Section
The latest stocks coverage from the TrustFinance editorial desk.
The nuclear technology company has reportedly suspended its U.S. initial public offering due to unfavorable market conditions, a move that casts a shadow over the fall IPO season.
Fitch Ratings has revised the outlook for PG&E Corporation to Negative from Stable, citing the California legislature's failure to pass meaningful wildfire liability reform and an increasingly difficult regulatory landscape.
Moody's Ratings affirmed Hyster-Yale's Ba3 corporate family rating but revised its outlook to negative from stable, citing expectations for moderately high leverage and weak cash flow generation through 2027.
Fitch Ratings has revised its outlook on Edison International to Negative from Stable, citing the California legislature's failure to enact a long-term solution for socializing wildfire liabilities. The utility's BBB rating was affirmed.
Fitch Ratings has lowered Flowers Foods' credit rating to 'BB+' from 'BBB-', moving it into speculative-grade territory. The downgrade was driven by accelerating sales volume declines and expectations for sustained high leverage.
Colombia's benchmark COLCAP index ended Wednesday's session sharply lower, dragged down by significant losses in financial and public services stocks. The sell-off coincided with a stronger U.S. dollar and weakness in key commodity markets.
Russia's benchmark stock index closed sharply lower on Wednesday, weighed down by a broad sell-off in the country's key oil, gas, and mining industries amid falling commodity prices.
The U.S. International Development Finance Corporation has approved its largest energy sector loan to Ukraine since 2022, providing €85 million to private energy firm DTEK to enhance grid stability through battery storage.
Gregory Baecher, a managing director who joined KKR through its acquisition of Arctos Partners, is leaving the firm just months after the deal closed. Lauren Hahn will take over his client-facing responsibilities within the new KKR Solutions unit.
