• Bill Gates-backed vaccine maker CureVac shares nearly triple in Nasdaq debut

    Bill Gates-backed vaccine maker CureVac shares nearly triple in Nasdaq debut

    Shares of German biotechnology firm CureVac nearly tripled in their Nasdaq debut Friday, marking the first stock market debut of a company developing a potential vaccine to combat the novel coronavirus. The stock opened at $44 per share, up from the initial public offering price of $16 per share. CureVac, backed by Microsoft founder and …
  • Dave Portnoy lost ‘close to seven figures’ on controversial Remark stock

    Dave Portnoy lost ‘close to seven figures’ on controversial Remark stock

    Brash sports blog owner Dave Portnoy lost a small fortune on the controversial stock that landed him into a bitter spat with a short-seller this week, he told The Post in an exclusive interview. The Barstool Sports founder, who recently boasted that he’s a better investor than Warren Buffett, said his bet on Remark Holdings …
  • Barstool’s Dave Portnoy fires back at ‘used car salesman’ short-seller

    Barstool’s Dave Portnoy fires back at ‘used car salesman’ short-seller

    Dave Portnoy got into a fiery online spat with a skeptical investor Wednesday over a stock he says he no longer owns. The Barstool Sports founder kicked off his daily day-trading broadcast on Twitter by tearing into Wolfpack Research short-seller Dan David, who slammed him Tuesday for touting what David called “less than worthless” shares …
  • Tesla shares surge after Elon Musk announces stock split

    Tesla shares surge after Elon Musk announces stock split

    Tesla shares soared in premarket trading Wednesday after Elon Musk’s electric car-maker announced a 5-for-1 stock split. The company plans to give investors five shares of stock for each share they own on Aug. 28 in an effort “to make stock ownership more accessible to employees and investors,” it said after Tuesday’s closing bell. The …
  • Dave Portnoy slammed by short-seller over tech firm investment

    Dave Portnoy slammed by short-seller over tech firm investment

    Dave Portnoy says he buys stocks based on his mantra that they “only go up” — but a muckraking short-seller thinks one of his bets is in for a stomach-churning plunge. The famously flippant Barstool Sports founder — who has become a face for the recent day-trading boom since the coronavirus shut down this year’s sports seasons …
  • Airbnb reportedly readies for confidential IPO filing this month

    Airbnb reportedly readies for confidential IPO filing this month

    Home rental company Airbnb is reportedly planning to file confidentially for an IPO later this month. The filing would see Airbnb trading on public markets before the end of the year, according to the Wall Street Journal. It arrives as its core home rental business has been pummeled by the coronavirus pandemic, with travelers canceling …
  • Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
  • Robinhood app luring and robbing amateurs — like in the dot-com era

    Robinhood app luring and robbing amateurs — like in the dot-com era

    The 1990s were simpler times. The news was dominated by Bill Clinton’s various sexual escapades, but also a bubble in internet-related stocks that was partly fueled by the democratization of stock trading. The latter inflated the stock market generally, and if you’re old enough to remember, pretty much crashed it. Newbie investors took the brunt …
  • Apple briefly overtakes Saudi Aramco as world’s most valuable company

    Apple briefly overtakes Saudi Aramco as world’s most valuable company

    Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by Apple …
  • Facebook stock soars on resilient revenue growth amid coronavirus

    Facebook stock soars on resilient revenue growth amid coronavirus

    Facebook’s stock price soared in premarket trading Friday as Wall Street cheered its resilient revenue growth despite the coronavirus pandemic and an advertising boycott. Facebook shares had climbed about 6.6 percent to $250.09 by 7:15 a.m. after it reported more than $18.6 billion in second-quarter revenues Thursday, an 11 percent jump from the same period …