Shares in Big Hit, the company behind the K-pop phenomenon, opened at more than double the offering price, then jumped 30 percent in early trading before finishing down on the day.
Tag: Stocks and Bonds
Tokyo Stock Exchange Glitch Brings Trading to a Halt
The exchange resumed trading on Friday after a technical problem left investors unable to place orders on Thursday.
TikTok’s Proposed Deal Under Review by Trump Administration
The Chinese-owned app designed a compromise to satisfy U.S. security concerns. The terms are now under review by the Trump administration.
Samsung’s J.Y. Lee Faces New Charges
Lee Jae-yong stands accused of stock price manipulation and other offenses as he sought to tighten his control over the major corporate empire.
Apple Reaches $2 Trillion, Punctuating Big Tech’s Grip
Apple is the first U.S. company to hit that value, a staggering ascent that began in the pandemic.
A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks
The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
Australian Student Files Climate Change Lawsuit Against Government
A 23-year-old law student filed a class-action suit accusing Australia of failing to disclose financial risks from climate change. Experts say it is the first of its kind.
Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers
With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Treasury Says Small-Business Loans Supported Over 50 Million Jobs
The latest on stock market and business news during the coronavirus outbreak.
U.S. Added Nearly 5 Million Jobs in June
The latest on stock market and business news during the coronavirus outbreak.