Luckin Coffee Inc. News
Luckin Coffee Files For Chapter 15 Bankruptcy, Capping 'Fake Sales' Scandal
Luckin Coffee, once a startup rival to Starbucks in China that has a $12 billion market value on the Nasdaq, filed for Chapter 15 bankruptcy protection in New York Friday.
Luckin Coffee Receives Formal Delisting Notice From Nasdaq; Shares Resume Plunge
Luckin Coffee, an erstwhile China rival to Starbucks that was once valued at $12 billion, is now trading with a market cap of just over $700 million after revealing a 'fake sales' scandal and a delisting notice from Nasdaq.
Baidu Shares Slide Amid Nasdaq Delisting Report; China ADRs Lower As Senate Moves to Tighten Restrictions
Senate lawmakers passed the Holding Foreign Companies Accountable Act late Wednesday, a move that could tighten rules for China-based firms listing on U.S. exchanges.
Luckin Coffee Shares Plunge Following Nasdaq De-Listing Notice For Scandal-Hit Starbucks Rival
Luckin Coffee, an erstwhile China rival to Starbucks that was once valued at $12 billion, is now trading with a market cap of just $700 million after revealing a 'fake sales' scandal earlier last month.
Luckin Receives Nasdaq Delisting Notice and Will Request Hearing
Luckin Coffee received a notice of delisting from Nasdaq and will request a hearing to discuss the matter with the exchange.
Luckin Coffee Fires CEO Amid 'Fake Sales' Scandal Probe At Starbucks Rival
Luckin Coffee said recent evidence "sheds more light on the fabricated transactions" it reported last month.
Starbucks Shares Gain as Coffee Giant Says Most U.S. Stores Will Reopen This Week
Starbucks will use its experience in China, where 98% of stores have re-opened after coronavirus lockdowns, to get its US company-owned locations back up-and-running.
Luckin Coffee Office Raided as China Regulators Probe Fraud at Starbucks Rival
Luckin said earlier this month that more than $300 million in sales may have been fabricated last year, triggering a plunge in shares and investigations in the U.S. and China.
iQiyi Has a New Short-Seller - What Do the Charts Say About the Stock?
iQiyi has a new short-seller involved in the name, but will the stock suffer the same fate as Luckin Coffee?
TAL Education Plunges in After-Hours on Sales Fraud Disclosure
Chinese education company slump comes just days after Luckin Coffee implosion.
Illumina's Singapore Tax Holiday is About to Expire
The DNA sequencing giant generated over 10% of its diluted earnings per share in 2021 from a tax holiday.
Oil Volatility Returns, Pushing Gasoline Prices Higher
The 14-week decline in gasoline prices ended while two million people in Florida are still without power.
New Electric Vehicle Beats Tesla When it Comes to the Environment
A new EV would radically change how cars are made and that could be a threat to the market leader.
House Prices Fall as Rate Hikes Push Buyers to Sidelines
Soaring mortgage rates and elevated home prices have deterred buyers, forcing sellers to lower their expectations.