NAHB CEO warns of growing potential for a serious US economic recession – Fox Business

NAHB CEO warns of growing potential for a serious US economic recessionFox Business Fed must take ‘draconian steps’ to tackle inflationFox Business Charles Payne: This is a sad ironyFox Business Brian Kilmeade: This would be absolutely insaneFox Business This is just going to make inflation worse: Kristin TateFox Business View Full Coverage on Google News

Do Not Pass Go, Do Not Collect 200 Bitcoin

Money and hotels in a Monopoly game. Photo: Tony French/Alamy Updated Sept. 12, 2022 1:17 pm ET Temperatures are rising in cryptocurrency circles after an ill-considered marketing promotion seems to have been launched around a bankrupt crypto lender. Cryptocurrency lender Celsius Network LLC shocked customers when it halted withdrawals this spring and then, despite reassurances, … Read more

Regal Cinemas owner ailing from pandemic

The parent company of movie theater chain Regal Cinemas filed for Chapter 11 bankruptcy protection Wednesday. Why it matters: The movie theater business has been reeling from the pandemic, which cratered attendance, and competing with streaming services for people’s time. Driving the news: Cineworld — which recently warned it was considering bankruptcy — said Wednesday … Read more

Two Chinese local banks enter bankruptcy proceedings

HONG KONG — China’s banking regulator announced on Friday that two local banks in the northeastern province of Liaoning have entered bankruptcy procedures. The cases seem relatively modest, but the careful handling by authorities highlights the latent risks carried by the country’s smaller lenders. The China Banking and Insurance Regulatory Commission (CBIRC) said it has … Read more

3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits

3M Co. stock tumbled 9.5% on Friday, pacing the Dow Jones Industrial Average’s steep decline after reports indicated that a bankruptcy judge blocked a request from 3M that would have shielded the company from litigation around earplugs that were sold to the military and later alleged to have caused issues such as hearing loss. The … Read more

3M Is Denied Bankruptcy Shield Against Mass Earplug Claims

A bankruptcy judge declined on Friday to shield 3M Co. from continued litigation involving its military earplugs, a setback for the conglomerate’s attempt to shift the mass injury claims to a friendlier forum. Judge Jeffrey Graham of the US Bankruptcy Court in Indianapolis said he would not extend to 3M the same protection against the … Read more

Julian Robertson on how to make money — and avoid going bankrupt — in the stock market

Julian Robertson, the billionaire founder of hedge fund Tiger Management, has died at age 90. Robertson was a value-style investor who mentored, and invested with, a new generation of money managers after he retired. He closed his fund just as the dot-com bubble was bursting at the beginning of 2000. Here are a dozen things … Read more

APE Stock Halted, AMC Plummets In Volatile Open For New Dividend

Updated at 12:58 pm EST AMC Entertainment’s (AMC) new preferred dividend, which carries the ticker symbol APE, were halted just minutes after their debut on the New York Stock Exchange Monday. The new shares, which AMC has called ‘preferred equity units’ that are “designed to have the same economic value and voting rights as a … Read more

Cineworld Says Considering Chapter 11 Filing in US

Cineworld Group the owner of Regal Cinemas, said it was considering a possible voluntary Chapter 11 filing in the United States as part of its restructuring objectives. “The strategic options through which Cineworld may achieve its restructuring objectives include a possible voluntary Chapter 11 filing in the United States and associated ancillary proceedings in other … Read more

Movie Theater’s Brace for a Rough Intermission

Cineworld CNWGY -45.98% doesn’t seem to have much faith in The Rock, although he probably shouldn’t take it personally. The UK-based owner of the Regal Cinemas movie-theater chain is preparing to file for chapter 11 bankruptcy protection in the US along with an insolvency filing in its home country, according to a report in The … Read more