Page 2 - Rainmaker Securities News Today

As the social media company finally prepares for its public debut, the IPO markets are at a standstill.

Yet for the Wall Street drama this week, the bull market powered on thanks to soothing economic data and strong reports from Meta Platforms and Amazon.com. The twist: The easy buy-and-hold trade on the Magnificent Seven is now on shakier ground.

Alphabet: It was an anxious stretch for bulls by any measure. The 13th gain in 14 weeks for the Nasdaq 100 masked wildly divergent reactions in stocks whose soaring valuations are threatening what has long been a monolithic trade in tech heavyweights. Among the five tech giants that announced quarterly results this week, two of them saw their stocks go up post earnings while three were down, breaking the almost lockstep rally that’s been fueled by optimism over artificial intelligence sinc...

(Bloomberg) -- An Alphabet Inc. earnings flop in the grip of an historically narrow stock rally with echoes of the dot-com bubble. Jerome Powell downplaying hopes of early interest-rate cuts. A fresh regional bank rout.Most Read from BloombergMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoThe Most Popular Man in Ukraine Has Become a Problem for Zele...

One big obstacle deterring potential IPO buyers is comfortable returns available elsewhere with far lower risk.

Business News: Reddit is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at leas

Improbable has sold The Multiplayer Group, a multiplayer games services company it bought in 2019, to Keywords Studios for £76.5 million ($97.1 million).

Improbable has sold The Multiplayer Group, a multiplayer games services company it bought in 2019, to Keywords Studios for £76.5 million ($97.1 million).

With the S&P 500 up nearly 20% this year, you would think there would be a flurry of IPO activity into the close of the year. Instead? Nada. 

Elon Musk has apparently nixed the possibility that SpaceX will spin off its Starlink satellite internet company next year.