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Bloomberg Markets
Credit-default swaps tied to Elon Musk’s SpaceX have begun actively trading after the company sold high-grade bonds this week for the first time, according to people familiar with the matter, allowing investors to hedge against potential losses or to speculate on the creditworthiness of the firm.
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CNBC Finance
Rafael Nadal told CNBC Sport he has closed the chapter on playing pro tennis forever.
Bloomberg Markets
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war.
Rob Sockin, Chief US Economist at PGIM Credit, reacts to the PCE data and explains how the Fed might react to the numbers. (Source: Bloomberg)
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