Software startup Sprinklr is looking to target a $5 billion valuation through its Initial Public Offering (IPO) on the New York Stock Exchange, the company revealed on Monday. The company is determined to raise up to $380 million in its efforts.
With high-profile customers including the likes of Microsoft Corp...
Stock futures opened at a low on Thursday morning, following an underwhelming close on Wednesday evening after a selloff during the regular session. This comes after each of the three major U.S. indexes dropped by their largest margins in the last three months.
This poor performance occurred in light of...
As one of the most lucrative sectors for the past few years, it comes as no surprise that biotech companies have dominated the world IPO market this week. A total of 10 of the 16 companies expected to list their shares hail from the biotech space, the likes of...
Warren Buffet’s conglomerate holding company Berkshire Hathaway Inc announced on Monday that it would be focusing its investment habits on four major pharmaceutical companies. This comes after the industry enjoyed positive press following the announcements of effective COVID-19 vaccine candidates from the likes of Moderna, Pfizer, and BioNTech.
James Armstrong,...
With both Pfizer (PFE) and BioNTech’s (BNTX) reporting that their vaccine candidates have been more than 90% successful in treating COVID-19 patients during clinical trials, stock futures have enjoyed a higher opening, thus encouraging investors to snatch up these assets.
This boost to the market, which occurred on Monday, has...
The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...
Nasdaq was up by 2% when trading closed on Wednesday, thanks to investors placing their faith back in technology stocks following the latest surge in COVID-19 cases.
With analysts closely monitoring the race for a Coronavirus vaccine, investors turned away from economically-sensitive sectors in favor of backing technology stocks, particularly...
The major US stock indexes finished higher at a premature close on Thursday prior to the Christmas weekend. While the S&P finished the week slightly lower, The Dow Jones managed a slight gain while Nasdaq made a significant stride.
Many investors had high hopes due to the possibility of a...
Investment management company Blackstone Group Inc. has agreed to the purchase of a life insurance business from Allstate Corp. for a sum of $2.8 billion. This deal is part of Blackstone's plan to expand its market share in the insurance industry.
This deal comes as Allstate continues pursuing its goal...
After revealing its test results for the solid-state battery that has been in development, EV startup QuantumScape has enjoyed a 60% rise on the New York Stock Exchange in the past month. This development sees the Westbury, NY-based company rise beyond its $22 billion market cap level.
In its latest...