Stocks of FIGS, Coinbase, Coupang and Robinhood have plunged since 2021 IPOs. But not before executives and financial backers sold portions of their holdings. ( read original story ...)
Japan Set to Allow Foreign Toshiba Bids if They Comply With Security Rules
Japan wants to attract overseas investment ... podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. The Most Important ... ( read original story ...)
How a Trash-Talking Crypto Bro Caused a $40 Billion Crash
Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early. ( read original story ...)
The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall
UST's downfall could have short-term and long-term ripple effects, especially as skeptical legislators like Elizabeth Warren survey the damage ... ( read original story ...)
The Stunning Scale of India’s Biggest IPO Ever
State-owned Life Insurance Corp. of India, with its distinctive blue and yellow logo, is ubiquitous across the country of 1.4 billion people. LIC controls nearly two-thirds of the Indian market, with ... ( read original story ...)
Nikkei closes at 2-week high after retail sales data lifts Wall Street
Japan's Nikkei rose to its highest close in nearly two weeks on Wednesday, with technology heavyweights leading the rally, after Wall Street closed sharply higher overnight on strong retail sales data ... ( read original story ...)
Nikkei ends higher in 4-day rally on tourism recovery hopes
Tokyo stocks rose Wednesday, with the Nikkei index seeing a four-day winning streak, as some tourism-related shares were bought on ho ... ( read original story ...)
Central Japan water leak affects plants near Toyota hub
A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production centre of Toyota Motor Corp. The accident in Japan's manufacturing heartland ... ( read original story ...)
Bank of Japan deputy vows to maintain monetary stimulus despite price pressures
The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said on Tuesday, dismissing speculation ... ( read original story ...)
Japan nuclear regulator grants initial nod to Fukushima water release plan
Japan's Nuclear Regulation Authority (NRA) granted an initial approval on Wednesday for a Tokyo Electric Power's (Tepco) plan for releasing water from the destroyed Fukushima nuclear power plant into ... ( read original story ...)
Japan’s Nikkei hits highest in nearly 2 weeks after Wall Street’s jump
Japan's Nikkei rose on Wednesday to its highest in nearly two weeks, with technology heavyweights leading the rally, after Wall Street closed sharply higher overnight on strong retail sales data. ( read original story ...)
Japan’s quarterly economy contracts as energy prices soar
Japan’s economy shrank at an annual rate of 1% in the first quarter, as rising prices and COVID-19 restrictions deadened spending and investment. The Cabinet Office says Japan’s real gross ... ( read original story ...)
Coinbase Responds to Storm Shaking Crypto Market
The crypto trading platform had planned to triple its employee headcount, but suspended hiring as its stock fell sharply. ( read original story ...)
The Great Crypto Grift May Be Unwinding
But the indictment came during what is increasingly looking like the unwinding of the great crypto “bezzle.” The term comes from John Kenneth Galbraith’s classic account of the 1929 stock-market crash ... ( read original story ...)
Japan manufacturers’ mood slips to 15-month low in May – Reuters Tankan
May manufacturers' sentiment index +5 vs April +11 * Manufacturers' mood hits lowest since Feb 2021 * May service sector index +13 vs +8 in April . By Daniel Leussink . TOKYO, M ... ( read original story ...)
Japan’s Economy Shrinks on Trade Drag, Omicron Consumption Hit
Japan’s economy shrank in the first three months of this year as the omicron variant swept across the nation, with lingering supply snarls and soaring import prices adding to the unfavorable ... ( read original story ...)