Grab plunges 21% in biggest Wall Street debut by a Southeast Asian company
CNN
The Southeast Asian unicorn Grab had a rough first day on Wall Street. The Singaporean startup closed down nearly 21% Thursday as it began trading on New York's Nasdaq.
The Singaporean startup closed down nearly 21% Thursday as it began trading on New York's Nasdaq.
Grab went public by merging with a special-purpose acquisition company, or SPAC. The deal — in which Grab raised $4.5 billion, and was valued at nearly $40 billion — was the biggest of its kind on record, according to data provider Dealogic. It's also the largest US market debut by a Southeast Asian company. The previous record was held by an Indonesian satellite company, which raised nearly $1.2 billion in 1994, according to data from Refinitiv.
Second lady Usha Vance and Vice President JD Vance are expecting a baby this summer, the couple announced Tuesday.
Canadians woke up Tuesday to an all-too-familiar troll ripping through their social media feeds. US President Donald Trump shared an image on Truth Social depicting him speaking to European leaders with an AI-generated map in the background, showing the US flag plastered over Canada, Greenland, and Venezuela.
Top Justice Department officials pushed the FBI to investigate political campaigns in Minnesota over whether they illegally benefited from fraud in public service organizations, according to two people familiar with the internal discussions.
A federal judge on Tuesday ripped into Lindsey Halligan, President Donald Trump’s personal choice as the top federal prosecutor in the Eastern District of Virginia, after she used unusually sharp language to push back on the judge’s questioning of her authority, saying the “unnecessary rhetoric” had “a level of vitriol more appropriate for a cable news talk show.”
Mikie Sherrill, the four-term congresswoman and former Navy helicopter pilot who cast her November election in New Jersey as a victory over President Donald Trump’s vision for the country, was inaugurated Tuesday as the state’s 57th governor.
Kathy Ruemmler, now the top lawyer at Goldman Sachs, acted as a key legal adviser to Jeffrey Epstein, new court filings suggest.
The state rested its case against Adrian Gonzales, the former Uvalde school police officer who was first on scene at the Robb Elementary massacre in 2022 but Texas prosecutors say failed to delay or stop the killer.
Republican Rep. Julia Letlow has launched a run for US Senate in Louisiana, taking advantage of President Donald Trump’s endorsement to launch a primary battle against incumbent GOP Sen. Bill Cassidy, a source familiar with the matter said.
It’s been one year of the second Trump administration. In that time, the government has mastered memes. Happy anniversary!
From an explosive sit-down with the leader of war-torn Ukraine to an unexpectedly friendly meeting with a Democratic socialist mayor-elect, the Oval Office has hosted some of the most dramatic moments of President Donald Trump’s first year back in office.
Welts, watery eyes, temporary blindness: Zoom in on crowd control tactics used against protesters
Before the stealth bombers streaked through the Middle Eastern night, or the missiles rained down on suspected terrorists in Africa, or commandos snatched a South American president from his bedroom, or the icy slopes of Greenland braced for the threat of invasion, there was an idea at the White House.
The Supreme Court will hear arguments Tuesday over a Hawaii law that bars people from carrying guns onto private property without the explicit approval of the property owner, a measure intended to reduce guns in retail stores and other businesses open to the public.