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
Popcorn buckets are pictured during the “Taylor Swift: The Eras Tour” concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. Valerie Macon | AFP | Getty Images Move over Nicole Kidman. AMC has some new patron saints. In the final three months of 2023, AMC saw revenue increase by … Read more
Arc Boat Company’s fully electric Arc Sport model gets four to six hours of typical use on a single charge. Arc Boat Company Arc Boat Company began sales of its second electric boat model in just three years this week. The new $258,000 Arc Sport was designed for wake sports enthusiasts and follows the company’s … Read more
Lyft CEO David Risher took responsibility for the major error that appeared in the company’s fourth-quarter earnings release late Tuesday, telling CNBC’s “Squawk Box” that it’s “super frustrating” for everyone on the team. Shares of the ride-sharing company soared more than 60% after the report first came out because the press release said Lyft would … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible. Here’s Tuesday’s edition. A healthy break: … Read more
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the release included a major error. … 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
My top 10 things to watch Monday, Jan. 22 1. This is a big week for the markets. As I wrote in my Sunday column , we will find out what it is that will propel stocks forward — or in reverse — following the S & P 500’s new record high on Friday. A … Read more
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, … Read more
DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
