Coinbase set to join S&P 500, becoming the first crypto company added to the benchmark index
shares were as much as 10% higher in premarket trading on Tuesday after the news that the company will join the closely watched S&P 500 index. The crypto exchange will replace in the benchmark index ...
Expensive bets against CoreWeave are getting smashed as shares soar
is behaving like it’s a twice-levered version of a US retailer that sources from China and just got major tariff relief. Shares of the recently IPO’d cloud computing company are going bananas today, u...
Report: OpenAI seeks to revise Microsoft deal to clear the way for IPO
After ditching its plan to demote its controlling nonprofit arm last week, OpenAI is busy haggling with partner to make changes to its agreements as it looks toward a future IPO, according to reporti...
Palantir loses crown as S&P’s top stock
Easy come, easy go. 13% stumble since it reported pretty strong Q1 results means it’s lost its privileged position as the blue-chip index’s top-gaining stock in 2025. is now back in the catbird sea...
OpenAI’s nonprofit to remain in charge
Late last year, ChatGPT maker OpenAI announced it was restructuring its company to go from a for-profit controlled by a nonprofit “with a capped profit share for investors and employees” to a public b...
CoreWeave surges on flurry of options market demand
Demand for upside in , the recently-IPO’d cloud computing company, is heating up in the options market. As of 11 a.m. ET, over 17,000 call options have already changed hands, about in line with the 10...
CoreWeave surges as deal with Galaxy Digital is announced
shares are having another good day after the recently-IPO’d firm was rated a “buy” from Bank of America yesterday. Today the stock continues to soar, aided by news of a deal with Galaxy Digital Holdin...
Chinese IPOs in the US have been making a comeback... of sorts
Strange as the timing may seem, given the broader geopolitical picture, many Chinese companies are seeing 2025 as the year to hit the US public market. Last week, tea giant Chagee soared 21% on its Na...
CoreWeave initiated with “buy” from Bank of America as a “best of breed provider”
Shares of are surging on Tuesday after a host of Wall Street banks initiated coverage on the recently IPO’d cloud-computing company with largely bullish views. Among those was Bank of America, where ...
House China Committee asks JPMorgan, Bank of America to pull out of Chinese battery company’s IPO
The IPO environment has been bad enough for US banks, with tumultuous markets leading many companies to shy away from going public . Now, the head of a US congressional committee is asking and to pu...
Apple is the world’s most valuable company again, after gaining $400 billion yesterday
just added nearly $400 billion to its market cap, with shares soaring more than 15% on Wednesday — the company’s biggest single-day gain since 1998, per CNBC . To put that jaw-dropping ~$400 billion s...
Ripple’s token ticks up as first leveraged XRP ETF hits market
It’s a good day for Ripple and its native token, . Just a few weeks after the SEC dropped its appeal against the company, the first-ever XRP-based ETF is hitting the market. Teucrium Investment Adviso...
BNPL giant Klarna puts IPO on ice as tariff jitters and market sell-off steal the spotlight
Klarna’s hitting pause on its IPO as sweeping tariffs rattle global markets. The Swedish fintech giant, which filed to list on the NYSE earlier this year, was set to kick off its investor roadshow on ...
Newsmax crashes, but still up big from IPO
Gravity reasserted itself on shares of after the pro-Trump media company’s remarkable 2,230% gain from its IPO price of $10 a share through its first two days of trading. The surge briefly gave the c...
Circle files for IPO as crypto’s mainstream push continues
Stablecoin firm Circle has finally filed for an IPO, after much speculation around it, according to an SEC filing . The filing comes at a time of a renewed interest in stablecoins — a type of crypto p...
Pro-Trump media company’s IPO gets meme treatment
Money-losing, pro-Trump media company is now up roughly 1,200% from the $10 a share it priced at before beginning trading on Monday. At current levels, Newsmax’s market cap is about $13 billion, put...
OpenAI closes $40 billion fundraising round with $300 billion valuation
After closing on the largest private round of fundraising ever, OpenAI is now valued at $300 billion. The round was led by with $30 billion, and $10 billion from a group of investors. A press release...
Trump-friendly media company Newsmax soars after IPO
Trump trades have given back much of their collective postelection bump in recent weeks, with big beneficiaries from the president’s 2024 victory like , , and down sharply since the market peaked bac...
The US stock market has become the global market over the last 60 years. Will that continue?
Foreign investors hold a record slice of America’s $93 trillion stock market — and they might not let go anytime soon. As of Q4 2024, overseas investors owned $16.5 trillion, or 18%, of US equities, t...
StubHub’s IPO filing shows it spent $2 billion on sales and marketing since 2022, 48% of its revenue
StubHub, an online platform where fans — and, of course, touts posing as fans — go to resell and exchange tickets for sports matches, concerts, and other shows, filed for an initial public offering on...