CategoryEconomy

Stitch Fix shares rally from below-estimated-range IPO price

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Shares of Stitch Fix Inc SFIX, +1340% rallied in their debut, a pleasant surprise after the online clothing service's initial public offering priced well below the expected range The online clothing service's stock opened at $1690 at 10:26 am ET, or 127% above the $15 IPO price, and was recently trading up 150% The IPO priced late Thursday below the expected range of $18 to $20 Stitch Fix sold 8...

#FridayReads: ‘Soar!’ By T.D. Jakes Tells You How to Take Flight as an Entrepreneur

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There is no single, be-all-end-all book to read if you are an entrepreneur or aspiring business owner However, while there is a plethora of books published for aspiring entrepreneurs, it can be challenging to identify those worth the effort to read However, while he is called to ministry, his upbringing is rooted in a family legacy of entrepreneurship, including the examples of his father, who...

SailPoint shares jump 20% in post-IPO debut on NYSE

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SailPoint Technologies Holdings Inc SAIL, +1775% shares rallied in their first day of trading Friday after the enterprise identity-management company priced its initial public offering late Thursday SailPoint shares surged 21% to $1446 in early trading Late Thursday, the Austin, Texas-based company priced its IPO at $12 , above the expected range of $9 to $11 a share The company offered 143...

U.S. Government Official Says Blacks Turned Cities Into ‘Slums’ with ‘Laziness, Drug Use, and Sexual Promiscuity’

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Jamie Johnson, who directs the Department of Homeland Security’s (DHS) Center for Faith-Based & Neighborhood Partnerships, has reportedly blamed African Americans for turning major US cities into “slums” and called Islam a “threat to American freedoms” (Image: wwwFEMAgov) Prior to joining the department in April, Johnson made a string of attacks against the African American and Muslim communities...

Dow, S&P face weekly losses as investors eye earnings, tax bills, Mueller probe

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Published: Nov 17, 2017 9:40 am ET US stocks saw a mixed open Friday, with major indexes endangering weekly gains as investors digested more corporate earnings and economic data, while keeping an eye on tax-cut legislation moving through Congress The S&P 500 SPX, -012% fell 01% to 2,583, while the Dow industrials DJIA, -030% declined 82 points, or 03%< to 23,377 The Nasdaq Composite COMP, -003%...

Tesla bonds rally after semi-truck and sports-car unveilings

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Tesla Inc 's TSLA, +299% recently issued junk bonds rallied Friday, after the company launched its Semi tractor-trailer and surprised investors with the unveiling of a new version of the Roadster, the electric sports car designed in conjunction with Lotus in the car maker's first automotive effort more than a decade ago Chief Executive Elon Musk said the new sports car would be first production...

U.S. housing starts soar nearly 14% in October

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Building permits also recover, rising nearly 6% Construction workers build the frame of a house at a new housing development The numbers: The Commerce Department on Friday said October housing starts surged , rising 137% to a seasonally adjusted annual rate of 129 million September estimate was revised to 1135 million Economists polled by MarketWatch expected a 12 million rate Building permits, a...

Tesla's stock gets premarket lift after J.B. Hunt reserves 'multiple' new trucks

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Hunt Transport Services Inc JBHT, +142% said Friday it has made reservations to buy "multiple" Tesla Semi trucks, giving Tesla Inc 's stock TSLA, +039% an extra boost in premarket trade "We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology," said JB Hunt Chief Executive John Roberts Tesla unveiled the...

Diversity Vice President, Denise Young Smith, Is Leaving Apple

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She was one of the most prominent of black female executives in Silicon Valley The vice president of diversity and inclusion at Apple, Denise Young Smith, is leaving her position at the end of the year, reports CNET (Denise Young Smith Image: Apple) She is headed to Cornell Tech to become its new executive-in-residence, as per a post on Cornell Tech’s website , as of January 2018 While there are...

21st Century Fox shares rise 8% on report of Comcast deal talks

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Comcast Corp CMCSA, -030% has approached 21st Century Fox Inc FOX, +233% to express an interest on a deal, according to a report on The Wall Street Journal citing people familiar with the situation It was unclear whether Comcast would be interested in all or part of Fox, the report said Verizon Communications VZ, +150% also is exploring buying parts of Fox, according to the report Earlier this...

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