Netskope jumped more than 18% in its Nasdaq debut on Thursday, pushing the cybersecurity firm to $8.6 billion in market value.The stock debuted at $23 under the ticker symbol “NTSK,” after Netskope sold shares at $19 on Wednesday at the top end of its recently upped pricing range. The sale raised over $908 million.CEO and co-founder Sanjay Beri said in an interview with CNBC ahead of the first trade that the offering was more than 20 times oversubscribed. Netskope aims to help companies protect their data while harnessing artificial intelligence tools.”The world is moving to AI and cloud,” he said.…
Author: usaeverydaylife
The stock market raced to another record high this week after the Federal Reserve cut its benchmark interest rate, but some stocks may have risen too high, too fast. The S & P 500 rose a half of 1% on both Thursday and Friday, each time closing at a new all-time high after the Fed lowered interest rates by a quarter of a percentage point, its first rate cut this year. The central bank also signaled on Wednesday that it could approve at least two more reductions during the remainder of 2025, and another sometime in 2026. But with the…
These are some of the stocks posting the largest moves in the premarket. Source link
Tesla’s growth outlook could provide some support for its shares, though they may still come down a bit from current levels, according to Goldman Sachs. The Wall Street investment bank, which kept a neutral rating on the electric vehicle maker in a report issued Wednesday, raised its price target to $395 from $300. Yet, even that updated target still implies a potential 7% down move in Elon Musk’s carmaker over the next 12 months compared with Wednesday’s close. Goldman’s higher price target was stirred by a “move higher in market multiples more generally, as well as the growth rate we…
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Disney is under siege from all sides.Within 48 hours of its decision to pull late-night host Jimmy Kimmel off the air indefinitely, the parent company of ABC has once again found itself at the center of a bitter political battle. The company now faces protests outside its studios, celebrities threatening to break ties and political pressure from Republicans and Democrats.Kimmel’s removal came Wednesday after he commented on Charlie Kirk’s killing. ABC’s decision has further amplified a free speech debate that began in the immediate aftermath of Kirk’s assassination, with some on the left claiming that people on the right were engaging in the…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesWhen it comes to the new $799 Meta Ray-Ban Display glasses, it’s the device’s accompanying fuzzy, gray wristband that truly dazzles.I was able to try out Meta’s next-generation smart glasses that the social media company announced Wednesday at its annual Connect event. These are the first glasses that Meta sells to consumers with a built-in display, marking an important step for…
Three years ago, Sam Altman lit the fuse for what’s become the most explosive bull run in the history of tech startups with the launch of ChatGPT.Along with OpenAI’s rapid rise to a $500 billion valuation, other prominent names like SpaceX, Anthropic and Anduril have seen astronomical markups of late. In total, a basket of seven of the highest-valued private tech companies is now worth $1.3 trillion on paper, almost doubling in the past year, according to Forge Global, which provides a marketplace for private investments. Forge’s value assessments are based on trading activity as well as funding round valuations…
Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further than that.In other words, be careful what you wish for.”If they go too much more on interest rates, depending what happens with the economy … it gets into the danger territory,” Tepper said Thursday on CNBC’s “Squawk Box.” “You’ve got to be careful not to make things too hot.”His comments come after the central bank lowered interest rates by a quarter point Wednesday, the first cut this year, while…
There was a lot of confusion over the Federal Reserve’s rate decision and outlook Wednesday afternoon. Yes, the central bank made the rate cut the market wanted and signaled more were coming. But Chair Jerome Powell characterized it as just a “risk management” cut, pouring cold water on some of the enthusiasm. The Fed’s so-called dot plot of rate forecasts only added to the confusion, showing a scatter plot of views for the new year. The stock market appeared to like the central bank’s actions at first, then not like them, then endorse them again somewhat before the close. And…
