VRL faces potential rating action by S&P Global in the absence of a credible refinancing plan by July end for $1 billion bonds. On Friday, it told investors that the brand fee, at 3% of VDL’s annual revenue and subject to reviews within the six-year set mandate, can be increased to 5% without shareholders’ approval.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026