Bed Bath & Beyond Misses Interest Payments as It Weighs Chapter 11

Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a … Read more

Tiger Global Cuts Fundraising Target as Startup Market Cools

WSJ News Exclusive Finance Prolific startup investor is aiming to raise $5 billion, less than half its initial ambition

Black Swan Manager Preps for Financial ‘Mega-Tinderbox-Timebomb’

Markets Heard on the Street After an epic 15-year run, hedge fund Universa’s Mark Spitznagel says the financial system is poised for a crisis—eventually

TwentyFour Income Fund Raises $1.8 Mln to Meet Market Demand

By Michael Susin TwentyFour Income Fund Ltd. said Thursday that it raised 988,000 pounds ($1.8 million) to satisfy market demand and raise money for investments. The London-listed closed-ended fund said it issued 1 million ordinary shares from its holding in Treasury at 98.8 pence a share, representing a premium of 0.2% to Wednesday’s closing price … Read more

The leveraged loan ‘downgrade wave’ is starting as the era of cheap debt fades

A credit downgrade wave has begun to hit the high-flying $1.4 trillion US leveraged loan market as the Federal Reserve’s rapid pace of interest rate hikes threatens companies hooked on cheap debt. Companies that don’t qualify as investment-grade, perhaps because of a large debt load or poor credit history, rushed to take out leveraged loans … Read more

Two-fifths of older workers ‘delaying retirement’ because of inflation, markets

There’s a new survey out, and pretty much everything in it depresses me. Retirement confidence is way down. Retirement anxiety is way up. Women in particular are sacrificing their own retirement plans to give financial aid to “family members” (adult children, presumably) or friends. Key retirement knowledge is minuscule. Read: Boost your bank account by … Read more