Month: October 2024
Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge […]
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Ford reveals new 2025 Expedition SUV, including off-road and ‘Ultimate’ models
2025 Ford Expedition Platinum Ultimate Ford DETROIT — Ford Motor is increasing the refinement and technology of its large Expedition SUV as part of a vehicle redesign to better compete with growing competition. The new three-row SUV features a smoother interior and exterior design, increased comfort and convenience features such as a 24-inch driver display, […]
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Mark Zuckerberg is now world’s second-richest person, ahead of Jeff Bezos
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s second richest person. Zuckerberg’s net worth reached $206.2 […]
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Missouri judge blocks Biden student loan forgiveness that was cleared to proceed
U.S. President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC. Kevin Dietsch | Getty Images The Biden administration’s sweeping student loan forgiveness plan was temporarily blocked again Thursday by a Missouri judge, just one day after a […]
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Port strike ends as workers agree to tentative deal on wages and contract extension
A striking worker holds up a sign in front of the Bayport Container Terminal in Seabrook, Texas, on October 3, 2024. The International Longshoremen’s Association (ILA), 85,000 members strong, has launched its first strike since 1977 after weeks of deadlocked negotiations over a six-year labor agreement. Mark Felix | AFP | Getty Images The union […]
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Helene recovery could cost $34 billion. Here’s who might pay for it.
An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. John Falchetto | Afp | Getty Images The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody’s Analytics. And due to the […]
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Trump Media COO quits; DJT turns over more shares to SPAC investor in court fight
A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Trump Media Chief Operating Officer Andrew Northwall resigned in late September, the company revealed in a regulatory filing Thursday. Former President Donald Trump’s social media company announced in the same filing that it will release […]
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Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
Check out the companies making headlines in midday trading. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo’s utilization rate compared to peers as well as its owner-operator […]
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How a tiny town hit by Helene could upend the global semiconductor chip industry
Virtually all of the world’s supply of a mineral that is critical to semiconductor production comes from one tiny town in the foothills of the Blue Ridge Mountains that has been devastated by Hurricane Helene. Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town […]
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