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Reddit IPO prices at top of range, valuing company at $6.5 billion. (Photo: Brendan McDermid | Reuters)

2 min read

Investing & Markets U.S.

Reddit goes public raises $519 million in its NYSE debut

Post Date 03/21/2024

Reddit, the venerable online forum site where memes are born and debates rage, has finally taken its stock public. The company’s IPO, priced at $34 [more…]

Saudi Arabia's PIF and Andreessen Horowitz in talks to form a $40 billion A.I. investment fund. (Photo: Andressen Horowitz)

2 min read

Saudi Arabia’s PIF and Andreessen Horowitz reportedly in talks for $40 billion A.I. fund

Post Date 03/20/2024

In a groundbreaking move, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in discussions with Andreessen Horowitz, a prominent American venture [more…]

Ukraine drone attack targets Russian oil facilities. (Photo: Euro News)

3 min read

China Investing & Markets Iraq Russia Saudi Arabia U.S. Ukraine

Oil prices reach four-month high on supply disruptions and economic growth signs

Post Date 03/18/2024

In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]

HelloFresh shares plummet 42% after disappointing 2024 outlook. (Photo: Wellfound)

2 min read

Germany Investing & Markets U.S.

HelloFresh stock dives on gloomy 2024 forecast

Post Date 03/08/2024

HelloFresh, the once-heralded recipe box delivery company, experienced a staggering 42% drop in its share price on Friday morning, marking its worst trading session ever. [more…]

Foot Locker faces investor scrutiny as shares plummet 30% following holiday-quarter loss. (Photo: Retail TouchPoints)

2 min read

Investing & Markets U.S.

Foot Locker shares take a tumble

Post Date 03/06/2024

Foot Locker, the popular sneaker retailer, experienced a significant setback as its shares plummeted by approximately 30% following the release of its holiday-quarter financial results. [more…]

Oil futures slide for second day as market digests China's economic targets and OPEC+ extension. (Photo: World Oil)

2 min read

China Investing & Markets Saudi Arabia U.S.

Crude oil prices dip despite China’s growth plans and OPEC+ cuts

Post Date 03/05/2024

In a twist of market dynamics, crude oil futures experienced a slight downturn for the second consecutive day on Tuesday. Despite China’s optimistic pledge to [more…]

Investor optimism peaks as cryptocurrency prices skyrocket, ETFs see record inflows. (Photo: Jesi Stevens)

2 min read

China Hong Kong Investing & Markets Japan U.S.

Bitcoin and Ether soar in February surge, setting stage for halving-driven rally

Post Date 02/29/2024

Cryptocurrency prices surged on Thursday as bitcoin and ether headed for a successful month, reflecting renewed investor interest and market optimism. According to Coin Metrics, [more…]

Berkshire Hathaway's record cash reserves and insurance gains propel shares higher. (Photo: Scott Morgan | Reuters)

2 min read

Investing & Markets U.S.

Berkshire Hathaway surges on strong earnings, Warren Buffett cautions on future growth

Post Date 02/26/2024

Shares of Berkshire Hathaway surged on Monday following the release of its impressive fourth-quarter earnings report. The conglomerate, led by legendary investor Warren Buffett, reported [more…]

Carvana shifts into high gear with first annual profit. (Photo: Joe Raedle | Getty Images)

2 min read

Investing & Markets U.S.

Carvana drives past expectations, slashes debt and posts first annual profit

Post Date 02/23/2024

Carvana went into overdrive on Friday, shares surging nearly 40% after the online used-car retailer hit a major milestone, posting its first annual profit. This [more…]