NEW YORK (AP) — Shares of Party City jumped over 20 percent in their stock market debut Thursday.The Elmsford, New York, company designs, sells and makes balloons, invitations, costumes and other party goods. It operates about 900 stores and sells its products in other retailers.Party City raised about $372 million in its initial public offering, selling 21.9 million shares at […]
NEW YORK (AP) — Shares of Party City jumped nearly 22 percent in their stock market debut Thursday.The Elmsford, New York, company designs, sells and makes balloons, invitations, costumes and other party goods. It operates about 900 stores and sells its products in other retailers.Party City raised about $372 million in its initial public offering, selling 21.9 million shares at […]
Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority said on Thursday.Final rules covering the opening of the market will be published on May 4, the regulator said in a brief statement.Read MoreOPEC: Rivals’ oil supply growth will slowAFP […]
Akin Oyedele
Apr. 16, 2015, 4:14 PM
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Business Insider / Jillian D’OnfroEtsy had a huge first day as a public company. Shares of the online craft marketplace rose 87% in their trading debut on Thursday.Etsy shares closed at $30 after its IPO priced at $16 per share on Wednesday night. At the current share price, Etsy’s market cap is around $3.3 billion.The Brooklyn-based company […]
Benchmarks posted modest gains on Thursday helped by gains in energy shares due to rise in oil prices. The day’s gains were limited as investors remained concerned about first quarter earnings results. A stronger U.S. dollar may negatively impact multinationals’ earnings results while overall weakness in oil prices will weigh on energy shares. Meanwhile, the first quarter earnings season kicked […]
Associated Press
Apr. 5, 2015, 11:40 AM
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Adrees Latif /ReutersIran’s President Hassan Rouhani gives a news conference on the sidelines of the 69th United Nations General Assembly at United Nations Headquarters in New York September 26, 2014.TEHRAN, Iran (AP) — The Tehran Stock Exchange has rallied after world powers clinched a nuclear framework agreement with Tehran, reflecting hopes that some crippling international […]
Cramer questions the market’s intelligence
Mad Money host Jim Cramer shares his final thoughts of the day on the latest moves taking the tape, including Micron; Procter & Gamble; Kimberley-Clark and PVH.
Sometimes even Jim Cramer has to admit—the stock market is dumber than a bag of hammers.This is exactly what he was thinking on Wednesday night when Micron reported an upside […]
At the recent Israel Investment Seminar in New York, Yossi Beinart, head of the Tel Aviv Stock Exchange, spoke of plans to attract investors, including a move to allow Israeli companies to adopt Generally Accepted Accounting Procedures, or GAAP.In addition, the exchange, in conjunction with BlueStar Indexes, announced the TASE-BlueStar Israel Global Technology Index, which will track 57 major technology […]
Benchmarks ended in the red for the fourth-straight session after escalating tensions in the Middle-East following an air strike in Yemen dampened investor sentiment. Additionally, the crisis in Yemen drove oil prices higher on Thursday on concerns that it may lead to reduction in oil supply. However, upbeat initial claims data limited some of the day’s losses. The S&P 500 […]
View photo.(Wikimedia Commons)Some investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.Biotech stocks fell more than 3%, their biggest one-day drop this year.But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains of 3% for the […]
