Lemonade Inc. made the strongest initial public offering debut of a US company in 2020, as the shares of the mobile-based insurance company more than doubled last on its first day of trading. LMND Lemonade, + 139.34% The shares, which soared as much as 144% to hit an intraday high …
Read More »Amazon brand value rises above $ 400 billion as TikTok enters global brand 100 for the first time
TikTok has entered the ranking of the 100 Most Valuable Global Brands for the first time, as people spend more time online during the pandemic browsing joyful and entertaining user-generated content, according to a new report. Tech giants dominated the list once again, with Amazon AMZN, + 0.34% maintaining first …
Read More »Micron shows how the cloud is saving chip makers
Memory chip maker Micron Technology Inc. was saved by a boom in data centers, adding to the growth of chip makers as the pandemic forces more companies to expand their cloud computing capabilities. . On Monday, Micron MU, + 1.35% reported better than expected fiscal gains in the second quarter …
Read More »How Nvidia moved from gaming to AI to riding with Mercedes
Text size Courtesy of Mercedes-Benz. If you’ve ever spent hours pushing buttons on a video game controller, I’d like to thank you for your service. I’m starting to think you helped invent driverless cars. You may have also participated in cancer treatments. See Tuesday, Nvidia (ticker: NVDA), a powerhouse of …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …
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