(Reuters) -Shares of digital marketing firm Ibotta soared 33% on their debut on the New York Stock Exchange on Thursday, giving the Walmart-backed company a market valuation of $3.55 billion. Ibotta sold 6.6 million shares at $88 apiece in its initial public offering (IPO), raising $577.3 million. Ibotta's stellar listing follows successful debuts by social media platform Reddit and chip firm Astera Labs.
In this article, we attempt to answer the question that's been plaguing the Denver Nuggets all season: is their bench good enough for them to repeat as champions?
Future, Metro Boomin and Kendrick Lamar are running it back on top of the Billboard Hot 100 with “Like That.” The WE DON’T TRUST YOU single held off Beyoncé’s resurgence up the chart with “Texas Hold ‘Em,” which went from No. 11 to No. 2. Additional Beyoncé singles in the top 10 are “II Most […] The post Future, Metro Boomin, and Kendrick Lamar Go Back to Back on Top of Hot 100 with “Like That” first appeared on The Source.
After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin Overtakes Cardano in Market Cap Over the past year, bitcoin (BTC) has increased by 148.4% and ethereum (ETH) by 93.9%, […]
Clocks losing an hour in spring significantly affects how investors respond to companies that reveal unexpected levels of earnings, research shows.
You can follow the latest throughout the day on The Journal’s liveblog.
After a surprisingly strong set of monthly jobs data, analysts will be watching the latest figures for confirmation of a trend. A hot labour market points to resilience in the economy and the possibility of lingering price pressures at critical juncture in the Reserve Bank’s fight against inflation. Ahead of the Australian Bureau of Statistics’ […]
After the major indexes pulled back on Wednesday, CNBC's Jim Cramer explained what might cause the market to continue to decline.
Many investors are diversifying their portfolios from standard stocks and bonds as March's inflation surge casts doubt on economy-boosting rate cuts from the Federal Reserve happening this year, according to Reuters. The consumer price index increased to 3.5 percent year-over-year in March, up from 3.2 percent in February and far from the Fed's 2 percent target. Markets prior to March’s inflation report anticipated a few rate cuts this year, leading investors to buy up stock in anticipation...
Samsung is expected to record its highest earnings in over a year in its latest quarter on the back of recovering demand for chips.The South Korean tech giant said on Friday in its preliminary earnings guidance for the first quarter of 2024 that it expected 71 trillion won in revenue and 6.6 trillion won in operating profit, an increase of 11% and 931%, respectively, from a year earlier.It marks a return to form for Samsung, which saw its operating profit nosedive to 640 billion won in the first...
Beyond Meat (BYND -3.91%) went from new industry darling to beaten-down
From textile waste to microplastics, the industry is broken. But with Fashion Revolution Week starting today, we ask sustainability experts for some positive news• Don’t get Fashion Statement delivered to your inbox? Sign up hereAt times it is incredibly hard to be optimistic about the fashion industry, with its £1 bikinis and £0 boots. Fashion is the world’s second-largest industrial polluter, accounting for 10% of carbon emissions. Microscopic fibres from synthetic clothing are now found in...