New World's Bond Prices Surge as It Nears Refinancing Deal
The indebted Hong Kong builder's bonds were up 2 to 3 cents across maturities Friday morning, according to traders. A senior note maturing in 2027 rose nearly 3 cents to 71 cents on the dollar, on pace for its highest level since May 30, when the company said it would delay interest payments on four of its perpetual bonds.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
23 minutes ago
- Washington Post
Sanctions bill targets China for enabling Putin's war in Ukraine
Bipartisan legislation introduced in the Senate on Friday would force the Trump administration to impose economic penalties on China for supporting Russia's war machine, targeting Moscow's most important sponsor as the president intensifies efforts to end the war in Ukraine. The bill introduced by Sens. Jeanne Shaheen (D-New Hampshire) and John Cornyn (R-Texas) would require the administration to target Chinese 'entities and individuals' that have helped sustain the Russian defense industry despite enormous battlefield losses and widespread Western sanctions imposed since the start of the war.
Yahoo
25 minutes ago
- Yahoo
Nintendo's Switch 2 Sales Near 6 Million
Sales for the Nintendo Switch 2 consoles have reached 5.82 million since its June 5 release, the Japan-based video game giant revealed along with its latest earnings results Friday. 'Looking at hardware sales volume in the first quarter of this fiscal year, Nintendo Switch 2 sales totaled 5.82 million units, and Nintendo Switch sales declined 53.5% year-on-year to 0.98 million units,' Nintendo stated in English-language explanatory materials accompanying the financials. 'Nintendo Switch is now in its ninth year since launch, so a year-on-year decline in sales is expected, but it continues to show stable sales.' More from Variety Apple Services Revenue Grows 13% to New Record, Earnings Massively Beat Street Amid Trump Tariff Uncertainty Amazon Beats Q2 Expectations as Revenue Rises 13% to Nearly $168 Billion Roku Drives Up Revenue 15%, Turns in Surprise Profit in Solid Q2 Earnings Beat Nintendo's Switch 2-specific game sales have hit a modest 8.67 million, which Nintendo attributes to 'the fact that many consumers purchased the hardware bundled with 'Mario Kart World,' and that there was a wide variety of titles from other software publishers.' Nintendo Switch software sales stood at 24.40 million units, a decline of 20.4% from the comparable period in 2024. However, it should be noted that Nintendo says, 'because Nintendo Switch 2 can play Nintendo Switch titles, the people purchasing Nintendo Switch software include not only owners of Nintendo Switch, but also people who have bought Nintendo Switch 2.' More to come… Best of Variety New Movies Out Now in Theaters: What to See This Week What's Coming to Disney+ in August 2025 What's Coming to Netflix in August 2025
Yahoo
30 minutes ago
- Yahoo
When $500K Turns to Zero: What One Bitcoin Investor Learned The Hard Way
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A cautionary tale shared on popular personal finance YouTuber Graham Stephan's podcast is making waves across social media, serving as a stark reminder that even the most confident predictions can lead to devastating losses. The story involves a Bitcoin investor who, swayed by a friend's bullish forecast of '$500,000 per coin by 2025,' watched his investment crumble from peak to trough in just six months. The Power of Peer Pressure in Investment Decisions The investor's journey began with what many would consider a red flag: investment advice from a friend rather than thorough personal research. His confidant didn't just suggest buying Bitcoin—he made an emotional appeal, claiming the investor would be 'doing his kids a disservice' if he didn't purchase coins for each of them. This friend projected Bitcoin would reach astronomical heights: $500,000 by 2025 and $1 million by 2030. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . This scenario illustrates a dangerous psychological trap that ensnares countless investors. When someone speaks with absolute conviction about market movements, it can override our natural skepticism and due diligence processes. The fear of missing out becomes amplified when combined with emotional manipulation, particularly when children's futures are invoked. The Brutal Reality of Crypto Volatility The investor's experience perfectly encapsulates Bitcoin's notorious price swings. After purchasing his coins, he watched them soar to $60,000—likely feeling vindicated in his decision and perhaps even more confident in his friend's prediction. However, within six months, Bitcoin had plummeted to under $20,000, a decline of more than 65%. This dramatic price movement wasn't an anomaly. Bitcoin has experienced multiple cycles where it gains thousands of percent before losing 70%-80% of its value. The 2017-2018 cycle saw Bitcoin peak near $20,000 before falling to around $3,200. The 2021-2022 cycle witnessed a climb to nearly $69,000 followed by a drop to approximately $15,500. Trending: New to crypto? on Coinbase. The Cost of Emotional Decision-Making Perhaps the most painful aspect of this story is the realized loss. Rather than holding through the downturn or having a predetermined exit strategy, the investor sold his Bitcoin at around $30,000—locking in substantial losses. This decision likely stemmed from panic, financial pressure, or simply the emotional toll of watching his investment lose half its value. Professional traders understand that volatility works both ways, but retail investors often struggle with the psychological pressure of unrealized losses. Without proper risk management strategies—such as position sizing, stop-losses, or dollar-cost averaging—many find themselves making emotionally driven decisions at the worst possible times. Lessons for Today's Crypto Investors This cautionary tale offers several critical insights for anyone considering cryptocurrency investments. First, be extremely wary of investment advice from friends or family members, no matter how confident they appear. Even well-intentioned loved ones rarely have the expertise to make accurate price predictions in such a volatile understand that cryptocurrency investments should represent only a small portion of a diversified portfolio—typically no more than 5%-10% according to most financial advisors. The investor's story doesn't specify his position sizing, but the emotional impact suggests it may have been too large relative to his overall wealth. Third, develop a clear investment thesis and exit strategy before putting money at risk. Whether you're buying Bitcoin as a hedge against inflation, a technological bet on blockchain adoption, or simply portfolio diversification, having predetermined rules can help prevent emotional decision-making during market turbulence. Read Next: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Image: Shutterstock This article When $500K Turns to Zero: What One Bitcoin Investor Learned The Hard Way originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
