7 Hours Ago October Sees Decline in China’s Consumer Prices In October, China’s consumer prices decreased, reflecting the ongoing struggle of the world’s second-largest economy with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed that the consumer price index slipped 0.2% year-on-year. This decline was greater than the expected 0.1% decline …
Woman rides a Bird e-scooter in southern California. Bird, a provider of electric scooters that consumers can rent in cities, said the New York Stock Exchange will suspend trading of its stock after the company failed to keep its market capitalization above $15 million for 30 consecutive days. The company’s shares will trade on the …
InstaCart employees fulfill orders for delivery Patrick T. Fallon | Bloomberg | Getty Images The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports. Instacart is expected to officially disclose its expected valuation range on Monday, as Reuters reports. The initial report from …
Instacart, the innovative grocery delivery company, has officially filed its paperwork to go public on the Nasdaq under the ticker symbol “CART.” This move marks the first significant venture-backed tech IPO since December 2021. In its prospectus, Instacart revealed that it generated $114 million in net income and achieved $716 million in revenue in the …
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Discover the latest news in the stock market before the market opens on Wednesday. WeWork — The stock plummeted by 25.7% after WeWork disclosed in an SEC filing that doubts exist regarding the company’s ability to sustain operations due to lower-than-expected membership rates. WeWork mentioned …
Explore the latest developments in the stock market during midday trading. Roblox — Roblox’s shares plummeted by 20% after the online gaming platform failed to meet second-quarter estimates. The company reported a loss of $0.46 per share, falling short of the predicted $0.45 loss from analysts surveyed by Refinitiv. Despite revenue of $781 million, slightly …
Witness the grand opening of Rivian’s exquisite storefront in the vibrant Meatpacking District of Manhattan, New York City on June 23, 2023. Photo credit: Spencer Platt | Getty Images Discover the latest buzz-worthy companies making headlines after hours. Rivian Automotive — Rivian Automotive experienced a slight dip of approximately 2.5% during extended trading. This decline …
New York City’s iconic yellow taxis have long been a symbol of the bustling metropolis. However, it may come as a surprise that taxi drivers represent only around 10% of the total driver landscape in the city. This shift in the transportation industry has been largely attributed to the rise of Uber and Lyft, which …
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Carvana — Shares surged by 10% in midday trading. Carvana predicts exponential growth in its used electric vehicle segment due to high consumer demand for EVs. Lucid — The …