Updated Jan. 3, 2024 6:23 am ET A dearth of initial public offerings in Hong Kong is causing companies to suffer cash crunches and put off expansion plans, showing how the steep market downturn is taking a toll on businesses that need to raise money. The Asian financial hub was for years the top international … Read more
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
The latest and final stock sale of Madison Square Garden Entertainment by its former parent, Sphere Entertainment Group, is clearing an overhang and looks bullish for the owner of the Madison Square Garden arena in Manhattan. Madison Square Garden Entertainment (ticker: MSGE) said Monday that Sphere Entertainment Group (SPHR) had begun a sale of 7.15 … Read more
Startups Hunker Down in Europe as Funding Shrivels The Wall Street Journal Source link