Gemini Jumps on Nasdaq Debut, Hitting $4.4 Billion Valuation
Yahoo Finance· 2025-09-12 18:10
Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares immediately jumped above their initial offering price. The Winklevoss twins-founded firm’s stock opened at $37.01 apiece, a 32% increase compared to its upped IPO price of $28, according to Yahoo Finance. That initially gave Gemini a $3.32 billion valuation. The company previously targeted a range of $24 to $26 per share. Trading under the ticker symbol “GEMI,” Gemini was established in 2014, and it r ...
Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut
Reuters· 2025-09-12 18:10
Via Transportation shares fell 4.4% in their NYSE debut on Friday, valuing the transit technology maker at $3.5 billion. ...
Tech Leads Mixed Market as Fed Rate Cut Looms
Stock Market News· 2025-09-12 18:07
U.S. equities presented a mixed picture in afternoon trading on Friday, September 12, 2025, as investors digested recent inflation data and eagerly awaited the Federal Reserve's upcoming interest rate decision. While the tech-heavy Nasdaq Composite (COMP:IND) continued its upward trajectory, hitting new intraday highs, the Dow Jones Industrial Average (DJI) experienced a slight decline, and the S&P 500 (SPX) remained largely flat. All three major indexes had closed at record highs yesterday, fueled by inves ...
Striking defense workers reject Boeing contract offer
CNBC· 2025-09-12 18:07
Striking Boeing defense workers in Missouri voted Friday against the company's latest offer of a modified contract deal, according to the union representing the workers.More than 3,000 workers in the St. Louis area will remain on strike, the first walkout in almost three decades."Boeing's modified offer did not include a sufficient signing bonus relative to what other Boeing workers have received, or a raise in 401(k) benefits," a statement from the International Association of Machinists and Aerospace Work ...
6 Types of Stocks Retirees Should Consider Investing In
Yahoo Finance· 2025-09-12 18:06
Many retirees worry about running out of money. After decades of saving, the last thing you want is to see your retirement account shrink because of bad investments. Read More: Self-Made Millionaires Suggest 5 Stocks You Should Never Sell Find Out: 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives The challenge that most people face is that retirement changes the way you need to think about investing. Most of your life was about growth. Now, it’s more about income and inflation pr ...
Rambus (RMBS) Surges 14.9%: Is This an Indication of Further Gains?
ZACKS· 2025-09-12 18:06
Rambus (RMBS) shares ended the last trading session 14.9% higher at $88.58. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.4% gain over the past four weeks.Rambus is benefiting from strong growth in its memory interface chip business, particularly DDR5 products, driving record product revenue and market outperformance.This memory chip designer is expected to post quarterly earnings of $0.62 per share in its upco ...
Lucid Group, Inc. (LCID) Presents At Morgan Stanley's 13th Annual Laguna Conference (Transcript)
Seeking Alpha· 2025-09-12 18:06
PresentationAdam JonasMD & Head of Global Auto & Shared Mobility Research All right. Marc Winterhoff, Interim CEO of Lucid Group. He just came back from the Frankfurt Auto Show, the IAA Auto Show. I was saying in a former life, I would -- I spent many, many nights in Frankfurt. I'm actually a fan of Frankfurt. And I don't go to car shows as often as I used to. I don't test drive cars as often as I used to, but I did have the opportunity to drive the Gravity yesterday with some colleagues, some colleagues th ...
Fed on Track for Rate Cut | Real Yield 9/12/2025
Youtube· 2025-09-12 18:05
>> FROM NEW YORK CITY FOR VIEWERS WORLDWIDE I AM SCARLET FU. BLOOMBERG REAL YIELD STARTS RIGHT NOW. COMING, THIS WEEK'S INFLATION AND JOBS DATA LEAD TRADERS TO LOCK IN A FED RATE CUT.TREASURY VOLATILITY SITTING AT A THREE YEAR LOW AS THE 10 YEAR FLIGHTS TO NEARLY 4%. AND A KEY MEASURE OF CREDIT RISK FALLING TO THE LOWEST LEVEL SINCE FEBRUARY BUT ARE INVESTORS UNDERPRICING RISKS. WE BEGIN WITH WATCHING THE FED'S NEXT MOVE.>> YOU ARE GETTING STICKINESS AND INFLATION. >> STICKIER FOR LONGER. >> INFLATION HAS G ...
Homebuilders in Tight Spot as Profits Sink, Regional Markets Shift
WSJ· 2025-09-12 18:04
Companies are facing reduced margins thanks to surplus inventory in some regions and high demand in others. ...
Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’
Yahoo Finance· 2025-09-12 18:03
Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, a U.S.-regulated, dollar-backed token to strengthen the role of the U.S. dollar in digital markets. Alongside the unveiling, Tether named Bo Hines, the former Executive Director of the White House Crypto Council, as the incoming CEO of Tether USA₮. The move shows what Tether calls the “next chapter” in its strategy, combining compliance, transparency, and American leadership. USA₮ will be designed to ...