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South Korea government to activate market stabilization fund after martial law attempt

South Korea's Finance Ministry said on Thursday that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization fund, after President Yoon Suk Yeol's lifting of a martial law declaration affected financial markets. The Bank of Korea may purchase government bonds and expand repo operations if needed, and the government is closely monitoring markets and will deploy measures according to contingency plans if needed, the Finance Ministry said in a statement. ($1 = 1,411.1300 won)

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With Fraud Allegations Cleared, Is Super Micro Computer Stock (SMCI) a Buy?

Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a short-selling firm, which caused its stock to plunge. While the long-awaited verdict on the case came out in Super Micro’s favor, leading to a rebound in the stock, there are still concerns connected to its growth story that prompt me to maintain a neutral stance for now. Although the stock’s valuations remain attractive, even after the recent rebound, this articl

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Fontainebleau Miami Beach to Borrow $975 Million in Bond Market

(Bloomberg) -- Fontainebleau Miami Beach, a luxury hotel founded in the 1950s, plans to sell a $975 million commercial mortgage-backed security to refinance its debt. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIt seeks to raise around $1.2 billion in debt financing, including the CMBS and a mezzanine loan of as much as $225 million, according to deal documents.Jeffrey Soffer, the indirect maj

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