989 days ago
US housing starts jumped 6.3% mom to an annual rate of 1.643 million in June, the highest in 3 months and above forecasts of 1.59 million, amid strong demand from buyers, elevated materials costs and shortage of qualified workers. Meanwhile, building permits dropped 5.1% to 1.598 million, the third straight period of decline, and missing market expectations of 1.7 million.
989 days ago
Swiggy closed a $1.25 billion financing round led by Softbank Vision Fund 2 and Prosus Ventures. The new financing round includes the $450 million invested by SoftBank. Swiggy's post-money valuation is $5.5 billion. Source: TechCrunch
989 days ago
Shares of the Santa Clara, Calif., firm have risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivals Intel Corp. and Broadcom Inc. combined. Nvidia makes processors that power gaming and cryptocurrency mining. Chip shares have risen in part thanks to a pandemic-induced global shortage of semiconductors that has driven up the prices of everything from laptops to automobiles. Source: WSJ
990 days ago
Travel and energy stocks made the European shares open lower on Monday as investors are fearing the rising number of Delta variant covid cases. The pan-European STOXX 600 index fell 1.5%, Germany's DAX dropped 1.4% and France's CAC 40 declined 1.62% Morevover, Carnival fell almost 8% while airlines (easyJet, Wizz Air,...) all fell more than 5%. Source: Hargreaves Landsown
990 days ago
If a company does not deliver great results this season, things could down hard on them. Asos saw almost a fifth of its market value wiped out when it failed to deliver satisfactory earnings. Just Eat and Siemens also experienced a similar adventure. The question is: is the bullish exuberance of markets has reached its tipping point ? are stocks market values about to fall? Source: Bloomberg
