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Centene’s cuts pleased investors, but may be ‘disastrous’ for St. Louis’ office market | Local Business

Steph Kukuljan , Annika Merrilee CLAYTON — For decades, managed health care company Centene Corp. focused on scale. Now one of the biggest in its industry, Centene is recalibrating itself for greater efficiency. The shift in strategy brought its headquarters plans on North Carolina’s east coast to an abrupt end this week, stunning local executives …

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Adam Neumann’s latest big idea? To become America’s biggest landlord | WeWork

Adam Neumann presided over one of the most dramatic corporate collapses in recent history. A barefoot, New Age business messiah, he managed to build and burn his latest startup, the office-sharing company We workin such a spectacular way that even Hollywood took notice. And now he’s back – on a quest to become America’s biggest …

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Bugatti hopes its last gas-only car will also be the world’s fastest convertible

It is also Bugatti’s last gasoline-powered car. Future models will be hybrid. Only 99 Mistrals will be made and all have already been sold before the car is even unveiled to the public on Friday in Carmel, California, according to Bugatti. “There can be only one goal in mind: to once again become the fastest …

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Buffett’s Berkshire Hathaway wins approval to buy up to half of Occidental

Berkshire Hathaway won approval from a US energy regulator on Friday to buy up to 50% of Occidental Petroleum, giving Warren Buffett’s company the chance to significantly increase its stake in one of the producers the most famous in the American oil industry. The Federal Energy Regulatory Commission said Berkshire’s proposal to increase its stake …

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Dow Jones Futures: What To Do As Market Rally Pulls Back; Warren Buffett Blasts Out Of Base

Les contrats à terme sur Dow Jones ouvriront dimanche soir, ainsi que les contrats à terme sur le S&P 500 et le Nasdaq, avec le chef de la Fed, Jerome Powell, qui se profile à la fin de la semaine prochaine. Le rallye boursier s’est replié la semaine dernière après une résistance clé tandis que …

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Cineworld Group: The world’s second biggest movie theater chain is in trouble

British company Cineworld Group has spoken to lawyers from Kirkland & Ellis LLP to advise them on the bankruptcy process in the US and UK, according to a report by the Wall Street Journal. The stock has rallied slightly, but remains 60% below its price at the start of Friday’s session. Earlier this week, Cineworld …

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Meme stocks in reverse as Bed Bath & Beyond slump spooks investors

Aug 19 (Reuters) – Retail favorites GameStop and AMC Entertainment fell on Friday, reversing much of their recent gains after billionaire Ryan Cohen abruptly dumped his stake in struggling retailer Bed Bath & Beyond a few days after taking a bullish option position. Bed Bath & Beyond Inc Shares (BBBY.O) extended their plunge, dropping 42% …

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Bugatti reveals its last gas-only car it hopes will be the world’s fastest convertible

It is also Bugatti’s last gasoline-powered car. Future models will be hybrid. Only 99 Mistrals will be made and all have already been sold before the car is even unveiled to the public on Friday in Carmel, California, according to Bugatti. “There can be only one goal in mind: to once again become the fastest …

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Dow drops 300 points as options expiration unleashes volatility in stocks

U.S. stocks traded lower on Friday as more than $2 trillion in stock-linked options expired, as investors digested more hawkish comments from the Federal Reserve. How are stock index futures traded? The Dow Jones Industrial Average DJIA, -0.78% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.20% fell 57 points, or 1.4%, …

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Why Is Bitcoin Down? The Selloff Hit Crypto Stocks Coinbase and Marathon, Too.

Text size Bitcoin fell below $22,000 on Friday. The time of dreams Bitcoin fell below $22,000 on Friday, after global equities fell amid uncertainty over the Federal Reserve’s aggressiveness in its efforts to quell inflation with interest rate hikes. Bitcoin, the world’s largest cryptocurrency, was down 8.4% to $21,498 in the past 24 hours, according …

Why Is Bitcoin Down? The Selloff Hit Crypto Stocks Coinbase and Marathon, Too. Read More »