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Evergrande has informed the Hong Kong Stock Exchange that it intends to delay a restructuring meeting because things are not going as planned. Shares of Chinese real estate company Evergrande Group fell up to 22% on Monday after the firm announced it would delay a debt restructuring meeting due today. According
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Lumi IPO’s success is seen as a positive indicator for other Saudi companies contemplating going public. In a dazzling debut on the Riyadh stock exchange, Lumi Rental Co., the Saudi Arabian auto rental firm, witnessed its shares surge by an astonishing 30% on its first day of trading. The Initial Public
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Shares of Instacart are currently struggling to keep up with the rise recorded in the company’s debut on the Nasdaq. Instacart (NASDAQ: CART) shares have crashed almost 11% on its second day of trading, nearly erasing all of its IPO gains. As of writing time, Maplebear Inc., doing business as Instacart, is
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For Q2 2023 which ended on June 30, Pinterest reported revenue of $708 million and global monthly active users of about 465 million. Pinterest Inc (NYSE: PINS) shares closed Tuesday trading at $26.21, up 3.19 percent from the day’s opening price. The sudden gains in the photo-sharing social media platform Pinterest
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Morgan Stanley had to upgrade its target price for Tesla shares for the next 12 to 18 months, from $250 to $400. Following a Monday report of an upgraded prediction by Morgan Stanley analysts, Tesla shares have now gained 10.09%. In an optimistic note to investors, the investment bank shared how
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Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26. American multinational tech company Oracle Corporation (NYSE: ORCL) shares dropped approximately 9.23 percent during the after-hours sessions to trade around $115.02.
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Despite looting $41 million in cryptos, Stake co-founder Ed Craven said the hackers did not compromise private user info or access customer funds during the attack. Edward Craven, co-founder of crypto casino Stake, published preliminary findings from a Sept. 4 incident that the Federal Bureau of Investigation (FBI) says was masterminded
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In its new monthly report titled “The Bitcoin Monthly: Bitcoin Battles Resistance Around Its On-Chain Mean”, Ark Invest has provided an exhaustive
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Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing
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The crypto market is always in flux, with new narratives and trends emerging each week. Renowned crypto analyst Miles Deutscher recently took
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