Author: Contributor

(Bloomberg) — A crisis is brewing at Country Garden Holdings, formerly the largest Chinese developer, after units halted trading on domestic bonds and stocks plunged in the wake of a Morgan Stanley downgrade. Most Read from Bloomberg The developer, whose problems threaten worse repercussions than struggling peer China Evergrande Group given it has four times…

New York (AFP) – U.S. Steel said Sunday it had rejected a $7.3 billion takeover bid from rival Cleveland-Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based US Steel said it declined the offer because Cleveland Cliff was pushing it to accept the terms without allowing it to conduct proper due diligence….

(Bloomberg) — Stock indices fell broadly across Asia in early trade after Wall Street capped a weak week on a decline, and as slumping real estate prices in China continued to dampen market sentiment. Most Read from Bloomberg Stocks rose as trading resumed in Japan after a holiday. South Korean and Australian stocks fell to…

(Bloomberg) — Economists at Goldman Sachs expect the Federal Reserve to start cutting interest rates by the end of next June, with a gradual quarterly pace of cuts starting from that point. Most Read from Bloomberg “The cuts in our forecasts are driven by this desire to normalize the money rate from a constrained level…

Dow Jones futures rose slightly Sunday night, along with futures for the S&P 500 and Nasdaq futures. X The stock market rally had a mixed week, but action was negative overall, with renewed Treasury yields and mixed earnings weighing on growth. The Nasdaq fell through the 50-day and 10-week moving averages last week. Tesla (TSLA)…

(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives after receiving “multiple unsolicited” proposals, a sign that the years-long transition may finally be bearing fruit. Most Read from Bloomberg Chief Executive Officer David Porritt said Sunday in a statement that the proposals ranged from acquiring certain production assets to…

Commercial mortgages are a segment of the debt market that is under severe pressure from rising rates and tightening financial conditions.Afton Almaraz / Getty A storm of public and private debt problems is heading into the market. Warning signs showed up in increasing credit card balances, late payments, and other indicators. Here are the signs…

(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives as it rejected an offer to sell itself to rival Cleveland-Cliffs Inc. Most Read from Bloomberg Ohio-based Cliffs said Sunday it offered to pay $17.50 in cash and 1,023 of its own shares for each US Steel share. That means…

Roland Bolduc (left) and John Somers II’s Ina Daly for transportation themes (Stay tuned for transfer news: Get TTNews in your inbox.) They make an interesting pair of friendly competitors. He is the charismatic reigning national champion. She is responsible for mental tasks. His domain takes center stage — “the big table,” as he calls…