[ad_1] Global stocks, oil and cryptocurrencies fell, as investors grappled with the prospect of higher interest rates and disappointing results from popular consumer tech stocks. Futures tied to the S&P 500 fell 0.4%, pointing to an extension of Thursday’s drop, when the index closed down 1.1%. Nasdaq-100 futures declined 0.7%, suggesting more losses for technology […]
[ad_1] Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different matter. The offering bears some similarity to recent IPOs such as Coinbase Global and Rocket Cos., which made their debut in the midst of crypto and mortgage booms, respectively. Investors had the challenge of […]
[ad_1] NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap a stock market that has proved resilient despite Covid-19. The initial public offerings reflect the maturing of a generation of e-commerce and digital-economy companies, bankers say, many of which have grown rapidly during the […]
[ad_1] Nvidia chips’ parallel-computing capabilities make them better than rivals’ for artificial-intelligence performance and mining cryptocurrencies. Photo: nvidia corp/Reuters The post-pandemic boom in the semiconductor business has powered Nvidia Corp. NVDA -4.25% into the top 10 U.S. public companies, joining the likes of Apple Inc. and JPMorgan Chase & Co. Shares of the Santa Clara, […]
[ad_1] One of the hottest trends in cryptocurrencies is a financial activity that dates back to biblical times: lending money to earn interest. Instead of just waiting for their bitcoin, ether or other digital coins to rise in value, cryptocurrency investors are now actively chasing returns by lending out their crypto holdings or pursuing other […]
[ad_1] HONG KONG—Ant Group Co. is in talks with Chinese state-owned enterprises to create a credit-scoring company that will put the fintech giant’s proprietary consumer data under regulators’ purview, according to people familiar with the matter. The new entity, which could be established as soon as the third quarter of this year, could result in […]
[ad_1] A South Korean company whose app lets users transfer money, take out loans, trade stocks and check their credit scores has raised funds at a valuation of more than $7 billion, making it one of the world’s most valuable financial-technology startups. Viva Republica Inc., which operates the multifunction app Toss, said Wednesday it completed […]
[ad_1] Stock futures are bouncing higher, with markets set to open for trading Monday after the U.S. celebrated its first Juneteenth as a federal holiday. Here’s what we’re watching ahead of the bell. Futures tied to the Dow Jones Industrial Average advanced 0.5% in a choppy trading session early Monday. Contracts linked to the S&P […]
[ad_1] Updated June 14, 2021 8:08 am ET Novavax NVAX 2.31% shares got a shot in the arm from positive results for its Covid-19 vaccine. Bitcoin took another leg higher over the weekend after Elon Musk again took to Twitter. TWTR 0.33% Here’s what we’re watching as Monday’s trading activity heats up. U.S. stock futures […]
[ad_1] Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s TSLA -0.04% bottom line this quarter. Mr. Musk is widely blamed by investors for starting the digital currency’s most punishing slide of the year after announcing on Twitter that Tesla would stop accepting bitcoin as payment for its electric vehicles. He […]