Shares of Endeavor Group Holdings Inc. ended their first day of trading up 5%, capping off a two-year effort by the entertainment firm to go public. Endeavor’s stock closed Thursday at $25.20, compared with its initial public offering price of $24, and giving the company a valuation of $10.8 billion. Endeavor’s shares opened at $27. […]
Facebook FB 7.30% is still riding a pandemic high, with ads successfully driving impulse purchases of everything its users didn’t even know they wanted. But longer term it will need to become more of a destination for users to buy exactly what they know they need. On Wednesday, Facebook reported strong first-quarter revenue that handily […]
U.S. stocks ticked lower Wednesday after the Federal Reserve said it would stick to the loose monetary policy that has underpinned the market’s rally in recent months. The S&P 500 slipped 3.54 points, or less than 0.1%, to 4183.18. The index wavered between small gains and losses throughout the session, then retreated after the Fed […]
The allure of Pinterest ’s platform may be waning with the pandemic where it matters most. How much will its share price fall as a result? On Tuesday, the image-sharing company said first-quarter revenue grew a whopping 78% year-on-year, beating its own guidance and Wall Street’s estimate. But user growth—especially in the U. S.—appears to […]
Beijing is investigating how Jack Ma won speedy approvals for his Ant Group Co.’s stock listing last year, according to people with knowledge of the matter, signaling that state actors are getting embroiled in the crackdown on the tech billionaire. The central-government investigation, which started early this year, focuses on regulators who greenlighted the initial […]
Demand for inflation-protected bonds remains high despite a recent decline in Treasury yields, indicating that investors have long-term concerns about the impact of economic growth on interest rates. Investors poured a net $1.2 billion into mutual funds that buy Treasury inflation-protected securities, or TIPS, in the week ended April 21, according to data from EPFR. […]
ByteDance, the owner of TikTok, has been attracting eyeballs to its viral apps. Now it’s eyeing an even bigger prize: success in games. The Chinese company’s latest game, One Piece: The Voyage, based on a popular Japanese anime, has been the most downloaded free game in Apple’s App Store in China since its launch last […]
Apple Inc. AAPL 0.30% A podcast fight between Apple and Spotify Technology SA SPOT 4.90% is getting louder. Apple unveiled new products Tuesday that include a subscription podcast service, while Spotify has said it plans to launch a subscription-podcasting model. The music-streaming company has been among Apple’s most prominent corporate critics; it claims Apple uses […]
Bitcoin’s rally appears to be running out of steam, at least for now. The digital currency dropped again Friday, briefly falling below $50,000—a decline of more than 20% from its record of $64,829 on April 14. Bitcoin’s high coincided with the stock-market debut of Coinbase Global Inc., the biggest U.S. cryptocurrency exchange. The two events […]
Updated April 23, 2021 9:03 am ET Here’s what we’re watching ahead of Friday’s opening bell. U.S. stock futures edged up as investors assessed fresh data on how manufacturing and services world-wide are faring in the second quarter. Futures tied to the S&P 500 ticked 0.1% higher, and Nasdaq-100 futures edged up 0.2%, pointing to […]
