Instacart Is Planning to Sell Shares in IPO for $30 or More
Grocery delivery business Instacart is planning to sell shares in its initial public offering for $30 apiece and perhaps more, according to people familiar with the matter.
Bloomberg Business
Pandora Sees ‘Christmas Every Day’ With Lab-Grown Diamond Demand
Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth.
US Holiday Hiring Will Be the Weakest Since 2008, Challenger Says
US holiday hiring for retailers this year is estimated to be the lowest since the financial crisis as the labor market cools and interest rates rise, according to Challenger, Gray & Christmas.
Pot Stock Rally Burns Short Sellers for $105 Million
A surge in shares of cannabis companies has saddled short sellers with more than $105 million in losses this year, but that hasn’t stopped traders from betting against the sector.
Arm Falls After Bernstein Downplays Company’s AI Prospects
Arm Holdings Plc shares fell on Monday after Bernstein started coverage on the newly public chip designer with an underperform rating, suggesting it may not be the beneficiary of artificial intelligence that some investors expect.
Blinken Meets Chinese Vice President on Sidelines of UN Assembly in New York
China’s Vice President Han Zheng told US Secretary of State Antony Blinken that both sides need to meet each other halfway in a meeting on the sidelines of the United Nations General Assembly on Monday.
Musk Assures Netanyahu He Is Against Antisemitism
Elon Musk opened up a discussion with Israeli Prime Minister Benjamin Netanyahu by staunchly defending himself against accusations of antisemitism.
Toyota Keeps Up the Push to Prove It Can Embrace New Technology
Toyota Motor Corp.’s campaign to show customers, suppliers and investors that it’s serious about electrification was on display again this month, with another round of demonstrations following a similar effort back in June.
Oil Extends Rally as Physical Market Flashes Signs of Tightness
Brent oil closed near a 10-month high, extending a rally driven by supply curbs from OPEC+ leaders.
SpaceX’s Starship Still Needs Wildlife Agency Review to Resume Launch
US Fish and Wildlife officials have yet to begin a formal review of SpaceX’s upgrades following Starship’s April explosion, which could push back the next launch window for Elon Musk’s space company by months.
