New York

Another Jack Ma company could break the world's IPO record. But this time, the U.S. is missing out

29 days ago   |   By Fortune

On the morning of Sept. 19, 2014, the opening bell rang in the New York Stock Exchange, and a crescendo of cheers, whistles, and applause erupted on the crowded trading floor. Alibaba Group, the Chinese e-commerce giant that Jack Ma founded in 1999, had broken the record for the largest initial public offering in history .
As the bell clanged in Manhattan, fireworks exploded in the night sky above Alibaba's headquarters in Hangzhou, China, where hundreds of company employees had gathered outdoors in the rain for the occasion. A live feed of the exchange floor played on a huge screen...
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Global markets lower after Wall St declines for third week

Global markets lower after Wall St declines for third week

29 days ago   |   By Stl Today

BEIJING - Global stock markets and U.S. futures tumbled Monday after Wall Street fell for a third straight week and investors were rattled by U.S.-Chinese tension over technology and security and a rise in British coronavirus infections.
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Global stocks slide as France, Spain, and the UK record thousands of new COVID-19 cases

Global stocks slide as France, Spain, and the UK record thousands of new COVID-19 cases

29 days ago   |   By Business Insider

Brendan McDermid/Reuters
Global stocks fell on Monday, as surging cases of COVID-19 in Europe rattled investors over the largest regional outbreak in recent weeks. Shares of European banks dragged regional indices lower following reports that they moved large sums of money from suspicious transactions over nearly twenty years. US futures pointed to a fourth day of declines later on when Wall Street opens. British pharma group AstraZeneca's US clinical trial of a COVID-19 vaccine is still on hold. The US ban on all new downloads of TikTok and WeChat is also on hold as President Donald Trump...
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Global stocks slide as France, Spain, and the UK record thousands of new COVID-19 cases

Global stocks slide as France, Spain, and the UK record thousands of new COVID-19 cases

29 days ago   |   By Business Insider

Summary List Placement
Global stocks fell on Monday, as surging cases of COVID-19 in Europe rattled investors over the largest regional outbreak in recent weeks.
Shares of European banks dragged regional indices lower following reports that they moved large sums of money from suspicious transactions over nearly twenty years.
US futures pointed to a fourth day of declines later on when Wall Street opens.
British pharma group AstraZeneca's US clinical trial of a COVID-19 vaccine is still on hold .
The US ban on all new downloads of TikTok and WeChat is also on hold as President Donald Trump...
Read more ...

 


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U.S. Department of Justice files antitrust lawsuit against Google

U.S. Department of Justice files antitrust lawsuit against Google

The U.S. Justice Department alleges that Google carries out anticompetitive business practices and maintains monopolies in search and advertising. Read more ...

US home construction up 1.9% in September to 1.4 million

US home construction up 1.9% in September to 1.4 million

WASHINGTON - U.S. home construction rose a solid 1.9% in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy. Read more ...

In a leaked memo, Google CEO Sundar Pichai calls for employees to keep their...

In a leaked memo, Google CEO Sundar Pichai calls for employees to keep their focus amid a new antitrust lawsuit: 'Keep doing what you're doing'

Summary List Placement The Department of Justice has hit Google with a lawsuit that accuses the company of abusing its monopoly to give itself an unfair advantage in search and... Read more ...

'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's...

'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's 3rd-quarter earnings report

Summary List Placement Netflix is set to report third-quarter earnings Tuesday afternoon, offering investors the latest look at how its subscriber growth has held up after... Read more ...

Nancy Pelosi walks back the Tuesday deadline she previously set for a...

Nancy Pelosi walks back the Tuesday deadline she previously set for a stimulus deal with the White House

Summary List Placement House Speaker Nancy Pelosi said on Tuesday that the deadline she set to negotiate a pre-election stimulus deal wasn't, in fact, a deadline at all. During... Read more ...

Google is expected to counter the DOJ's historic antitrust lawsuit with...

Google is expected to counter the DOJ's historic antitrust lawsuit with claims that it's misunderstood and faces plenty of competition

Summary List Placement Google is gearing up for an antitrust battle that could revolutionize how tech giants function. On Tuesday, the United States Department of Justice filed... Read more ...

Melania Trump has a lingering cough after her COVID-19 diagnosis and will...

Melania Trump has a lingering cough after her COVID-19 diagnosis and will cancel a campaign appearance in Pennsylvania

Summary List Placement First lady Melania Trump is dealing with a lingering cough after her coronavirus diagnosis earlier this month and will not make a Tuesday campaign... Read more ...

The economy will be just fine without more stimulus - but markets could sell...

The economy will be just fine without more stimulus - but markets could sell off sharply, says one top strategist

Summary List Placement The US economic recovery can continue without fresh stimulus, but the lack of a near-term deal could rankle markets, Seema Shah, chief strategist at... Read more ...

We got an exclusive look at the pitch deck that Tony Fadell-backed Menlo...

We got an exclusive look at the pitch deck that Tony Fadell-backed Menlo Micro used to raise a $44 million Series B to reinvent the electric switch

Summary List Placement The circuit breaker was invented by Thomas Edison in 1897, and if you ask Menlo Micro CEO Russ Garcia, not much has changed with the technology since... Read more ...

Welcome to the world of 'social commerce,' where brands like Mucinex use...

Welcome to the world of 'social commerce,' where brands like Mucinex use Youtube fashion shows to launch loungewear lines designed to break the internet

Summary List Placement Anyone who's ever had a cold knows Mucinex. The over-the-counter decongestion medication is a stalwart staple of medicine cabinets everywhere. But on... Read more ...