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MCE

Instacart stock subdued as debut enthusiasm loses steam

by Sam Bailey
Instacart stock subdued as debut enthusiasm loses steam

Instacart’s stock closed nearly 11% lower on Wednesday, as the grocery delivery app joined other new stock market entrants in failing to keep up with strong gains on debut. Investors …

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SoftBank’s Arm soars nearly 25% in market debut to $65 billion valuation

by Sam Bailey
SoftBank’s Arm soars nearly 25% in market debut to  billion valuation

On September 14, SoftBank’s Arm Holdings saw a nearly 25% increase in its stock price above its Nasdaq debut price, sparking optimism among investors for a potential turnaround in the …

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Argentina peso at risk of another devaluation after election, Reuters poll shows

by Sam Bailey
Argentina peso at risk of another devaluation after election, Reuters poll shows

According to a recent Reuters poll of strategists, Argentina’s peso currency is facing the risk of another devaluation following the presidential election in October or a possible second round in …

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Gabon dollar-denominated bonds slide after army says it seized power

by Sam Bailey
Gabon dollar-denominated bonds slide after army says it seized power

Gabon experienced a significant drop in its dollar bonds following a military coup, marking the largest daily decline since the height of the COVID-19 pandemic. The coup occurred shortly after …

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BRICS divisions re-emerge ahead of critical expansion debate

by Sam Bailey
BRICS divisions re-emerge ahead of critical expansion debate

The BRICS summit is currently taking place in Johannesburg from August 22-24. The leaders of Brazil, Russia, India, China, and South Africa are meeting to discuss the future of the …

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Bitcoin drops to new two-month low as world markets sell off

by Sam Bailey
Bitcoin drops to new two-month low as world markets sell off

Bitcoin, the top cryptocurrency, experienced a significant drop, reaching a two-month low amidst a wave of risk aversion in global markets. On Thursday, it fell by 7.2%, marking its largest …

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Evergrande files for US bankruptcy protection as China economic fears mount

by Sam Bailey
Evergrande files for US bankruptcy protection as China economic fears mount

Evergrande Seeks Protection from Creditors as Part of Debt Restructuring Embattled developer China Evergrande Group (3333.HK) has filed for U.S. bankruptcy protection as part of its massive debt restructuring efforts. …

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Shares, dollar edge up after moderate US CPI data

by Sam Bailey
Shares, dollar edge up after moderate US CPI data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo U.S. inflation cools as consumer prices rise …

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