‘In these factious times, investors are hard put to find their footing. They face rising uncertainty but falling returns. By some measures, uncertainty about economic prospects is currently highest on record. Further, policy makers seem to have limited ammunition to reflate economies.’ That’s the bleak assessment of the global landscapeRead More →
When corners of the financial markets that are typically considered mundane draw outsize attention on Wall Street, it is always cause for investor concern. That was the case last week when surging overnight borrowing costs laid bare cracks in a key Wall Street funding mechanism, which left many scrambling forRead More →
Americans are working hard, but employers aren’t necessarily working for them. Now a radical idea to guarantee U.S. workers a cut of their company’s profits could one day force employers to cough up more of the wealth. While established profit-sharing and equity-ownership programs already give a financial boost to manyRead More →
The U.S. IPO market is set for a busy autumn with no fewer than five companies setting terms for their planned initial public offerings early Tuesday, positioning September for a flurry of activity. The U.S. market is expected to mark its biggest year measured by proceeds — but not numberRead More →
Office space-sharing company WeWork moved one step closer to the public markets on Wednesday, when it filed the paperwork for parent The We Company’s initial public offering, giving investors a more detailed look at its business. The company WE, +0.00%, which filed confidentially for an IPO last year, said itRead More →
Lori Loughlin doesn’t think she did anything wrong by allegedly paying a half-million dollars to get her daughters into USC — because she thinks the payoff was the same as making a donation, according to a report. “She honestly didn’t think what she was doing was any different than donatingRead More →
It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank JYSKY, -20.24%, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that it will offer a 20-year fixed-rate mortgage in Denmark thatRead More →
SYDNEY (Reuters) – Australia’s banking watchdog faces funding challenges to improve oversight on entities it regulates, its chairman said on Wednesday, after a government report recommended that the regulator be more forceful and less discreet. Australian Prudential (LON:) Regulatory Authority (APRA) Chairman Wayne Byres told reporters on a conference callRead More →
TOKYO (Reuters) – Japan Display Inc said on Friday that a group led by Chinese investment firm Harvest Group had formally secured additional funding for a previously announced 80 billion yen ($738 million) bailout plan for the screen maker. Harvest would increase its investment, included a $100 million investment fromRead More →
Boris Johnson and Jeremy Hunt are ramping up their spending promises days before Conservative party members receive their postal ballots to decide who will become their next leader — and U.K. prime minister. Johnson has moved to secure support by vowing to hire 20,000 extra police to “keep the streetsRead More →
Tough climate and energy targets have driven a record boom in sustainable bonds over the first half of this year as new industries tap the market for funds. The latest firm to seek finance for climate-friendly projects is the Dutch grocer behind America’s Food Lion, Giant Food, Hannaford, and StopRead More →
The Federal Reserve is charged by Congress to accomplish full employment and stable prices. For economists, these objectives pose a tradeoff, and the Fed targets 2% inflation as a compromise. All this is premised on economic theories rendered obsolete by the globalization of many goods and services markets, capital mobility, and resulting wageRead More →
SoftBank Group Corp.’s bid to raise a second mega fund has met with a chilly reception from some of the world’s biggest money managers, signaling that a crucial initiative for the firm faces significant hurdles. The Japanese technology giant has made preliminary approaches to some of the world’s largest investorsRead More →
Endeavor Group Holdings Inc., a Los Angeles–based entertainment powerhouse, is planning an initial public offering that will give investors a rare chance to buy shares in a talent agency. The company was formed by the merger in 2009 of the William Morris Agency with Endeavor Talent Agency, a boutique firmRead More →
When it comes to banking, it takes a village. I mean that in the truest sense of the word. Recently, I had the opportunity to meet with Andrea Jung, president and CEO of Grameen America, a nonprofit organization founded by Muhammad Yunus, who earned the Nobel Peace Prize in 2006.Read More →
Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following inRead More →
Once in an article I called Charlie Munger “Warren Buffett’s sidekick.” Jeff Matthews, a friend and the author of “Pilgrimage to Warren Buffett’s Omaha,” sent me an impassioned note saying, “Charlie is not a ‘sidekick’! Charlie changed Buffett’s investment philosophy. Sidekicks don’t do that.” He went on: “At Munger’s 90thRead More →
Slack Technologies is going to directly list its shares for public trading on the New York Stock Exchange this summer. In doing so, Slack is following in the footsteps of Spotify Technology, which last year did a successful direct listing on the NYSE. In a direct listing, a private companyRead More →
Lyft Inc. plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter. The range, equating to between $62 and $68 a share, is preliminary and couldRead More →
When women entrepreneurs and women-owned businesses seek funding to grow their business, the statistics aren’t pretty. Just 2.2% of all venture capital in the U.S. goes to companies founded solely by women. In addition, companies with all-male founders receive funding after their first round close to 35% of the time.Read More →
Gender inequality is in the spotlight like never before. If the global strikes and protests of last year’s International Women’s Day reminded us of the scale and importance of the challenge, they also showed us that genuine change is within reach. This year, we must ask ourselves how we canRead More →
A day after California Gov. Gavin Newsom severely scaled back plans for a high-speed train, President Donald Trump on Wednesday said he wanted the project’s federal funds returned — to which Newsom responded: No way. On Tuesday, Newsom announced during his first state of the state address that soaring costsRead More →
© Reuters. Reddit mascots are displayed at the company’s headquarters in San Francisco (Reuters) – Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion. The series D funding roundRead More →
Gossamer Bio, Inc., a company with six drugs in its pipeline, is planning to go public and has applied to list on the Nasdaq exchange under the ticker symbol “GOSS.” Three of the company’s drugs are in clinical trials, while the rest are still in preclinical stages of development. TheRead More →
New Fortress Energy LLC has become the first operating company to go public this year, but the stock’s slump in its trading debut suggests investors are fully feeling the current winter chill. The natural gas and energy infrastructure company’s stock NFE, +6.04% fell as much as 8% before recoupingRead More →
