Chris Rupkey, Chief Financial Economist at MUFG, joined Yahoo Finance's The Final Round to discuss his outlook for the economy and the latest housing permit numbers. ...
Lili, an all-in-one-banking app designed for freelance workers, recently announced that it raised a $10M seed funding round, which was led by Group 11, with major participation from Foundation Capital, AltaIR Capital, Primary Venture Partners and Torch Capital. Founder and CEO Lilac Bar David discusses what’s next for her company, as well as the future of digital banking. ...
(Bloomberg) -- U.S. Steel Corp. is doing everything it can to weather the economic downturn caused by the coronavirus pandemic, including a share offering announced late Wednesday.The company offered 50 million shares -- almost a third of the current number outstanding -- at a level said to be about $8.58 to $8.80 per share. After closing at $9.38 in New York, shares were down 5.5% in after-market trading.The Pittsburgh-based steelmaker faces a historic decline in demand, announcing earlier Wednesday that it expects deeper losses in the second quarter than analysts forecast. At the same time, U.S. Steel is working toward buying the remaining 50.1% of Big River Steel, after previously paying $700 million for almost half of it. The company said its investment in the electric arc furnace remains the “number one strategic priority.”“They have strategic objective of taking Big River down and want to make sure with 150% accuracy that...
On Tuesday, Cowen analysts led by Jeffrey Osborne initiated coverage on shares of Nikola with an overweight rating and $79 price target, saying it’s “more than just a truck company.” The Final Round panel discusses the bullish call. ...
Hertz suspended its plan to sell up to $500 million in shares amid scrutiny from regulators. Yahoo Finance’s Jared Blikre joins The Final Round panel to break down the latest news. ...
