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Reddit shares end trading up 48% in market debut
Social media platform Reddit's shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
Tesla shares finally snap record 13-day win streak that added $200B in value
Tesla's record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after a stretch that saw the U.S. automaker add more than $200 billion to its value.
Apple iPhone sales inch up, bolstering results amid shaky economy
Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.
May 5, 2023 | 12:17 am PT
Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
March 15, 2023 | 07:47 pm PT
Goldman Sachs to cut asset management investments that weighed on earnings
Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.
January 23, 2023 | 01:31 am PT
Starbucks plans to tap young, wealthy customers to weather recession
Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits, saying it will weather any coming recession by selling customized cold drinks through its rewards app.
November 3, 2022 | 11:48 pm PT
Wall St loses over $200 billion in value after report from Amazon
Over $200 billion in U.S. stock value went up in smoke in extended trade Thursday, after a weak forecast from Amazon added to downbeat quarterly reports from Big Tech companies.
October 27, 2022 | 07:18 pm PT
Wall Street revives Russian bond trading after US go-ahead
Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic.
August 14, 2022 | 10:41 pm PT
Wall Street watchdog to laid-off crypto employees: work for us
The Financial Industry Regulatory Authority plans to increase its resources to understand and monitor cryptocurrencies as more of the Wall Street watchdog's members trade digital assets, Chief Executive Officer Robert Cook said on Tuesday.
June 14, 2022 | 06:18 pm PT
Wall Street or Disneyland? HCMC mulls financial center themes
Two different main themes have been presented for an international financial center in HCMC: one a traditional Wall-Street-like concept; and the other, a Disneyland.
February 21, 2022 | 11:00 pm PT
Asian markets mixed as inflation plays against recovery optimism
Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the U.S. and China.
November 7, 2021 | 11:26 pm PT
Uber's market debut sours most anticipated IPO since Facebook
Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday.
May 11, 2019 | 03:28 am PT
SE Asia Stocks: Most lose ground, Vietnam dives to three-month low
Most Southeast Asian stock markets slumped on Thursday, following a tech rout on Wall Street that saw the year's gains being wiped out.
October 25, 2018 | 12:42 am PT
Wall St swoons on Tillerson firing, tech losses; oil dragged down
Facebook, Alphabet, Microsoft are biggest losers.
March 13, 2018 | 05:51 pm PT
Asian markets finish week on a high
Friday saw a bounce-back as investors tracked their New York counterparts
February 23, 2018 | 12:58 am PT
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