The revelation of the split is not boding well for the fashion brand as its shares closed Thursday’s trading session with a fall of 3.64%.
Shell CEO Ben van Beurden will step down for renewables director Wael Sawan, after a nearly four-decade career, 9 of which he served as CEO.
The company also revealed that both its US and Hong Kong stocks will be fully fungible which means that stocks bought or sold in one market can be converted or sold in another.
The drop in the European stock market is in tandem with those of the US stock market.
With interest rates set to be hiked following this growing inflation figure, the US market is waking up with a bearish reaction to the news.
Despite September being a bad month for the broader stock market, Apple appears to look strong with iPhone lovers contributing to the high pre-order data.
The Consumer Price Index (CPI) report for the month of August is billed to be released on Tuesday.
JPMorgan sees huge growth potential in china’s total addressable market for the Metaverse. The baking giant notes companies which will have a competitive edge operating with different applications of Metaverse such as gaming and social networks.
The stock market on the other side of the world has also shown signs of good health despite the aggressive inflationary fight against inflation by the United States Federal Reserve.
The deal has led to a slight increase in GameStop stock price. Yesterday, GameStop shares ended the session 4.38% down, at $24.04. But following the announcement, the stock price rose about 10% in after hours trading.
Apple CEO Tim Cook said that the iPhone 14 Pro is the high-end model for the year.
The shares of Bed Bath & Beyond have been considered a meme stock in the past year, and the company said it was selling some of its stock last month to finance some of its core operations.
A movie chronicling the peculiar events of the GameStop meme stock era starts filming this month, with several household names involved.
According to Zuckerberg, the chips developed in partnership with Qualcomm will be directed toward the tech company’s Quest products.
The CMA does not think that Microsoft acquiring Activision would foster healthy competition in the videogame industry.