Here's what we are reading this morning:
Faraday & Future Extends $45 Million In Debt Until May - WSJ
$93.6 Million Verdict Threatens to Bankrupt One of America’s Most Powerful Unions - The New York Times
Personal loans are ‘growing like a weed’ in the United States, a potential red flag - The Washington Post
Seadrill in talks with banks to restructure debt -CEO - Reuters
Now-defunct Globe University files for Chapter 11, citing many millions owed - StarTribune.com
Economic Outlook: Weak trade and investment threaten long-term growth - OECD
Lisa Abramowicz: "Leveraged loan defaults total nearly $8 billion so far this quarter, the highest volume in nearly two years: Fitch Ratings. Loans of concern now account for 8% of the $1.4 trillion institutional loan market, up from 5% in July."
Investors Spurn Riskiest Corporate Bonds - WSJ
Plug-In EV Car Sales In China Shrunk By 46% In October 2019
Uber and Doordash hit roadblocks from state-level regulators - Axios