21 min listen
Chicken-Finger Billionaire Unmasked; Health Care Woes
Chicken-Finger Billionaire Unmasked; Health Care Woes
ratings:
Length:
22 minutes
Released:
Nov 22, 2023
Format:
Podcast episode
Description
When fast-food chain Raising Cane’s tapped the US capital market this month, it revealed a $7.6 billion fortune held by CEO Todd Graves. Strong demand for the chicken-finger maker’s bonds highlights growing investor appetite for risky debt as the US economy appears headed for a soft landing, Bloomberg News reporter Michael Tobin tells Bloomberg senior editor James Crombie in this episode of the Credit Edge podcast. And it shows consumer spending holding up despite inflationary pressures, Tobin says. Also in this episode, Bloomberg Intelligence senior analyst Mike Holland weighs the outlook for US health care. Some highly-indebted companies like Community Health Systems and Bausch Health are hitting a wall as liquidity dries up, while others like HCA Healthcare are thriving, Holland says.See omnystudio.com/listener for privacy information.
Released:
Nov 22, 2023
Format:
Podcast episode
Titles in the series (68)
Retailers in Distress; Wall Street Banks Look Solid by The Credit Edge by Bloomberg Intelligence