Arm, the U.K.-based company controlled by Japanese investment giant SoftBank, listed on New York’s Nasdaq on Thursday at an IPO price of $51 per share for a valuation of almost $60 billion. The initial buzz has since fizzled, with the stock suffering successive daily declines to close the Tuesday trading session at $55.17. Cathie Wood, … Read more
Markets rallied on a successful Arm IPO and decent economic data. UAW members walked out of three key auto plants. More airlines are warning about fuel costs. Here are the most important news items that investors need to start their trading day: The Dow Jones Industrial Average saw its best day in more than a … Read more
Gautam Adani, Jack Dorsey, Carl Icahn. Nate Anderson has picked them off one by one. In mere months this year, he erased as much as $99 billion of their combined wealth while knocking $173 billion off the value of their publicly traded companies. In an era when prominent short sellers have retreated from the limelight … Read more