The Wall Street Journal: Blackstone offers $6 billion to buy Australian casino operator Crown Resorts

SYDNEY — Blackstone Group Inc. made a takeover offer for Australian casino operator Crown Resorts Ltd. valued at $ 6 billion, as regulators investigate Crown’s business practices and threaten to rescind its casinos licenses. The U.S. investment firm has offered 11.85 Australian dollars, or the equivalent of $ 9.15, a share for Crown, a 20% premium to its closing share price […]

Continue Reading

The Wall Street Journal: New head of Turkey’s central bank tries to reassure markets after shakeup

Turkey’s newly appointed central bank governor sought to reassure markets on Sunday as investors braced for turmoil following the abrupt firing of his predecessor by President Recep Tayyip Erdogan. Sahap Kavcioglu, a former member of parliament from Erdogan’s Justice and Development Party who was named to the post late Friday, said the bank’s main objective is to […]

Continue Reading

Dispatches from a Pandemic: ‘$1.9 trillion seems fake, but $7,000 seems life-changing’: 3 Americans tell MarketWatch how they’ll spend their stimulus checks

Lou McCall is ready for the sound of one ‘ding’ to change his life. Up to this point, past-due utility bills, an averted electricity shut-off notice, looming child-care costs and troubling car sounds have been part of the background noise for the married math teacher with three young kids. The ding, McCall, 32, hopes, will […]

Continue Reading

Dispatches from a Pandemic: ‘This hellfire of a year’: COVID-19 long haulers face financial and medical uncertainty in Pandemic Year 2

Heather-Elizabeth Brown, a corporate trainer and volunteer police chaplain who lives outside of Detroit, Mich., never expected to be drafting her will at 35. But there she was in a hospital room last April, writing on a napkin: Her prized book collection should go to her best friend Niqui. Her makeup and hair supplies should […]

Continue Reading

Capitol Report: ‘Hate can have no safe harbor in America,’ Biden says as he meets Asian-Americans in Atlanta after shootings

President Joe Biden and Vice President Kamala Harris expressed outrage and sympathy on Friday as they visited Atlanta to meet with Asian-American leaders in the wake of shootings that left eight people dead, including six women of Asian descent. “Hate can have no safe harbor in America,” Biden said in a speech at Emory University. […]

Continue Reading

Dispatches from a Pandemic: ‘My pulse rate had shot up to 120 as I gasped my way into the ER’: Italy resumes AstraZeneca vaccine and tightens lockdown

COMO, Italy — The death rate is on the rise. In the last 24 hours in Italy, there have been 25,735 new cases of COVID-19, with the rate of infection stable at 7%, as half of Italy’s regions are once again in strict lockdown as designated red zones, one year after the entire country was […]

Continue Reading

Capitol Report: Ex-Trump lawyer Cohen says he learned about startups in prison as he pleads for early release

Michael Cohen, former President Donald Trump’s ex-personal lawyer, said in a newly unsealed court document that he learned about startups in prison, as he pleaded to be released early from home confinement. Cohen — who was convicted in 2018 on charges including campaign-finance violations related to a hush-money scheme involving women who alleged affairs with […]

Continue Reading

Personal Finance Daily: New CDC guidelines could mean more kids in classrooms and COVID-19 long haulers face financial uncertainty

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance There’s hope for people who missed a valuable tax break on unemployment benefits Though jobless benefits count as taxable income, one part of the sprawling law says the first $ 10,200 of those benefits are exempt from federal income taxes for households making under $ […]

Continue Reading

Need to Know: The bond market is ‘useless’ predicting inflation, and stocks look even more expensive than they appear, strategist says

The question still reverberating in financial markets is to what degree the $ 1.9 trillion coronavirus relief will be spent, either immediately or if the virus recedes enough for shoppers to be allowed, and wanting, to go out. This column previously pointed to surveys of both how the initial $ 600 stimulus was used, and […]

Continue Reading