WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the trading on the company’s warrants would be halted after the NYSE determined they had reached “abnormally low” prices. “The Company...
Investor confidence in First Republic Bank has reportedly picked up. The bank’s stock rose as much as 14% in pre-market trading in New York after having fallen 95% this year following the collapse of three other regional banks, Bloomberg reported Friday (April 28). Bloomberg attributed...
Marqeta stock dipped 4.2% Monday morning (April 3) after being downgraded by Morgan Stanley. The stock of the provider of card issuing and payment solutions was shifted from Overweight to Equal-weight by the investment bank and wealth management firm, Seeking Alpha reported Monday. Marqeta did...
Amid earnings season, artificial intelligence was top of investors’ minds. And as a result, the CE 100 Index gained 2.5% through the week. The Enablers group surged 4.5%, as all but one pillar — the Live pillar — gained ground. AI Enthusiasm C3.ai shares rallied...
Leisure and travel names showed serious stock market gains this past week. The CE 100 Index gained 2% last week — driven by the “Have Fun” pillar, which led advancing issues — as earnings season continued to dominate headlines and investor sentiment. And, as measured...
The earnings cavalcade continues. For the FinTech IPO Index, gainers battled declining stocks to a draw. The overall Index inched up 1.2% through the past five sessions. February is shaping up to be a decent month, up roughly 6%, and the year-to-date performance stands at...
The CE 100 Index slipped in a week dominated by earnings, retracing gains made earlier in the month. The Index was down 4.5% overall, yet still has made a strong showing thus far in 2023, up more than 15.6% year to date through Feb. 10. ...
In the past week, three of the biggest gainers in financial stocks have been Chinese FinTechs, boosted by an agreement that gives U.S. authorities access to audit the companies. Seeking Alpha reported Saturday (Aug. 27) that Futu Holdings was up 21% this week, with 360...
B2B travel platform American Express Global Business Travel will begin its life as a public company Tuesday (May 31) after the three-day Memorial Day weekend, joining the New York Stock Exchange under the ticker symbol GBTG, according to a company press release Friday (May 27)....
