Sports' Most Expensive Brand to Raise $333M in IPO
Manchester United Ltd., the English soccer team with a record 19 national championships, plans to raise as much as $333 million in a U.S. initial public offering.
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The Fed Eyes U.S. Jobs Data As Stocks Retreat
25:16 - Global stocks dropped, set for the biggest weekly loss since February, and the yen rose before key American jobs data that will help shape the U.S. interest-rate outlook. Australia’s currency slumped and its bonds surged after the nation’s central bank lowered its inflation forecast. The Stoxx Europe 600 Index and the MSCI Asia Pacific Index both lost ground, as did S&P 500 futures. Economists predict U.S. non-farm payrolls rose by 200,000 last month, a Bloomberg survey showed before Friday’s report. Allianz Global Investors Global Macro Strategist Lucy MacDonald discusses with Bloomberg's Anna Edwards on "Countdown."