Birkenstock shares tank 13% from IPO price in rare debut unlacing
The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.
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LVMH shares drop on slower growth, wiping $6 billion from Bernard Arnault’s fortune
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.
General Motors stock slides: 3-year low amid $5 billion strike slump
General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker.
23andMe user data stolen and listed for sale in attack targeting Ashkenazi Jews
The company, which has launched an investigation into the attack, said Friday it could not yet confirm whether the leaked information is real.
Donald Trump, Sam Bankman-Fried And The Snapchat founders: Here’s who fell off the 2023 Forbes 400 list
These 24 billionaires lost a combined $43 billion—and their spot among the nation’s wealthiest people.
Fox and News Corp shares surge as Rupert Murdoch steps down
Rupert Murdoch will step down from News Corp and the Fox Corp. after decades at the helm of the right-leaning news giant.
Lachlan Murdoch wins his family’s ‘Succession’: Here’s how he took over the Fox/News Corp juggernaut
Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.
Rupert Murdoch stepping down from Fox and News Corp
Murdoch’s eldest son Lachlan will take over in November.
Arm, the largest IPO of the year, explodes 17% in first day of trading
The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.
Birkenstock files for IPO two years after its $4.3 billion acquisition
The IPO could be valued at more than $8 billion, according to Bloomberg,