U.S. President Joe Biden gestures as he delivers remarks on the bipartisan infrastructure deal in the East Room of the White House in Washington, U.S., June 24, 2021. Kevin Lemarque | Reuters President Joe Biden said Thursday that Covid deaths in the United States will continue to rise due to the spread of the “dangerous” delta variant, calling it a …
Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Every year, tech investment firm Index Ventures sends out a survey to the 400 or so companies in its portfolio to see what technologies are gaining the most traction. About six years ago, an open source product called Apache Kafka emerged …
A House committee passed a series of sweeping antitrust reforms Thursday after roughly 23 hours of debate. While the advancement of the six tech-focused bills considered by the House Judiciary Committee beginning Wednesday is a victory for the bipartisan members who introduced them, the markup surfaced rifts within parties that could ultimately hamper their ability to become law. Several lawmakers …
The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said all 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. Bank shares popped after the release; the …
Cathy Wood Crystal Mercedes | CNBC After a tumultuous first half of 2021, Cathie Wood’s flagship fund — ARK Innovation — just went positive for the year as investors begin to give growth names a nod. The largest actively managed ETF rose about 1.5% on Thursday, bringing its year-to-date gain to just shy of 1%. The innovation fund has rallied …
If stocks appear richly valued after a strong first half of 2021, investors can look to some of Wall Street's favored stocks that are cheap relative to history. Source link
Doximity, the company that describes itself as the LinkedIn for doctors, jumped 69% in its stock market debut on Thursday after raising close to $500 million in its IPO. Doximity sold 19 million shares for $26 a piece Wednesday night, above its projected range of $20 to $23, and an existing investor sold another 4.3 million. The offering valued the …
Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters Investors should keep buying shares of Nike, Wall Street analysts said, ahead of the company’s fourth-quarter earnings report on Thursday after the bell. Shares of the company are up 3.5% since March 25, about the time when Nike and other brands …
Former New York City Mayor Rudy Giuliani, personal attorney to U.S. President Donald Trump, speaks in Philadelphia, Pennsylvania, November 7, 2020. Eduardo Munoz | Reuters A New York court on Thursday suspended Rudy Giuliani from practicing law in New York state due to making “false and misleading statements” about the election loss of former President Donald Trump, his client. The …
A logo outside the Google Store Chelsea in New York, May 28, 2021. Victor J. Blue | Bloomberg | Getty Images Google is pushing back its timeline to deprecate third-party tracking cookies from 2022 to 2023, giving the digital advertising industry more time to plan for more privacy-conscious targeted ads. Cookies are small pieces of code that websites deliver to …
