The Consunji family is investing $177 million into DMCI Holdings to fund the purchase of Cemex's Philippine cement business, with the deal expected to boost DMCI's portfolio.
Archives
New Peloton Subscribers With Used Hardware Face $95 Activation Fee
Peloton will charge a $95 activation fee for new subscribers who buy used equipment, aiming to cover setup costs and boost revenue, as the company sees a 16% increase in new customers from the secondary market.
Starbucks New CEO Faces Criticism Over Private Jet Commute to Work and $1.6M Base Pay
Brian Niccol, Starbucks' new CEO, faces criticism for his planned 1,000-mile commute from California to Seattle via corporate jet and his $1.6 million base pay with up to $7 million bonus.
European Shares Gain While Dollar Weaken as Fed Signals Rate Cuts Ahead
European and US share prices rose on August 22 following Federal Reserve signals of potential interest rate cuts, while the dollar remained weak and oil prices stabilized after a recent decline.
Red Sea Oil Tanker Attack to Possibly Increase Insurance Costs and Cause Trade Disputes
A Greek oil tanker, the Sounion, was set on fire and left drifting in the Red Sea after an attack by gunfire from small boats off Yemen, raising environmental and insurance concerns.
Latest News
The Hidden Costs of Trading Platform Outages: How Fred Trading Helps Clients Navigate Broker Outages
If you enjoy investing online, you may have been frustrated with the recent outages of some major brokers. It takes hard work and dedication to be a successful trader, even if you just enjoy it as a hobby. And few things are as frustrating as planning a trade and then having it canceled—or just not being able to execute it at all—because a broker has an issue. Fred Frost, a Dubai-based trader and founder of Fred Trading, a free training program for aspiring traders, shares your frustration. He offers a unique perspective when it comes to risk management.
Kamala Harris has proposed raising the corporate tax rate from 21% to 28% to reduce the national debt and support working families if she wins the November election.
California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.
A luxury yacht named "Bayesian" sank off Sicily in a storm, leading to a major search for missing individuals, including Morgan Stanley's Jonathan Bloomer and tech entrepreneur Mike Lynch, with one confirmed dead and 15 rescued.
Canada's Alimentation Couche-Tard has made a $37.5 billion bid to acquire 7-Eleven, valuing 7-Eleven at twice its previous Tokyo listing.
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
Congresswoman Nancy Pelosi has criticized California's SB 1047 AI regulation bill as "ill-informed," arguing it could harm rather than help. State Senator Scott Wiener defends it as necessary for ensuring safety in large AI models.
Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.
