Chewy is challenging strong criticism with its disparate dual-class structure.
Chipmaker Skyworks Solutions is the latest victim of the Trump administration's blacklisting of Chinese telecommunications giant Huawei, announcing lower guidance due to an expected drop in sales.
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Potential buyers are prepping bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US and Sprint at up to $3 billion, Reuters reports.
Together, the two companies could sell 8.7 million vehicles annually -- surpassing the output of General Motors, which through 2018 sold 8.4 million vehicles globally.
Some traders have speculated that China might liquidate its $1.1 trillion of U.S. Treasury bonds as a way of striking back against President Donald Trump's tariffs on imports from the country. But such a scenario might hide the real urgency: The Chinese government might need the cash, according to the wealth manager deVere Group.
Goldman Sachs doesn't make many acquisitions, but when it does buy a company, the founders often end up working at the Wall Street firm, as appears to be the case for Joe Duran, founder of United Capital.
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