Funding & Business
Apple Stock Downgraded After iPhone 17 Reveals
Apple Inc. was hit with a pair of downgrades on Thursday, in the latest sign of caution toward the iPhone maker, a day after revealing the new lineup of iPhones. One analyst says the new products “left us uninspired.” Bloomberg’s Mark Gurman reports. (Source: Bloomberg)
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Warner Bros. Discovery Inc.’s junk bonds surged this week, handing big gains to investors that bet on the company when its future looked comparatively bleak. More such opportunities may be coming, according to money managers including Loomis Sayles & Co.
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Ukraine’s military intelligence unit struck the Bashneft PJSC Novoil oil refinery in Ufa, Bashkortostan, on Saturday, according to a person familiar with the operation.
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While signs of distress at the subprime lender were largely unknown until this week, the company considered a Chapter 11 filing in August
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