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.
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.
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.
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 […]
$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 […]
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.
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.
Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday.
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.
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.
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