Pompeo warns U.S. investors against fraud at China companies
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world. His remarks on ...
China corporate governance in doubt after two accounting scandals in week
China’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of its fastest-growing companies. TAL Education Group, a tutoring business whose success turned founder Zhang Bangxin into one of China’s richest people, delivered the latest bombshell on ...
Wall Street starts 2020 at record levels on China stimulus and trade hopes
U.S. stocks extended their rally into the new year, with all three major indexes hitting record highs on Thursday, as fresh stimulus from Beijing to prop up its economy added to optimism fueled by easing trade tensions and an improving global outlook. China's central bank ...
Shooting for investors: Counter-Strike world champs aim for first esport team IPO
Denmark's Astralis is set to become the first esports team to go public in a bid to cement its status in a $1.1 billion global market that's more than doubled since 2016. Astralis is ranked the world's number one in Counter-Strike: Global Offensive, a popular ...
Nasdaq cracks down on IPOs of small Chinese firms as U.S. investors elude
Nasdaq Inc. is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq's attempt to limit these stock market flotations comes as a growing number of ...
U.S. unit of Japanese conveyor belt sushi chain Kura Sushi makes Nasdaq debut
Japanese conveyor belt sushi chain Kura Sushi Inc.'s U.S. unit made a firm debut Thursday on the Nasdaq market, its shares ending above $19 after rising from its initial public offering price of $14. The parent company said Kura Sushi USA Inc. aims to expand ...
Japanese steak house in Manhattan gives patrons no chance to sit
Carnivores who stood in a morning line for roughly 30 minutes to dine at a new Japanese steakhouse in New York City remained standing once inside, part of a plan to allow customers to wolf down their food and move on. Ikinari Steak, which opened ...
Dow ends above 18,000 for first time after quarterly GDP revised up to 5%
U.S. stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth. The Nasdaq ended modestly lower, pressured by the biggest selloff in biotech names ...
U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports, including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve's Wednesday statement indicating ...
