Lemonade Inc. made the strongest initial public offering debut of a US company in 2020, as the shares of the mobile-based insurance company more than doubled last on its first day of trading. LMND Lemonade, + 139.34% The shares, which soared as much as 144% to hit an intraday high …
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BEIJING – A private indicator of China’s service sector activity rose to the highest level in more than a decade in June, as the easing of virus control measures in most of the country boosted demand. Caixin China’s index of service purchasing managers rose to 58.4 in June from 55.0 …
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A growing number of prominent Wall Street institutions are making the prediction that 2020 will be the year for Europe’s stock market to overshadow its American counterpart as the coronavirus takes divergent paths across the two economic powers. Despite the United States struggling to curb the deadly COVID-19 disease, the …
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Alaska Air Group Inc. ALK, + 2.21% He said Thursday that he has raised $ 1.2 billion in private funds, while a subsidiary, McGee Air Services, an independently operating ground services company, has received $ 30 million in Payroll Support Program (PSP) loans. under the Coronavirus Aid, Relief and Economic …
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SAN FRANCISCO – Pacific Gas & Electric grew out of a controversial bankruptcy saga that began after its long-neglected power grid ignited wildfires in California that killed more than 100 people. The nation’s largest utility company announced Wednesday that it emerged from Chapter 11 bankruptcy and paid $ 5.4 billion …
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