Month: February 2020

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One of China’s Biggest Bubble Tea Chains Seeks $400 Million U.S. IPO

February 26, 2020 admin Comments Off on One of China’s Biggest Bubble Tea Chains Seeks $400 Million U.S. IPO

(Bloomberg) — Naixue’s Tea, one of the biggest bubble tea chains in China, has filed confidentially for a U.S. initial public offering that could raise as much as $400 million, according to people familiar with the matter.Bloomberg News reported on Tuesday that the company, also known as Nayuki, has been working with advisers on the share sale that could take place as soon as this year. The firm is also looking to raise about $50 million to $100 million in a pre-IPO funding round, the people have said, who asked not to be identified as the discussions are private.Naixue, started …read more […]

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Oil rises on short-covering despite growing fears over coronavirus

February 26, 2020 admin Comments Off on Oil rises on short-covering despite growing fears over coronavirus

Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Government data due at 10:30 a.m. EST (1530 GMT) on Wednesday was expected to show a 2 million-barrel rise, according to a Reuters poll. …read more […]

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U.S. Stock Futures Rise After Rout; Bonds Steady: Markets Wrap

February 26, 2020 admin Comments Off on U.S. Stock Futures Rise After Rout; Bonds Steady: Markets Wrap

(Bloomberg) — U.S. equity futures rose and Treasuries steadied after a surge that took yields to record lows, while Asian shares opened lower after another rout on Wall Street. Futures on the S&P 500 Index edged up after a 3% slump in the gauge of U.S. shares brought its losses to 7.6% over the past four days. The 10-year U.S. Treasury yield remained below 1.40%. Fears of the coronavirus spreading through the world’s biggest economy spooked traders Tuesday, with the Centers for Disease Control and Prevention warning Americans to prepare for an outbreak. In Asia, the origin for the disease, …read more […]

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Disney's Big Secret Is Finally Out

February 26, 2020 admin Comments Off on Disney's Big Secret Is Finally Out

(Bloomberg Opinion) — What a day for the Walt Disney Co. to let out its biggest secret.Just as investors were engrossed by news updates on the worsening coronavirus and its convulsive effect on global financial markets, Disney delivered another jolt by announcing longtime CEO Bob Iger was stepping down. Huh? It was the last thing shareholders saw coming. The company’s choice wasn’t even who most people expected. Bob Chapek, the head of Disney’s theme parks business, is taking over, effective immediately. Iger will remain chairman through to the end of 2021.It’s the most significant change to happen to the entertainment …read more […]