Dubai-based transportation company Swvl is going public through a merger with Queen's Gambit Growth Capital. Founded in 2017, Swvl provides ridesharing services in emerging markets that don't always have reliable
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Dow futures decline 100 points after stocks snap five-day winning streak
U.S. stock index futures fell during overnight trading on Tuesday after the major averages pulled back from record highs, snapping a five-day winning streak. Futures contracts tied to the Dow
Continue reading »United Airlines shares jump on upbeat outlook on demand despite delta variant
United said it expects to return to a pretax profit in the third quarter. CEO Scott Kirby said the carrier isn't seeing an impact to bookings from the Delta variant.
Continue reading »Robinhood is seeking a market valuation as high as $35 billion in upcoming IPO
Robinhood is seeking a market valuation of as much as $35 billion in its upcoming initial public offering, according to its amended prospectus released Monday. The stock trading app will
Continue reading »U.S. consumer sentiment drops in early July on inflation fears
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on
Continue reading »U.S. stock futures are flat after major averages pull back from records
U.S. stock index futures were flat in overnight trading on Tuesday, after the major averages finished in the red, weighed down by inflation fears. Futures contracts tied to the Dow
Continue reading »'Black Swan' author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge
Nicholas Nassim Taleb said bitcoin has failed as a currency without government, a hedge against inflation and as a safe haven investment, in a recent paper The "Black Swan" author
Continue reading »Virgin Galactic falls after it gets set to sell $500 million in stock following Branson's successful flight
Shares of Virgin Galactic slipped on Monday after the company filed to sell up to $500 million in common stock. This follows the commercial spaceflight company's successful test flight with
Continue reading »Op-ed: Recreational pot is legal in New York. Four factors that could strengthen the cannabis sector
Investors in the cannabis space are benefiting from recent legislative developments, including New York’s move to legalize recreational marijuana. Policymakers must also foster a healthy marketplace and support social and
Continue reading »Robinhood is earmarking 20% to 35% of its own IPO shares for customers. Why smaller investors should proceed with caution
The amount being allocated is part of Robinhood's push to help smaller investors access initial public offerings. It's uncertain right now how many shares will ultimately be available or what
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