Text size Spencer Platt / Getty Images On their second trip to the equity markets, Dun & Bradstreet Holdings shares gained 15.2% in their trading debut on Wednesday. Dun & Bradstreet (ticker: DNB) shares traded up to 17% higher than their initial public offering price of $ 22. The shares …
Read More »McDonald’s postpones reopening plans as coronavirus cases rise
McDonald’s Corp. is pausing to reopen the dinner service in the US as coronavirus cases continue to spread across the states. The hamburger giant said Wednesday it would wait three weeks before new US restaurants add a dinner service to its hawker, takeaway and delivery operations. “Our resistance will be …
Read More »Zuckerberg said he said about the Facebook ad boycott: “All of these advertisers will be back soon.”
Hundreds of companies around the world have joined a temporary boycott against Facebook Inc., but CEO Mark Zuckerberg says he is not concerned and has no intention of changing his policies, according to a new report. “ “I guess all of these advertisers will be back on the platform soon …
Read More »Chesapeake Energy filed for bankruptcy. Other oil and gas stocks could also be at risk.
Text size Paul Ratje / Getty Images Bond Investors Should Not Be Overly Surprised With Chesapeake Energy‘s bankruptcy. The oil and gas producer filed for Chapter 11 bankruptcy protection in a South Texas court on Sunday, after the company and its creditors agreed to the guidelines of a restructuring plan …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
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