Stock Market Updates

  • Peloton_Logo

    Peloton shares drop as company announces $275m debt offering and refinancing plans


    Shares of Peloton Interactive, Inc. tumbled by 16.3 percent following the announcement of the company’s plans for a comprehensive global refinancing effort. The fitness giant revealed it would issue $275.0 million in convertible senior notes due in 2029 as part of a private offering. Additionally, Peloton plans to secure a ...

  • Allbirds
    News briefs

    Allbirds faces Nasdaq pressure to boost stock price


    Allbirds is facing pressure to increase its share price after receiving a warning from Nasdaq regarding its stock performance. The sustainable footwear brand disclosed that its Class A common stock had consistently closed below $1 per share for 30 consecutive days, violating Nasdaq’s regulations. Allbirds now has six months to ...

  • Li-Ning_logo.svgz

    Li Ning considers privatizing sportswear firm amid market challenges


    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...

  • Hong Kong Stock Exchange (Ank_Kumar)
    News briefs

    Anta Sports and Alibaba among first companies to introduce HKD-RMB Dual Counter Model


    The Hong Kong Exchanges and Clearing Ltd (HKEX) officially launched the “Dual Counter Model” for Hong Kong Dollar (HKD) and Yuan (RMB) on June 19. This is intended to strengthen Hong Kong’s role as an international financial center by bringing more liquidity and vitality to the stock market. Anta Sports ...

  • Union Jack - James Giddins - Unsplash
    News briefs

    2022 confirmed as a bleak year for U.K. businesses


    The number of profit warnings issued by U.K.-listed companies in 2022 increased by 50 percent year-on-year, with record levels of these warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report (member firm of Ernst & Young). In total, 305 profit warnings were issued in 2022, an increase ...

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    Analysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022


    According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...