Fintech companies in Asia saw their capital raise fall around 37% from $2.56 billion in the first quarter to $1.62 billion in the second, a CB Insights report said.
Schlagwort-Archiv: Markets
Quicken Loans parent sells shares in IPO below target to raise $1.8 billion
Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned.
Singapore’s largest bank reports 22% fall in quarterly profit as it guards against pandemic-induced risks
Net profit at DBS fell to 1.25 billion Singapore dollars ($912.9 million) in the second quarter — down from 1.6 billion Singapore dollars a year ago but beating Refinitiv estimates of around 1.19 billion Singapore dollars.
Bank of England holds rates steady but warns of a slower economic recovery
The Bank of England has held interest rates steady and maintained its existing level of asset purchases, but warned it is anticipating a slower economic recovery from the coronavirus crisis.
Stocks making the biggest moves in the premarket: Hilton, Restaurant Brands, Bausch Health & more
The stocks making the biggest moves in premarket trading include Hilton, Restaurant Brands, Bausch Health, and more.
Nikola’s entire quarterly revenue of $36,000 was from solar installation for the executive chairman
All of Nikola’s revenue in the second quarter was connected to solar installations for one of the company’s executives.
Stocks making the biggest moves after hours: Etsy, Western Digital, Live Nation and more
See which stocks are posting big moves after the bell.
Trillions of dollars on sidelines will pour into the market post-coronavirus, Oppenheimer’s John Stoltzfus predicts
Oppenheimer Asset Management’s John Stoltzfus expects a temporary setback to the March 23 rally, but he’s not abandoning his bullish stance on stocks.
Popeyes parent’s revenue falls 25% despite chicken chain’s soaring same-store sales
Popeyes, powered by its popular chicken sandwich, reported same-store sales growth of 24.8%.
College students are buying stocks – but do they know what they’re doing?
A lot of college students are starting to get into the investing game amid the coronavirus lockdown thanks to easy-to-use apps. But critics say they don’t know what they’re doing and they’re getting played by Wall Street pros. Is that true or are they doing their homework? This story is part of CNBC’s „College Voices 2020“ series.