Browsing Tag:shares

Business

Alibaba shares jump after China orders Ant Group to revamp business

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An Ant Group logo is pictured at the company's headquarters, a subsidiary of Alibaba, in Hangzhou, Zhejiang Province, China, on October 29, 2020.Aly Song | ReutersGUANGZHOU, China - Alibaba shares in Hong Kong rose nearly 4% on Tuesday when it opened after regulators ordered the e-commerce giant's financial technology subsidiary Ant Group to overhaul its business.Along with a...
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Business

GameStop shares cut losses after the Reddit favorite plans a $1 billion stock sale

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John Smith | Corbis News | Getty ImagesGameStop shares trimmed their double-digit losses in volatile trading Monday after the video game retailer announced it was selling up to $ 1 billion in additional shares after a historic Reddit short squeeze.GameStop recently traded 3% lower at around $ 185 per share. Earlier in the day, the company...
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Business

Victoria’s Secret owner L Brands shares jump on raised profit outlook

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Pedestrians wearing protective masks carry shopping bags from Victoria's Secret Stores LLC in San Francisco, California, United States on Wednesday, February 17, 2021.David Paul Morris | Bloomberg | Getty ImagesVictoria's secret owner L Brands raised its earnings outlook for the first quarter on Friday, citing an incentive based on government incentives and eased Covid restrictions.The share rose...
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