A further step by the Securities and Exchange Commission toward forcing companies from China off American exchanges helped trigger the worst decline in US-listed Chinese stocks since the global financial crisis, and sparked a selloff in Hong Kong. The steep drops add to a punishing period for Chinese shares—some of which have now lost 40% […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
US stocks wobbled Friday and oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine. The blue-chip Dow Jones Industrial Average rose 205 points, gold 0.6%, in morning trading. The S&P 500 was up about 0.1%, while the Nasdaq Composite fell 0.6%. Stock futures had turned solidly […]
US stocks opened higher Friday and oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine. The Dow Jones Industrial Average rose 268 points, or 0.8%, shortly after the opening bell. The S&P 500 added 0.7% and the Nasdaq Composite climbed 0.8%. Stock futures had turned solidly […]
Interactive Platoon Co. PTON -4.91% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
LONDON—The British government ratcheted up pressure on Kremlin-linked businesspeople, sanctioning a handful of Russian oligarchs, including Roman Abramovich, the billionaire owner of British soccer club Chelsea FC. It was the first time any Western government has moved on Mr. Abramovich. His trophy assets, including Chelsea, high-end property in London and mega yachts, have helped turn […]
Interactive Platoon Co. PTON -4.78% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
US stock futures declined, while oil prices rose sharply, as investors monitored developments surrounding Russia’s invasion of Ukraine and awaited fresh inflation figures. Futures for the S&P 500 declined 1% Thursday, while contracts for the tech-focused Nasdaq-100 fell 1.4% and futures for the Dow Jones Industrial Average were 0.6% lower. All three indexes broke a […]
WASHINGTON—The price of bitcoin rose on Wednesday as cryptocurrency advocates cheered President Biden’s executive order directing agencies across the federal government to consider new regulations for digital currencies. The order, titled “Ensuring Responsible Development of Digital Assets,” outlined the risks cryptocurrencies pose to the economy, national security and climate, while also noting their possible benefits. […]
US stocks climbed and oil prices dropped Wednesday, extending a volatile spell as investors track the economic fallout of the war in Ukraine. The S&P 500 rose 1.9%, while the technology-focused Nasdaq Composite Index added 2.3%. The Dow Jones Industrial Average advanced 590 points, gold 1.8%. All three indexes are poised to break a four-session […]
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