Major US pharmacy chain Rite Aid files for bankruptcy
Major U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling …
Recessions and depressions
Risk-taker’s market? Protecting against market ugliness
It may be a risk-taker’s market. Investor and personal finance author Ric Edelman believes it’s a practical strategy to take chips off the table right now. “It comes down to …
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
Bullish case for corporate bonds over Treasurys tied to rising rates
There may be advantages to owning corporate bonds right now. JPMorgan’s Bryon Lake believes his firm’s Ultra-Short Income ETF (JPST) is ideal for those looking to make money outside the …
20% stock market plunge ahead, recession
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks …
Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks
Srettha Thavisin, Thailand’s prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Valeria Mongelli | Bloomberg | Getty Images Months of political deadlock and …
Arm IPO to help jump-start IPO market: Airbnb investor Rick Heitzmann
Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. FirstMark Capital’s Rick Heitzmann believes real fundamental demand for IPOs is returning. “People …
Sri Lanka’s ruling coalition defeats a no-confidence motion against the health minister
Sri Lanka’s ruling coalition has defeated a no-confidence motion against the country’s health minister who has been accused of allegedly failing to secure enough essential drugs and laboratory equipment that …
Sri Lanka parliament debates the health minister’s fate over reports of lack of drugs, hospital care
Sri Lankan lawmakers are debating the fate of country’s health minister, seeking to remove him over his alleged failure to secure enough essential drugs and laboratory equipment that some say …
Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a …