(Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea.
(Reuters) – Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.
SHANGHAI (Reuters) – A growing number of companies trading on China’s main over-the-counter (OTC) equity market are defecting to Shanghai’s hotly-anticipated Nasdaq-style technology board, as they follow the money.
BERLIN (Reuters) – Volkswagen said on Wednesday it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve, stalling what was expected to be Germany’s biggest share offering this year.
(Reuters) – U.S. online grocery delivery company Instacart is in discussions to raise several hundred million dollars from existing and new investors, The Information reported on Tuesday, citing two people with knowledge of the situation.
TEL AVIV (Reuters) – Nanit, a U.S.-Israeli maker of baby monitor and sleep tracker devices, said on Tuesday it raised $21 million in a private funding round, bringing its total raised to date to $50 million.
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks.
SINGAPORE (Reuters) – Malaysia’s securities commission said on Thursday that it has issued a show-cause…
WASHINGTON (Reuters) – U.S. President Donald Trump’s personal lawyer arranged for a $1.6 million payment to a Playboy Playmate to keep secret her sexual relationship with Republican fundraiser and Trump ally Elliott Broidy, during which she became pregnant, a person familiar with the matter said on Friday.
DUBAI/ABU DHABI (Reuters) – Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.
SAO PAULO (Reuters) – Goldman Sachs Group is changing its management in Brazil and getting…
NEW YORK (Reuters) – TPG Capital senior executive Bill McGlashan on Thursday left the private equity firm after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.