PIK interest lets a borrower pay with more debt instead of cash, but the lender still books it as income. The SEC now wants private credit funds to show how much of their income works this way.
The U.S. will end CAFE credit trading for model year 2028. But Tesla’s credit money started drying up a year earlier, when the fine for missing the target fell to zero.
Brazil will buy up to $28 billion of old consumer debt through Desenrola 3.0. The twist: banks compete by offering discounts, and that sets how many people get relief.
U.S. diesel is at a record even though crude is cheaper than in 2022. The diesel crack spread shows why: the shortage is in refining, not oil.
US debt auctions can’t fail, so a Treasury auction tail is how you spot weak demand. On Sept. 23, the five-year sale posted one of its biggest tails in years.
A Louisiana tribe launched a prediction market app on Kalshi two days after other tribes beat Kalshi in court. Here’s why a small tribe did the math differently.
Japan raised rates to a 31-year high, but the yen fell and nobody rushed for the exit. A new insurance rule explains why the big sellers are staying put.
Howard Buffett now chairs Berkshire Hathaway, but he won’t run it. His job is the one power a board hopes never to use: replacing the CEO.
Nike left the S&P 100 on September 21, three days after Mbappé signed with On. The two stories are connected, and the link is the store shelf Nike gave up.
Options were 60 percent of NSE’s revenue, and India’s regulator spent two years shrinking that market on purpose. The IPO priced about 20 percent below what the exchange had been asking for.
