Shake Shack share price goes supersize on stock exchange debut January 30, 2015 Shake Shack's share price has gone supersize on its stock market debut, rising almost 150 per cent from its initial public offering price of $21 per share. Shares in the fast food chain are trading at around $48.5 per share on the New York Stock Exchange under the ticker symbol "SHAK", valuing the company at more [...]
Alibaba’s growth misses target making Yahoo investors groan January 29, 2015 ONLINE media group Yahoo, one of Alibaba’s largest shareholders, saw its shares tumble 5.8 per cent yesterday after the Chinese e-commerce giant reported slower than expected growth. Alibaba’s revenue rose 40 per cent to $4.22bn (£2.8bn) in the quarter to the end of December, but missed analyst’s expectations of $4.45bn, sending its shares down 8.8 [...]
Microsoft share price plummets 10pc after profits fall January 27, 2015 Microsoft’s share price has plummeted almost 10 per cent in morning trading on the New York Stock Exchange, after profits fell in the second quarter. Shares opened at $42.96 after closing at $47.18 on Monday night. In its earnings report for the quarter ended 31 December 2014, the company revealed a 10.6 per [...]
New York blizzard won’t close US markets… but these seven events that weren’t snowstorms did January 27, 2015 A huge blizzard hitting the east coast of the US and New York City isn't closing down US markets and it remains business as usual on Wall Street. The New York Stock Exchange, Nasdaq and other exchanges are expected to open as normal as New Yorkers prepare to be hit with up to three feet [...]
Bitcoin price bounces as first regulated US exchange opens January 26, 2015 The price of Bitcoin has jumped following the opening of the first-ever licensed US exchange, a move that will give a little bit more legitimacy to the controversial cryptocurrency. Lunar Exchange, operated by San Francisco-based Coinbase, has garnered regulatory approval in half of US States, according to the Wall Street Journal. The Exchange will give Bitcoin [...]
Bill Gross invested over $700m in Janus Capital helping it record first inflows in five years January 22, 2015 So-called "bond king" Bill Gross has pumped more than $700m (£465m) of his own money into Janus Capital, helping the group to mark a significant new milestone. Janus' released its fourth-quarter results today, and the fund's profit beat market expectations, recording inflows for the first time in five years. "At the end of 2014, Bill [...]
US firm Shutterstock snaps up British photographic press agency Rex Features for $33m January 15, 2015 US firm Shutterstock, a leading provider of commercial digital imagery and music, yesterday agreed to buy British photographic press agency Rex Features. The New-York based firm will pay $33m (£21.7m) for Rex, which is the largest independently-owned photographic press agency in Europe. Based in London, Rex provides media companies and advertisers with current affairs [...]
Alibaba could move into Indian market with $500m investment in One97 Communications January 12, 2015 Alibaba could soon expand its global influence by purchasing a stake in India’s One97 Communications for over $500m. Alibaba and payment service provider unit Alipay are said to be in advanced talks to buy between 30 and 40pc of the Indian company which owns mobile payment platform Paytm. According to Reuters sources, One97 [...]
US markets suffer worst fall in months – New York Report January 5, 2015 THE S&P 500 had its worst day in almost three months yesterday, with energy shares leading the decline as global economic concerns were compounded by swooning oil prices. The S&P closed off 1.8 per cent in its first four-day losing streak since December 2013 and its biggest drop since 9 October. It fell as much [...]
Charles Li tells Santa all about big bad Alibaba December 22, 2014 Writing a letter to Santa is pretty standard at this time of year, mostly for those between the age of four and nine. But penning a note to Little Saint Nick isn’t beyond some middle-aged finance chiefs, The Capitalist hears. Charles Li, the chief executive of the Hong Kong Stock Exchange, has written a [...]