RIV Capital, the cannabis-investing company backed by Scotts Miracle-Gro Co., has cited regulatory uncertainty and market dynamics in New York in a big impairment on its pending acquisition of Etain. RIV Capital CNPOF, +25.16% RIV, +30.36% said Tuesday that regulatory uncertainty and other factors caused a drop in the...
Treasury yields were mildly mixed on Wednesday ahead of a speech by Federal Reserve chairman Jay Powell and a looming large bundle of important economic data.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.483% rose by less than 1 basis point to 4.479%. Yields move in the...
Shares of Mulberry Group PLC fell 21% on Wednesday after the company reported a swing to pretax loss for the first half of the fiscal year and said that it is well placed for the upcoming festive trading period. Shares MUL, -15.79% at 0801 GMT were down 60.0 pence...
Public protests in China related to the government’s COVID-19 restrictions have hit the news worldwide over the weekend, following a fatal apartment fire in Urumqi, Xinjiang, last week which killed 10 people. Many internet users claimed some residents could not escape because the apartment building was partially locked down, though authorities denied this. There...
Bilibili Inc. 9626, +11.51% shares jumped in Hong Kong on Wednesday, extending an overnight Wall Street rally as investors welcomed its better-than-expected quarterly results. Shares of the Chinese internet giant have gained as much as 13% on Wednesday, and shares were last up 9.6% at 119.00 Hong Kong dollars...
China’s official gauges measuring factory, construction and service activities slipped further into contraction in November, weighed by the country’s stringent COVID restrictions that have throttled production, along with a deepening property slump and slowing global demand. The official manufacturing purchasing managers index fell to 48.0 in November, down from...
A bipartisan Senate panel on Tuesday expressed skepticism toward the planned merger of grocery-store chains Kroger Co. and Albertsons Cos., with lawmakers raising questions about the prospect of higher food prices, stifled competition and an expansion of so-called “food deserts” where supermarket access is scarce. The chief executives...
Shares of AMC Networks Inc. slid in Tuesday trading after the media company announced the surprise departure of its chief executive and said that it plans to conduct layoffs that could affect roughly 20% of its employees. Christina Spade, who took over as CEO in September, has stepped down...
U.S. stocks wavered Tuesday as trading enters final hour, as investors gauged the chances that Beijing may ease its zero-COVID policies which provoked widespread protests over the weekend and added to investor worries about global economic growth. Wall Street was also weighing downbeat data on U.S. consumer confidence, the...
Anyone watching the market knows stocks have been hammered since the Federal Reserve began in March what has turned into an aggressive series of interest rate hikes, but strategists at Deutsche Bank say they might be surprised to learn that those rate hikes probably aren’t the culprit. The S&P...