Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

PISGAH, Md.—A major player in the credit markets has made one of the biggest U.S. timber purchases in years, making Wall Street’s biggest bet yet on forest carbon markets. The properties spread across 17 eastern states and will be overseen by a unit of environmental marketing firm Anew Climate LLC. Oak Hill joined Anew’s subsidiary … Read more

Halliburton stock gains as earnings top estimates

Halliburton stock gains as earnings top estimates

Halliburton more than doubled its profit in the third quarter from a year ago, driven by strong demand for oilfield services as energy prices rose. Top oil field service providers like Halliburton (ticker: HAL) and Schlumberger (SLB) — recently dubbed SLB — has been busy as international sanctions in response to Russia’s attack on the … Read more

Analysis: Poor nations face danger from elusive G-20 debt relief

Analysis: Poor nations face danger from elusive G-20 debt relief

LONDON/WASHINGTON, Oct 23 (Reuters) – A failure to secure meaningful progress on debt relief for the world’s poorest nations at the International Monetary Fund and World Bank’s annual meeting in Washington has left policymakers, campaigners and investors frustrated. Two years ago, the Group of 20 launched the Common Framework – a mechanism designed to provide … Read more

This powerful BlackRock team has the ear of governments and mega-banks

This powerful BlackRock team has the ear of governments and mega-banks

Black stone Inc. BLK -1.21% CEO Larry Fink spoke last month with Ukrainian President Volodymyr Zelensky and extended an offer to help. By video conference, Mr. Mr. Fink Zelensky that BlackRock was ready to help Ukraine create a reconstruction fund, according to Mr. Zelensky’s office. Rebuilding a war-torn country would be the goal – along … Read more

Philip Morris has a plan B for America, but it is not ideal

Philip Morris has a plan B for America, but it is not ideal

Cigarette giant Philip Morris International Inc. PM -0.40% have a backup if the plans to buy Swedish Match fail. Expanding into the U.S. alone, however, would still be a shambles that could play into the hands of activist investor Elliott Management Corp. PMI, which sells the Marlboro brand internationally, raised its bid for nicotine pouch … Read more

Philip Morris raises bid for Swedish Match and buys US rights to IQOS

Philip Morris raises bid for Swedish Match and buys US rights to IQOS

Marlboro maker Philip Morris has been under pressure from Elliott Management and other investors to sweeten its bid for Swedish Match. Photo: Steve Helber/Associated Press Philip Morris International Inc. PM 0.19% plans to raise its bid for Swedish Match SWMA -0.18% AB and has agreed to pay $2.7 billion to regain the US rights to … Read more

Stock futures rise ahead of earnings

Stock futures rise ahead of earnings

US stock futures rose ahead of earnings reports from major companies and data on the housing market. Futures tied to the S&P 500 rose 0.4%, indicating the broad market index extended its recent rally into a third day. It closed on Tuesday with 1.1 per cent. Nasdaq-100 futures added 0.7%, suggesting gains for technology stocks … Read more

Stock futures rise ahead of bank earnings

Stock futures rise ahead of bank earnings

Stock futures jumped, pointing to another day of big moves on Wall Street as investors try to make sense of an unclear economic outlook and gear up for another batch of earnings. S&P 500 futures rose 1% on Monday, technology-focused Nasdaq-100 futures rose 1.2% and Dow Jones Industrial Average futures rose 0.8%. The S&P 500 … Read more

Thursday was ‘one of the craziest days of my career’ in markets, says Rick Rieder

Thursday was ‘one of the craziest days of my career’ in markets, says Rick Rieder

Investors have witnessed some “pretty crazy” times in financial markets over the past few weeks, with Thursday’s wild swings ranking among the “craziest days of my career,” said Rick Rieder, chief investment officer for global fixed income at BlackRock Inc. BLK. +6.58%, during an interview with MarketWatch’s Christine Idzelis Thursday to celebrate the website’s 25th … Read more