News

HP Gives Lackluster Profit Outlook on Slow PC Market Recovery

(Bloomberg) -- HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer market’s recovery from a yearslong slump.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasEarnings, excluding some items, will be 70 cents to 76 cents a share in the fiscal first quarter, the company said

Private Equity-Backed US IPOs Set to Surge in Market Revival

(Bloomberg) -- Private equity-backed initial public offerings on US exchanges are poised for a comeback.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeLast year, companies backed by buyout firms saw just $8.7

Crypto mogul Justin Sun invests US$30 million in Trump tokens after banana artwork deal

Chinese cryptocurrency personality Justin Sun, founder of the blockchain Tron, said he invested US$30 million in US president-elect Donald Trump's cryptocurrency project, as the controversial entrepreneur returns to making high-profile moves amid bitcoin's historic climb. Sun earlier this week bought US$30 million worth of WLFI, the crypto token of Trump's World Liberty Financial project, becoming the token's largest holder, according to data on blockchain analytics platforms. "The US is becomin

Deutsche Bank Sees Bank Stock Rally Adding to Repo Market Strain

(Bloomberg) -- A rally in bank stocks since the end of September could force the largest US institutions to further pull back activity in the market for repurchase agreements or foreign exchange derivatives, according to Deutsche Bank.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Gre