Business News
Wework 7.875% bond falls 96.3 cents, lowest since August
WeWork’s 7.875% bond due in May 2025 fell 5.46 points to 96.3 cents in early trading on Tuesday after its parent, the We Company, postponed its initial public offering.
Year: 2019
Business News
U.S. manufacturing production rebounds in August
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production, but the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies.
Trading Ideas
Retirement Villages in America
Retirement villages have become increasingly popular in America today. Yet, many people aren’t aware of these communities and their benefits. As you reach the end of your career, you may want to consider their accommodations.
So, what are retirement villages? They’re unique housing communities that provide specific services and 24-hour assistance for seniors. They can accommodate various lifestyles and provide features that tend to your specific needs.
Nobody has the same interests, passions and needs in retirement. Therefore, most of these independent living communities offer various types of programs to meet your medical, recreational and overall requirements.
Some individuals are looking for little …read more […]
Business News
Trump’s Fed pick, Shelton, calls for Fed coordination with White House
Judy Shelton, U.S. President Donald Trump’s pick to fill a vacant seat at the Federal Reserve, downplayed the independence of the central bank on Tuesday and called on the Fed to work more closely with the White House, an approach that would upend how it currently conducts monetary policy.
Business News
Benettons set to shake up Atlantia as bridge probe escalates: sources
The Benetton family is set to replace the powerful head of Atlantia with a management board and co-opt a veteran right-hand man to help steer the infrastructure group through fallout from a deadly bridge collapse, three sources said.
Business News
Wall Street set to open slightly lower as Fed policy meeting looms
Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates.
Business News
Chipotle adds new menu item nationwide, first time in three years
Chipotle Mexican Grill Inc said on Tuesday it would add a new item to its menu nationwide for the first time in three years, as the Mexican food chain looks to drive sales in a crowded U.S restaurant market.
Business News
Futures tick lower as Fed policy meeting looms
U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia’s main oil refinery to the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates.
Business News
Size matters. Big U.S. farms get even bigger amid China trade war
As the 2018 harvest approached, North Dakota farmer Mike Appert had a problem – too many soybeans and nowhere to put them. Selling was a bad option. Prices were near decade lows as U.S. President Donald Trump’s trade war with China weighed heavily on the market. Temporary storage would only buy him a little bit of time, particularly in an area where cold weather can damage crops stored in plastic bags.
Business News
Oil sheds gains, stocks dip as Fed comes into focus
Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week’s Federal Reserve meeting.
Business News
AB InBev braves HK turmoil with second Asia IPO attempt, seeking up to $6.6 billion
Anheuser-Busch InBev NV will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world’s second largest this year.
Business News
WeWork delays IPO after frosty investor response
WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month after a lackluster response from investors to its plans.
Business News
Oxycontin maker Purdue begins bankruptcy in push to settle opioid lawsuits
OxyContin maker Purdue Pharma LP is expected in court on Tuesday to lay out its plan for using bankruptcy to resolve more than 2,600 lawsuits alleging the company fueled the U.S. opioid crisis.
Business News
AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion
Anheuser-Busch InBev NV will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world’s second largest flotation this year.
Business News
Budweiser APAC launches second IPO attempt, targets up to $6.6 billion
Anheuser-Busch InBev NV kicked off a second attempt to spin off its Asian business in Hong Kong with the launch of an IPO on Wednesday worth up to $6.6 billion in what is poised to be the world’s second largest IPO this year.