Levi Strauss IPO opens strong amid denim celebration
Levi Strauss & Co public offering debuts with a 31 percent rise on debut trading at 22.90, after pricing at 17, surpassing expectations. The NYSE suspends its no jeans policy to mark the event as Levi traces a comeback under Bergh amid competition. The piece notes the Dockers and Denizen brands, Haas family history, and a shift in retail.
MENTIONED IN THIS ARTICLE
New York
Levi Strauss & Co
America
LEVI
New York Stock Exchange
Haas
Bergh
CFPB head reverses advisory board changes
Kathy Kraninger, new head of the CFPB, reverses Mulvaney era moves by lengthening advisory board terms to two years and expanding in person meetings from two to three annually. She restored process, while keeping focus on consumer protection and potential payday lending rule repeal.
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Boeing
Ethiopia
New York
Consumer Financial Protection Bureau
CFPB
Kathy Kraninger
Consumer Advisory Board
Mick Mulvaney
Donald Trump
Congress
Federal Reserve
Bureau
Mulvaney
Kroninger
Chi Chi Wu
National Consumer Law Center
Kathy Kroninger
House Financial Services Committee
Capitol Hill
Washington
J. Scott Applewhite
Associated Press
Stocks rally amid Fed pause to reach five month high
U S equities hit a five month high as investors welcomed a dovish Fed stance and a rate hold. Technology and real estate led gains while bonds steadied and the dollar rebounded after a four day slide. Brazil’s Temer arrest and Brexit extension talk added global risk factors.
MENTIONED IN THIS ARTICLE
U.S
West Texas
Federal Reserve
Fed
Hank Smith
Cohief
Haverford Trust
Brazil
Ihovespa
Michel Temer
Sterling
Theresa May
Bank of England
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Bloomberg
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