Tech firms' debt-protection costs hit record highs on profit concerns
Briefing by News4U · First published
Bloomberg reported that 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. [1]
Sources
- Tech Firms’ Debt-Protection Costs are Surging on Profit Concerns
Bloomberg · · Summary only