News

Walgreens is reportedly considering taking itself private and the stock is surging

Walgreens is considering going private, Bloomberg and Reuters reported on Tuesday. The $US57 billion retail pharmacy giant’s stock jumped 6% on Tuesday on the news. Its CEO, Stefano Pessina, owns a 16% stake in the company, according to Bloomberg. Visit Business Insider’s homepage for more stories. Walgreens is considering going […]
Walgreens is reportedly considering taking itself private and the stock is surging
Markets

Former World Bank chief economist warns the world is at ‘most dangerous financial moment’ since 2009 as global markets reel from trade war escalation

Former Obama advisor and World Bank economist Larry Summers tweeted on Monday the latest escalation in the US-China trade war has pushed the world to “the most dangerous financial moment since the 2009 Financial Crisis”. The comments follow US Treasury officially branding China a currency manipulator after it allowed the […]
Former World Bank chief economist warns the world is at ‘most dangerous financial moment’ since 2009 as global markets reel from trade war escalation
Tech

Uber has officially priced its IPO at $45 per share

Uber priced its IPO at $US45 per share, the company announced on Thursday. This gives Uber an initial market cap of $US75.5 billion, far below the $US120 billion banks reportedly sought for Uber at the start of the IPO process. The company is expected to raise $US8.1 billion in the […]
Uber has officially priced its IPO at $45 per share
Markets

Beyond Meat soars 163% in its first day of trading

Beyond Meat debuted Thursday afternoon on the Nasdaq under the ticker BYND. Shares soared to soared by 163% at one point on Thursday. It’s the first public debut in a deluge of initial public offerings expected this month. Beyond Meat, the decade-old plant-based meat-substitute company, soared by 163% on Thursday […]
Beyond Meat soars 163% in its first day of trading
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