Guggenheim Loan Drops to New 73-Cent Low With Firm in Spotlight

A loan from Guggenheim Investments’ financing entity slid to a new low on Monday, even after the firm convened a call last week with lenders to assuage concerns about its second-quarter earnings. A $1.18 billion loan issued by GIH Borrower LLC due in 2031 was last...

Trump’s New Midterm Pitch to Voters: Pretend I’m on Ballot

President Donald Trump tried out a new campaign message on Friday, telling voters in South Carolina to “pretend” he was on the ballot and turn out to back his hand-picked candidate, Senator Darline Graham, in a contentious Republican primary. “They say that Trump does...

Wall Street Turns Sour on Once-Buzzy Space Stock After 73% Rout

Wall Street analysts are rushing to slash their price targets on spacecraft and satellites manufacturer York Space Systems Inc., saying the company’s path forward looks uncertain amid supply chain troubles and a slower pace of government contracts. At least six...

Alibaba Profit Dives 75% After AI Spending Hits $10 Billion

Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena. The online retail giant-turned-AI...