While months of Hong Kong protests have scared away tourists, sent jitters across the financial center and cast a dark cloud over the local economy, there’s one thing residents of the city are confident they can bank on – sky-high property prices.
The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.
BP Plc is preparing to announce that the British oil company’s chief executive, Bob Dudley, plans to retire within about 12 months, Sky News reported https://bit.ly/2nuYqLQ on Saturday.
Earlier this week, the Fix actually said out loud, “Bitcoin has been pretty boring lately.” One day later, bitcoin fell 15% and traded below $8,000 for the first time since June. Oops.
In the Fix’s defense, bitcoin had spent most of the month trading between $10,000 and $11,000. And volatility had reached its lowest point since April.
After the crash, our Adam Sharp wrote a terrific piece for our First Stage Investor members explaining why the price of bitcoin fell – and what you should do about it.
Bitcoin’s fall wasn’t the only big news story this week. In fact, this was the …read more […]
(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.)
A further 16,700 customers of collapsed British travel firm Thomas Cook are scheduled to be repatriated on Saturday on 76 flights, the country’s aviation regulator said.
The U.S. Federal Aviation Administration process for certifying new airplanes is not broken but needs to be improved, the chair of an international panel of air-safety regulators, tasked to review Boeing Co’s 737 Max, said on Friday.
The U.S. Federal Aviation Administration late on Friday said it would require operators of some Boeing 737 NG jetliners to conduct inspections for structural cracks and make repairs as needed following the discovery of cracks on a small number of planes.
Japan’s SoftBank Group Corp is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday.
Electric carmaker Tesla Inc interfered with legitimate union organizing and must read a notice to workers explaining their rights in a meeting requiring attendance from Chief Executive Elon Musk, a U.S. labor judge ruled on Friday.
Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners who was convicted of fraud, was granted a new trial by a New York federal judge on Friday, and David Levy, a former executive of Platinum, was acquitted.
The U.S. Federal Trade Commission (FTC) has requested for more information from AbbVie Inc and botox maker Allergan Plc on their $63 billion deal, the companies said on Friday.
(This September 26 story corrects airline group to SkyTeam alliance instead of the Sky Alliance in paragraph 6)
After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations.
My grandfather was born in 1904. He died 29 years ago, and he was my hero.
His life was the quintessential American Dream. The son of immigrants, he was very poor as a child.
He started working when he was 6 years old, selling newspapers on the corner (although the age always got younger every time he told the story). He went to high school, college and grad school at night so he could help support his family during the day.
My grandmother would tell us how he would come home from night school exhausted, eat a bowl of cornflakes for a late …read more […]
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