Month: July 2020

Some retailers in bankruptcy during the pandemic are attempting to pull off a high-wire act. Here’s where they stand. …read more […]

The deal has been approved by Uber’s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of Uber’s food delivery business, Uber Eats, is expected to continue to run the combined delivery business. Uber and Postmates did not immediately respond to a Reuters request for comment. Last week, Reuters reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food delivery service sector that sparked acquisition interest in the company. …read more […]

Jul.05 — Alan Dupont, founder and chief executive officer at Cognoscenti Group, discusses the relationship between the U.S. and China, his outlook for the U.S. election and how he manages risk when dealing with both countries. He speaks on “Bloomberg Markets: China Open.” …read more […]

The deal has been approved by Uber’s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of Uber’s food delivery business, Uber Eats, is expected to continue to run the combined delivery business. Uber and Postmates did not immediately respond to a Reuters request for comment. Last week, Reuters reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food delivery service sector that sparked acquisition interest in the company. …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

(Bloomberg Opinion) — Real estate becomes a safe bet in uncertain times, and it’s proving true in China after months of pent-up demand from the pandemic runs into an outlook still filled with uncertainty.The problem, as we’ve seen time and again, is that anyone hoping for security from a market that’s heavily controlled may be in for disappointment, as the government will inevitably tighten limits when prices rise too much. Beijing should instead ramp up secure options for investors, such as accelerating the offering of real estate investment trusts. Recent gains in mainland real estate prices have all the …read more […]

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(Bloomberg) — Uber Technologies Inc.’s board of directors has approved a $2.65 billion acquisition of food delivery rival Postmates Inc. in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.Uber’s head of food delivery, Pierre-Dimitri Gore-Coty, is expected to continue to run Uber’s combined delivery business, according to a person who asked not to be identified discussing a private deal. The acquisition comes on the heels of Uber’s failed bid to acquire publicly traded GrubHub Inc., which was scooped up by Europe’s Just Eat Takeaway for $7.3 …read more […]

Jul.05 — The British government is preparing to begin phasing out the use of Huawei Technologies Co. equipment in the U.K.’s 5G telecoms network as soon as this year, a person familiar with the matter said. Selina wang reports on “Bloomberg Daybreak: Asia.” …read more […]

(Bloomberg) — Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections.Libya’s oil exports are expected to slide this month as forces opposed to the government continue to block shipments, adding to coordinated OPEC+ cuts, while data last week showed the American labor market rebounded in June. However, a surge in U.S. virus cases has pushed global infections above 11.3 million, prompting concerns the recovery may be derailed.See also: Markets Torn Between Robust Economic Data and Rising Virus CasesWhile Brent oil has doubled since April as …read more […]

Jul.05 — While Donald Trump has yet to sign legislation that would impose sanctions on certain Chinese officials over Hong Kong, an administration official says the President is considering two or three actions against Beijing. Selina Wang reports on “Bloomberg Daybreak: Asia.” …read more […]

Jul.05 — Tokyo Governor Yuriko Koike has scored a landslide victory in her re-election bid as the city tries to keep a fresh virus surge in check. Koike, the first woman to govern the 14 million strong city, is set to win about 60% of the vote, beating her nearest rival by 40 percentage points. Bloomberg’s Isabel Reynolds reports on “Bloomberg Daybreak: Asia.” …read more […]

Jul.05 — Australia’s Finance Minister Mathias Cormann says he will step down at the end of the year. Paul Allen reports on “Bloomberg Daybreak: Australia.” …read more […]

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