Fri, Sep 20, 2024 2:45 PM
Avi Ansh Textile IPO Day 1: Issue subscribed 37% so far
A Flip by Shubhangi Gupta
Trump Media & Technology Group shares dropped to their lowest level since IPO, falling 4% as a lockup period preventing insider selling is set to expire, allowing Trump to sell his nearly 60% stake worth $1.7 billion. Trump has stated he has no intention of selling, but if he does, it could be a major headwind for investors.
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The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value. The Fed looks like it's following the same path it did in 1995, according to TS Lombard. That sets the stage for the economy to avoid a recession as it did in the 90s, the firm said. It's also great news for stocks, as the S&P 500 more than doubled in value that decade.
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Meituan’s strategy to focus on lower prices has helped the Chinese food delivery company beat sales targets even as the slowing economy drags peers. Investors are now wondering whether its steep share-price gains can last as the macro weakness deepens. The firm last month posted 21% sales growth and a record high gross margin for the latest quarter despite anemic consumer spending.
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