Robinhood to allow users to buy into IPOs, ahead of its own market debut
Robinhood Markets Inc on Thursday unveiled a new platform that will give retail investors the opportunity to buy shares in initial public offerings, something that has long been the exclusive domain of Wall Street funds.
NFT enthusiasts hold firm despite crypto price plunge
This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.
Britain’s Nationwide almost doubles profit as costs fall
Nationwide Building Society (POB_p.L) nearly doubled annual profit after improving interest income and margins as it shaved costs, it said on Friday.
U.S. Treasury floats global corporate tax of at least 15%
The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.
Japan’s consumer prices extend falls as cellphone fee cuts offset input costs
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
Inside the race to find a COVID-19 treatment pill
In early 2020, as a new deadly coronavirus began spreading around the world, Pfizer Inc (PFE.N) assembled what it called a “SWAT team” of scientists and chemists to identify a potential treatment to fight COVID-19.
Wall Street snaps 3-day losing streak as technology stocks rise
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
WeWork reports quarterly loss of nearly $2.1 bln ahead of public listing
SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring charges while it prepares to go public through a merger with a blank-check firm.
Oatly, Procore debuts calm U.S. IPO jitters
Strong stock market debuts by oat milk maker Oatly Group AB (OTLY.O) and construction software firm Procore Technologies (PCOR.N) eased investor concerns on Thursday that U.S. initial public offerings (IPOs) could suffer a bout of volatility.
Apollo co-founder Josh Harris to step down from private equity firm
Apollo Global Management Inc (APO.N) said on Thursday co-founder Joshua Harris has decided to step down from his day-to-day role, the latest in a series of governance changes at the private equity firm.
