Shares of Target fell Tuesday morning after the company said higher wages put pressure on profits during the holiday quarter. And Amazon shares are at a new record high, thanks to a new $2,000 price target from Monness Crespi.
Plus we speak with the SVP of global brands at Wyndham about the company's plans to spin off its vacation ownership business into a separate public company, as well as a new feature that gets you to unplug.
And Spotify and Dropbox have both filed to go public in recent weeks. We take a look at how the offerings may fare and what precedent they set for the IPO market this year.
Analysts at Baird reiterated their "outperform" rating on Apple stock, with a price target of $200. Kristen Scholer and Tim Stenovec walk you through setting a limit sell order on the TradeStation platform if you want to lock in gains if and when the stock hits that level.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
