Guzman y Gomez will be publicly listed on the stock exchange next month in an effort to raise more than $200 million to rapidly expand across the country.
New York Stock Exchange officials have blamed a "manual error" for the massive price swings and trading halt of hundreds of company stocks that punctuated Tuesday's market open.
The fortune of the world's richest family tumbled by US$11.4 billion ($16.4 billion) after US retail giant Walmart cut its earnings forecast for the second time this year.
Stocks closed broadly lower on Wall Street Thursday as JPMorgan Chase opened the latest round of corporate earnings for big banks with weak results and a warning about the economy.
Wall Street tumbled into what's called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 per cent below its record set early this year.
The stock prices of a number of prominent US firearm manufacturers have risen in the days following the mass school shooting in Texas that has since claimed the lives of 19 children and two teachers.
Social media stocks on Wall Street shed a staggering $US165 billion ($233 billion) in one day's trade following an ominous earnings warning from Snapchat's parent company.
According to Bloomberg, the only top 10 rich-lister who has grown their wealth in 2022 is Buffett, whose personal net worth is up by $US 4.46 billion ($6.36 billion).
The Australian share market has closed down 39.6 points or 0.5 per cent as investors keep a close eye on the development of the new Omicron COVID-19 variant.
Hype around bitcoin is building again, with a financial tool that could boost public exposure to the digital currency poised to make its debut this week.
The erratic trading in shares of underdog companies like GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high.
The Australian stock market is lifting sharply in early trade, following the lead of Wall Street hours after Joe Biden was inaugurated as the country's 46th president.