NYSE drops 'no jeans' policy as Levi Strauss goes public again, shares surge 31%
Levi Strauss & Co., which gave America its first pair of blue jeans, is public for the second time. The stock, which is listed under the ticker "LEVI," opened for trading on Thursday up 31 percent on very strong demand and recently changed hands at ...
South Korea day trader gave 'peace stocks' a chance and cashed in on Kim-Trump summit collapse
For Jung Jae-hoon, a 37-year-old day trader in South Korea, the botched Trump-Kim summit was a success: The volatility that rattled the market helped him earn a nice profit. Minutes before the market closed on Feb. 28, so-called peace stocks — a group of companies ...
American department store operator J.C. Penney Co. is closing more stores following a weak holiday sales season. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who ...
Tesla shares tank on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc. dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market ...
SoftBank sticks to IPO price despite market drop and network outage
SoftBank Group Corp. set the final price for the ¥2.65 trillion initial public offering of its Japanese telecom business at its original target, underscoring its confidence in judging demand as it deals with fallout from a major network outage and a global stocks rout. The ...
China's Tencent Music files for huge U.S. share offering, seeking to raise $1 billion
Tencent Music, the largest Chinese streaming platform, filed for a U.S. share offering Tuesday seeking to raise at least $1 billion in what could be among the largest tech share offerings to date. The platform controlled by Chinese technology giant Tencent gave no details on ...
General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...
Tesla CEO Elon Musk drops latest bombshell with $72 billion buyout proposal
Tesla Inc. CEO Elon Musk is gearing up to lead a buyout of the electric carmaker in a stunning move that would end the maverick company's eight-year history trading on the stock market. In his typically unorthodox fashion, the eccentric Musk dropped the bombshell on ...
Traders chasing Pokemon now battle over Nintendo's value
After investors pushed up Nintendo Co. shares with a fervor only matched by gamers chasing Pikachu, traders are now locking horns over how much the high-flying stock is worth. Bears have boosted short interest in Nintendo to its highest in five months after the stock ...
Sweet $1.35 billion takeover offer gives Krispy Kreme shares caffeine spike
Krispy Kreme shareholders got a caffeine boost after coffee giant JAB Beech said Monday it is acquiring the doughnut chain. The Luxembourg-based investment firm, which owns Keurig Green Mountain, Peet's Coffee & Tea and Caribou Coffee, said it is taking the North Carolina doughnut company ...
First-time investors urged to turn to inexpensive 'robo-advisers'
It appears not many people are into investment in Japan. As of last December, only about 16 percent of Japan's ¥1.7 quadrillion in personal financial assets was held in stocks, investment trusts or bonds. This is partly due to a general belief that investments are for ...
