Search

2026 is not over yet - and this year is marked by the accumulation of crises. At the start of the budget discussions, Finance Minister Roland Lescure stood in front of a nearly empty plenary hall late Tuesday evening and tried to convince the few attendees of the seriousness of the situation: "2026 is not over yet - and this year is marked by the accumulation of crises," he said. "That is why we will again pursue a consolidation course in 2027. We cannot resign ourselves to this," Lescure cautioned. To prevent us from having to borrow more and more money and to maintain our leeway, there is only one way: to reduce our budget deficit - from the current 5.4 to 5.0 percent of economic output. #Haushaltsdebatte #Frankreich #Finanzpolitik (translated)

SchalkeZone reported citing BILD that S04 was interested in a loan for Younes Ebnoutalib on Deadline Day. Frankfurt would have released the striker if Kalimuendo had switched to Eintracht in return. If Ebnoutalib continues to primarily come on as a substitute, a transfer in winter could become a topic again, SchalkeZone wrote. English clubs are also keeping an eye on the striker. https://t.co/vq81EgZwPX #Fußball #Transfers #Bundesliga (translated)

Furkan Yildirim wrote that the US Treasury could auction fewer long-term government bonds as early as November and possibly discontinue the 20-year term altogether. According to Yildirim, Citigroup expects Secretary of the Treasury Scott Bessent to announce a $3 billion reduction in auctions for 20- and 30-year bonds each on November 4. The financing gap is to be closed with government securities maturing within a year at the latest. The department may also ask large banks next week whether pension funds now prefer bonds from Amazon, Meta, and Alphabet to those of the state. The 20-year bond was reintroduced in 2020 after a 34-year hiatus and now offers nearly 5.7 percent interest, more than any other US maturity. At the end of 2020, its yield was just under 1.5 percent. At the same time, Alphabet, Amazon, Meta, Microsoft, Oracle, and SpaceX had already issued dollar bonds amounting to more than $180 billion in 2026; according to Yildirim, Amazon's bonds extend to 2076. According to asset manager TwentyFour, which Yildirim cited, Japanese investors are now receiving enough interest at home to invest their money there. Citi strategist Jason Williams wrote that pension funds may currently be more inclined than usual to invest in long-term corporate bonds of good quality. However, BNP Paribas strategists doubted that smaller auctions would reduce the government's financing costs. Yildirim also pointed out that the yield on 10-year US bonds serves as a basis for mortgages and many other loans, and Bessent had referred to it as an important measure of his success. With an annual deficit of nearly $2 trillion, the debt burden continues to grow as competition for long-term buyers increases. #Finanzen #Anleihen #Wirtschaft (translated)

Furkan Yildirim wrote that, according to recent reports, SpaceX intends to borrow 40 billion dollars to purchase Nvidia chips. Nvidia itself holds around 123 million SpaceX shares and is simultaneously building a 500-billion-dollar platform with six major financial institutions that offers loans to customers for Nvidia chips and guarantees part of it. Yildirim described this as a circular flow of money. According to the Financial Times, 10 billion dollars of the SpaceX deal should come from bank loans and 30 billion from bonds. Apollo is supposed to lead it, which according to Yildirim is also one of the partners of Nvidia's platform. When SpaceX was looking for investors, they received a two-page memo with space images describing the data centers as being located in an unspecified place in space. An investor reportedly asked, according to the Financial Times, how he should explain that to his investment committee. Yildirim also pointed to skepticism in the bond market: SpaceX sold bonds worth 25 billion dollars in June; the bonds, maturing in 2056, are currently trading at around 85 cents on the dollar and have a risk premium at junk bond levels. SpaceX reported losses of 4.9 billion dollars in 2025 and 4.28 billion dollars in the first quarter of 2026 alone. Nevertheless, the company is officially considered an investment-worthy debtor at the second worst level of this category. According to Yildirim, this classification allows insurers and pension funds to purchase bonds on a larger scale. Apollo's life insurer Athene typically takes a large share in such deals. As further evidence of the development, Yildirim cited information from Goldman Sachs, indicating that by 2026 about 500 billion dollars in AI-related debt had already been taken on. By the end of the year, the bank expects more than 750 billion dollars and nearly 1.2 trillion dollars for 2027. According to the Financial Times, Nvidia also negotiated with insurers at the end of September about the transfer of default risks related to chip loans. Yildirim wrote that the investment boom is increasingly being financed through debt and referred to a detailed video on the topic published the previous day. #SpaceX #Nvidia #Finanzen (translated)

