Chinese Fashion Retailer SHEIN to raise $2 Billion; aiming US IPO in 2023
SHEIN, a Chinese ecommerce fashion retailer based in Singapore, is said to be aiming to raise...
Adidas to cut dividends as company stares at first annual loss in thirty years
Adidas, the German multinational footwear and textile company, announced on Wednesday that it would reduce its...
JPMorgan Chase to Expand in Florida as Wealthy Clients Flock to the State
JPMorgan Chase & Co., a multinational financial services company based in New York, is increasing its...
Marlboro maker Altria Group Acquires Significant Stake in E-Cigarette Company NJOY, Divests From Juul Labs
Altria Group, the manufacturer of the popular cigarette brand Marlboro, has acquired a significant stake in...
Swiss National Bank Reports Record $141.54 billion Losses in 2022
The Swiss National Bank, headquartered in Bern and Zurich, has reported a significant annual loss of...
Meta Platforms and Google Challenge South Korean Fine for Illegal Data Collection
Media reports indicate that Meta Platforms and Google are currently taking legal action against an order...
Walmart to Close Last Two Stores in Portland Due to Financial Difficulties
Walmart, the US-based retailing behemoth, is preparing to close its last two stores in Portland due...
US Semiconductor Companies Restricted from Expanding Production Capacity in China Under CHIPS Act
Recent reports indicate that American semiconductor companies intending to benefit from the $39 billion semiconductor manufacturing...
Boeing CEO Dave Calhoun denied $7 million bonus due to missed 777X target
Boeing, the multinational aerospace corporation, issued a statement on Friday clarifying that their CEO Dave Calhoun...
Silvergate Capital’s Shares Plunge Over 50% as Bank Evaluates Ability to Continue Operating
The shares of prominent crypto bank, Silvergate Capital, plummeted by over 50% today following the company's...