Bitcoin (BTC) Price Falls to Lowest Since November in Risk-Asset Selloff - Bloomberg: Bitcoin slumped to an almost two-month low as investors dumped riskier assets following a sharp rise in bond yields.
Purdue’s Sacklers Back New Bankruptcy Settlement for Opioid Lawsuits - WSJ: The bankrupt OxyContin manufacturer’s family owners are boosting their offer to resolve mass opioid litigation after the Supreme Court struck down a prior settlement plan
Los Angeles Utility’s Municipal Bonds Drop Amid Destructive Wildfires: Analysts at S&P Global Ratings said in a report Thursday that the fires “might pose significant financial and operational risks for rated entities, especially if not-for-profit electric utilities’ infrastructure triggered the fires.”
These retailers could file for bankruptcy in 2025 | Retail Dive: “Home goods, hobby and apparel retailers dominate the distressed retailer list. Home goods retailers continue to be hurt by low home sales, as well as weak demand for pandemic-era favored products. Hobby retailers, such as crafts, are similarly impacted by the consumer pivot to other categories such as experiences.”
