The dLocal IPO gave it a market valuation near $6 billion with an initial public offering that priced high and jumped as trading began.
Daniel Newman, Futurum Research Principal Analyst joins Yahoo Finance to break down Amazon's Q2 earnings results.
A clinical-trial flop for Annovis Bio is reminding investors that developing new drugs for Alzheimer's disease is an extremely risky business.
Prosecutors said the prototypes didn’t function and were Frankenstein monsters cobbled together from parts from other vehicles.
(Bloomberg) -- Robinhood Markets Inc. wanted to make history with its initial public offering, and now it has -- for the wrong reason.Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg.It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut among qual
Chester Spatt, Carnegie Mellon’s Tepper School of Business Pamela R. and Kenneth B. Dunn Professor of Finance, joined Yahoo Finance Live to break down what investors can expect from Robinhood moving forward following the company's IPO.
Shares of Citrix Systems (NASDAQ: CTXS) plummeted 14.3% through 1:15 p.m. EDT today, after the software-as-a-service (SaaS) provider announced what even it called "mixed" results in its fiscal Q2 2021 financial report. On the one hand, Citrix beat earnings with a report of $1.24 per share (pro forma) earned, where Wall Street had been looking for only $1.19. Citrix's $1.24-per-share pro forma profit vastly overstated the company's profits as calculated according to generally accepted accounting principles (GAAP), which amounted to only $0.50 per share, a year-over-year decline of 44%.
Shares of iron ore mining company and steelmaker Cleveland-Cliffs (NYSE: CLF) closed 5.5% higher on Thursday, buoyed by news that it has bought back from ArcelorMittal (NYSE: MT) all of its Series B Participating Redeemable Preferred Stock. Management described the buyback as "a no-brainer," saying it was "highly accretive" for Cleveland-Cliffs shareholders, in that it will concentrate profits among fewer shares outstanding, shrinking the company's diluted share count by 10% "on a pro forma basis." Now, because Cleveland-Cliffs just finished reporting second-quarter earnings last week, it will be another several months before shareholders see the benefit of this transaction in dollars and cents.
Shares of Nikola tumbled in early trading on Thursday after founder and former chairman Trevor Milton was charged by prosecutors with making false statements to investors in the electric-vehicle startup.
Yahoo Finance’s Brian Sozzi speaks with Diageo CEO, Ivan Menezes, about the company's latest quarter, drinking trends, outlook, and much more.
In this article, we discuss the 15 stocks that will double in 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks that Will Double In 2021. The economy of 2020 was closely linked to the COVID-19 pandemic. However, the vaccine rollout at the turn of the […]
Ford's electric truck ambitions appear to be gaining steam.
There's little question that Nvidia (NASDAQ: NVDA) has been one of the market's star performers in recent years. Over the past three years alone, Nvidia stock has more than tripled -- and that isn't just a recent phenomenon. The stock has grown so quickly in recent years, Nvidia felt compelled to split its shares.
What happened There wasn't any monster, world-shaking news about our current pandemic on Tuesday, so the prices of coronavirus stocks Moderna (NASDAQ: MRNA) and BioNTech (NASDAQ: BNTX) didn't move all that much.
Akiko Fujita joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss the consequences of China’s continued scrutiny towards Didi stock and Uber shares dropping due to Softbank’s plan to sell shares to cover Didi losses.
An escalating crackdown by the Chinese government leaves just one main way for investors to profit from Chinese stocks and ETFs.
Marvell Technology just reached a new high this Thursday. The daily On-Balance-Volume (OBV) line has been creeping higher since the middle of April telling us that buyers are being more aggressive. In this weekly Japanese candlestick chart of MRVL, below, we can see that prices and our favorite indicators are in gear on the upside.
Amazon's $113 billion in revenue fell short of expectations, unnerving investors. But others remain bullish on its cloud and other efforts.
S&P 500 and Dow futures opened slightly higher, while Nasdaq futures sank to track a decline in heavily weighted component Amazon.
Shares of Tesla (NASDAQ: TSLA), the electric car kingpin, soared 5% through 11:30 a.m. EDT Thursday, bouncing back from a post-earnings sell-off in the stock. Beginning with the obvious (and least interesting) reason: This morning, StreetInsider.com reports that analysts at Germany's DZ Bank have upgraded Tesla shares from sell to buy, and more than doubled their price target on the stock, to $750 a share. More interesting than DZ's upgrade are some comments made by Morgan Stanley analyst Adam Jonas this morning.
It's amazing what owning a traditional bank can do to a financial service company's results.