Skip to content
Stock futures hugged the flat line Tuesday morning as market participants considered a pared-down stimulus proposal from congressional lawmakers, and awaited the outcome of the first presidential debate later this evening. A host of economic data reports later Tuesday and this week also loomed....
While Dillard's, Inc. (NYSE:DDS) might not be the most widely known stock at the moment, it received a lot of......
Qudian Inc. (NYSE:QD) shareholders that were waiting for something to happen have been dealt a blow with a 26% share......
(Bloomberg) -- Billionaire Peter Thiel was a no-show at the investor day leading up to the direct listing for Palantir Technologies Inc., the data-mining company he founded 17 years ago. And no one from the company will ring the bell at Palantir's market debut.Thiel's absence from the Wall Street pomp belies the outsize influence he'll continue to wield long after the company goes public. Thiel will have more control over the company than any other individual or investor group, and an unconventional voting structure will award additional power to Thiel and two other co-founders in perpetuity.Palantir isn’t the first company in Silicon Valley to use super-voting shares to cement control for its founders. Other tech leaders including Mark Zuckerberg, Snap Inc. Chief Executive Officer Evan Spiegel and WeWork CEO Adam Neumann were all given disproportionate control over their companies as they headed to the public markets. But good-governance advocates say that handing so much power to a limited group of people...
Top news and what to watch in the markets on Tuesday, September 29, 2020....
(Bloomberg) -- Economic confidence in the euro area improved for a fifth month, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook.A European Commission sentiment index rose more than expected in September, sending the euro to the highest level in nearly a week. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound following the end of lockdowns has started to level off.Production expectations in industry, which initially bounced back sharply, have barely moved over the past two months, and the outlook for demand in services waned for a second straight month. A gauge measuring employment prospects also signaled a continued but weaker recovery in September.“The euro-zone economy is already showing signs of rebound fatigue,” said Bert Colijn, a senior economist at ING. “Second-wave worries add to expectations of further slowing of economic growth.”The European Central Bank has...
