Connect with us

Business

Palantir opens at $10 a share after its direct listing on the NYSE – CNBC

Palantir held its public market debut on Wednesday, 17 years after its founding, in a highly anticipated direct listing.

Published

on

post featured image
ADVERTISEMENT

Palantir shares opened at $10 on Wednesday in the company’s debut on the New York Stock Exchange, and climbed as high as $11.37.
Palantir, which develops data analysis software for government agencies and large companies, held a direct listing of its stock, giving existing shareholders the opportunity to sell up to 20% of their stake to new investors. Cloud software developer Asana is also going public via direct listing on Wednesday.
The initial price gives Palantir a market cap of $16.5 bill…

Click here to view the original article.

Business

Snap Stock Is Surging After Earnings. Here’s Why. – Barron’s

Published

on

post featured image
ADVERTISEMENT

Amid Covid-19 fears about softness in the advertising market, Snapchat parent
Snap
said that advertisers had begun to resume their spending on the platform, and in some cases increased spending. The result: Snap (ticker: SNAP) reported its second adjusted profit in the companys life as a public company, beating Wall Street sales expectations by over $100 million.Investors responded in the after-hours session, sending Snap stock surging 24% in premarket trading. If shares close Wednesdays session…

Click here to view the original article.

Continue Reading

Business

PayPal Pledges to Bring Crypto to 26M Merchants, Confirming Market Entry – CoinDesk – CoinDesk

The New York Department of Financial Services license allows PayPal to offer cryptocurrency services through a partnership with Paxos.

Published

on

post featured image
ADVERTISEMENT

Crypto just got a shot at going mainstream in 2021. 

  • In a press release this morning, PayPal said buy, sell and hold features would be live within the next few weeks but some users, the features are already available.
  • PayPal’s implementation does not allow bitcoin or other tokens to be withdrawn. Once you buy or deposit, the service is your crypto bank until you sell.
  • Initially the service supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin
  • This is a developing story, stay tuned for updates with…

Click here to view the original article.

Continue Reading

Business

AutoNation reports ‘best quarter ever’ as Covid convinces people to buy their own cars, CEO says – CNBC

“I think this pandemic/shelter in place has shifted the American psyche in a long-term way,” AutoNation’s Mike Jackson told CNBC on Wednesday

Published

on

post featured image
ADVERTISEMENT

AutoNation CEO Mike Jackson told CNBC the coronavirus pandemic has significantly shifted American attitudes toward personal vehicles, leading to the company’s blowout earnings report Wednesday.
“Coming out of the lockdowns, they said, ‘So much for sharing everything. I’d really like to have my own space that I define,'” Jackson said on “Squawk Box.”
The country’s largest auto dealership chain posted third-quarter revenues of $5.4 billion, eclipsing Wall Street forecasts of $5.19 billion. The company’s…

Click here to view the original article.

Continue Reading

Trending

You might also like ...

post featured image
Tesla’s stock in danger of extending longest losing streak in 7 months ahead of earnings – MarketWatch
post featured image
Astrotech’s stock skyrockets after JDA with Cleveland Clinic to develop COVID-19 breath test – MarketWatch
post featured image
Fed’s Brainard calls for more stimulus from Congress amid ‘highly uneven’ recovery – CNBC