Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Chinese fast-fashion retailer Shein files for U.S. IPO – WSJ
(Reuters) -China-founded fashion company Shein has confidentially filed to go public in the United States, the Wall Street Journal reported on Monday, citing people familiar with the matter. The fast-...
Nov 27, 2023
Fed may need four years to recoup income loss, St. Louis Fed study says
By Michael S. Derby NEW YORK (Reuters) - The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S. Treasury, according to new ...
Nov 27, 2023
Former NBCUniversal chief Jeff Shell in talks to join private equity firm RedBird
NEW YORK (Reuters) - Former NBCUniversal Chief Executive Jeff Shell is in talks to join private equity firm RedBird Capital Partners, among others, he confirmed to Reuters on Monday. Shell left Comcas...
Nov 27, 2023
Tesla beats claim that it fired factory workers amid union campaign
By Daniel Wiessner (Reuters) - A U.S. labor board has dismissed claims that Tesla Inc illegally fired employees working on Autopilot software at a New York factory to put an end to union organizing. A...
Nov 27, 2023
US recession will prompt 175 basis points in Fed cuts next year, DB economists say
By Lewis Krauskopf NEW YORK (Reuters) - The Federal Reserve will cut rates more aggressively than markets are currently pricing in as a mild U.S. recession arrives in the first half of next year, econ...
Nov 27, 2023
Denmark’s Maersk sells remaining share holding in Norway’s Hoegh Autoliners
OSLO (Reuters) - Danish shipping firm Maersk has sold 20,000,000 shares in Norway's Hoegh Autoliners, cutting its holding to zero, according to a stock exchange filing. The sale at a price of 90.00 No...
Nov 27, 2023
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
By David Randall NEW YORK (Reuters) - An upcoming "economic soft patch" will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap stocks, strateg...
Nov 27, 2023
Wall Street regulator adopts Dodd Frank rule against trader conflicts
(Reuters) - The U.S. Securities and Exchange Commission on Monday adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to ...
Nov 27, 2023
Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News
(Reuters) - A team of bankers focused on healthcare at Citigroup has left for rival Jefferies Financial after the firm's executives mulled closing the municipal banking department altogether, Bloomber...
Nov 27, 2023
Private credit to see best opportunities since ’08 crisis in coming years -PIMCO
By Matt Tracy and Davide Barbuscia (Reuters) - U.S. bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private ...
Nov 27, 2023
