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AP News | Equities.com |

The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year.

Founded in 2004 by investors including Peter Thiel, the company works with governments, law enforcement agencies and the defense establishment to organize and analyze huge volumes of data. The technology can be used to disrupt terrorist networks or battle human trafficking. Most recent...


AP News | Equities.com |

Global stock markets rose Monday as investors shrugged off worries about rising coronavirus infections in the United States and some other countries and focused on hopes for an economic recovery.

Indexes in London and Frankfurt rose after Shanghai led a market rally in Asia earlier. Wall Street futures also rose.

Markets carried momentum from last week after unexpectedly strong U.S. jobs data despite some American states reporting record new coronavirus in...


AP News | Equities.com |

The number of high school seniors applying for U.S. federal college aid plunged in the weeks following the sudden closure of school buildings this spring — a time when students were cut off from school counselors, and families hit with financial setbacks were reconsidering plans for higher education.

In the first weeks of the pandemic, the number of new applications fell by nearly half compared to last year’s levels, fueled by a precipitous decline among students at low-income schoo...


Reuters | Equities.com |

WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett’s Berkshire Hathaway holding company.The transactions disclosed Sunday are the first individual company bond purchases made by the Fed under new programs set up to nurse the economy ...


Ivan Martchev | Equities.com |

Last Friday was quadruple witching expiration day, which means options on futures, the futures contracts themselves, and options on stocks and indexes all expired on the same day. Some expired at the opening, while others expired at the close of trading, causing surreal moves in the futures market.Derivatives are a fascinating field that is not appropriate for every investor, but the really intriguing thing about a derivative contract is that if one is making money on a derivatives contract, tha...


Reuters | Equities.com |

NEW YORK (Reuters) - The New York Stock Exchange (NYSE) submitted an amended rule change with the U.S. Securities and Exchange Commission (SEC) on Monday in a bid to enable companies that debut on the stock market through a direct listing to raise capital.The move has the potential to transform the market for initial public offerings (IPOs), which are arranged by investment banks acting as underwriters rather than allowing companies to sell shares directly to investors.The SEC ...


Reuters | Equities.com |

BRUSSELS (Reuters) - Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as the bloc turned up the heat on online gatekeepers over alleged anti-competitive business practices aimed at blocking rivals. The European Commission said one investigation would look into the mandatory use of Apple’s proprietary in-app purchase system and rules preventing app developers from informing iPhone and iPad users of cheaper options els...


AP News | Equities.com |

Stocks closed a choppy day on Wall Street with broad losses Wednesday, despite fresh assurances from the Federal Reserve that it would keep interest rates low through 2022 and would continue buying bonds to help markets function smoothly.The S&P 500 fell 0.5%, extending losses from a day earlier. The benchmark index had briefly climbed 0.5% following the release of the central bank’s latest policy statement. Most sectors finished lower, but a surge in technology sector stocks helped push the Nasdaq above 10,000 for the first time, giving the index its third record high close in a row. Bond yields were broadly lower, reflecting caution among investors.


Reuters | Equities.com |

NEW YORK (Reuters) - Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. J.C. Penney, which employs roughly 85,000 people, filed for bankruptcy protection in May after the coronavirus pandemic forced it to temporarily close its more than 800 stores across the ...


Reuters | Equities.com |

(Reuters) - Warner Music Group Corp said on Wednesday it raised $1.93 billion in the biggest U.S. initial public offering (IPO) so far in 2020, with the world’s third-largest recording label selling more shares than originally planned.The deal marks a further sign of recovery for the U.S. IPO market, which was hampered in March by plunging stock prices caused by the COVID-19 pandemic.“We concluded that there was sufficient market momentum. Without ever trying...