Check out which companies are making headlines before the bell: Whole Foods – Whole Foods continues to be a stock to watch, with speculation continuing about a possible competing bid to Amazon’s $13.7 billion deal. Reuters reported late Friday that Wal-Mart is not actively considering a bid, according to a source familiar with the matter. […]
Read moreA U.S. warship struck by a container vessel in Japanese waters failed to respond to warning signals or take evasive action before a collision that killed seven of its crew, according to a report of the incident by the Philippine cargo ship’s captain. Multiple U.S. and Japanese investigations are under way into how the guided […]
Read moreCurrency, United States Finance
Co-op bank cancels sale process, with US hedge funds potentially injecting new capital
The Co-operative Bank has cancelled plans to sell itself as talks with existing investors, which include several U.S. hedge funds, to recapitalize the troubled U.K. lender reach an advanced stage. The bank launched a formal sale process in February this year in order to raise capital and meet its requirements. The bank has struggled since […]
Read moreCrude oil may see further pain ahead after logging a five-week losing streak and tracking for its worst first-half percentage fall since the late 1990s, according to a Reuters estimate. The price of oil has fallen as concerns over a global supply glut have yet to subside, and OPEC-led production cuts have had relatively little […]
Read moreMobile payments app Yoyo raises $15 million in investment, backed by German retail giant Metro Group
Yoyo Wallet, Europe’s fastest growing mobile payments app, raised £12 million ($15.3 million) in a Series B round, it announced on Monday. The deal was led by German retail giant Metro Group, and awaits approval from the U.K.’s Financial Conduct Authority. The U.K.-based fintech app began life four years ago, servicing dozens of U.K. and […]
Read moreFinancial markets are not often as gentle and generous as they’ve been this year. Just count the blessings the market gods have bestowed: The S&P 500 has returned close to 10 percent (including dividends) so far in 2017, and 19 percent over the past 12 months, with global markets climbing in harmony with U.S. shares. […]
Read moreJust two days after a successful launch and landing of a reused rocket, SpaceX pulled off another Falcon 9 landing Sunday afternoon. The rocket was launched from Vandenberg Air Force Base in California on Sunday afternoon, and its first stage made its way back to Earth, successfully landing on a drone ship in the Pacific […]
Read moreBarclays has been in discussions with regulators and financial technology – or fintech – firms about bringing cryptocurrencies like bitcoin “into play”, the bank’s U.K. chief executive told CNBC on Monday. Ashok Vaswani revealed that the banking giant has met with Britain’s Financial Conduct Authority (FCA) watchdog to talk about how to make bitcoin safe […]
Read moreThe U.S. and India are likely to keep expectations low while scoring easy wins during a meeting between President Donald Trump and Prime Minister Narendra Modi this week, analysts said Monday ahead of the Indian leader’s visit to Washington. “The Indians especially would want this to be more of a handshake meeting, and would like […]
Read moreWhile investors seem to have come to a consensus view that the U.S. dollar rally is coming to an end, Credit Agricole has offered a contrarian take: There is room for the greenback to strengthen. David Forrester, the bank’s FX strategist told CNBC Monday that markets have been predominantly focused on U.S. inflation data and […]
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