IRS Must Justify $24 Billion Tax Bill It Sent to Bankrupt FTX: US tax officials must justify a $24 billion tax bill that threatens to wipe out recoveries for victims of the fraud-tainted crypto firm FTX Trading Ltd. under a ruling made by a bankruptcy judge Wednesday.
Traders Eye Potential Windfall in Defunct Signature Bank’s Bonds: Traders are betting that bonds tied to the defunct Signature Bankhold unexpected value, sending prices on the securities soaring from near zero.
Fed Begins Pivot Toward Lowering Rates as Inflation Declines - WSJ: The Federal Reserve held interest rates steady and signaled inflation had improved more rapidly than anticipated, opening the door to rate cuts next year.
Oaktree Raises About $3 Billion for Latest Special-Situations Fund - WSJ: Oaktree Capital Management has closed its third special-situations fund to invest in midmarket companies struggling with high debt or other financial challenges.
