Fitch Ratings has lowered its rating on Aston Martin's senior secured debt, citing a new £550 million loan facility that it believes ranks higher and reduces recovery prospects for existing bondholders.
The AI-focused hedge fund run by Leopold Aschenbrenner suffered a 67% loss in July amid a rout in tech stocks, according to an investor letter. The fund sold the bulk of its stock portfolio to Citadel and has removed all leverage.
Fintech company Chime Financial plans to lay off about 150 employees, attributing the move to productivity gains from artificial intelligence and a broader corporate restructuring, according to a Bloomberg report.
Belgium's benchmark BEL 20 index closed higher on Friday, lifted by strong performance in the industrials and basic materials sectors. Gains were led by biopharmaceutical firm UCB, while D'Ieteren was the session's biggest decliner.
Sweden's benchmark OMX Stockholm 30 index advanced 0.42% on Friday, supported by gains in the Oil & Gas, Financials, and Technology sectors, though underlying market breadth was evenly split.
Investment firm Evercore ISI has maintained its Outperform rating and $365 price target on Apple Inc., citing solid quarterly results and future catalysts despite supply chain and cost headwinds.
Finland's benchmark stock index gained 0.28% on Friday, with strength in the utilities, consumer services, and financials sectors offsetting losses in some industrial and energy names.
Andrea Gacki, the director of the U.S. Treasury's anti-money laundering agency, is stepping down to lead the global sanctions division at Citigroup Inc., marking a significant move from a top regulatory post to the private sector.
The Netherlands' AEX index ended Friday's session down 0.50%, dragged lower by a historic sell-off in Universal Music Group shares and weakness in consumer-related sectors.
