OpenAI expects to more than triple its revenue this year to $12.7 billion, fueled by the strength of its paid artificial intelligence software, according to a person familiar with the matter.
The market for US initial public offerings should look a lot more like the years prior to the pandemic-fueled boom, according to the head of the New York Stock Exchange.
Trump Media & Technology Group Corp. is creating a new fund to invest in “America First” companies, a move that could further co-mingle the business and policy interests of President Donald Trump.
Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
It’s the story of so many stock market manias: A transformative technology juices a few companies, a bunch of more questionable outfits follow in their wake, and Wall Street buys it all. Then time sorts out what’s real from fake.
US initial public offerings should get a boost this week from as much as $5.5 billion in first-time equity issuance that could be the opening investors have been clamoring for during this latest new listings slump.
This summer, countless bankers and financiers will get away to the Hamptons or vacation in Europe. And a handful will be traveling nearly every weekend — to play lacrosse.
GameStop Corp. shares surged after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer.
As the market for initial public offerings bounces back after two lifeless years, investors who’ve been impatiently waiting for their payoff are finally getting some returns.
Former president Donald Trump’s social media startup is set to begin trading Tuesday after completing a blank-check deal that may bring him a financial windfall.
Bed Bath & Beyond Inc. soared Wednesday, more than wiping out a 46% drop last week and sparking a rally in other so-called meme stocks.
Investment portfolios belonging to retail traders suffered a $350 billion blow this year as big bets on risky stocks and former high-fliers like Tesla Inc. backfired for the mom-and-pop set.
Wall Street says the meme stock is here to stay.
Investors piled back into stocks tied to former President Donald Trump after Elon Musk abandoned his planned purchase of Twitter Inc.
The SPAC market is off to a brutal start to 2022, but a few bright spots with key similarities may point to a way out of the morass -- find solid businesses with room to grow.
Judging by the 70% beating that former SPACs have taken since they peaked early last year, a lot of investors are leery of blank-check companies -- which is why Enrique Abeyta likes some of them.
Blank-check companies have taken an epic battering, but for patient investors, the collapse creates a chance to make some easy money from a quirk in the structure of these vehicles: their holdings of Treasury bills.
Investors grabbing shares in beaten-down companies after a merger with blank-check firms aren’t getting much of a bargain. In most cases, they’re still paying dearly for promises of revenue and profits that remain years away.
Betting on flashy names like Shawn “Jay-Z” Carter, Shaquille O’Neal and Martha Stewart to boost blank-check companies this year left investors mostly in the red.
Even a choppy September hasn’t changed a key measure of 2021’s bullish tone: only twice in the last 20 years have more S&P 500 stocks headed into the fourth quarter with gains for the year.
Coinbase Global Inc. seesawed on Thursday following a volatile trading debut, with momentum building around the stock even as some in the market struggled to place a value on the biggest U.S. cryptocurrency exchange.
The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books -- plural -- will undoubtedly be dedicated to the topic in years to come.
