CNBC Pro: These 6 Global Low-Debt Stocks Are Set to Outperform, Bernstein Says Higher interest rates have significant implications for companies with significant debt, as they are likely to face higher costs from increased borrowing. With interest rates still rising, analysts at Bernstein believe stocks with low exposure and high debt quality should outperform. The … Read more
Bitcoin falls as Genesis files for Chapter 11 bankruptcy in New York Bitcoin fell nearly 0.5% after cryptocurrency firm Genesis Filed for Chapter 11 bankruptcy in New York. The company has listed 50-99 creditors in a “massive” bankruptcy filing, with total liabilities ranging from $1.2 to $11 billion, according to bankruptcy documents. Genesis is in … Read more
Goldman Sachs: China’s “exit wave” on reopening is negatively affecting the economy Economists at Goldman Sachs said in a report that the “exit wave” that China witnessed during the process of reopening its doors led to a significant decline in the economy. “The current wave of exits on the back of China’s faster-than-expected reopening has … Read more
