Chinese fintech company Qudian jumped nearly 40 percent on its opening day of trading on the NYSE Wednesday. Shares priced at $24 in the $900 million IPO, above the expected range of $19 to $22. The 37.5 million offering of American Depository Shares makes it one of the largest U.S.-listed floats by a Chinese company […]
Read moreThe exact tally is still impossible to calculate, but at least 10,000 homes and other structures have been destroyed by floods, winds and fires in the past three months. Given the acute construction labor shortage that was already at play before these disasters, reconstruction and its repercussions in residential real estate could pose yet another […]
Read moreIt seems like third time’s a charm — at least when it comes to Apple’s smart watches. The Apple Watch Series 3 is gaining “significant momentum,” according to Daniel Ives, head of technology research at GBH Insights, previously a well-known analyst at FBR Capital Markets. Ives checked at Apple Stores and took surveys, and found […]
Read moreWith stocks notching new highs like clockwork — and some experts calling the market “frothy” and pointing to signs of a market top — some investors might be considering taking money off the table. Not so fast, advisors warn. “People make bad decisions when they go to cash,” said Scott Bishop, head of financial planning […]
Read moreThe next big function to take off on Amazon’s Echo devices will be voice or video calling — which is a way Alexa can reduce the need to have your smartphone on your at all times, said Rohit Prasad, VP and Head Scientist at Alexa Machine Learning. “If you have not played with calling and […]
Read moreIBM has successfully managed to shift the story about its stock from billionaire investor Warren Buffett to earnings, CNBC’s Jim Cramer said Wednesday. Shares of IBM were up 9 percent midmorning Wednesday, lifting the Dow Jones industrial average after the tech giant reported better-than-expected quarterly results the day before. Earlier this year, Buffett, chairman and […]
Read moreIBM saw its biggest stock jump in eight years in early trading Wednesday following an after-the-bell earnings beat on Tuesday. The stock was up 9 percent in morning trading, the largest jump since a 11.5 percent spike in January 2009. Shares were trading above $159 Wednesday morning. IBM revenue has declined for 22 straight quarters, […]
Read moreCoastal real estate in America is so often depicted in images of sprawling mansions with long lawns leading down to boat slips and sandy beaches. They grace the cover of vacation magazines and retirement brochures. But the reality is that the majority of coastal homes are not super swanky, and they are most in danger […]
Read moreGerman construction company Hochtief has confirmed a takeover bid for Spanish toll road operator Abertis. The bid, made at 18.76 euros per share, equates to a total of 17.1 billion euros ($20.1 billion). Hochtief says it will issue 24.79 million new shares to help fund any takeover. The Spanish firm ACS is the parent company […]
Read moreMost U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon‘s $13.7 billion purchase of Whole Foods will shake up the supermarket business. Shares in Kroger, the largest U.S. supermarket operator, have tumbled 40 percent from this […]
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