Pinterest shares dipped a little over 1% in pre-market trading Monday (Oct. 9). This happened despite Wells Fargo adding the social media site to its Signature Picks portfolio, Seeking Alpha reported Monday. The decline in the price of Pinterest’s stock comes during a three-month period...
With the competitive environment for fast-casual chains looking for investors growing more crowded, other brands appear to be suffering from Cava’s success. The fast-casual Mediterranean chain announced its initial public offering (IPO) after markets closed Wednesday (June 14), pricing its 14.4 million shares at $22,...
One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30). By Wednesday morning (May 31), they were down about 4%. But year-to-date, they’ve rallied more than 180%. There are any...
Goldman Sachs Group will be cutting fewer than 250 jobs across a range of roles. The move could be made within weeks and is the third round of cuts at the company since September 2022, The Wall Street Journal (WSJ) reported Tuesday (May 30). A source familiar...
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among builders in the market for newly constructed single-family homes rising two points this month to...
It’s been a dry year for initial public offering (IPO) volume around the world. But while most stock markets have experienced a decline in both the volume and average value of IPOs so far in 2022, the Gulf Cooperation Council (GCC) region stands out as...
The median price of an existing U.S. home jumped 14.8% year over year in May to a record-setting $407,600, even as higher mortgage interest rates continue to add complexity to the market for buyers, according to a report in The Wall Street Journal Tuesday (June...
Carsome Group is putting off plans to dual list as a publicly traded company on exchanges in the United States and Singapore because executives are concerned a decline in global financial conditions could reduce valuations for the used-car marketplace, Bloomberg reported Tuesday (June 21). Carsome,...
As ultrafast grocers’ challenges continue, leading players around the world are beginning rounds of major layoffs. Turkey-based ultrafast grocer Getir, for one, is planning to lay off 14% of the staff at its global headquarters, according to a company memo published by TechCrunch on Wednesday...
