The fallout from the U.S. crackdown on Huawei intensified this week, as trade negotiations between Washington and Beijing reportedly hit a roadblock.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
Google has decided to stop licensing its Android operating system to Huawei, in order to comply with a U.S. trade blacklist.Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
"Unlike Bernie Sanders or Elizabeth Warren or Kamala Harris, Biden's against 'Medicare for All,'" the "Mad Money" host says.Mad Money with Jim Cramerread more
Although Puerto Rico avoided catastrophe by meeting outstanding debt payments due Wednesday, "there's still a lot to come" that could disrupt the island and its creditors, including bond funds, one bond expert said Thursday.
The commonwealth met its obligations of nearly $2 billion due Wednesday, a temporary reprieve but only a small chunk of its roughly $72 billion in cumulative debt.
Puerto Rico Gov. Alejandro Garcia Padilla has called for reforms and a debt moratorium as the island tries to meet its obligations. The temporary relief provides an opportunity for debt restructuring, said Alexandra Lebenthal, president and CEO of Lebenthal Holdings.
"When you do get to the bottom of the barrel and the money isn't there, you do get the realization that something needs to be done," she said in a CNBC "Power Lunch" interview.
Puerto Rico's debt situation has seen a "slow erosion over time," and the last week was particularly painful for creditors, including bond funds, Lebenthal said. She stressed that considerable uncertainty remains for bondholders as the situation progresses.
Lebenthal added that investors should assess how funds with high exposure to Puerto Rican bonds have performed. She noted that some OppenheimerFunds offerings with large Puerto Rico holdings have lagged behind the broader municipal bond market.