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(Bloomberg Opinion) -- In a hot market for new technology stocks, it was Palantir Technologies Inc.’s turn in the spotlight on Wednesday. The debut wasn’t a complete show-stopper, and that’s fine — not everything can, or should, be a market darling. The data-mining company, co-founded by billionaire and Donald Trump supporter Peter Thiel, went public through a direct listing and started trading at $10, above the New York Stock Exchange’s $7.25 reference price. A $10 price equates to a market value of about $22 billion on a fully diluted basis, which, while respectable, isn’t much higher than its last private fund-raising round in 2015 at $20 billion. Palantir traded as high as $11.42 on Wednesday before drifting back under $10 to close at $9.50.Investors have been clamoring for new tech listings despite high stock valuations and the potential dampening effect of a second-wave virus outbreak. According to Renaissance Capital, the U.S. IPO market is on track to have its most active third quarter since the dot-com...
The Federal Reserve announced that it will extend its ban on share buybacks on large banks through the fourth quarter of 2020. Yahoo Finance’s Brian Cheung joins Seana Smith to breaks down the latest news from the Federal Reserve....
Other experts say this advice from the personal finance personality ought to be ignored....
On Wednesday, Quest Diagnostics announced that it had a three-in-one test ready to test for both coronavirus and regular strains of flu for the winter months. This comes as a study found Moderna’s vaccine to be safe and effective for older adults and Regeneron’s coronavirus antibody cocktail had strong positive data results. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus....
Duke Energy, which has a market capitalization of $65 billion, has rebuffed NextEra's acquisition interest, according to a person familiar with the matter who confirmed a Wall Street Journal report about the approach that was published on Tuesday. Speaking at a Wolfe Research conference on Wednesday, Robo declined to comment specifically on NextEra's approach to Duke, but said that major acquisitions in his industry could only happen if the companies involved worked co-operatively....
Mortgage applications drop as falling rates are greeted by yawns....
