Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion.
Jeffrey Gundlach expects the dollar to finish the year lower.
Wall Street was set to open slightly lower on Wednesday as worries of a protracted U.S.-China trade war was heightened by Washington's tough stance, but losses were limited by tame inflation data that supported the case for an interest rate cut.
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.
The strategy will entail a bet on falling rates, rising gold, against the dollar and "at some point" stocks, the hedge fund magnate said.
Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.
Ethiopia is aiming to award telco licenses to multinational mobile companies by the end of the year, ending a state monopoly and opening up one of the world's last major closed telecoms markets, three people with direct knowledge of the process said.
Ford Motor Co said on Wednesday its North American unit will spend $180 million to correct a suspension issue in Explorer vehicles.
U.S. stocks opened flat on Wednesday as Washington's tough stance heightened worries of a prolonged U.S.-China trade war, with losses offset by tame inflation data that supported the case for an interest rate cut.
World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while a barely visible rise in U.S. inflation kept up talk of an early cut in interest rates there.
FrontFundr | Peter-Paul Van Hoeken | June 12, 2019 Traditionally, only a small group of investors, angel investors and other venture capitalists, have had access to investment opportunities in startups and growth companies. The public has been locked out from investing in startups. Investments in early-stage companies are typically high-risk. That is why early-stage investors
Ford Motor Co said on Wednesday it is recalling 1.2 million Explorer sport utility vehicles in the United States for a potential suspension defect that could lead to reduced steering control.
Net Imperative | June 12, 2019 Blockchain and video games are the most lucrative industries for crowdfunding projects, getting million of pounds in funding for popular projects, according to new research in Europe. A new study by SmallBusinessPrices.co.uk uncovers the sectors and countries where the introduction of the alternative finance marketplace is being felt the
Wall Street's main indexes dipped on Wednesday as worries of a protracted U.S.-China trade war were heightened by Washington's tough stance, but losses were limited by a tame inflation report that supported the case for an interest rate cut.
A new family show sensation has been catching fire across the nation, and it’s called “Sugar Skull.”
If you’ve been interested in Mexican culture at all, listen up because this show ...
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