Wall Street was reminded Wednesday that political brinkmanship in Washington remains a market risk after President Trump threatened to shut down the government. The threat prompted a ratings agency to say the nation's top-rated credit could come under review if lawmakers failed to raise the amount of money the country can borrow to pay its bills. The twin threats weighed on markets Wednesday. ...
HBSDealer Staff It was another disappointing quarter for Lowe's Cos., which on Wednesday reported lower-than-expected adjusted earnings and revenue and gave notice of slower growth in profit margin for the second half.
"How much money does it take to get a startup off the ground?" Entrepreneurs and venture capitalists are faced with this question all the time, and the only right answer — it depends — is also the least satisfying. For any particular startup to succeed, it might take a lot of outside funding or very little. It's contingent on the business a team is trying to build.
India's largest power transmission company Sterlite Power Grid Ventures Ltd will invest around $1 billion per year in the next few years to build power lines in Brazil, a source with direct knowledge of the plan told Reuters on Wednesday.