Zeekr, a Chinese electric vehicle maker, recently priced its initial public offering at $21 a share, marking the top end of its range. The company is set to sell 21 million American depository shares, raising $441 million for its debut on the New York Stock Exchange under the ticker ZK. This offering falls within Zeekr’s
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Arm, a British chip designer, experienced a slight decline in its stock price by more than 2% due to lackluster revenue guidance. Despite reporting a strong sales quarter driven by the demand for artificial intelligence applications, the company’s future revenue projections failed to meet investors’ expectations. The fourth-quarter revenue of $928 million marked a significant
The upcoming boxing match between legendary former heavyweight champion Mike Tyson and social media influencer turned boxer Jake Paul has already garnered immense attention from fans and bettors alike. Set to take place on July 20 at AT&T Stadium in Arlington, Texas, the event is expected to be one of the most heavily bet on
Warner Bros. Discovery recently announced its first-quarter results, falling short of analyst expectations both in terms of revenue and loss per share. The company’s stock saw a 3% increase following the announcement. Despite having a strong streaming unit, the company reported a 7% decrease in revenue to $9.96 billion, with a net loss of $966
In recent news, the Consumer Financial Protection Bureau (CFPB) regulation aimed at reducing late fees on credit cards is facing significant opposition from the U.S. Chamber of Commerce and the card industry. The industry filed a lawsuit against the CFPB to prevent the implementation of the new rule, which would limit late fees to $8
When considering a Roth individual retirement account (IRA) conversion, it is important to understand the potential tax savings that can be achieved. A Roth conversion involves transferring pretax or nondeductible IRA funds to a Roth IRA, where they can grow tax-free. While there is an upfront tax liability on the converted balance, the long-term benefits
In a surprising turn of events, Spanish bank BBVA has made headlines by announcing a hostile takeover bid for its domestic rival, Banco Sabadell. This move comes after an initial 12 billion euro bid from BBVA was rejected by Sabadell’s board, citing concerns about undervaluation and the potential for greater value through a standalone strategy.
President Joe Biden is aiming to initiate the forgiveness of student loans for millions of Americans ahead of the November presidential election. However, before this plan can be put into action, his administration must carefully review the public comments submitted by individuals regarding his debt relief proposal. These comments were made available in the Federal
The 2024 summer movie season is off to a rough start as it lacks the usual Marvel blockbuster film to kick off the festivities. In a departure from the norm, Universal’s “The Fall Guy” took the lead position for the first summer weekend but failed to attract a mass audience, resulting in disappointing ticket sales.
Siemens Energy experienced a significant increase in its shares of up to 13% following the announcement of a change in leadership and an updated forecast for the year. The German renewables firm disclosed that the CEO of its wind turbine unit, Siemens Gamesa, would be stepping down by mutual agreement on July 31. Jochen Eickholt
