Market Extra Wequit Wework Bonds Sink after Top Executives Resign from Cash Burning Company
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WeWork races to raise cash as Neumann offers to outbid rivals
Co-working group is seeking hundreds of millions of dollars to exit bankruptcy without a saleFinancial Times - Business -
Citizens Financial is latest lender to tap the bond market a day after earnings
Regional bank’s most active bond is currently yielding 6.64%MarketWatch - Business -
An NPR editor who wrote a critical essay on the company has resigned after being suspended
A National Public Radio editor who wrote a critical essay saying that his company had become intolerant of all but liberal views has resignedABC News - Entertainment -
South Korea's prime minister and top presidential officials offer to resign after election defeat
South Korea’s prime minister and senior presidential officials have offered to resign en masse after their conservative ruling party was crushed in parliamentary electionsABC News - World -
Iran-Israel fears sink stocks as traders rush to gold, Treasury bonds
Reports that Israel is bracing for an imminent attack by Iran sparked a scramble for safety across markets on Friday, inspiring traders to dump stocks in favor of Treasury bonds, gold and the U.S. dollar.MarketWatch - Business - Israel -
Companies Belly Up to Cash Buffet, in Five Charts
With high rates beckoning, the dash to money-market funds and other high-yielding accounts is expected to continue—even if the Fed cuts rates, advisers say.The Wall Street Journal - World -
Top Companies for Financial Strength
Apple heads this list from the Management Top 250, followed by Microsoft and AlphabetThe Wall Street Journal - World -
Top Companies for Financial Strength
Apple heads this list from the Management Top 250, followed by Microsoft and Alphabet.The Wall Street Journal - Business -
Surging Treasury yields sink stocks — but here’s an unusual market twist
A sharp rise in Treasury yields sinks stocks, but moves below the surface so far aren’t in line with the typical pattern, says a top Wall Street technician.MarketWatch - Business -
Scope for More Selloff in U.S. Treasurys Seen Limited
The hot U.S. inflation print, third in a row, triggered a sharp selloff in Treasurys, led by the front end, but the room for a further selloff is capped, Societe Generale Research said.The Wall Street Journal - World -
Boeing Reveals Executives Got an Extra $500,000 in Private-Jet Perks
A Boeing review found that Chief Executive David Calhoun and other top executives took personal trips worth more than $500,000 on the company’s private jets and other planes that were improperly recorded as business travel.The Wall Street Journal - World -
Honest Co. shares dip 7% after Jessica Alba steps down from company she founded
Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.MarketWatch - Business -
Journalist who accused NPR of liberal bias resigns from the network
Uri Berliner, suspended after his Free Press essay that said the nation had lost trust in the public broadcaster, announces he is leaving the network.Los Angeles Times - Entertainment -
Chinese Developer Sinks After HSBC Subsidiary Files Liquidation Petition
A subsidiary of HSBC wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.The Wall Street Journal - World -
Inflation is ‘thorn’ in market’s side — but these ETFs rose even as stocks, bonds fell
Some exchange-traded funds rallied Wednesday even as stocks and bonds broadly fell, as hot inflation data stoked fears that interest rates will stay elevated for longer than anticipated.MarketWatch - Business -
‘Blowout’ US retail sales shake bond and currency markets
Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate cutsFinancial Times - Business -
Bond Markets Seen Offering Opportunities Even Amid Tighter Spreads
There are opportunities in bond markets despite tighter spreads, Edmond de Rothschild Asset Management said, adding that with rates high in absolute terms, they offer some protection against any economic accident.The Wall Street Journal - World -
William Wragg resigns Tory whip after Westminster sexting scandal
The senior MP admitted giving his colleagues’ phone numbers to someone on a dating appYahoo Sports - Sports -
A day after Kentucky resignation, John Calipari is announced as Arkansas' new coach
Calipari resigned at Kentucky on Tuesday.Yahoo Sports - Sports -
South Korea PM offers to resign after heavy defeat in parliamentary elections
