Short interest in WeWork bonds jumps to record high
Short bets against WeWork’s bonds jumped to a record high this week, suggesting investors believe the office-sharing startup may again seek to raise money in the debt market after it filed to withdraw its initial public offering.
Global stocks crawl up slightly as weak U.S. data spurs hopes of Fed rate cut
The latest weaker-than-expected U.S. economic data on Thursday fed hopes that the Federal Reserve would cut U.S. interest rates this month, which helped lift global equities slightly after two days of declines, but investors also parked some funds in U…
Brexit raises stakes for Britain in aircraft trade war
U.S. tariffs on European goods have plunged Britain into a trade war between the European Union and United States just as it plans to leave the 28-nation bloc, infuriating Scotch whisky makers and handing it a dilemma over thousands of Airbus jobs.
Fighting GM puts a financial squeeze on striking union workers
While striking workers at General Motors Co’s U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.
Oil ends little changed after touching near two-month lows
U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.
Cheesed-off European dairy producers dismayed at U.S. tariffs
European cheese makers complained on Thursday of being held “hostage” in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus.
WeWork seen as startup lesson in what not to do in Silicon Valley
The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups – in what not to do.
Wall Street gains as dour services data raises rate-cut expectations
Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.
U.S. seeks advertising, sales data on e-cigarette companies
The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe of their marketing practices.
U.S. recession risks up as services growth hits three-year low
U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, suggesting that trade tensions were spilling over to the broader economy.
