There’s nothing like a moribund IPO market to create a pleasant backdrop for a bull run. We’ve had some small biotech deals and the usual SPAC junk. But nothing big, seemingly for ages. Until Reddit. Its initial public offering — which will probably come at a $7 billion valuation and an odd price tag of … Read more
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images When prosecutors announced the plea deal late last week of Shamoon Rafiq, who ran a $10 million scheme that duped investors into buying into pre-IPO tech companies like … Read more
Can’t stop won’t stop? OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into retail earnings hell â a period where too many retailers report all at once and the comparisons become odiously confusing, starting with Walmart and Home … Read more
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company’s board of directors. Tan has been leading the semiconductor giant since 2006, giving him extensive international experience working in computing infrastructure technology. Meta is investing … Read more
1. Record run Here are the most important news items that investors need to start their trading day: The S&P 500 closed above 5,000 on Friday for the first time as U.S. stocks continued their steady climb. The S&P, Dow Jones Industrial Average and Nasdaq have all risen for five straight weeks. A slate of … Read more
Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according to federal lobbying disclosures analyzed by OpenSecrets on behalf of CNBC. The spike in AI lobbying comes amid growing calls for AI regulation and the … Read more
Apple Vision Pro Todd Haselton | CNBC It’s night. I’m at a lake near Oregon’s Mount Hood, sitting on the beach. Jazz music is playing as I write. I’m not in the real world. Well, I sort of am. I’m wearing Apple’s new Vision Pro headset, which looks like a fancy pair of glowing ski … Read more
Worries over the prospect of elevated interest rates for a longer time horizon linger on investors’ minds, even as stocks reach fresh highs. Nonetheless, analysts remain focused on the bigger picture and are bullish on stocks that offer attractive long-term growth prospects. Investors can weigh the recommendations of Wall Street’s top analysts as they pick … Read more
Scott Olson | Getty Images News | Getty Images There will be no fooling California fast-food workers come April 1. That’s the day they can honestly believe the minimum wage in the Golden State will jump to $20 an hour from $16, and only in that sector. The pay raise exclusive for that workforce, estimated … Read more