PM Han Duk-soo said the government ‘humbly accepted’ the election result, which severely dents the political power of the president . Senior ruling party politicians in South Korea have offered to resign to take responsibility for its heavy defeat ...The Guardian - World - South Korea -
South Korean prime minister offers to resign after parliamentary election defeat
South Korea’s prime minister and top presidential officials offered to resign after their ruling party suffered a crushing defeat in parliamentary elections.NBC News - Top stories - South Korea -
Senior NPR editor resigns after accusing outlet of liberal bias
Uri Berliner, who worked as a senior business editor at NPR, wrote an essay for The Free Press in which he said he believes NPR is losing the public’s trust.NBC News - Top stories -
Masters 2024 predictions, odds, top picks, props: Golf insider targeting Sam Burns at Augusta National
Golf insider Patrick McDonald has revealed his 2024 Masters picks, PGA best bets and props for Augusta NationalCBS Sports - Sports -
These are the top 5 companies to work for in India, according to LinkedIn
LinkedIn has released its eighth annual list of top companies to work for in India. Companies that prioritized its employees' experience and growth dominated.CNBC - Business -
Stacks of Cash at Menendez Home Were Not From His Bank, Prosecutors Say
The senator has said that money found in his house was from his own savings account. But prosecutors said that at least some of it came from “another person.”The New York Times - Top stories -
Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year.CNBC - Business - Apple -
Yonhap news agency says South Korea’s prime minister and top presidential advisers have offered to resign
Yonhap news agency says South Korea’s prime minister and top presidential advisers have offered to resignABC News - World -
Money-market fund assets rise to record, as ‘investors love cash’ even as stocks climb in 2024
Assets in money-market funds rose to a record $6.111 trillion last week, with investors sitting on massive amounts of cash on the sidelines of the U.S. stock market, according to BofA Global Research.MarketWatch - Business -
High company valuations a 'worry,' IMF's capital markets chief says
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.CNBC - Business -
Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.CNBC - Business -
Infamous boat-sinking orcas spotted hundreds of miles from where they should be, baffling scientist
Yahoo News - World -
Housing Market Slumps as Mortgage Rates Top 7%
Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.The Wall Street Journal - World - Mortgage -
Infosys’ stock falls for a 7th straight day, the longest loss streak in 2 years
Infosys’s stock continued its selloff Thursday toward a 10-month low, after the India-based information-technology consultant reported fiscal fourth-quarter revenue that missed expectations.MarketWatch - Business -
Why the bond market still holds the cards as Fed walks back its pivot talk
Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cutsMarketWatch - Business -
Eurozone Bond Yields Little Changed, Euro Falls After ECB Decision
Eurozone government bond yields barely move after the ECB left interest rates unchanged, as expected.The Wall Street Journal - World -
Caitlin Clark, Iowa set for emotional home finale with extra motivation from West Virginia coach
Clark has some extra motivation heading into her last game at Iowa's Carver-Hawkeye ArenaCBS Sports - Sports -
Norway's health minister resigns after plagiarism accusation in latest scandal to rock the Cabinet
Norway’s health minister has resigned a day after a university probe concluded that she plagiarized part of her master's thesisABC News - World -
NPR Editor Resigns After Publicly Criticizing Coverage, Calls New CEO 'Divisive'
An NPR editor’s critical essay and subsequent resignation are the latest signs of a management challenge that several major newsrooms are dealing with: staffers who go public with concerns about their own employer.The Wall Street Journal - Business -
Go-kart company fined after schoolgirl death
Ruwaida Adan, 15, died after she was strangled by her headscarf while go-karting in Barking.BBC News - Top stories -
Lakers, Grizzlies played an extra 66 seconds in third quarter after game clock was 'inaccurately set'
The Lakers would ultimately win the game over the Grizzlies by a score of 123-120.Yahoo Sports - Sports