Major US pharmacy chain Rite Aid files for bankruptcy
Major U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling …
Recessions and depressions
Risk-taker’s market? Protecting against market ugliness
It may be a risk-taker’s market. Investor and personal finance author Ric Edelman believes it’s a practical strategy to take chips off the table right now. “It comes down to …
A recession may still be in the forecast. How you can prepare
Shoppers along the Magnificent Mile shopping district in Chicago on Aug. 15, 2023. Jamie Kelter Davis | Bloomberg | Getty Images A recession has been in the forecast for much …
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
20% stock market plunge ahead, recession
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks …
Bond yields could race through 5%, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in the next couple of weeks. “I don’t think we’re near …
Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks
Srettha Thavisin, Thailand’s prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Valeria Mongelli | Bloomberg | Getty Images Months of political deadlock and …
Where financial advisors see opportunity
Shoppers at a Chicago grocery store, Aug. 9, 2023. Scott Olson | Getty Images Inflation has continued to take a bite out of Americans’ wallets in 2023. But onetime predictions …
Arm IPO to help jump-start IPO market: Airbnb investor Rick Heitzmann
Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. FirstMark Capital’s Rick Heitzmann believes real fundamental demand for IPOs is returning. “People …
Sri Lanka parliament debates the health minister’s fate over reports of lack of drugs, hospital care
Sri Lankan lawmakers are debating the fate of country’s health minister, seeking to remove him over his alleged failure to secure enough essential drugs and laboratory equipment that some say …