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Benchmark US indices closed higher on Monday, January 24, as investors appeared more confident about the economy ahead of the Fed’s two-day monthly meeting starting tomorrow. The S&P 500 surged 0.28% to 4,410.13. The Dow Jones increased 0...

• January 24, 2022 01:39 PM PST
• Versha Jain

Highlights Kohl's has received a takeover offer from at least two suitors recently. Sycamore Partners has offered US$65 per share for Kohl’s purchase. Kohl's board of directors is currently evaluating the proposals.   Shares o...

• January 24, 2022 12:53 PM PST
• Rupam Roy

Highlights Coinbase Global, Inc. (NASDAQ: COIN) is a cryptocurrency exchange that provides a regulation-compliant platform for retail and institutional investors.  Coinbase was founded in 2012 and launched its IPO in April 2021. The Coin...

• January 24, 2022 12:17 PM PST
• Versha Jain

Highlights Chime Financial Inc is reportedly seeking Goldman Sachs’ help in the IPO process. Chime aims for a valuation of US$40 billion in the initial public offering (IPO). The company plans to pick other underwriters by spring.  ...

• January 24, 2022 10:50 AM PST
• Rupam Roy

One of the world’s largest OTT platforms, Netflix reported a disappointing subscription growth in the fourth quarter of fiscal 2021.     The streaming giant’s stock plummeted by 24%, from US$508.25 to US$385.30 per share...

• January 24, 2022 10:20 AM PST
• Shivani Joshi