MELBOURNE (Reuters Breakingviews) - Just as Rivian Automotive makes the electric-vehicle market look racier, another risqué deal comes along. The Amazon.com-backed company on Tuesday priced its initial public offering at a $77 billion val
Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise about $10.5 billion, people familiar with the matter said on Tuesday.
Amazon-backed EV maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise over $10 billion, people familiar with the matter said on Tuesday.
What happened
Shares of PayPal Holdings (NASDAQ: PYPL) declined by 10.5% on Tuesday after the sales and profit outlook of the digital payments company fell short of the market's expectations.
Tesla Inc shares posted their worst daily fall in 14 months on Tuesday as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk.
What happened
Shares of Amazon (NASDAQ: AMZN) were gaining today after PayPal Holdings (NASDAQ: PYPL) announced that users of its payments app Venmo will be able to buy products on Amazon with the app starting next year.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon.com Inc (Symbol: AMZN), where a total of 282,103 contracts have traded so far, representing approximately 28.2 million underlying shares. That amounts to about 84
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What happened
Shares of Aterian (NASDAQ: ATER) are making big gains on Tuesday. The company's share price was up roughly 14.5% today as of 11:30 a.m. EST.
Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said.
Amazon is seeking to settle two EU antitrust investigations that would stave off potential hefty fines and intrusive orders to change its business practices, people familiar with the matter said.
E-commerce stocks have struggled in recent months as the reopening of retail stores has shoppers spending more time offline. This has led to more investor uncertainty surrounding this sector.
MercadoLibre (NASDAQ: MELI) reported strong numbers after releasing its third-quarter 2021 earnings report on Thursday, Nov. 4. This was welcome news to investors, as MercadoLibre and other e-commerce stocks have struggled in 2021 amid uncertainty about the effect of reopenings.
French supermarket group Carrefour on Tuesday pledged to spend 3 billion euros ($3.47 billion) between 2022 and 2026 to step up digital commerce expansion, a key pillar of the new strategy plan its boss Alexandre Bompard is working on.
Poland's e-commerce platform Allegro said on Tuesday it swung to a net profit in the third quarter, beating analysts' forecasts, as consumers continued to shop online despite the easing of pandemic-related restrictions.
India's financial crime fighting agency has ordered Future Group to submit documents related to its 2019 deal with Amazon.com Inc as part of an investigation into possible breach of foreign investment laws, according to sources and a notice seen by Reuters.
Macy's Inc will raise the minimum wage of its more than 100,000 U.S. employees to $15 an hour by May, the department store chain said on Monday, as retailers fight to hire and retain workers in an increasingly competitive labor market.
Investors in Amazon.com Inc (Symbol: AMZN) saw new options begin trading today, for the May 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 193 days until expiration the newly trading contracts repre
After years of raging bull market conditions, many Americans will be sitting on large unrealized capital gains in their mutual fund portfolios.That's a good thing, of course, but those gains do carry significant tax risks. And they are risks you can't necessarily control.
MercadoLibre's (NASDAQ: MELI) stock price rose 5% on Nov. 5 after the Latin American e-commerce giant posted its third-quarter earnings.Its revenue rose 66% year over year (73% on a constant currency basis) to $1.86 billion, which narrowly missed estimates by $30 million. However