Newsmax, IPO
Digest more
Top News
Overview
Highlights
MarketWatch |
Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities.
U.S. News & World Report |
Shares of conservative news outlet Newsmax jumped over 18% before the bell on Tuesday, extending the stock's gains a day after its stunning debut on the New York Stock Exchange.
Wall Street Journal |
Shares of the media company surged 570% by midday Monday to $67 a share.
Read more on News Digest
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
Newsmax went public this week, and the low volume of shares available to trade has exacerbated the impact of high demand, sending the stock soaring.
Even though it's coming during a volatile period for the markets and economy, the cryptocurrency company's planned listing puts pressure on rivals and regulators.
As turbulent US equity markets cloud the picture for initial public offerings, some on Wall Street are urging companies to temper their valuations for a better chance of pulling off a successful deal.
Explore more
Since artificial intelligence (AI) caught the attention of the market beginning in November 2022, Nvidia (NASDAQ: NVDA) has set the bar for blockbuster growth among AI-associated stocks. The GPU specialist posted five straight quarters of triple-digit revenue growth through fiscal 2024 and 2025,
CoreWeave achieved 12,000%+ revenue growth to $1.92B in 2024 with 70-80% GPU utilization.
Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.
Swedish fintech brought ‘pay in four’ to everything from food to fashion but sceptics point to model’s vulnerabilities