Page 15 – FinanceSecond

Stocks

Uber IPO Fails, SoftBank Value Falls

By Brian Stanley May 14, 2019

Uber which changed the way urban transportation was done is troubled by Wall Street. The first day of the Uber IPO trading on the NYSE began with a fall of 7.6% from its Initial Public Offering price of $45. By the end of the day on Friday, the market capitalization of the company was a […]Continue Reading

Stocks

Lyft Warns of Peak Losses in 2019 as Uber Readies for its IPO

By Norma Stanley May 8, 2019

Last month ride-hailing company Lyft had its initial public offering (IPO) amid much fanfare, but within two days the company’s shares crashed after the listing day positivity, and since then the stock has been in a cycle of negativity. In a new development, the company has released some alarming projections that are going to put […]Continue Reading

Trading News

Asian Stocks Fall To Three Week Low, Oil Prices Reduce Slightly

By Norma Stanley April 27, 2019

Stock markets across the world showed a mixed response, while the Asian shares fell due to fears of a global slowdown due to weak economic data from Germany and South Korea. The oil prices also reduced slightly after it hit a 7 month high earlier this week. The Wall Street stocks rallied as the earnings […]Continue Reading

Stocks

Chinese Starbucks Rival Set to Raise $800 Million in US IPO

By Katherine Miller April 24, 2019

Over the last two decades, many Chinese companies have become major players in industries that have traditionally been dominated by household global names, and in a new development, Chinese coffee house chain Luckin Coffee Inc and Starbucks’ rival is gearing up for a mega Initial Public Offering (IPO). However, what is even more interesting is […]Continue Reading

Trading News

Asian Stocks Remain On A High, Wall Street Underperforms

By Katherine Miller April 17, 2019

Asian stock which had reached a 9-month high due to positive export and banking data in China continued to rally as the investors hoped that the Chinese economy would get better. Meanwhile, Wall Street underperformed as the quarterly earnings of major banks started pouring in. In the market Stocks: Asia-Pacific’s shares broadest index MSCI climbed […]Continue Reading

Trading News

U.S. Consumer Prices Go Up

By Katherine Miller April 12, 2019

U.S. consumer prices went up the most in the last 14 months in March. However, the underlying inflation trend seems to slow down the domestic as well as global economic growth. On Wednesday, a mixed report was released by the Labor Department which seemed to support the Federal Reserve’s decision to suspend its campaign in […]Continue Reading

Stocks

Report of Third Point’s Rising Stake Sends Sony Shares Soaring

By Katherine Miller April 10, 2019

There are many funds across the world that are known for driving changes in companies in which they have significant investment and so is the case most of the time, when Third Point LLC corners a large enough stake in any company. In a new development, that is the talk of the financial world at […]Continue Reading

Opinion & Analysis

Hold Dividends Payout, Use It To Reduce WildFire Risks: US Judge

By Teresa Taylor April 4, 2019

Due to PG&E’s ‘rampant wrongdoing’ of not trimming trees which touch power lines and causing many wildfires recently, a federal Judge has asked the utility company to suspend issuing dividends to its stockholders till the company shows that it will not cause any more wildfires. Judge William Alsup who is presiding over this case overturned […]Continue Reading

Opinion & Analysis

Japan’s Manufacturing Output In March at Its Lowest Since 2016

By Brian Stanley April 1, 2019

The manufacturing activity in Japan fell to its sharpest and lowest growth since 2016 as demand for the products fell both abroad and locally. As per the Purchasing Managers’ Index, PMI it was a little better than February but was still below the 50 point level which distinguishes from expansion and contraction. What is PMI? […]Continue Reading

Company News

Chainalysis Gives Clarification about Allegations Made by Coinbase

By Katherine Miller March 7, 2019

In the industry of blockchain intelligence, Chainalysis is one among many high-profile companies and a well-known blockchain analytics firm that is situated in New-York. To allow law enforcement agencies, companies and governments to supervise transactions done by blockchain and keep track of any suspected illegal activities, it offers technology tools like proprietary Continue Reading