Friday, 13 September 2019

The IPO market is heating up but investors are shunning unprofitable companies

Money losing unicorns are falling out of favor with investors. The dismal performances of Uber, Lyft and Slack after they debuted on Wall Street earlier this year could be a sign that the appetite for unprofitable companies is waning.
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The IPO market is heating up but investors are shunning unprofitable companies
Money losing unicorns are falling out of favor with investors. The dismal performances of Uber, Lyft and Slack after they debuted on Wall Street earlier this year could be a sign that the appetite for unprofitable companies is waning. Read more »
 
A GM strike could come as early as Sunday. But a union scandal makes negotiations harder
The United Auto Workers union and General Motors are locked in difficult labor negotiations, and a late night Saturday deadline looms for a new contract -- or a strike. Read more »
 
WeWork makes sweeping corporate governance changes in advance of its IPO
We Co., as it prepares for an IPO, said Friday it would make substantial changes to the oversight of its company after investors voiced dissatisfaction with the unusual governance structure. Read more »
 
Stocks flirt with record highs as US-China trade tension eases
Nothing is spooking investors on this particular Friday the 13th. Stock futures popped in early trading before the opening bell on the news that China is going to exempt US soybeans and pork from its next round of tariffs. Read more »
 
London Stock Exchange rejects Hong Kong's $37 billion takeover bid
The London Stock Exchange has roundly rejected Hong Kong's $37 billion takeover bid. Read more »
 
Cannabis industry calls for legalization and regulation to snuff out underground vapes
The recent rash of vaping-related illnesses and deaths could represent a crisis for the legal cannabis industry, which relies on vaping for an estimated quarter of its business in some states. Read more »
 
 
 
 
Dow Nasdaq S&P
+37.07   -17.75   -2.18
27,219.52   8,176.71   3,007.39
+0.14%   -0.22%   -0.07%
YTD +16.68%   YTD +23.23%   YTD +19.97%
 
Biggest Winners
Cimarex Energy Co +8.21%
 
Pioneer Natural Resources Co +3.90%
 
Freeport-McMoRan Inc +3.76%
 
DuPont de Nemours Inc +3.16%
Biggest Losers
Progressive Corp -5.59%
 
CenturyLink Inc -4.66%
 
Marketaxess Holdings Inc -4.30%
 
Altria Group Inc -3.69%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $54.87 +0.02 / +0.04%
Gold $1,496.30 -3.20 / -0.21%
10-yr 1.90% +0.11
Euro $1.11 +0.00 / +0.17%
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