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Chinese e-commerce giant JD.com's delivery arm surges more than 11% in Hong Kong IPO JD Logistics surged 11.99% in the opening moments of its Hong Kong debut on Friday. The company raised $3.2 billion in its initial public offering after pricing its shares at 40.36 Hong Kong dollars each, at the lower end of the expected range. While JD ...
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Genesco (GCO) Q1 2022 Earnings Call Transcript Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good day, everyone, and welcome to the Genesco first-quarter fiscal 2022 conference ...
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Big Oil Under Fire: Climate Activists Win Big Against Exxon And Shell Big oil companies can no longer hide behind empty rhetoric about climate commitments. An upstart hedge fund convinced major shareholders to challenge Exxon and an alliance of environmental groups scored a major court victory against Shell. May 26 ...
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Dick's Sporting Goods surges with interest in golf on the upswing "As a result of this robust demand, our golf business has been great at both Dick's and Golf Galaxy, with Golf Galaxy comps significantly outperforming the company average in recent quarters," said Lauren Hobart, chief executive of Dick's on the earnings call.
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Fed Returns to Jackson Hole for Annual August Policy Retreat The Federal Reserve's prestigious annual Jackson Hole policy symposium will be held in person this year, albeit in a modified form, according to the Federal Reserve Bank of Kansas City, which hosts the conference. The yearly retreat of the world's top central ...
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Mexico's Grupo Aeroportuario del Pacifico repays loans early MEXICO CITY, May 27 (Reuters) - Mexican airport operator Grupo Aeroportuario del Pacifico said on Thursday it had repaid two bank loans with a total value of 2 billion pesos ($100.24 million) ahead of schedule. The Guadalajara-headquartered group, ...
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GM Restarts Several Assembly Plants as Global Chip Shortage Begins to Ease A General Motors (ticker: GM) spokesperson told Barron's that five plants are coming back online after downtime take due to a lack of microchips. The Lansing Grand River plant will begin making Camaros again, and the CAMI plant in Canada is coming back.
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Disney Expands Board of Directors With Election of Lululemon CEO and Google Alum "Amy Chang and Calvin McDonald are highly-respected leaders with a deep understanding of the nexus between technology and the consumer experience, and we are excited to have them join the Disney board," said Robert Iger, executive chairman of Disney ...
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Mortgage rates fall as home prices rise, consumer confidence slips After last week's slight increase, mortgage rates retreated, weighed down by waning consumer confidence and rising housing prices. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average declined to 2.95% with an ...
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Inside a "ghost kitchen" with Kitchen United In Pasadena, California, there's a storefront shared by 25 restaurant brands. It's what's known as a "ghost kitchen" or "virtual kitchen" –– the restaurants operating there fill takeout and delivery orders only. A sign outside Kitchen United's pickup center in ...
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Fannie Mae's refinance program for lower-income homeowners starts next week. Here's what to know Fannie Mae's "RefiNow" program opens June 5, and Freddie Mac is expected to launch its own initiative later this summer. Borrowers will need to meet eligibility requirements, which includes having income that is no more than 80% of their area's median ...
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Costco's quarterly profit jumps by nearly half Costco said Thursday its net income for the latest quarter was $1.2 billion, a 45.6% increase from 2020's third quarter. Net sales rose 21.7%, to $44.38 billion, with e-commerce leading the way in growth as the pandemic continued to limit in-store shopping in ...
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Pending Home Sales Decline Unexpectedly Those sales have fallen for the last two months. "Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes," said Lawrence Yun, NAR's chief economist. "The upper-end market is still ...
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Canadian baker Mrs. Dunster's to buy Koffee Kup, Vermont Bread The Koffee Kup Bakery in Burlington, seen on Tuesday, April 27, 2021, abruptly laid off most of its employees and shuttered the plant. Photo by Glenn Russell/VTDigger. Atlantic Canada's largest family-owned bakery is buying the recently closed Koffee Kup ...
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New Monroe County vaccine incentive invites citizens to 'Choose Your Brew' Pop-up clinics will be set up at several local breweries in June. Anyone who gets vaccinated at one of these pop-ups will receive a free beer or a voucher for a drink.
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Airport seeing larger crowds as travelers gain confidence With the holiday weekend upon us and summer around the corner, air travel is increasing across the country. The Transportation Security Administration (TSA) reported this past Sunday that it had screened nearly as many people as it did at this time in 2019.
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Better Business Bureau warns of deceptive security system sales this summer LEXINGTON, Ky. (WTVQ) – With warm weather tends to come door-to-door sales offers, but not all of them are as honest as they should be. The Better Business Bureau (BBB) is warning homeowners of deceptive sales representatives knocking on their door ...
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Summerfest to give free tickets to festival at pair of upcoming vaccination clinics The clinics are scheduled to run from 10 a.m. to 4 p.m. on June 5 and 6 in the Henry Maier Festival Parking lots located at the Summerfest grounds. Those interested should enter from the south via Erie Street or north via Lincoln Memorial Drive then follow ...
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All Clark County Casinos Can Reopen at 100 Percent Capacity on June 1 Get ready for 100 percent capacity at all casinos in Clark County. The Nevada Gaming Control Board told casino operators across the state that they could follow the COVID-19 guidance from counties, and for Clark County, that means no social distancing and ...
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Providers have surplus of vaccine as cases decline The Pennsylvania Department of Health confirmed there were 1,127 additional positive cases of COVID-19 reported Wednesday and fewer than 1,000 the previous day. The statewide total is now 1,198,595, but the positivity across the commonwealth ...
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Rising beef prices squeeze carnivores from Buenos Aires to California Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle soars. High beef prices squeeze carnivores from Buenos ...
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Hawaii reports 58 coronavirus cases HONOLULU (KHON2) — The Department of Health reports 58 COVID-19 cases on Thursday, May 27. There are 39 confirmed coronavirus cases on Oahu, six on the Big Island, ten on Maui and two cases in out of state residents. There was also two ...
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Warren County COVID update for May 27 WARREN COUNTY, N.Y. (NEWS10) – Warren County Health Services confirmed one new COVID-19 case and five recoveries on Thursday. The county is monitoring 39 active coronavirus cases, including three that are hospitalized. Tracking coronavirus ...
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