8:00 - 19:00

Working hours MON. - FRI.

Wise on course to launch IPO in May at a $6-7 billion valuation – sources By Reuters

By Abhinav Ramnarayan LONDON (Reuters) - British banking fintech Wise -- formerly Transferwise -- is on course to launch an initial public offering in May this year in a deal that could value the company at $6 billion-$7 billion, two sources familiar with the situation said. The company, best known for facilitating cross-border transactions, has appointed Goldman Sachs (NYSE:GS) and ...

Continue reading

S&P 500 Tops 4,000 as Tech Rebounds, but Value Sees Big Gains Ahead By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 topped the historic 4,000 level Thursday, as tech turned on the swagger thanks to falling bond yields, but value stocks are expected to set the pace as the new quarter gets underway, according to an expert.   The S&P 500 rose 0.95% to hit a record high of 4,013.10, the Dow Jones Industrial Average rose 0.50%, or...

Continue reading

Evergreen, Which Chartered Ever Given, Says It’s Not Responsible for Cargo Delays By Bloomberg

(Bloomberg) -- Taiwan’s Evergreen Marine Corp., which chartered the Ever Given vessel that grounded in the Suez Canal last week -- halting marine traffic through the waterway for about six days -- said it’s not responsible for delays of any cargo it’s transporting due to the incident. Evergreen’s agreements with clients don’t guarantee arrival...

Continue reading

CarMax Shares Fall After Disappointing Earnings By Investing.com

By Dhirendra Tripathi Investing.com – CarMax (NYSE:KMX) shares lost more than 6% on Thursday after reporting disappointing earnings. CarMax's shares are not very far from their 52-week high of $136.49. February quarter earnings at the user car retailer fell 2.3% from a year ago, to $209.9 million. This was even as revenue rose 4%, to $5.16 billion. A major cost factor behind the fall...

Continue reading

SoftBank-backed Compass valued at $8.22 billion in NYSE debut By Reuters

(Reuters) -Shares of SoftBank Group Corp-backed Compass Inc jumped 18% in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering (IPO) price range. Stock opened at $21.25, above the IPO price of $18 per share. The company, which...

Continue reading

UK refers Facebook acquisition of Giphy for in-depth probe By Reuters

(Reuters) -Britain on Thursday referred Facebook Inc (NASDAQ:FB)'s acquisition of GIF website Giphy for an in-depth probe after Facebook told the country's competition watchdog it would not be offering any concessions to address antitrust concerns. The Competition and Markets Authority (CMA) last week gave Facebook and Giphy five working days to offer proposals to address its concerns over their merger...

Continue reading
en_GBEnglish