Tag Archives: Surge

SoftBank-backed Indian hotel chain Oyo Hotels on Friday filed for a public offering, just two days after trendy eyeglass unicorn Warby Parker (WRBY) went public on the New York Stock Exchange. The flurry of activity has become commonplace during a record-breaking surge of IPOs this year that’s seen buzzy offerings from the likes of Robinhood (HOOD), Coinbase (COIN), and 23andMe (ME). In a new interview, Suzanne Shank — president and CEO of investment bank Siebert Williams Shank — said the… Source link

2021 is looking uncomfortably like 2020. Poets&Quants has learned that Harvard Business School is going back to remote instruction for all first-year MBA students courses after a “steady rise in breakthrough infections” among students. The move is effective this week, September 27 to October 3. Some second-year courses also will be taught remotely this week, the school announced. “In recent days, we’ve seen a steady rise in breakthrough infections among our student population, despite… Source link

(Bloomberg) — The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. Most Read from Bloomberg A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm… Source link

Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy.  During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum. With COVID-19 deaths and… Source link

Restaurants walloped by COVID-19 have suffered a silent epidemic of financial woes among an unlikely segment: Franchise eateries. The pandemic’s impact on the food industry has been well chronicled, with many having to shutter, drastically cut staffing and hours, or resort to other desperate measures just to stay afloat. However, some experts say franchises — third party operators licensed by larger brands — are just as vulnerable to closure and operational struggles, like food and… Source link

Home price growth in the U.S. continued to heat up in June, setting a new record — yet again. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 18.6% annual gain in June, up from 16.8% in May — the highest rate in more than 30 years of data. It is the 13th consecutive month of accelerating prices and the third straight month in which the growth rate of housing prices set a record. The 20-City Composite posted a 19.1% annual gain, up… Source link

(Bloomberg) — Vinco Ventures Inc. and Support.com Inc. surged, and are on track to extend rallies fueled by retail investors in chatrooms like StockTwits and on Reddit. The pair of stocks jumped more than 50% each when the market opened in New York, extending gains from last week, when Vinco Ventures more than doubled and Support.com almost tripled. The rallies came as individual investors attempted to pump their bets on Twitter, Reddit’s WallStreetBets and chatrooms on… Source link

The U.S. withdrawal from Afghanistan could make terrorist attacks inside the U.S. and abroad more likely, according to an intelligence report distributed yesterday to government and law enforcement agencies. “We assess domestic and foreign violent extremists probably are attempting to exploit the US withdrawal from and deteriorating security situation in Afghanistan to inspire attacks and recruit like-minded extremists online,” reads the Department of Homeland Security report, dated Aug…. Source link

(Bloomberg) — A basket of so-called meme stocks is surging, fueled by afternoon rallies for GameStop Corp. and AMC Entertainment Holdings Inc. The group of 37 retail-trader favorites tracked by Bloomberg soared 10% Tuesday, the most since early June, as trading volumes accelerated. GameStop and AMC, two of the most closely-followed meme stocks, surged 28% and 20% respectively. The afternoon rally caught most analysts by surprise as investors await insights from Federal Reserve Chairman Jerome… Source link

Hospitals in the U.S. South have quickly become overwhelmed with COVID-19 patients as cases continue climbing amid the surge of the Delta variant of coronavirus. And while there are indications that Delta transmission tends to subside after around 50 days, some health professionals see things getting worse before getting better. “We’ve seen it pick up with children, young adults, young women, pregnant women, unfortunately,” Dr. Ellen Eaton, assistant professor at the University of… Source link