BJ’s IPO could value company at over $2B

BJ’s IPO could value company at over $2B

BJ’s Wholesale Club filed its terms for its initial public offering (IPO) on Monday with the Securities Exchange Commission – and will offer 37.5 million shares in the range of $15 to $17 per share, giving the company a market capitalization of up to $2.15 billion. Continue Reading Below At the top end of the price range, BJ’s would raise $637.5 million. BJ’s was taken private in 2011 for $2.8 billion, but filed with regulators…

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Apple’s iPhone will speed up 911 location info for first responders

Apple’s iPhone will speed up 911 location info for first responders

Apple wants to make your iPhone more secure Fox Business Outlook: Apple is beta-testing a new feature called ‘USB restricted mode’ designed to improve the security of their devices against all kinds of potential intruders. Later this year, Apple iPhone users who call 911 will be able to automatically share their location with first responders – an advancement that should reduce response times. Continue Reading Below Currently, about 80% of 911 calls come from mobile…

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Munich prosecutors say Audi CEO arrested on risk he may suppress evidence

Munich prosecutors say Audi CEO arrested on risk he may suppress evidence

article (REUTERS/Michael Dalder/File Photo) Audi Chief Executive Rupert Sadler has been arrested according to a spokesman for Audi’s parent company, Volkswagen. Continue Reading Below According to Munich prosecutors, Stadler was arrested on Monday because investigators saw the risk that he might seek to suppress evidence in connection with a diesel emissions probe. “The suspect has been seen by a judge, who has ordered him to be remanded in custody,” the prosecutors’ office said in a…

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Stock futures fall as trade worries continue

Stock futures fall as trade worries continue

U.S. stock futures fell to start the week after the U.S. made good on plans to impose tariffs on $50 billion dollars in Chinese goods. Continue Reading Below As expected, China retaliated with a matching amount of tariffs on U.S. goods. Dow Jones futures were down by 0.47%. The S&P 500 fell 0.43% and the Nasdaq Composite was off 0.57%. Japan’s Nikkei sank 0.9% as worries over growing protectionism overshadowed stronger-than-expected export data. Financial markets…

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Trade, oil and housing data headline the week ahead

Trade, oil and housing data headline the week ahead

The Trump administration made good on threats to impose tariffs on Chinese goods on Friday, imposing the duties on $50 billion in goods. Continue Reading Below China retaliated by matching the U.S. with its own tariffs on $50 billion of U.S. goods. We’ll see if the each country tries to outdo each other as the week gets underway. Monday will feature Fed speeches from retiring Federal Reserve Bank of New York President William Dudley as…

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Google to invest $550 million in China’s JD.com

Google to invest $550 million in China’s JD.com

article FILE PHOTO: The Google logo is pictured atop an office building in Irvine, California, U.S., August 7, 2017. REUTERS/Mike Blake/File Photo – RC130AA999F0 Google is investing $550 million dollars in Chinese e-commerce company JD.com. Continue Reading Below It’s a move to expand into Asia and battle Amazon.com. The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. Company officials…

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U.S. oil slumps as China threatens duty on U.S. crude imports

U.S. oil slumps as China threatens duty on U.S. crude imports

article U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $63.84 a barrel, down $1.22, or 1.9 percent, from their last settlement. In an escalating spat over the American trade deficit with most of its major trading partners, including China, U.S. President Donald Trump last week pushed ahead with hefty tariffs…

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What the stock market’s most crucial week of the year tells us about the road ahead

What the stock market’s most crucial week of the year tells us about the road ahead

Stock-market investors navigated, virtually unscathed, a gauntlet of central-bank gatherings, a historic summit between President Donald Trump and North Korean Kim Jong Un, and flaring trade tensions.  The S&P 500 indexended the week essentially flat, managing the narrowest of weekly gains, up 0.02% to 2,779.66, while the Dow Jones Industrial Averageposted a weekly decline of 0.9%. The Nasdaq Composite Index outperformed both, rising 1.3% for the five-day period.  Not too shabby, considering that the Federal…

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John Williams assumes influential role at most powerful regional Fed bank

John Williams assumes influential role at most powerful regional Fed bank

John Williams will assume his new role as head of the New York Fed on Monday, after being appointed to the powerful post in early April. Continue Reading Below As he takes over the second most influential position within the U.S. central banking system, Williams will be awarded a permanent seat – and vote – on the Federal Open Market Committee (FOMC). He has served as president at the San Francisco branch since 2011, where…

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Import now to beat tariffs on goods from China? It will cost

Import now to beat tariffs on goods from China? It will cost

New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting in three weeks. Continue Reading Below It can take several weeks for ship-borne cargo from China to reach the United States — too late to beat the July 6 deadline. That could lead to more demand in the short run for air-freight services. “The only question is how much do…

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