Market Chatter: Apollo's Brightspeed Warns of Going-Concern Risk

MT newswire2026/09/01 14:42

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10:42 AM EDT, 09/01/2026 (MT Newswires) -- Apollo Global Management-backed (APO) Brightspeed informed investors there's significant doubt it can continue as a going concern, Bloomberg reported Tuesday, citing people familiar with the matter. The broadband provider reported Q2 revenue of $386 million, down 8.7% from a year earlier, the report said. Brightspeed notified investors it is exploring an asset-backed securitization, among other financing options, to buttress its balance sheet, the report said. Brightspeed didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 135.12, Change: -1.47, Percent Change: -1.07

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On September 2, the Bank of Canada held its overnight rate at 2.25% for the seventh consecutive time. However, as the US-Canada tariff war has escalated and inflation risks have intensified, the market has shifted to betting on a rate hike. Governor Macklem warned that trade frictions will threaten the sustainability of the recovery. 63% of analysts expect the Bank of Canada to raise rates in the first half of 2027, while market pricing has shifted from expectations of easing to preparing for tightening in a stagflation scenario.

华尔街见闻•2026/09/02 22:31