Shanghai gigafactory, Song Gang, has left the company, according to a letter he wrote to staff on Wednesday. The Morning Brief anchors Madison Mills and Brad Smith report more on this story and what ... ( read original story ...)
Ant Group Warns Against ‘False’ IPO Rumors
The Chinese fintech company, co-founded by billionaire Jack Ma, said it has no plans to go public, striking back at social-media posts contending the company was exploring a potential backdoor listing ... ( read original story ...)
Stock Market Today: Asian shares track Wall Street’s selloff after Fed hints at 2 rate cuts in 2025
Shares skidded Thursday in Asia after U.S. stocks tumbled to one of their worst days of the year when the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought. The Fed ... ( read original story ...)
Bubble Tea Makers Revive IPO Ambitions With China Said to Be Softening Stance
China’s bubble-tea makers are reviving plans for initial public offerings, encouraged by signs that Beijing is loosening its grip on the market and sentiment is improving after a disappointing debut ... ( read original story ...)
The barriers and benefits as Banco Santander looks to branch out in Canada
Santander launched its no-fee, high-interest online Openbank offering in both the U.S. and Mexico in recent months, a path it seems likely to follow in Canada Share your thoughts and join the ... ( read original story ...)
Tesla’s head of Giga Shanghai has left the building
Tesla’s head of Gigafactory Shanghai, Song Gang, who is behind a lot of the automaker’s manufacturing success, confirmed that ... ( read original story ...)
The U.S. has overtaken China as world’s IPO capital — even though India had more deals
U.S. stock exchange raised more investment through initial public offerings (IPOs) in 2024 than markets anywhere else in the world, even as India took the top spot as the country with the most public ... ( read original story ...)