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Business

“Nvidia passes Apple in market cap as second-most valuable public U.S. company”

“Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. At market close, Nvidia had a market value of $3.019 trillion, versus Apple’s, which stood at $2.99 trillion. Microsoft is the most valuable publicly traded company,… Continue Reading…

Business

“SEC adopts landmark climate rule — here’s what that means for public companies”

“For the first time, US public companies will be required to tell investors about their exposure to climate risks and greenhouse gas emissions. On Wednesday, the Securities and Exchange Commission approved requiring US-listed companies to communicate how they are managing material risks… Continue Reading…

Business

“Mickey Mouse, Long a Symbol in Copyright Wars, to Enter Public Domain: ‘It’s Finally Happening’”

“…Mickey and Minnie will enter the public domain on Jan. 1. From then on, Disney will no longer enjoy an exclusive copyright over the earliest versions of the characters. Underground cartoonists, filmmakers, novelists, songwriters — whoever — will be free… Continue Reading…

Banking, Economy

“Developing nations spent record $443.5 billion on public debt in 2022, World Bank says”

“Developing countries paid a record $443.5 billion in 2022 to service their public debt as global interest rates surged, according to the World Bank… The cost of servicing debt for the world’s 24 poorest nations could surge by as much… Continue Reading…

Banking

“BlackRock Prefers Private Credit Over Public Amid Bank Troubles”

“BlackRock Investment Institute favors private credit over public as the banking-sector turmoil makes traditional lenders cautious, opening up new opportunities in the funding market. “We think private credit could help fill a void left by banks pulling back on some… Continue Reading…

Stocks

“Robinhood Has the Worst Debut Ever for IPO of Its Size”

“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… Continue Reading…

Cryptocurrencies

“Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC”

“Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion. It’s not… Continue Reading…

Cryptocurrencies

“Bitcoin exchange Kraken considers going public after record trading volumes in the first quarter”

“Cryptocurrency exchange Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of bitcoin. Founded in 2011, Kraken is one the world’s biggest crypto exchanges. It… Continue Reading…

Stocks

“Should You Buy These 3 Hot IPO Stocks? Analysts Weigh In”

“Playtika (PLTK)… A major gaming company is sure to get plenty of attention, and Playtika already has 10 analyst reviews. The breakdown of 8 Buys and 2 Holds gives this new stock a Strong Buy analyst consensus rating. Shares are… Continue Reading…

Stocks

“C3.ai Stock Soars 140% After Its IPO”

“The artificial intelligence software company C3.ai priced its initial public offering at $42 a share, above the recently increased range of $36 to $38. C3.ai shares opened for trading at $100 Wednesday morning and were up to $109 shortly after… Continue Reading…