Reuters

(Reuters) - Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion.

Shares opened at $27 per share compared with the initial public offering (IPO) price of $19.56 per share.

The Chinese restaurant brand on Thursday raised $52.7 million by selling nearly 2.7 million American Depositary Shares.

After two dismal years, the U.S.... (continue reading...)

(Reuters) - A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround.

The company has awarded Peretti options to purchase 414,000 shares of its Class A common stock. About 40% of that is intended to approximate a reduction in his annual base salary to $115,000 from $325,000. The stock options have... (continue reading...)

WASHINGTON (Reuters) - President Joe Biden on Friday launched a fresh bid to bolster support from African-American voters, looking to seal up cracks in the Democratic coalition that carried him to victory over Republican Donald Trump in 2020.

Biden visited the popular African-American museum in downtown Washington and greeted his audience by declaring, "Black history is American history."

(Reporting by Nandita Bose and... (continue reading...)

(Reuters) -Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working from home, a Fed spokesperson said in an emailed statement.

"Chair Powell tested positive for COVID-19 late yesterday and is experiencing symptoms." He is working from home and staying away from others, the statement said, as per guidance from the U.S. Centers for Disease Control and Prevention.

The announcement follows a trip to... (continue reading...)

(Reuters) - Cloud cover and rain showers over the next few days are set to help crews battling a large wildfire near the Canadian oil sands city of Fort McMurray, Alberta, local authorities said on Friday.

Overnight, the fire stayed about 5.5 km (3.4 miles) from the landfill on the city's southern outskirts where crews are continuing to build a containment line.

The municipal authority of Wood Buffalo, which includes Fort McMurray, said... (continue reading...)