Bloomberg Business

Ecuador’s bonds were among the biggest gainers in emerging markets Friday after Credit Suisse Group AG agreed to buy $1.63 billion of the debt from bondholders — a step toward what could be the largest debt-for-nature transaction of its kind.

Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel, an editor on Bloomberg’s Breaking News team, which monitors everything from company statements to tweets from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about.

Carvana Co.’s shares surged the most since the start of the pandemic after the debt-ridden automobile retailer topped Wall Street’s earnings estimates and predicted a return to an adjusted pretax profit this quarter.

Defense company Thales SA faces a bribery probe by French prosecutors into a $2.5 billion contract it won to modernize the Indian Air Force’s fleet of Dassault Mirage 2000 planes.

Kenya’s government plans to introduce a 3% tax on digital assets for the coming budget year as other sources of funding prove expensive or inaccessible.

The Federal Reserve may be signaling its willingness to pause rate hikes, but Bank of America Corp.’s Michael Hartnett says it’s not yet time to buy equities as outflows accelerate amid elevated inflation and recession fears.

Vodafone Group Plc’s biggest shareholder said it’s considering increasing its stake to ensure it has influence over the British telecommunications company’s future.

Used-vehicle prices tumbled in April after making gains in the first quarter of the year — a sign rising interest rates are starting to erode sales.

Bolivian bonds jumped after the country’s Senate approved late Thursday a central bank bill that would allow the government to monetize its gold reserves, a key step to ease a dollar shortage and tame a growing financial crisis.