EU News Digest Latest News & Updates
Justin Sullivan | Getty Images Protesters hold signs as they stage a demonstration inside the lobby of the Pacific Gas and Electric (PG&E) headquarters on December 11, 2018 in San Francisco, California. Creditors of PG&E, including Elliott Management and Pacific Investment Management Co. (Pimco), are proposing a $35 billion plan …
Read More »Monthly Archives: March 2019
Saudi Aramco reportedly plans to issue $10 billion bond, opening books for the first time
Christopher Pike | Bloomberg | Getty Images A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Nov. 13, 2018. Saudi Arabia’s state-controlled energy giant Aramco plans to issue a $10 billion bond as early as next …
Read More »Jury says Bayer must pay $81 million to man in Roundup cancer trial
Krisztian Bocsi | Bloomberg | Getty Images The Bayer AG logo sits behind silhouetted members of the management board during the company’s annual general meeting in Bonn, Germany, May 25, 2018. A U.S. jury on Wednesday awarded $81 million to a man who claimed his use of Bayer’s glyphosate-based weed …
Read More »Federal judge blocks Medicaid work rules in blow to Trump
Luke Sharrett | The Washington Post | Getty Images Despite suffering from a past heart attack and diabetes, Kentucky resident Mary Blair was able to receive medical coverage through Medicaid expansion under the Affordable Care Act. A federal judge is blocking Medicaid work requirements in two states, dealing a blow …
Read More »Global bond market has been spooked and big interest rate slide not likely to be over yet
The Fed left interest rates unchanged after its meeting Wednesday, but released new forecasts showing no more interest rate hikes this year, down from a prior forecast for two more. It also said it would end its program to unwind its balance sheet in September. “There’s no doubt the Fed …
Read More »Lyft ups expected IPO price to between $70 and $72 a share
Shannon Stapleton | Reuters Logan Green, co-founder and CEO of Lyft, leaves an event in New York, U.S., March 21, 2019. Lyft increased its expected IPO share price range to between $70 and $72 per share in a new filing Wednesday. The company previously expected to price its shares between …
Read More »Trump met with Google CEO Sundar Pichai on ‘political fairness,’ China
Saul Loeb | AFP | Getty Images Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018. President Donald Trump said in a tweet Wednesday he met with Google CEO Sundar Pichai about “political fairness” on the platform and the …
Read More »Joe Biden to discuss how he would roll out a 2020 run, which he could announce as late as Easter week
Saul Loeb | AFP | Getty Images Former US Vice President Joe Biden speaks during the First State Democratic Dinner in Dover, Delaware, on March 16, 2019. Joe Biden wants to declare whether he will run for president as late as Easter week, according to people familiar with the matter, …
Read More »Elon Musk sent another email to employees about Tesla’s store closures
Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Tesla Model Y crossover electric vehicle in Hawthorne, California, U.S., on Friday, March 15, 2019. Tesla CEO Elon Musk sent his second email to employees …
Read More »Bank stocks in Europe rallied after Draghi’s comments. Here’s why
Bloomberg | Bloomberg | Getty Images Mario Draghi, president of the European Central Bank (ECB), looks on during the ‘ECB and its Watchers’ conference in Frankfurt, Germany, on Wednesday, March 27, 2019. European banking stocks bounced more than 3.5 percent Wednesday after European Central Bank President Mario Draghi hinted that …
Read More »