Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandals

NEW YORK — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.

Birkenstock is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol. Birkenstock Holding Ltd. sold about 10.8 million shares in the offering, raising about $495 million. Its shareholders sold an additional 21.5 million shares. This is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock. The post Buy 282 Shares of This Super Dividend Stock for $1,000/Year in Passive Income appeared first on The Motley Fool Canada.Telecom stocks now look oversold. The post 2 Top Telecommunication Stocks to Buy on the TSX Today appeared first on The Motley Fool Canada.

HONG KONG — Chinese property developer Country Garden warned Tuesday that it cannot repay on time a 470 million Hong Kong dollar loan in the latest sign of distress after Beijing clamped down on mounting debts in the industry. The company said in a filing to the Hong Kong Stock Exchange that it “expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods,” including U.S. dollar notes the firm has issued.

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Stock market today: Wall Street points higher on hints that interest rate hikes may abateWall Street is following global markets higher before Tuesday's opening bell on some potentially encouraging news about interest rates, which have been dragging markets lower since the summer.
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Stock market today: Wall Street rallies as pressure relaxes from the bond marketU.S. stocks are rallying Tuesday as pressure on Wall Street from the bond market comes off the boil.
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Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
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