Wirecard's $1 Billion Notes Auctioned Off at Fraction of Value

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Wirecard's $1 Billion Notes Auctioned Off at Fraction of Value

… will be offloaded at 12% of their notional worth after an auction that took place Wednesday, according to a notice sent to bidders seen by Bloomberg.
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Precious Metals Are Looking Golden: Macro Man Podcast

Bloomberg's Cameron Crise discusses a framework for assessing the prognosis of precious metals versus equities and finds that the outlook for
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COVID-19 pandemic causes nationwide coin shortage

MINNEAPOLIS, Minnesota — About two weeks ago, Jake Devney started having a hard time getting quarters at the bank. Devney owns Coin Clean Laundry in Minneapolis and usually keeps about five to seven days worth of quarters in their coin vault.
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Shelby County bars to close Wednesday at midnight; but what constitutes a bar?

SHELBY COUNTY, Tenn. — The Memphis bar scene will look much different after Wednesday night. Bars must close at midnight under the Shelby County Health Department’s latest health directive. But there are still questions about what constitutes a bar.
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Fed's $600 Billion Lending Program Will See More Interest If Economy Slumps, Official Says

WASHINGTON—The Federal Reserve’s $600 billion lending program for medium-size businesses hasn’t attracted much interest yet, but that is likely to change if the U.S. economy takes a turn for the worse amid rising coronavirus cases, said the official who …
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