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Financial News Around the World

Pressure on China’s factories grows as U.S. demand falls

All the factories that U.S. toy company Basic Fun works with in China told workers not to return right after the Lunar New Year holiday, said CEO Jay Foreman.

Published 9 February 2023
Categorised as Finance News

Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

The Nextracker initial public offering, which had sought to raise up to $535 million, will likely be the biggest U.S. listing since October.

Published 8 February 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more

These are the stocks posting the largest moves in extended trading.

Published 8 February 2023
Categorised as Finance News

The tater tot trade: Domino’s new menu item should boost this potato play, Bank of America says

Analysts are bullish on shares of potato producer Lamb Weston, spurred by Domino’s Pizza’s new tater tots menu item rolling out this month.

Published 8 February 2023
Categorised as Finance News

Biden pushed a billionaire minimum tax – here’s what Elon Musk would pay

President Biden urged Congress to pass his billionaire minimum tax. While the idea drew cheers, it’s full of complications.

Published 8 February 2023
Categorised as Finance News

These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1

New York is the most “rent-burdened” metro area in the U.S., according to a new report from Moody’s Analytics.

Published 8 February 2023
Categorised as Finance News

Fed Governor Christopher Waller warns that interest rates could go higher than expectations

Federal Reserve Governor Christopher Waller on Wednesday talked tough on inflation, warning that the fight is not over.

Published 8 February 2023
Categorised as Finance News

Stocks making the biggest moves midday: CVS, Fortinet, Lumen Technologies, Alphabet & more

Lumen Technologies tumbled on light guidance. Alphabet was under pressure after an event on artificial intelligence.

Published 8 February 2023
Categorised as Finance News

Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work

FTX’s top bankruptcy, legal, and financial advisors billed the company more than $19.6 million in fees, according to Tuesday bankruptcy court filings.

Published 8 February 2023
Categorised as Finance News

Michael Kors-owner Capri shares plunge after revenue falls across the retailer’s luxury brands

Revenue fell across the company’s luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China.

Published 8 February 2023
Categorised as Finance News

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