September 10, 2020
“Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held discussions about investing in the… Continue Reading…
September 8, 2020
“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…
September 4, 2020
“Debt can be overwhelming, especially if it’s in the double or triple-digits. Just ask Tiffany “The Budgetnista” Aliche who had around $300,000 in debt after the last recession… “Focus on that credit card debt. That’s the one that’s costing you… Continue Reading…
September 4, 2020
“After a disappointing summer, General Electric (NYSE:GE) finally looks set to recover… The QSR scores have been quick to spot GE’s comeback. Over 60% of the firm’s revenues now come from its high-margin aviation and medical businesses. Its loss-making renewable energy segment… Continue Reading…
July 13, 2020
“Google is planning to invest $10 billion in India as part of plans to make the internet “affordable and useful” for a billion people. CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google (GOOGL) for India event. “This is a reflection of our confidence… Continue Reading…
June 19, 2020
“Banks including Credit Suisse Group AG and Morgan Stanley face a $300 million shortfall on margin loans to the embattled founder of Luckin Coffee Inc. The lenders, which also include Haitong International Securities Group and Goldman Sachs Group Inc., raised… Continue Reading…
June 17, 2020
“The U.S. budget gap more than doubled in May, pushing the deficit for the fiscal year to near $2 trillion, as federal revenues plunged and government spending soared to help combat the coronavirus pandemic…” https://www.wsj.com/articles/federal-budget-deficit-nears-2-trillion-for-fiscal-year-11591630088
June 15, 2020
“Hertz Global Holdings Inc <HTZ.N> will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month. Hertz… Continue Reading…
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