JSW Steel’s unit, JSW Kalinga Steel, is raising approximately ₹9,500 crore via unsecured, zero-coupon bonds to finance its joint venture with JFE Steel for the Bhushan Power & Steel business. The five-year non-convertible debentures, rated AA, will be redeemed at a premium, implying yields of about 8.5%.Read More
Hyperscalers are expected to significantly increase debt issuance this year to fund massive data center expansions for AI. Following Amazon’s substantial bond sale, analysts predict continued high levels of borrowing, with forecasts for 2026 now reaching $175 billion. This surge in debt reflects strong investor demand for these tech giants.Read More
Options traders’ fears of a U.S. stock market crash have significantly receded, with key indices like the Nations TailDex and Cboe Skew returning to pre-Iran strike levels. While the S&P 500 remains down, this pullback suggests investors are less concerned about a steep equity price drop, though overall market anxiety is still elevated.Read More
Microsoft is reorganizing its Copilot teams, unifying commercial and consumer versions to enhance its AI assistant and drive adoption. This move allows AI chief Mustafa Suleyman to concentrate on building new AI models and advancing the company’s superintelligence efforts. Jacob Andreou will now lead all Copilot initiatives.Read More
A federal judge certified a shareholder class action accusing Boeing of concealing safety deficiencies in its 737 MAX planes before two crashes that killed 346 people in 2018 and 2019.Read More
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