Two of Asia’s largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S. Didi Chuxing filed confidentially for a U.S. IPO that would value it at $ 70 billion to $ 100 billion, Bloomberg News reported Friday. Didi, the largest ride-hailing business in China, …
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Europe overtook China in 2020 to become the world’s largest market for electric vehicles, amid a pedal-to-the-metal push to increase EV adoption from governments and supercharged demand from consumers. The registrations of new electric vehicles topped 1.33 million in the key European markets last year, compared with 1.25 million in …
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New York Gov. Andrew Cuomo has decided to push for online sports wagering in his state. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at …
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Jack Ma “has ultimate control over our Company,” Ant Group said in a filing as it plans to go public. AFP via Getty Images Ant Group could be headed for the largest initial public offering in history, as the Chinese financial-technology juggernaut chases a valuation that would rival the biggest …
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The era of coronavirus has already been hard on the American psyche, but the CEO of the world’s largest asset manager cautions that everyone should brace for even rougher days ahead, as the U.S. attempts to emerge from the worst public-health crisis in more than a century. BlackRock’s Chief Executive …
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The world’s second largest ticket seller, Eventim EVD, +1.84%, is withholding millions of euros of ‘processing fees’ from fans seeking refunds for events canceled due to the coronavirus. The German-listed company sells tickets to concerts from the Red Hot Chili Peppers to Iron Maiden. Based on several refunds, reviewed by …
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April will pose a crucial test for stock-market investors looking for signs that the worst of the market carnage triggered by the global COVID-19 pandemic is past, as the outbreak continues to claim lives and promises historic, near-term economic pain. Bears contend the sheer uncertainty surrounding the impact of the …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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The U.S. stock-market rally has been unraveling, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -0.46% finished lower for a fifth straight day along with the S&P 500 index, …
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