LATEST MARKET NEWS
- The Wall Street Journal: China’s Ant Group gets final approval for giant IPOon October 22, 2020 at 3:40 am
Chinese financial technology giant Ant Group Co. said investors in mainland China have committed to purchasing more than a third of the shares it plans to sell in a pair of blockbuster initial public offerings, as the company prepares to raise tens of billions of dollars for its long-awaited market debuts.
- : McAfee prices IPO at $20 a shareon October 22, 2020 at 3:09 am
McAfee Corp. announced Wednesday night its initial public offering will be priced at $20 a share, to raise around $740 million.
- MarketWatch First Take: Tesla plays smoke and mirrors with profits againon October 22, 2020 at 1:24 am
Tesla Inc. Chief Executive Elon Musk called the electric car maker’s third quarter its best quarter ever, but investors should also take into account the fact that the quarter was buoyed by $397 million in regulatory credits.
- : Airbnb to collaborate with former Apple design chief Jony Iveon October 22, 2020 at 12:57 am
Airbnb is teaming up with legendary former Apple Inc. design chief Jony Ive to develop new products and services.
- : Here’s how Disney lost Shonda Rhimes to Netflix over a Disneyland passon October 21, 2020 at 11:54 pm
In an interview published Wednesday by the Hollywood Reporter, Rhimes described the circumstances that led to her stunning defection from ABC to Netflix Inc. in 2017.
- : Tesla stock higher after ‘best quarter’ ever for the Silicon Valley car makeron October 21, 2020 at 11:08 pm
Tesla Inc. stock rose in the extended session Wednesday after the Silicon Valley car maker reported a fifth straight quarter of profit and sales rose 40%.
- The Ratings Game: Snap roars 28% higher to record $50 billion valuation, brings Twitter and Facebook along for the rideon October 21, 2020 at 10:39 pm
Snap Inc. shares jumped nearly 30% Wednesday and hit all-time highs that pushed the Snapchat parent company’s valuation to more than $50 billion for the first time.
- The Margin: ‘Borat’ sequel’s debut is an Election 2020 plot twist you didn’t see coming, as Trump lawyer Rudy Giuliani features in compromising sceneon October 21, 2020 at 10:27 pm
The virtual ink isn’t even dry on Jeffrey Toobin and his cringey Zoom incident, and we’re already on to Rudy Giuliani’s icky appearance in Amazon’s upcoming “Borat” sequel.