Business News
Forever 21 files for bankruptcy
Struggling fashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankruptcy protection to restructure its business.
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Business News
AB InBev Asia unit set to open up 1.5% in Hong Kong debut
Shares in AB InBev’s Asia-Pacific unit Budweiser Brewing Company APAC Ltd were set to open up 1.5% on their market debut in Hong Kong on Monday.
Business News
Record U.S. tariff award over Airbus aid could fuel trade tensions
Transatlantic trade ties face renewed disruption this week when global arbiters are expected to grant the United States a record award allowing it to hit European imports with billions of dollars of tariffs in a long-running aircraft subsidy dispute.
Business News
Asian shares, yuan off to calm start; focus on China
Asian shares and the Chinese yuan were off to a cautious start on Monday as investors looked to how Chinese financial markets will react to the news the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.
Business News
Oil recovers from two-week low; U.S.-China trade war caps gains
Oil prices edged higher on Monday, rebounding from a two-week low in the previous session, although gains were checked by concerns about the outlook for the global economy.
Business News
Snapback to higher bond yields? At least five years, strategists say
A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago.
Business News
Exclusive: Nasdaq cracks down on IPOs of small Chinese companies
Nasdaq Inc is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers.
Business News
Vape product concerns weigh on Canadian cannabis companies looking for sales boost
A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability.
Trading Ideas
Mailbag: Learn From Venture Capital Investors’ Mistakes
Q: Do you think venture capitalists will learn anything from the WeWork debacle?
A: Great question. When you see billions of dollars in expected gains go up in smoke, it should leave a strong impression, as in…
I’ll never do that again.
But what exactly is “that” referring to?
Investing in a company losing money hand over fist? That would mean dropping 90% of the companies venture capital (VC) firms invest in.
Encouraging hypergrowth? That would be an extremely hard habit for VC firms to break. Pre-IPO, it’s all about growing fast (and breaking things).
Investing in companies headed by founders who are self-entitled pricks? Not …read more […]
Trading Ideas
Will the Postmates IPO Deliver A Profit?
$225 million and $2.4 billion.
Those two numbers are dominating headlines ahead of the Postmates IPO. The private food delivery company just raised $225 million from the private equity firm GPI Capital. This recent round of funding came at the eleventh hour and pushed Postmates’ valuation to $2.4 billion.
After confidentially filing to go public in February, Postmates is being patient with its public offering. The feeling now, however, is that a Postmates IPO is just around the corner.
What is Postmates?
For those unfamiliar, Postmates is a goods and food delivery service. All you have to do is open the app on …read more […]
Business News
Boeing omitted safeguards on 737 MAX that were used on military jet: WSJ
Boeing Co engineers working on the 737 MAX passenger plane’s flight-control system omitted safeguards included in an earlier version of the system used on a military tanker jet, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
Business News
China urges ‘calm and rational’ resolution to U.S.-Sino trade war
China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides.
Business News
China says companies facing many difficulties due to trade frictions
Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday.
Business News
China says will open more sectors of economy to foreign investors
China will open up more sectors of the economy to foreign investors, and its policy of protecting foreign companies’ rights in the country will not change, Vice Commerce Minister Wang Shouwen said on Sunday.
Business News
Hong Kong’s sky-high property prices prove resilient in face of protests
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.