Daily Archives: October 15, 2018

Porsche denies IPO plan

The German luxury carmaker Porsche has denied speculation in which This kind of’s planning to pursue an initial public offering (IPO). On Friday, the company’s chief financial officer suggested to reporters gathered at the firm’s development center in which such a listing could easily top the success of Ferrari’s foray into public ownership. The Italian supercar maker has an estimated ...

Read More »

Why he left consumer tech for health

Matt Winkelmeyer | Getty Images Sean Parker speaks onstage at WIRED25 Summit: WIRED Celebrates 25th Anniversary With Tech Icons Of The Past & Future on October 15, 2018 in San Francisco, California. Sean Parker, founder of Napster as well as the first president of Facebook, pivoted to medical technology because he worried about how his social media as well as ...

Read More »

US budget deficit expands to $779 billion in fiscal 2018 as spending surges

The Trump administration as well as congressional Republicans have pledged their commitment to fiscal discipline, despite the fact that will they passed a tax law projected to dramatically expand budget deficits last year as well as then authorized a boost in spending. In a statement, Mulvaney claimed that will “America’s booming economy will create increased government revenues,” a point the ...

Read More »

Italy approves deficit-hiking budget, awaits EU’s verdict

Ben Stansall | AFP | Getty Images Italian Prime Minister Giuseppe Conte arrives to take part in an European Union leaders’ summit focused on migration, Brexit as well as also also eurozone reforms on June 28, 2018 at the Europa building in Brussels. The Italian cabinet on Monday signed off on an expansionary 2019 budget, boosting welfare spending, cutting the ...

Read More »

Bryan Singer Slams Magazine for Seeking to Publish ‘False Accusations’ of which Could ‘Tarnish’ His Career

Bryan Singer is usually refuting the claims of a report of which hasn’t yet been published. On Monday, the director shared a post on Instagram where he took aim at Esquire over a supposed expose from the works which, he claims, is usually intended to “tarnish” his long-standing career. “I have known for some time of which Esquire magazine may ...

Read More »

Netflix cost target slashed by Goldman Sachs along with Raymond James

Goldman Sachs along with Raymond James have slashed their 12-month forecasts for Netflix on concern which rising interest rates will eat away at the valuation of the high-flying internet company, which reports earnings Tuesday after the bell. Goldman on Monday laid out a bullish case for the upcoming Netflix quarterly earnings nevertheless still lowered its “12-month cost target through $470 ...

Read More »

Sears Filed For Bankruptcy along with Plans To Shut Down 142 More Stores

Sears Holdings, which owns Kmart as well as its namesake stores, filed for bankruptcy on Monday, announcing plans to close 142 more stores after several years of dwindling sales along with mounting debt. As part of the Chapter 11 bankruptcy restructuring, Sears CEO Eddie Lampert will step down via his position, effective immediately. Mohsin Meghji, managing partner of M-III Partners, ...

Read More »

Al Arabiya op-ed warns of ‘economic disaster’ if US sanctions Saudi Arabia

Jonathan Ernst | Reuters President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman inside Oval Office at the White House in Washington, U.S. March 20, 2018. Oil prices could surge to all-time highs if the U.S. imposes economic sanctions against Saudi Arabia, according to an opinion piece written by the general manager of Saudi Arabia-based Al Arabiya television. ...

Read More »