Business

Baidu, Tencent in U.S. extend slide after SEC actions amid U.S.-China tension

U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. They initially fell in tandem with a broad sell-off of tech and tech-related shares on Wednesday, when the Nasdaq shed more than 2%. They extended losses on Thursday […]

Business

GameStop up 13% more as ‘Reddit army’ bets on sales turnaround

“Meme” stock-in-chief GameStop jumped another 13% in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace. The video-game retailer, whose shares rose as high as $483 in a battle with short-sellers in January, has now risen more than five times […]

Business

GameStop swings between gains and losses, capping volatile week

“Meme” stock-in-chief GameStop swung between gains and losses on Friday, with the shares reversing course after rising 19% earlier in the session. Shares of the video game retailer were last down 4.1% at $176.18 in late afternoon trading. The stock, which had hit a record high of $483 in January, tumbled 34% the day after […]

Business

Allfunds, Europe’s largest IPO in 2021, set for Amsterdam exchange

Madrid-based Investment platform Allfunds confirmed on Wednesday that its initial public offering will happen on Euronext in Amsterdam. According to the company, the IPO in Amsterdam will take place within the next few weeks and at least a quarter of Allfunds’ existing shares will be sold, ANP reported. According to people close to the matter, […]