s first-quarter profit and revenue missed analysts’ estimates as the largest US life insurer grappled with a decline in premiums and fees.
DoubleLine Capital’s Jeffrey Gundlach said there’s an increased likelihood of a recession and the Federal Reserve likely won’t lift interest rates again following its latest increase.
US bank stocks slid into the close on Wednesday following the Federal Reserve decision, extending Tuesday’s deep selloff after the failure of troubled lender First Republic Bank prompted investors to renew their scrutiny on the sector’s prospects.
Hindenburg Research is targeting Carl Icahn’s investment firm as its latest victim, but short-sellers haven’t made much off the company’s $6.3 billion wipeout largely because Wall Street is so reluctant to bet against the billionaire.
Qualcomm Inc., the largest maker of smartphone processors, gave a disappointing sales and profit forecast for the current period, signaling that demand for mobile devices remains sluggish.
