Investing
Is the sharp Friday slide in Trade Desk Inc. shares a buying opportunity — or a sign to be wary of advertising-exposed names this holiday season? Analysts were divided in the wake of the ad-technology company’s September-quarter earnings report, which brought a significantly weaker-than-expected outlook. The guidance miss was uncharacteristic for…
In a strange flashback to the demise of Bed Bath & Beyond Inc., WeWork Inc.’s stock soared on its over-the-counter debut this week, just days after the office sharing company filed for chapter 11 bankruptcy protection. WeWork WEWKQ, +23.02% filed for Chapter 11 in New Jersey on Monday and the beleaguered company’s…
The stock of Cargo Therapeutics CRGX, -3.13%, a clinical-stage biotech specializing in cancer treatments, rose 2.2% in its trading debut on Friday. The deal priced at $15 a share, the low end of the proposed range. The company sold 18.8 million shares to raise $282 million at a valuation of…
Quarterly results from the United States’ largest cannabis company, Curaleaf Holdings Inc., and from Canada’s Canopy Growth Corp. missed analyst estimates, while shares of Trulieve Cannabis Corp., Green Thumb Industries Inc., and TerrAscend Corp. rose on the heels of their financial updates. Curaleaf CURLF, +7.89% said its third-quarter net loss…
Bitcoin could reach a cycle high of as much as $150,000 in 2025, driven by the so-called halving event and institutional inflow brought by bitcoin exchange traded funds, which are expected to be approved soon, according to analysts at AllianceBernstein. The recent ETF optimism has sent the largest crypto BTCUSD,…
Hedging equity exposure with bond investments did not work out as hoped last year. The S&P 500 fell by 19.4% and instead of moving opposite it in response to a flight to safety, the ICE BofA U.S. Bond Market Index declined by 3.8%. As a result of the bond bear…
A biopic based on the life of tech billionaire Elon Musk is in development at film studio A24, according to a new report from Variety. The screenplay will be based partially on Walter Isaacson’s biography of Musk, which came out in September. Isaacson has written several popular books about high-profile…
Week in Review Asian equities were mixed this week, which began with gains in Korea on a short sale ban. Growth stocks and sectors regained some ground early in the week but ended it mostly lower. It was another busy week in economic news as China experienced slight deflation in…
Orange-juice futures posted a drop of nearly 11% for the week on Friday, the largest such percentage decline since late March 2017, just days after settling at their highest price on record. “The weather is good and the hurricane season is almost over,” Jack Scoville, vice president of The Price…
Small-cap stocks haven’t recovered the same way mega-caps have this year, but there are still plentiful success stories in the most volatile area of the market. By Hank Tucker, Forbes Staff The story of the dominant coconut water brand in the U.S. today began at a bar in the Lower…