Bloomberg Makes Debate Stage, Facing Democratic Rivals For 1st Time

Billionaire Mike Bloomberg has qualified for the upcoming Democratic presidential debate, marking the first time he’ll stand alongside the rivals he has so far avoided by bypassing the early voting states and using his personal fortune to define himself through television ads. A new NPR/PBS NewsHour/Marist poll published Tuesday shows Sen. Bernie Sanders with a double-digit lead in the Democratic […]

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IKEA to offer home insurance with Swiss financial group

US retail sales rise 0.3% in January FOX Business’ Kristina Partsinevelos discusses the latest numbers coming out of the retail industry and what these statistics say about the U.S. economy. ZURICH (Reuters) – Swiss Re's digital platform and Swedish home furnishings group IKEA have joined forces to offer home insurance policies via IKEA's website, the Swiss financial group said on Tuesday. Continue Reading Below […]

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Franklin Resources To Buy Legg Mason For $50/Shr In All-cash Deal – Quick Facts

Franklin Resources, Inc. (BEN), a global investment management organization operating as Franklin Templeton, agreed Tuesday to acquire Legg Mason, Inc. (LM) for $50.00 per share of common stock in an all-cash transaction of $4.5 billion. Franklin Templeton will also assume approximately $2 billion of Legg Mason’s outstanding debt. The company will fund the cash consideration from its existing balance sheet […]

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Why we need more economic stimulus, rather than a balanced budget

Late last year it appeared the Australian economy was sailing into 2020 with an air of confidence. The Reserve Bank of Australia was adding stimulus, and better news on US-China trade tensions, some certainty surrounding Brexit and the global economy showing tentative signs of further recovery helped push equity markets to record highs. Chinese tourists inject four times as much […]

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How long does a recession last?

Economy starting off on right foot in 2020: Kudlow National Economic Council Director Larry Kudlow argues that the U.S. economy is in very strong territory after the January jobs numbers. It’s been more than a decade since the U.S. economy experienced a recession, making the 11-year expansion officially the longest on record. Continue Reading Below The labor market is booming […]

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AGR woes: What if Vodafone Idea is forced to shut down

The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn. A possible default by Vodafone Idea (Voda-Idea) in paying its adjusted gross revenue (AGR) dues and the company shutting down operations will have serious repercussion on the telecom and banking sectors in particular and the economy in general with […]

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Euro Slides As German Investor Morale Deteriorates On Coronavirus Fears

The euro fell sharply against its major counterparts in the European session on Tuesday, as German investor sentiment worsened in February to the weakest since November last year, citing worries about the coronavirus outbreak in China. Survey results from the ZEW – Leibniz Centre for European Economic Research showed that the investor confidence indicator slumped to 8.7 from 26.7 in […]

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