A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies.
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
Consolidation in the U.S. healthcare industry, which has already witnessed a string of multi-billion dollar deals, is expected to remain a major theme for the rest of 2019.
Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.
Plant-based meat alternatives have seen booming interest from consumers, prompting a growing number of companies to enter the space in hopes of carving out a spot for their products in the competitive supermarket aisle.
The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.
Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.
Stocks were the most popular investment in America last year. But this year, real estate is winning out. And cryptocurrency is growing in popularity as well.
According to a July 2019 nationwide survey from Bankrate, real estate is the most popular long-term investment across all age groups. Thirty-one percent of respondents selected real estate, up from 22% in 2018. Stocks dropped in popularity by nearly 40%.
And investing in bitcoin and other cryptocurrencies has doubled in popularity since last year – from 2% to 4%. The increased popularity of real estate and crypto investments is being driven by young investors.
In the 2019 …read more […]
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.
I warned ya!
I said last week that pot stock investors were going to have to run the gauntlet. And true to form… it was a brutal one.
Our High Five all reported earnings. And the list comprised some very notable names in the industry: Canopy Growth Corp. (NYSE: CGC), Greenlane Holdings (Nasdaq: GNLN), Neptune Wellness Solutions (Nasdaq: NEPT), Tilray (Nasdaq: TLRY) and Village Farms International (Nasdaq: VFF).
Unfortunately, the companies left very little to cheer about…
It was nearly across-the-board misses. And the Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) was dragged down more than 6% for the week.
The hardest hit of …read more […]
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.
General Electric Co intensified its defense of accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.
Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world’s largest airline, said on Monday.
General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.
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