Investors grapple with Trump’s corporate America
It is no longer left to the invisible hand of capitalism to figure out who are the winners
Economic news
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US credit spreads hit lowest level this century after sharp rally
Investors warn credit markets are ‘weirdly confident’ despite threats to global economy
China’s corporate bonds win record share of top credit ratings
Beijing seeks to minimise domestic defaults but fears over credit quality persist
CoreWeave investors sell more than $1bn in shares as IPO lock-up ends
Director Jack Cogen offloads stake with an aggregate market value of about $300mn
Weight-loss weariness and Trump threats wipe $250bn off Novo Nordisk and Eli Lilly
US president’s push for price cuts and tariffs weighs on sector, which has missed out on equity market’s rise
Why wrangling risk at banks is so hard
It is still a struggle for management and regulators to get a clear view of what is really happening inside lenders