Ashley puts Newcastle up for sale

Newcastle United owner Mike Ashley is ready to end his controversial reign after putting the Premier League club up for sale on Monday. Ashley has been a polarising figure at Newcastle since taking over at St James’ Park in 2007 and the sports retail tycoon has decided now is the time to step down. Newcastle have… Continue reading “Ashley puts Newcastle up for sale”

CarGurus (CARG) IPO up 72 percent, as rich get richer

WASHINGTON, October 15, 2017 – We’re a little late following up on our attempt to grab some shares in CarGurus, this week’s most exciting IPO. Or, we should say, “failed attempt.” We didn’t get any shares at all, something we anticipated in our previous discussion of this issue: “Currently expected to price tonight between $13-15, the… Continue reading “CarGurus (CARG) IPO up 72 percent, as rich get richer”

‘Most’ Fed members see rising inflation in 2018: Yellen

The majority of policymakers at the US central bank believe US price pressures will rise in 2018 despite recent weakness, Federal Reserve Chair Janet Yellen said Sunday. Sharp divisions among Fed members have persisted since last year over the causes of persistently weak inflation, which has failed to rise in the face of falling unemployment and… Continue reading “‘Most’ Fed members see rising inflation in 2018: Yellen”

Houston’s flood-damaged homes are selling like a hot cake flash sale and real estate investors can’t resist

Harvey The recent hemorrhage of hurricanes have rocked the real estate market so much that investors are scooping up flood-damaged homes for as low as 40 cents on the dollar in states like Texas, according to a new report. Some major Wall Street venture capital firms are getting behind the idea of buying flood-ravaged property, refurbishing… Continue reading “Houston’s flood-damaged homes are selling like a hot cake flash sale and real estate investors can’t resist”

Weak earnings leave Wells Fargo in US banking doghouse

Slumping US financial giant Wells Fargo badly missed earnings estimates Friday due to $1 billion in new legal costs and higher overall expenses, raising fresh questions about the scandal-plagued bank. Wells Fargo reported flat or lower revenues in many key consumer banking segments in the aftermath of a fake accounts scandal that led to a shakeup… Continue reading “Weak earnings leave Wells Fargo in US banking doghouse”

Your Favorite TV Channels Could Soon Be Gone

Imagine turning on your TV and realizing that dozens of your favorite channels had suddenly disappeared. You keep flicking the remote, and all you see as you switch the channels is a dark screen; no MTV, no BET, no Comedy Central or VH1. They were just there yesterday, but now they appear to no longer exist.… Continue reading “Your Favorite TV Channels Could Soon Be Gone”

US mobile carriers Sprint, T-Mobile to merge: report

Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday. SoftBank and German group Deutsche Telekom, which holds 64 percent of T-Mobile, are considering a stock swap for the deal, which could be announced as early as… Continue reading “US mobile carriers Sprint, T-Mobile to merge: report”

Mexico expects ‘win-win’ in NAFTA negotiations: central bank

Mexico expects the renegotiation of the North American trade pact to produce benefits for itself, the United States and Canada, Mexican central bank Governor Agustin Carstens said Saturday. “NAFTA has been tremendously important for the Mexican economy and … there is plenty of room to modernize NAFTA, to make it fair and productive for the three… Continue reading “Mexico expects ‘win-win’ in NAFTA negotiations: central bank”

Digital fiat currency will be deployed in developing countries first: Expert

While Initial Coin Offerings (ICO) have been banned by Chinese authorities since Sept 4, experts, scholars, and companies from more than 40 countries gathered at a workshop in Beijing, the country’s capital city, from Thursday to Friday, to chart a course for digital fiat currency issued by central banks. The People’s Bank of China (PBOC), China’s… Continue reading “Digital fiat currency will be deployed in developing countries first: Expert”

Ivanka Trump touts launch of World Bank businesswomen’s fund

Ivanka Trump, President Donald Trump’s daughter and a White House advisor, on Saturday touted the creation of a new World Bank initiative to foster entrepreneurship among women. The initiative launched this week, the Women Entrepreneurs Finance Initiative or We-Fi, aims to boost access to capital for businesswomen in the developing world. “Fully unleashing the power of… Continue reading “Ivanka Trump touts launch of World Bank businesswomen’s fund”