Sears Depletes $200 Million Loan in Latest Sign of Cash Burn
Sears Depletes $200 Million Loan in Latest Sign of Cash Burn Sears Holdings Corp. drew down the remaining $60 million on a $200 million loan, signaling that the struggling department-store chain is quickly running through cash. The retailer set up a revised loan on Oct. 4 and borrowed an initial $100 million, according to a […]
Gold notches a gain for a second day as strong dollar pauses its climb
Gold notched a second session gain in a row Monday as the highflying dollar cooled and the yellow metal came off its sixth weekly decline in the past seven. December gold GCZ7, -0.10% tacked on $5.90, or 0.5%, to settle at $1,277.70 an ounce. Gold’s finish at $1,269.60 last Thursday was the lowest since Aug. 8, according to […]
IPO News This Week: 9 Firms Seeking Total of $2 Billion in Capital
There were eight initial public offerings (IPOs) on the calendar last week and six succeeded in gaining access to the public markets. The total amount raised over $2 billion and the average first-day pop was around 13.7%. Nine IPO’s are on the coming week’s calendar and they are looking to raise a combined total of […]
How you’ll know when it’s time to buy gold
Gold market-timers are not bearish enough — yet There is not enough skepticism among gold timers to support a big rally in gold and gold mining shares. But we may be getting close. It was nearly four months ago when I last devoted a column to a contrarian analysis of gold market sentiment. I argued […]
Investors are running out of cash — and that’s terrible news for the stock market
A growing number of firms are sounding the alarm on investor cash levels that have dropped near the lowest levels in history. Low cash levels are a threat to the ongoing equity bull rally, because it signals that investors are running out of money they can use to keep the market going higher. The stock market has […]
Bitcoin Pioneer Launches New Cryptocurrency
There’s a new coin on the block. Come December, startup Bloq’s new cryptocurrency, Metronome (MTN), will compete for trader and investor attention among more than 1,000 other, similar tokens. However, Metronome promises to be different in that it is a cross-chain cryptocurrency. This means it can be converted to other cryptocurrencies without incurring transaction fees […]
GM settles California county recall case for $13.9 million
WASHINGTON (Reuters) – General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches tied to nearly 400 deaths and injuries, the company said on Sunday. An Orange County superior court judge late Friday approved […]
Should I use my $25,000 bonus to pay a $15,000 credit-card debt — or invest in blue chips?
Dear Moneyoloigst, I am 27 years old and a real estate agent in New York City. Lately, I have found myself really thinking about what to do with a sum of money that’s coming in to me from a couple of real estate closings next month. For the past 2 years I have ramped up […]
Inside Warren Buffett’s master class on bitcoin, self-driving vehicles — and life
What it’s like for a student to meet the Oracle of Omaha Several times a year, Warren Buffett invites business students to Omaha, Neb., to listen to the Oracle himself. In mid-October I attended this event along with students from 10 universities and business schools. We met Buffett at the Hilton hotel in downtown Omaha, […]
Here’s the Shortlist of Contenders for Samsung’s CEO Post
Here’s the Shortlist of Contenders for Samsung’s CEO Post With record earnings and a share price hovering near all-time highs, Samsung Electronics Co. still has something big on its to-do list: find a new boss. Earlier this month, Kwon Oh-hyun announced plans to step down as chief executive officer and co-vice chairman, leaving the world’s biggest maker […]