Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%.
President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world's two largest economies may end a 16-month trade war that has slowed global growth.
The S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app "Bumble" and "Badoo", valuing the company at about $3 billion, the private equity firm said in a statement on Friday.
Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp's board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released on Friday.
The S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
Arkansas has decided to back the U.S> Justice Department's decision to approve a merger of T-Mobile US and Sprint, the third and fourth largest U.S. wireless carriers.
AQR Capital founder Cliff Asness says it's time to "sin" a little — and by that he means increase allocation toward value stocks.
There's a downside to strong stock markets: Mutual funds that you're holding in a taxable account might be offloading some hefty gains in December. Why you could face a surprise tax.
In this blog, we're discussing how restricted securities are handled and what post lockup conversion looks like. Continue reading
Asian shares napped near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers.
China and the United States must simultaneously cancel some existing tariffs on each other's goods for both sides to reach a "phase one" trade deal, the Chinese commerce ministry said on Thursday.
Toyota Motor Corp unveiled plans for a $1.8 billion share buyback on Thursday, after reporting a more-than-expected quarterly profit on better global sales and an improvement in its North American business.