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Wall St. falls as trade anxieties spike

1 week ago DieselGasoil Comments Off on Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More

Wall Street mixed as strong consumer data dampened by trade jitters

1 week ago DieselGasoil Comments Off on Wall Street mixed as strong consumer data dampened by trade jitters
NEW YORK (Reuters) – Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan Read More

Trade tensions keep Wall St. under pressure

1 week ago DieselGasoil Comments Off on Trade tensions keep Wall St. under pressure
(Reuters) – U.S. stocks struggled for direction after three days of gains on Friday, as investors weighed mixed headlines on trade, with China’s aggressive stance in its trade war with the United States remaining an overhang. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May Read More

Starbucks’ China rival Luckin serves up a hot debut

1 week ago DieselGasoil Comments Off on Starbucks’ China rival Luckin serves up a hot debut
(Reuters) – Shares of China’s Luckin Coffee Inc surged 47% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in the Asian country. A screen welcomes Luckin Coffee during the company’s IPO at the Nasdaq Market site in Times Square in New York, U.S., May 17, 2019. Read More

Wall St. falls after China’s tough talk on trade

1 week ago DieselGasoil Comments Off on Wall St. falls after China’s tough talk on trade
(Reuters) – U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan Read More

Wall St. set to open lower after China’s tough talk on trade

1 week ago DieselGasoil Comments Off on Wall St. set to open lower after China’s tough talk on trade
(Reuters) – Wall Street was set to break a three-day winning streak on Friday, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan Read More

Starbucks’ China challenger Luckin raises $561 million in U.S. IPO

1 week ago DieselGasoil Comments Off on Starbucks’ China challenger Luckin raises $561 million in U.S. IPO
NEW YORK/HONG KONG (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted range and sold more shares than planned in the biggest U.S. float by a Chinese firm this year. The Beijing-based coffee chain raised $561 million by Read More

Rapid bitcoin rally cheers crypto market investors, others wary

2 weeks ago DieselGasoil Comments Off on Rapid bitcoin rally cheers crypto market investors, others wary
LONDON (Reuters) – Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. Read More

Bodum sues Starbucks for product disparagement over French press recall

2 weeks ago DieselGasoil Comments Off on Bodum sues Starbucks for product disparagement over French press recall
NEW YORK (Reuters) – Bodum Holding AG sued Starbucks Corp on Friday for alleged product disparagement in connection with the coffee company’s recent U.S. and Canadian recall of 263,200 co-branded French presses made from recycled materials. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October Read More

Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO

3 weeks ago DieselGasoil Comments Off on Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO
(Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. FILE PHOTO: The logo is seen at a Luckin Coffee store in Beijing, China, February 28, 2019. REUTERS/Jason Lee/File Photo The company said it expects Read More