SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Embattled solar installer SunPower has filed for Chapter 11 bankruptcy protection.
The yen carry trade unwind: A big complication for global markets
In its simplest form, the yen carry trade has investors borrowing cheap yen to invest in higher yielding assets, often currencies.
Elon Musk slammed by British government after comments on UK riots
The U.K. government hit back at Elon Musk after the billionaire made controversial comments about far-right riots taking place across the country.
China launches its rival to Elon Musk’s Starlink internet satellites
By 2025, China is aiming to deploy 648 satellites of the “Thousand Sails Constellation” to create global internet coverage, according to state media CCTV.
Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says
“Everybody knew that the yen was not in an appropriate position,” Jean-Claude Trichet told CNBC.
The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse
The warning comes as market participants seek to aggressively roll back on carry trades following a dramatic global sell-off in risk assets.
As riots and disorder spread, some countries warn their citizens about traveling to the UK
Five countries have issued travel and safety warnings to their citizens living or visiting the U.K. as riots and street disorder continue to plague the country.
10-year Treasury yield rebounds after hitting its lowest level in more than a year
Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off.
Biggest concern is the market sell-off becoming a ‘self-fulfilling prophecy,’ research firm warns
The global stock market sell-off of recent days could be a “self-fulfilling prophecy” and eventually lead to a recession, Morningstar DBRS analysts warned.
European stocks nudge higher after Monday’s market rout
European stocks were higher Tuesday, with global markets looking to shake off Monday’s volatility.
