Broadcom CDS Explodes As It Seeks Up To $100 Billion In Massive Off-Balance Sheet Debt Deal

Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More In addition to Iran war developments, this week’s economic calendar will focus on the inflation side of the Fed’s dual mandate following a solid March employment report. The key data releases this week are the February durable goods report on Tuesday, the February PCE report on Thursday, and the March CPI report on Friday. Fed Vice Chair Philip Jefferson will deliver a speech on the economic outlook on Tuesday. The minutes to the FOMC’s March meeting will be released on...

"We Are Deeply Saddened": OnlyFans Owner Leonid Radvinsky Dead At 43 The billionaire owner of adult content platform OnlyFans has died after a long battle with cancer, according to Bloomberg, citing a statement from the company. Leonid Radvinsky died at the age of 43, according to the company, which added, "We are deeply saddened to announce the death of Leo Radvinsky. He passed away peacefully after a long battle with cancer." Radvinsky's death raises new questions about the platform's future ownership, especially since he reportedly placed his majority stake in a trust...

O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook Glass bottle and jar company O-I Glass plunged the most in premarket trading in more than six years after it slashed its full-year adjusted EPS outlook, blaming higher energy costs tied to the Gulf-related energy shock. The major glass-container manufacturer, producing bottles and jars for the beer, wine, spirits, beverage, and food-packaging markets, now expects adjusted EPS of $1.00 to $1.50, down sharply from its prior forecast of $1.65 to $1.90 and well below the $1.67 Bloomberg Consensus estimate.  Slide 8 detailed...