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Stocks

“PubMatic stock opens 26% above IPO price, and keeps rising”

“PubMatic Inc.’s soared out of the gate Wednesday, as the stock opened 25.6% above the initial public offering price. The IPO priced late Tuesday at $20 a share, above the previously expected range of $16 and $18 a share. The… Continue Reading…

Business

“Papa John’s agrees to open 49 new sites as sales surge…”

“The company announced Thursday a deal in which franchisee HB Restaurant Group will open 49 new locations in Philadelphia and southern New Jersey by 2028. It’s one of Papa John’s biggest such deals in two decades. HB Restaurant Group currently… Continue Reading…

Business, Economy

“Manufacturers show faint signs of revival in May as economy slowly reopens, ISM finds”

“ISM manufacturing index climbs to 43.1% in May from 41.5%… The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic… Continue Reading…

Economy

“…Trump unveils plan to reopen states in phases”

“As Covid-19 continues to spread across the US, President Donald Trump has given governors guidance on reopening state economies in the coming months. The guidelines for “Opening up America Again” outline three phases for states to gradually ease their lockdowns.… Continue Reading…

Economy

“U.S. Economy Likely to Reopen in May…”

“A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current… Continue Reading…

Investing, Stocks

“Stocks open lower as jump in oil prices rattles investors”

“Stocks opened lower Monday, after oil prices jumped sharply in the wake of a weekend attack on Saudi Arabia’s largest oil facilities knocked out more than half of the kingdom’s production. The Dow Jones Industrial Average DJIA, -0.32% fell 97.22 points, or 0.4%,… Continue Reading…

Stocks

“5 things to know before the stock market opens Monday”

“1. Dow set to fall as oil spikes on the Saudi attacks…2. Spiking oil likely won’t derail sweet spot for stocks…3. Trump says US ‘locked and loaded’ after Saudi strikes…4. Aramco works to get production back online…5. Union workers at… Continue Reading…

Economy, Investing, Stocks

“Stocks open higher as bank shares rally, Trump-Xi meeting ahead”

“Stocks opened higher on Friday as bank shares got a boost after the release of the Federal Reserve’s stress test results while investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. The Dow… Continue Reading…

Business, Economy

“Fed holds rates steady, but opens the door for a rate cut in the future”

“A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could… Continue Reading…

Business, Investing

Sears On the Rebound?

‘After closing hundreds of locations in recent years, Sears plans to open three smaller stores in May in an attempt to reclaim shoppers by selling tools, appliances and other hard goods.” https://www.wsj.com/articles/sears-after-years-of-closures-is-opening-stores-again-11554379761 There seems to be some light at the… Continue Reading…