Investors swoon over Bumble's IPO – but what exactly is an initial public offering?

Feb 12, 2021 07:53 am UTC| Investing

Bumble raised US$2.15 billion in an initial public offering, or IPO, late on Feb. 10, just in time for Valentines Day. Investors swooned over the women-go-first dating app, buying more shares and at a higher price than...

Coca-Cola top Q4 estimates with $1.46 billion net income, as cost cuts offset reduced sales

Feb 11, 2021 00:00 am UTC| Economy Business Investing

Coca-Cola reported a fourth-quarter net income of $1.46 billion, or 34 cents per share, down from $2.04 billion, or 47 cents per share, a year earlier, as fresh pandemic curbs globally closed its biggest sales drivers,...

TSMC eyes $9 billion from debt markets to fund expansion

Feb 10, 2021 23:56 pm UTC| Economy Business Investing

Taiwan Semiconductor Manufacturing Co. (TSMC) would raise nearly $9 billion from the debt markets to help fund expansion and pollution prevention-related efforts, after hiking revenue and capital spending estimates in...

12-year-old South Korean boy gains 43% returns in stock purchases

Feb 09, 2021 23:50 pm UTC| Investing

Twelve-year-old South Korean Kwon Joon earned 43 percent in returns from his new hobby of buying stocks. Kwon, whose role model is US billionaire investor Warren Buffett, asked his mother to open a retail trading...

Oil in Global Economy Series

FxWirePro: US Oil breaks major resistances, hits fresh 13-month high at $58.59

Feb 09, 2021 10:29 am UTC| Technicals Investing

WTI oil prices hit fresh 13-month high at $58.59 per brl before easing slightly to trade at 58.10 at around 10:15 GMT. Oil prices have risen nearly 10% in the past weeks trade and are set to extend the previous weeks...

Hyundai, Kia shares stumble on announcement that Apple car deal is off

Feb 08, 2021 23:11 pm UTC| Business Investing

Hyundai Motor Cos shares slumped 4.3 percent after announcing that it is no longer in talks with Apple Inc on creating autonomous electric cars, a month after confirming early-stage talks with the tech giant, The...

Wall Street isn't just a casino where traders can bet on GameStop and other stocks – it's essential to keeping capitalism from crashing

Feb 08, 2021 12:43 pm UTC| Insights & Views Economy Investing

Shares of GameStop and other companies or assets that shot up in value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks return to Earth...