© Reuters. FILE PHOTO: Former U.S. president Donald Trump holds a rally in Youngstown, Ohio, U.S., September 17, 2022. REUTERS/Gaelen Morse/File Photo (Reuters) – Patrick Orlando, the head of the blank-check acquisition firm that has agreed to take Donald Trump’s social media company public, on Friday urged Donald Trump and Trump Media boss Devin Nunes...
Jan Hetfleisch Intel (NASDAQ:INTC) self-driving unit Mobileye Global has filed for an initial public offering of its class A common shares. The news comes after a drastic cut to the expected valuation for the unit, to about $30B from a previously hoped-for $50B. It’s also happening during a weak week for the stock market. Intel...
Technical analysts often scoff at the notion that a 20% decline marks a bear market. However, a look back shows that further losses are certainly possible after a 20% decline. Over the last 25 years, the last two bear markets started with declines in excess of 20% and the S&P 500 lost another 12% after...
We had been skeptical about extrapolating too much from FedEx’s FDX downbeat quarterly numbers as we see a big part of the problems as FedEx specific. But FedEx is hardly alone in pointing towards a cloudier horizon. We don’t typically associate Nike NKE with management and operational missteps, but we just heard them tell us...
DariaRen Curative Biotechnology (OTCPK:CUBT) has filed to uplist its shares to NYSE American and hold a proposed $8M initial public offering. The biotech company said in a filing that it’s looking to offer 1.6M shares for the assumer price of $5.15 per share. Underwriters would be offered a 45-day option to buy up to 233K...
© Reuters Cowen sees an Attractive Long Case for Illumina (ILMN) By Sam Boughedda Discussing the launch of Illumina’s (NASDAQ:) NovaSeq™ X Series, new production-scale sequencers, Cowen analysts said the firm’s Key Opinion Leader (KOL), Dr. Chris Mason of Weill Cornell, “was “quite positive on the new NovaSeq X/X Plus.” “He’s a longtime bull on...
2d illustrations and photos/iStock via Getty Images Newly public EV maker Atlis Motor Vehicles (NASDAQ:AMV) shares sank 22% in midday trading Friday as the stock continued its decline following a spectacular Nasdaq listing earlier this week. Shares of Atlis opened at $35.97, reaching a high of $37.20 mid-morning before sliding to a low of $25.94...
On this week’s edition of Moxie Indicator Minutes, TG discusses how the market is at a very difficult spot to interpret right now. On one side, things are stretched and there is enough bearish kindling to set off a short squeeze. On the other, what reason do people have to buy and drive the market...
By Marc Sellouk, Founder and CEO of Flewber Aviation: noun; the operation of an aircraftInnovation: noun; a new idea, method, or device; the introduction of something new These two simple words can be found on countless grade school spelling tests across the country. But if you’re a business or leisure traveler, you probably haven’t heard these...
designer491 Asset management firm CaliberCos (CWD) has filed for a proposed $9M initial public offering. The firm, which specializes in middle-market asset investments, plans to offer 1.6M Class A shares priced between $5 and $6 per share, which would raise around $9M if priced at the midpoint. Underwriters would receive a 45-day option to buy...