Friday 24 May 2019

Banker gives inside look at why Uber and Lyft IPOs failed to live up to the hype

Uber and Lyft were two of the most highly anticipated IPOs in recent memory. And both were duds.
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Banker gives inside look at why Uber and Lyft IPOs failed to live up to the hype
Uber and Lyft were two of the most highly anticipated IPOs in recent memory. And both were duds. Read more »
 
Brexit fears have already trashed the pound. May's exit offers little relief
British Prime Minister Theresa May's resignation is unlikely to end a tough run for the pound, which has fallen steadily this month as the risk of a damaging no-deal Brexit rises. Read more »
 
Can anything stop Chipotle? Its stock is up 55% this year
Chipotle dealt with a major health crisis that could have led to permanent damage to the restaurant chain's reputation and stock price. Read more »
 
Best Buy cancels pre-orders for the Samsung Galaxy Fold
The Galaxy Fold saga continues. Read more »
 
Topshop is closing all US stores
In another sign of traditional retailers' struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection. Read more »
 
Consulting firm McKinsey no longer working with opioid maker Purdue Pharma
Management consulting giant McKinsey & Company will stop doing work for Purdue Pharma, the controversial drug firm that makes the prescription painkiller OxyContin. Read more »
 
 
 
 
Dow Nasdaq S&P
+95.22   +8.73   +3.82
25,585.69   7,637.01   2,826.06
+0.37%   +0.11%   +0.14%
YTD +9.68%   YTD +15.10%   YTD +12.73%
 
Biggest Winners
Total System Services Inc +13.88%
 
Intuit Inc +6.70%
 
CenturyLink Inc +4.66%
 
HP Inc +4.38%
Biggest Losers
Foot Locker Inc -15.96%
 
Autodesk Inc -4.91%
 
Baker Hughes A GE Co -3.69%
 
Constellation Brands Inc -3.65%
Hottest ETF
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NYSE Market Volume
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Key Market Stats Latest Today's Change
Oil $59.07 +0.44 / +0.75%
Gold $1,284.30 +0.70 / +0.05%
10-yr 2.32% +0.03
Euro $1.12 +0.00 / +0.19%
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