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Whats Else is Brewing...

  • Levi Strauss can feel pretty good about its first earnings report since returning to the public markets. Its quarterly revenue increased 7%, and its stock is up about 29% from its IPO price.
  • Standard Chartered will pay U.S. and British authorities more than $1 billion to settle a probe over allegedly violating Iran sanctions.
  • Wynn Resorts (-3.86%) withdrew its $7.1 billion offer to buy Australia’s Crown Resorts after that offer was leaked. This isn’t necessarily the end of the road for the deal, though.
  • Aramco issued $12 billion of bonds in what Bloomberg calls "one of the most oversubscribed debt offerings in history."
  • YouTube is developing choose-your-own-adventure style shows. If Black Mirror taught us anything, it’s to watch your back.

1 comment:

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