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  • Dec 02, 2024

Rolls-Royce Hits £50 Billion Valuation After Huge Stock Rally

(Bloomberg) -- Rolls-Royce Holdings Plc’s valuation reached £50 billion ($63 billion) for the first time as the stock extends a surge on the back of buoyant demand for long-haul jet engines.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe London-based producer of engines like the Trent XWB, which powers some Airbus SE aircraft, closed up 3.2% on Tuesday, extending its year-to-date rally to 97%.

  • Dec 02, 2024

US Battery Maker Eos Shares Jump as Firm Closes Federal Loan

(Bloomberg) -- Battery-maker Eos Energy Enterprises Inc. closed a $303.5 million US federal loan guarantee — sending its shares sharply higher — as the Biden administration races to finalize billions of dollars in clean-tech loans before leaving office.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsEos shares jumped as much as 19% on the news, the biggest intraday gain since late August. The stoc

  • Dec 02, 2024

Leveraged Loan Market’s $64 Billion Day Smashes Record

(Bloomberg) -- The US leveraged-loan market had a record $64.3 billion of deal launches Monday, nearly doubling the prior high set just two weeks ago, as firms take advantage of a still-friendly environment to borrow. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMost of the 43 transactions brought were to reprice existing loans. Some of the biggest, topping $4 billion each, were from Dunkin’ Do

  • Dec 02, 2024

US College Closures Are Expected to Soar, Fed Research Says

(Bloomberg) -- The number of colleges that close each year is poised to significantly increase as schools contend with a slowdown in prospective students. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThat’s the finding of a new working paper published by the Federal Reserve Bank of Philadelphia, where researchers created predictive models of schools’ financial distress using metrics like enroll

  • Dec 02, 2024

OPEC oil output rises in November as Libya recovers, survey finds

OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a Reuters survey found, though members making cuts pledged to the wider OPEC+ alliance kept output broadly steady. The Organization of the Petroleum Exporting Countries pumped 26.51 million barrels per day (bpd) last month, up 180,000 bpd from October, the survey showed on Tuesday, with Libya again posting the largest increase. Libyan output recovered after resolution of a dispute over control of the central bank, allowing full production to resume at oilfields and applying downward pressure on prices.

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