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Explanation: Wall Street’s Market Troubles and Consequences

NEW YORK, Jan 24 (Reuters) – The New York Stock Exchange (NYSE) suffered a technical glitch at the opening of trading on Tuesday that caused more than 80 stocks to be halted for several minutes, creating confusion among traders about which orders were filled and where stocks traded and going back to the “flash crash” …

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Bain Capital explores Virgin Australia IPO as aviation market improves

SYDNEY, Jan 16 (Reuters) – Bain Capital said on Monday it is looking to relist airline Virgin Australia in a move that will come as the local aviation market rebounds strongly from pandemic lows. The listing of Australia’s second-largest carrier is likely to be one of the country’s biggest initial public offerings (IPOs) in 2023, …

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Gucci hits the runway as the fashion world awaits a new designer

PARIS/MILAN, Jan 13 (Reuters) – Gucci kicked off Milan Fashion Week on Friday with a range of casual, androgynous menswear styles, pushing ahead with its latest collection as the industry waits for owner Kering ( PRTP.PA ) to indicate new designer for the label. French luxury group Kering is under pressure to quickly find a …

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