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Theranos Reaches Settlement With Arizona; Will Not Operate Blood Lab For Two Years
Theranos Inc. has reached a settlement with the Arizona State Attorney General, agreeing to pay $4.65 million into a reimbursement fund that will be used to give a full refund to more than 175,000 residents who received a blood test, the Wall Street Journal reports. This is the second legal settlement the troubled blood-testing company has reached in the past
Weighing the Week Ahead: How Should Investors Cope With Geopolitical Risk?
Last week I suggested that the market might be ready for some real news—corporate earnings. That is still a key topic, but attention is focused on world events. Pundits will be asking: How Should Investors Respond to Geopolitical Risks? Last Week Last week the economic news was good, but mostly ignored. Theme Recap In my last WTWA I predicted that
Report: Hotel Industry Takes Aim at Airbnb Threat; Airbnb Calls Hotel Industry a 'Cartel'
Capital Markets
The U.S. hotel industry is aggressively taking aim at the threat that Airbnb poses to its bottom line, taking credit for two recent regulatory roadblocks placed in front of the home-sharing startup, according to documents obtained by the New York Times. The American Hotel and Lodging Association, which is an industry trade organization that includes Hilton Worldwide, Hyatt Hotels and Marriott
Deutsche Bank Notes Asian Economy Strong Based on Exports
Capital Markets
The outlook from Asia is strong, Deutsche Bank’s economists note, as they wonder in a monthly regional report is this “As good as it gets?” The Asian economy, while displaying signs of strength, is also the subject of flashes, the report notes. It is exports that drive the Asian economy Asian exports have rebounded sharply in the first quarter of
Tread Cautiously Heading Into Market-Darling Amazon's Q1
Capital Markets
Ross Sandler of Barclays initiated coverage of Amazon.com, Inc. (NASDAQ: AMZN) in late March and suggested the stock will be worth $1 trillion one day. Despite the lofty long-term valuation, the analyst believes investors should be "treading cautiously" heading into the company's first-quarter earnings report. In a research report on Thursday, Sandler stated that his checks are pointing to a
China Makes Big Move in Debt-To-Equity SWAPs
Capital Markets
Debt-to-equity SWAPs in debt-ridden China are flourishing to unprecedented levels, a Natixis report shows, one of several reports on the topic. While the system for exchanging debt for equity is running at “full speed,” there remain issues, namely “it is not perfect,” the report opined, but it could be just shifting the risks. Dramatic growth in Chinese debt-to-equity SWAPs There
Endless Bummer: Trump's Base Not Happy With His Pro-Immigration Economic Adviser
Capital Markets
There's been a lot of buzzing around the media lately about how President Trump's chief strategist Steve Bannon and his nationalistic, "America First" agenda has fallen so out of favor in the White House that he might be on the verge of being forced out. But while Trump might now be embracing the globalist politics of his increasingly influential son-in-law Jared Kushner,
Terse Relations Are Impacting Chinese Corporate M&A Activity in the US
Capital Markets
Chinese President Xi Jinping’s visit with American counterpart Donald Trump at his Mar-a-Lago resort in Florida ended a turbulent week, with trade slated for the top of their agenda. Trump has made his feelings about trade policy known, if not clear, through stump speeches on the campaign trail and during his time in the Oval Office, frequently deploying Twitter to
Activist Investor Puts Pressure on Struggling Whole Foods to Make Big Changes
Capital Markets
Activist investor Jana Partners LLC, which owns an 8.8% stake in Whole Foods, is demanding that the struggling high-end grocery chain make significant changes - including shaking up its board - in order to jump-start a turnaround in its growth, the Wall Street Journal reports. A Barclay's analyst recently noted that Whole Foods is losing a "staggering" amount of traffic -
United Investors Aren't Pleased; Stock Falls as China Fumes Over Booted Passenger
Capital Markets
The man who wouldn’t leave the plane just won’t go away. Shares of United Continental Holdings Inc (NYSE: UAL) were down more than 4 percent in early trading on Tuesday as outrage spread over the violent removal of a man identified as David Dao, a doctor, from a United jet preparing to depart Chicago’s O’Hare International Airport Sunday. Video of