After just a few weeks of public life, shares of Instacart are already trading below their listing price. Still, numerous analysts see better days ahead.
: Yellen says the U.S. can support Israel and Ukraine in its wars simultaneously
Treasury Secretary Janet Yellen said the U.S. can afford supporting two countries — Israel and Ukraine — simultaneously.
Economic Report: New York Fed’s Empire State factory gauge slumps in October
The New York Fed’s Empire State business conditions index edged down to negative 4.6 in October, the regional Fed bank said Monday.
IPO Report: Birkenstock’s IPO was one of the worst debuts for a billion-dollar deal in a decade
German footwear company closed down 12.9% in its first day of trade, which was the worst for a billion-dollar deal since AppLovin fell 18.5% in its 2021 deal.
Futures Movers: Oil prices decline on report U.S. may ease sanctions on Venezuela
Oil futures end lower Monday after a jump at the end of last week, pressured by a report that the U.S. may have reached a deal with Venezuela to ease oil sanctions.
: KKR puts forward offer to buy Telecom Italia
Telecom Italia said KKR had put forward a bid to buy its fixed grid network as the heavily-indebted phone company seeks to cut its debts
Need to Know: It’s earnings season. Why Netflix and Nvidia have been crossed off this firm’s list for quality stocks.
A storied investment firm says investors shouldn’t pay too much attention to earnings news.
: Ford recalls more than 230,000 Explorers for driveshaft issue
Ford is recalling 238,364 Explorers, as the rear axle horizontal mounting bolt may fracture, causing the driveshaft to disconnect.
Market Extra: Polish assets bounce as investors welcome election victory for pro-EU parties
Poland’s stocks, bonds and currency jumped as investors bet that pro-European Union parties were on course to defeat the incumbent nationalists.
Movers & Shakers: Pfizer shares fall on guidance cut, weighing on BioNTech and Moderna stocks, and other shares on the move
Shares in Pfizer, BioNTech, Moderna, Manchester United, and Lululemon Atheltica were all active in premarket trading
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