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Uber Technologies Inc (NYSE: UBER) on Thursday laid off roughly 185 people from its Postmates division, the New York Times has reported. What ...
Share: Goldman Sachs Group Inc (NYSE: GS) Chairman and CEO David Solomon, in an interview with CNBC "Squawk Box," expressed concern on the current market euphoria and the Federal Reserve's easy monetary policy. What Happened: Solomon said the Fed’s cheap money has an impact on the market. The Fed’s intervention and easy monetary policy were essential to prevent an economic downturn but it has led to asset inflation. Solomon said that easy money had made its way into the equities, which has led to the current market euphoria that can be seen in recent initial public offerings. DoorDas...
IPO frenzy drove DoorDash’s robust showing during its first public trade The startup has a dominant market share in the US meal-delivery market However, it faces intense competition and a possible dip in demand post-Covid DoorDash shares slip from IPO high DoorDash Inc last Wednesday (09 December 2020) made an impressive debut, with hungry investors gobbling up its shares as pandemic-era eating habits continued to buttress its business. The San Francisco-based company, which arranges deliveries from restaurants, saw its stock opening strong at US$182, then leaping to close its first day of ...
The gloomy outlook echoed that of British Prime Minister Boris Johnson, who had said on Thursday there was
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Rally in Walt Disney shares helps Dow eke out a gain