Eddie Lampert’s Winning Bankruptcy Bid Saves Sears—And 50,000 U.S. Jobs

January 16, 2019

Via: Fortune

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]

The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

January 9, 2019

Category: News

Fitch, one of the “Big Three” ratings agencies, has warned that the continued government shutdown puts the US at risk of losing its “AAA” credit rating in the near future. Speaking in London Wednesday, James McCormack, Fitch’s global head of […]

Farmers Are Bracing Themselves for More Losses Amid Trump Shutdown

January 4, 2019

Via: Fortune
Category: Industries, Others

Bruce Buchanan was so elated with Donald Trump’s October vow to allow higher sales of corn-based ethanol that he carved a 60-acre thank you note in his Indiana cornfield. Now, though, the president’s actions have him worried. The government shutdown […]

Finance Tech, Liquidity

Why China Just Injected $83 Billion into Its Economy

January 16, 2019

Via: Fortune

China’s central bank on Wednesday offered financial institutions $83 billion in liquidity as part of a wider economic stimulus. The move sets a record for a single day. On Tuesday, several Chinese government institutions told investors they would be spending […]

Finance Tech, Liquidity

Treasury yields retreat amid Brexit jitters

January 15, 2019

Via: Market Watch

Treasury yields slid on Tuesday trading as investors await the results from the U.K.’s vote to leave the European Union, which is widely expected to be defeated in Parliament, creating more uncertainty in the region The 10-year Treasury note yield […]

Capital, Finance Tech

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

January 15, 2019

Via: TheStreet

JPMorgan Chase & Co. (JPM – Get Report) , the largest U.S. bank, missed analysts’ profit estimates for the first time in four years, as trading revenue fell short of expectations and costs rose for loan-loss reserves. Net income rose […]