Finance

Analysis: Baptism by fire awaits today’s rate-hike rookies

Today’s central bankers have the unenviable task of weaning a pandemic-hit global economy off cheap money amid unprecedented sovereign debt levels and with asset prices inflated by years of stimulus and near-zero interest rates.

Kohl’s under fresh pressure as Sycamore expresses interest after Acacia made bid

U.S. department store Kohl’s Corp (KSS.N) may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days after a consortium backed by activist investment firm Starboard Value proposed buying the company, three sources familiar with the matter said on Sunday.

Philips expects summer recovery from supply chain woes

Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.

Activist investor Blackwells Capital pushes Peloton to fire CEO

Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.

Analysis: Baptism by fire awaits today’s rate-hike rookies

Today’s central bankers have the unenviable task of weaning a pandemic-hit global economy off cheap money amid unprecedented sovereign debt levels and with asset prices inflated by years of stimulus and near-zero interest rates.

Kohl’s under fresh pressure as Sycamore expresses interest after Acacia made bid

U.S. department store Kohl’s Corp (KSS.N) may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days after a consortium backed by activist investment firm Starboard Value proposed buying the company, three sources familiar with the matter said on Sunday.

Philips expects summer recovery from supply chain woes

Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.

Activist investor Blackwells Capital pushes Peloton to fire CEO

Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.

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