Justin #Lerma kann derzeit aus arbeitsrechtlichen Gründen nicht für die U23 spielen. Da Einsätze unter Kovac momentan unwahrscheinlich sind, wird über eine Leihe im Winter nachgedacht. Zunächst muss er jedoch seine Muskelverletzung auskurieren. 🗞️rn #BVB https://t.co/haiseAzCMM #Fußball #Transfermarkt #Verletzung

VfB verleiht Jeremy Arévalo an Estrela Amadora Der 21 Jahre alte Stürmer wechselt auf Leihbasis zum portugiesischen Erstligisten Estrela Amadora. Hier geht’s zur Meldung: https://t.co/FBJ3RmvXZ0 #VfB | #VfB1893 https://t.co/jQ3sEE60CE #VfB #Leihe #Fußball

VfB verleiht Badredine Bouanani an den Rangers Football Club Der 21-Jährige wechselt auf Leihbasis in die schottische Premiership. Alles Gute für deine Zeit in Glasgow, Badredine! Hier geht’s zur Meldung: https://t.co/7y9HI1nWSq #VfB | #VfB1893 https://t.co/oHdD16hECN #VfB #Fußball #Leihe

🚨 Der FC Arsenal hat bei #Nwaneris Leihe zu Borussia Dortmund eine Rückrufklausel eingebaut. Der Verein kann ihn im Januar zurück holen. 🗞️@FabrizioRomano #BVB #Nwaneri https://t.co/U01mfQ5qVn #FCArsenal #BorussiaDortmund #Nwaneri

"Der Name war bei uns immer wieder auf dem Zettel. Die Möglichkeit, ihn wirklich zu leihen, kam erst am Dienstagmittag auf. Letztlich war es extrem knapp, aber wir haben die Unterlagen rechtzeitig eingereicht." Frank Baumann über Last-Minute-Neuzugang Hee Chan Hwang 💬 #S04 https://t.co/Xgh7ZfleR6 #Transfer #Fußball #S04

Leihe Hugo Larsson ℹ️ Mittelfeldspieler Hugo Larsson wechselt zunächst befristet zum Fulham FC. Mit dem Wechsel einher geht eine mit dem Premier-League-Klub vereinbarte Kaufverpflichtung, die unter bestimmten Voraussetzungen greift. Wir wünschen Dir viel Erfolg, Hugo! #SGE https://t.co/SrrNvSx5Da #HugoLarsson #FulhamFC #TransferNews

𝐖𝐄𝐋𝐂𝐎𝐌𝐄, 𝐄𝐓𝐇𝐀𝐍! 🤩🏴󠁧󠁢󠁥󠁮󠁧󠁿 ✍️ Der BVB reagiert auf den verletzungsbedingten Ausfall von Giannis Konstantelias und leiht Ethan Nwaneri vom FC Arsenal aus. Die Leihe des 19-jährigen Mittelfeldspielers ist bis zum Ende der Saison 2026/27 befristet. 🤝 https://t.co/TEOaYBBw3o #BVB #Leihe #EthanNwaneri

🚨🚨🚨 Laut @berger_pj geht es beim potenziellen Neuzugang um Hee-Chan Hwang von den Wolves. Schalke arbeitet an einer Leihe. #S04 https://t.co/mD53n5Wb2A #Schalke04 #Hwang #Transfers

Werder verhandelt mit Stuttgart über eine Leihe von Badredine Bouanani. Der Algerier hat beim VfB derzeit wenig Einsatzchancen und könnte in Bremen die Lücke schließen, die durch die langwierige Verletzung von Justin Njinmah (25) entstanden ist. 📰: Bild #WerderBremen #VfBStuttgart #Bouanani