Day: September 15, 2022
Corebridge Financial Inc. CRBG, -1.26%, the life insurance unit of American International Group Inc. AIG, +0.27%, received a lackluster reception in its public debut, as the stock opened 2.4% the initial public offering price. The company said overnight that it’s IPO priced at $21 a share, at the low end of the expected range, as […]
Shares of Adobe Inc. ADBE, -16.98% sank 3.8% in premarket trading Thursday, after The Wall Street Journal reported that the digital media and publishing company was in advanced talks to buy Figma Inc. in a cash and stock deal valued at $20 billion. Figma is a San Francisco-based design software company founded in 2012. Citing […]
Citigroup Inc. C, -0.01% is due to submit Thursday to federal regulators a new plan for addressing deficiencies in its risk management infrastructure, The Wall Street Journal reported Thursday. The plan includes company milestones the Federal Reserve Bank and the Office of the Comptroller of the Currency (OCC) can review to judge the bank’s progress, […]
American International Group Inc. AIG, +0.37% said late Wednesday it priced the initial public offering of its life insurance unit Corebridge Financial Inc. CRBG, -1.36% at $21 a share, the low end of its price range. The company sold 80 million shares to raise $1.68 billion, marking the biggest IPO of the year to date. […]
• Gold under bearish pressure • Likely to fall to support level 1650.00 Gold under the bearish pressure after the price broke the pivotal support level 1690.00 (which has been reversing Gold from the middle of July). The breakout of the support level 1690.00 continues the clear multi-month downtrend that can be seen on the […]
• Adobe broke multi-month support level 350.00 • Likely to fall to support level 300.00 Adobe today opened with the sharp downward gap, which broke below the key multi-month support level 350.00 (which stopped wave (5) in the middle of June). The breakout of the support level 350.00 accelerated the active intermediate impulse wave (3), […]
Gold futures declined on Thursday to settle at their lowest price since April 2020. “Momentum and sentiment is very bearish” on expectations of a continued aggressive pace of interest rate hikes by the Federal Reserve at their meetings in November and December, said Chintan Karnani, director of research at Insignia Consultants. The Fed is expected […]
Shares of Gap Inc. GPS, -3.05% slumped 3.1% toward a seven-week low Thursday, after reports that Kanye West ended his relationship with the apparel retailer. The Wall Street Journal reported, citing a letter West sent to Gap, that the rapper and designer’s Yeezy LLC was ending the relationship because Gap breached the agreement by not […]
Cowen analyst Jaret Seiberg on Thursday said leadership in both the U.S. Senate and the House are for the first time working on a cannabis package based on the SAFE Banking measure to speed up financial transactions. With many legal cannabis companies still facing banking hurdles such as being forced to transact in cash, Cowen […]
Analyst Emmanuel Rosner at Deutsche Bank started coverage of SES AI Corp. SES, +1.49%, rating it a hold and giving it a $7 price target. “We believe the company is taking a thoughtful approach to developing hybrid lithium metal battery technology for the automotive industry, which could offer significant advantages over current li-ion batteries and […]
