NYSE may leave New York if trading is taxed
11 Feb, 2021, 08.26 AM IST
Senior New York state legislators have signalled interest in enacting a tax on stock sales to address a dire budget shortfall amid the coronavirus downturn.
GameStop pares rally to double digits as retail traders pile in
29 Jan, 2021, 09.31 PM IST
The stock, face of the retail craze that’s gripped Wall Street and drawn scrutiny from Washington, trimmed intraday gains of as much as 114% to 60% at 10:30 a.m. in New York. The stock plunged a record 44% in Thursday’s US cash session.
Zoom seeks to raise $1.5 billion through new stock offering
12 Jan, 2021, 08.31 PM IST
Zoom said in a statement Tuesday it expects to give its underwriter a 30-day option to buy as much as an additional $225 million of Class A stock at the public offering price, excluding underwriting discounts and fees.
US considering adding Alibaba, Tencent to China investment ban: Sources
07 Jan, 2021, 04.26 PM IST
Targeting Asia’s two most valuable companies would be U.S. President Donald Trump’s most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office.
Asian stocks mixed as markets await US runoff results
06 Jan, 2021, 08.33 AM IST
Adding to broader uncertainty in markets was the latest twist in a regulatory saga over whether the New York Stock Exchange would delist three Chinese telecom giants on security grounds.