Tariffs Push More Companies Closer to Default

The number of companies at the greatest risk of defaulting are at an 11-month high, thanks to continued uncertainty around Donald Trump’s global trade war and how it has worsened credit conditions, according to a Moody’s Ratings report. In the second quarter, 16...

Iron Ore Falls as China Data Shows Steel, Property Sector Woes

Iron ore dropped after data showed China’s crude steel output has plummeted as the nation’s property sector struggles under a prolonged downturn. Futures of the steel-making ingredient fell as much as 1.6% after traders weighed a slew of key economic prints from the...

BofA Poll Shows Investors Are Taking Risk at a Record Pace

Fund managers are rushing back into risky assets at a record pace on optimism over economic growth and strong corporate profits, according to a monthly survey by Bank of America Corp. The share of investors taking a higher-than-normal risk level in their portfolios...