Asset valuations are elevated, Bank of England says
Asset valuations “appear elevated” relative to historic norms, the Bank of England said Friday in its financial policy committee report.
Asset valuations “appear elevated” relative to historic norms, the Bank of England said Friday in its financial policy committee report.
Nikkei 225 climbs 1.6%
Shares of Tortilla Mexican Grill PLC rose as much as 10% as it started trading on the London Stock Exchange’s junior AIM, implying a market capitalization of 77.3 million pounds ($105.3 million).
Dow Inc. expects planned investments to add more than $3 billion of earnings before interest, taxes, depreciation and amortization to its results, including projects to produce its chemical products with lower emissions.
Palantir Technologies Inc. shares rallied in the extended session Tuesday after the data-software company said it was selected for a U.S. Army intelligence program contract.
Citi’s Tobias Levkovich dead at 60
Tech stocks seem to be falling off the rails of late, with the Nasdaq Composite COMP slumping Monday to take the benchmark index 7% below its record high.
Solo Brands, a Texas-based maker of Solo fire pits and stoves for homes and camping sites as well as the Oru folding kayak, among other products, has filed for an initial public offering. The company seeks to sell $100 million worth of shares, according to a filing late Monday, although that figure is often a placeholder used to calculate filing fees. Underwriters include B. of A. Securities and J. P. Morgan.
Shares of OpGen Inc. OPGN, +6.52% rocketed 31.9% in active premarket trading Monday, after the precision medicine company provided a revenue update following the recent Food and Drug Administration clearance of its Acuitas AMR Gene Panel to aid in the diagnosis of severe infections.
Duckhorn Portfolio Inc.’s financial guidance for the current year beat Wall Street expectations, driving up the stock in after-hours trading.