Tech Firms’ Debt-Protection Costs are Surging on Profit Concerns
Costs to protect the debt of numerous US technology heavyweights against default hit fresh record highs Friday, with disappointing quarterly reports from Intel Corp. and Amazon.com Inc. spurring fresh concerns...
By Caleb Mutua · Bloomberg Markets
Costs to protect the debt of numerous US technology heavyweights against default hit fresh record highs Friday, with disappointing quarterly reports from Intel Corp. and Amazon.com Inc. spurring fresh concerns on whether the massive debt binge financing the AI boom will pay off.