(For a live blog on the US stock market, click or type LIVE / in a news window) * Pfizer rose after raising the forecast for the full year * McDonald’s falls when global sales at the same store disappoint * 3M falls as quarterly earnings fail estimates * Downward …
Read More »Brooks Brothers files for bankruptcy when athleisure replaces button-down shirts (July 8)
A arrives at the United States District Bankruptcy Court for the Southern District of New York in Manhattan, New York, USA, January 9, 2020. REUTERS / Brendan McDermid (Reuters) – Clothing brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a list of decades-old American retailers that have …
Read More »Alibaba’s Ant Group fires a starter pistol on a double list in Hong Kong, Shanghai
HONG KONG (Reuters) – Ant Group, the fintech arm of Chinese e-commerce giant Alibaba Group Holding (BABA.N), said the process of a dual listing in Hong Kong and the Nasdaq-style Shanghai Star Market has begun, kicking off one of the world’s most anticipated IPOs. FILE PHOTO: The logo of Ant …
Read More »New security law begins to break Hong Kong’s pro-democracy economy
HONG KONG (Reuters) – As soon as Hong Kong’s new national security law went into effect last week, Ivan Ng removed all protest-themed paintings, posters and flags from the list of items for sale at his print shop. Onestep. FILE PHOTO: Memo documents with protest slogans are seen outside a …
Read More »Buy now and pay whenever? Locking lift for online shopping loans
(Reuters) – Browsing online during the shutdown, Jessica Friend saw a pair of Ray-Ban sunglasses she liked, but the price made the 30-year-old Ohio resident think twice. FILE PHOTO: A smartphone displays a Klarna logo on top of the bills in this illustration taken on January 6, 2020. REUTERS / …
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