Page 93 - Stk News Today

(Bloomberg) -- Reopening demand and marooned containers have caused bottlenecks across supply chains just as the holiday shopping season kicks off in North America. It’s also prompting downgrades across analysts estimates for the upcoming earnings season.

(Bloomberg) -- Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favorite investment destination.

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(Bloomberg) -- ChemoCentryx Inc. shares surged the most since November 2019 after the drug developer won U.S. approval for Tavneos as a treatment for a rare autoimmune disorder. The stock soared as much as 89% on trading volume that was more than 2,000% higher than the three-month average.

(Bloomberg Businessweek) -- The trajectory of so-called blank-check companies—effectively vast pools of cash in search of investment opportunities—is shaping up to be a classic Wall Street feeding frenzy.

(Bloomberg) -- Hong Kong gym chain Pure Group is seeking to raise about $100 million to help fund its expansion in mainland China, people with knowledge of the matter said.

(Bloomberg) -- The Turkish lira rebounded from a record low against the dollar as a top official refuted a media report that said President Recep Tayyip Erdogan is “cooling” on central bank Governor Sahap Kavcioglu.

(Bloomberg) -- Fumio Kishida’s first speech to parliament as Japan’s 100th prime minister was an impassioned performance compared to his staid predecessor, but it did little to relieve investor concerns that his talk of redistribution and higher taxes are bad news for stocks.

(Bloomberg) -- Brazilian meatpackers are idling more capacity amid a protracted trade spat with China and dwindling domestic demand for steak and other cuts of meat.