Chinese company Huishan Dairy crashed 85% in just under an hour Friday, devastating shareholders.
This Key Chinese Company Just Crashed - by Doing the Same Thing Sears Did
Here's how the company's chairman drove the stock into the ground...
by Casey Wilson
Chinese company Huishan Dairy crashed 85% in just under an hour Friday, devastating shareholders.
Here's how the company's chairman drove the stock into the ground...
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In Dow Jones news today, the Dow fell as investors started to fear President Trump will not be able to cut taxes as quickly as expected.
Investors are also weighing falling oil prices, rate hikes, and the bank stocks that slumped today.
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The Dow Jones news is the market's reaction to yesterday's interest rate hike.
Dow futures are on the rise in premarket hours a day after the Federal Reserve raised interest rates for the second time in four months.
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Global stock markets were mostly firmer Tuesday, boosted by generally higher raw commodity market prices, led by crude oil. Nymex crude oil futures prices hit a three-week high overnight and are closing in on $50.00 a barrel. Energy market watchers now reckon the OPEC oil cartel may be able to come to a final agreement to cut production at next week's meeting. Iran and Iraq are reportedly backing the production-cut plan.
U.S. stock indexes are pointed toward higher openings when the New York day session begins.
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Investors can add another deal to the 2014 IPO calendar, with the GrubHub IPO expected to take place on Thursday, April 3.
Today, Grubhub officials announced that they have upped the price range on Grubhub stock to $23 to $25, from a previous range of $20 to $22.
Last week, GrubHub officials announced that they plan to raise approximately $155 million in an initial public offering by selling 7.03 million shares.
Now that the GrubHub IPO financial info has been released, investors are investigating the company.
These are the numbers they'll want to watch...
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