Blackstone to Earn $4.1 Billion in Sale of Vegas Casino to MGM Resorts International
Blackstone Inc reached a deal to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, according to a report by The Wall Street Journal on...
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Rolls-Royce Sells ITP Aero, Hits 2-Billion-Pound Disposal Target
British giant Rolls-Royce has hit its 2-billion pound disposal target after inking an agreement to sell its Spanish unit ITP Aero for 1.7 billion euros, Reuters reported. Rolls-Royce sold its...
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Goldman Sachs Upgrades Oil Target to $90 on Prolonged Impact of Hurricane Ida
Multinational investment bank Goldman Sachs Group Inc. has upgraded its oil price target for the year due to the prolonged impact of Hurricane Ida, MarketWatch reported. Analysts have revised their...
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Chinese Officials Gear For Evergrande Default
Chinese officials are gearing for the possible default of property giant China Evergrande Group, indicating an unwillingness to bail out the company, the WSJ reported. Sources close to the matter...
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How Congress Members Are Swaying TikTokers’ Stock Trades
Investors on TikTok are now looking at financial disclosures of Congress members for guidance on stock trades, NPR reported. Investors have cited disclosures of House Speaker Nancy Pelosi, which indicated...
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BlackRock and HSBC Funds Increased Evergrande Bond Holdings as Liquidity Crisis Took Shape
BlackRock and HSBC’s funds added to their holdings of Evergrande bonds a few months before a liquidity crisis at Evergrande threatened, according to a report by FT on Tuesday. BlackRock...
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PayPal Launches a Super App Integrating Crypto, Payments, and Savings
PayPal announces the release of a new app poised to be a one-stop shop for all of the digital payment needs, according to a news release by PayPal Newsroom on...
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The World’s Richest Families Got Even Richer Amid the COVID-19 Pandemic
The world’s richest have become even richer in the past year amid the COVID-19 pandemic, with the 25 wealthiest families adding $312 billion to their possessions in the past year,...
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Coinbase Scraps Lend Program After SEC Threat To Sue
Coinbase has announced plans to discontinue the USDC APY program after being pressured by the SEC, according to an updated blog post by Coinbase on Friday. The Brian Armstrong-led crypto...
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S&P 500 Expected to Drop 20% in Latest Morgan Stanley Prediction
The index tracking the United States’ largest companies could drop as much as 20% due to slow growth and a decline in consumer confidence, Bloomberg reported. Morgan Stanley strategists said...
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US Junk-Debt Sales Tops One-Year High on Rebounding Economy
The $3 trillion market for junk debt is having its best year ever, backed by a rebounding economy, according to a report by The Wall Street Journal on Sunday. US...
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JPMorgan Ready to Take on British Giants With UK Digital Bank
American payments giant JPMorgan Chase & Co. is taking on top lenders in the United Kingdom as it gears to launch its digital bank next week, CNBC reported. JPMorgan International...
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