Shein Valuation Slumps 70% as Hong Kong IPO Tests Investor Confidence
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...
AI Debt Boom Tests Investor Appetite
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...
Banks Agree to $86.4 Million Settlement in Mexican Bond-Rigging Lawsuit
Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC have agreed to pay $86.4 million to settle a long-running antitrust lawsuit accusing them of manipulating the market for...
Berkshire Hathaway Steps Up Investments as Cash Hoard Shrinks
Berkshire Hathaway began drawing down its massive cash reserves in the second quarter, investing billions of dollars in stocks while accelerating share buybacks. The conglomerate repurchased $4.5 billion of its own shares during the...
Lazard Q2 Profit Plunges 91% as Advisory Revenue Weakens
Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
Trump Shifted Crypto Windfall Into Stocks and Bonds, Financial Filings Reveal
U.S. President Donald Trump earned more than $1.4 billion from his family’s cryptocurrency ventures in 2025, including World Liberty Financial and the Trump meme coin, according to financial disclosures filed with the U.S. Office...
Canadian Dollar Outlook Weakened by USMCA Uncertainty
Canada’s dollar is expected to strengthen less than previously forecast over the next year as uncertainty surrounding the revision of the U.S.-Mexico-Canada Agreement (USMCA) weighs on the country’s economy, according to a Reuters poll...
U.S. Manufacturing Growth Slows in June as Order Surge Eases
U.S. manufacturing activity moderated in June after posting its strongest performance in three years during May, as the boost from businesses rushing to place orders ahead of potential shortages and price increases linked to...