Sectors
Redditors Became Instant Millionaires As Company's Stock Soars 48% During Stock Exchange Debut
Reddit Inc. made a remarkable debut on the NYSE, surging 48%. Tens of thousands of Reddit users participated in the IPO through a directed-share program, resulting in immediate profits for some while others contemplated a long-term investment strategy.
Elon Musk's Tesla Loses $240 Billion After Decision to Cut Production in China
Tesla's stock plummeted after Elon Musk's decision to halt car production in China amid slower EV sales growth and increased competition. Analysts warn that overcoming the downfall will be challenging without new Tesla models.
Bank of Japan Departs From Negative Interest Rate Policy, Boosting Confidence in Economic Growth
The Bank of Japan's decision to abandon its negative interest rate policy, coupled with its first rate hike in 17 years, reflects confidence in Japan's economic growth, driven by significant wage increases. Still, experts anticipate minimal immediate impact on the public.
Michael Jackson's Son in Legal Battle With Grandmother Katherine Over Funds From His Father's Estate
Michael Jackson's son, Bigi "Blanket" Jackson, has asked a court to deny the King of Pop's mother from using his late father's estate money in her ongoing legal battle.