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Monthly Archives: June 2023

Tech IPO drought reaches 18 months despite Nasdaq first half rally

Karl-Josef Hildenbrand | AFP | Getty Images Car-sharing service Turo filed its IPO prospectus in January 2022. A month earlier, Reddit said it submitted a draft registration for a public offering. Instacart’s confidential paperwork was filed in May of last year. None of them have hit the market yet. Despite …

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Amazon soon expected to face FTC antitrust lawsuit, report says

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will soon face a long-anticipated antitrust lawsuit from the Federal Trade Commission, Bloomberg reported on Thursday. The complaint is expected to focus on Amazon’s online marketplace and …

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Sweden’s krona hits new record low as central bank hikes

Sweden’s currency briefly hit a record low Thursday morning after the central bank raised interest rates. Bloomberg | Bloomberg | Getty Images Sweden’s krona hit a new record low Thursday after the country’s central bank raised rates and played down the possibility of market interventions as the currency falls and …

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3 reasons it can be smarter to rent, even if you can afford to buy

Svetikd | E+ | Getty Images 1. You’re unsure about the long term Prospective homebuyers should have conviction about where they want to live, said Kamila Elliott, a CFP based in Atlanta and a member of CNBC’s Advisor Council. For example, would they enjoy living for several years in a …

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Self-made millionaire Ramit Sethi drives same car he bought in 2005

Ramit Sethi is a self-made millionaire and the star of Netflix’s “How to Get Rich” — but don’t expect him to splurge on a luxury car any time soon. In fact, Sethi still drives the same Honda Accord be bought himself after graduating from college in 2005. “It’s a very …

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Will the Supreme Court pass student debt forgiveness? What’s at stake

The Supreme Court is expected to deliver a ruling on President Joe Biden’s student debt forgiveness plan this week.  Back in February, the Supreme Court heard oral arguments in two lawsuits challenging the plan. Now, as the current term comes to an end, the justices will determine the fate of …

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Huawei’s Meng Wanzhou says applying 5G to business was difficult

Huawei Technologies Chief Financial Officer Meng Wanzhou reacts as she leaves her home to attend a court hearing in Vancouver, Canada, August 10, 2021. Jennifer Gauthier | Reuters SHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had …

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How a Supreme Court case could affect federal wealth tax proposals

The U.S. Supreme Court building in Washington, D.C., on June 27, 2023. Kevin Dietsch | Getty Images The Supreme Court will soon hear a case that could affect broad swaths of the U.S. tax code, corporate revenue and federal wealth tax proposals. The case, Moore v. United States, is slated …

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ILWU Canada West Coast port workers to strike starting July 1

The Port of Vancouver and the Vancouver Centerm Terminal in Vancouver, British Columbia, Canada, on Thursday, March 23, 2023. Bloomberg | Bloomberg | Getty Images After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting …

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Asia pushes back on ‘excessive’ currency moves amid enduring dollar strength

The People’s Bank of China set the yuan trading mid-point on June 28 at its weakest in eight months. Sheldon Cooper | SOPA Images | LightRocket via Getty Images Top currency officials in Asia are pushing back on bets that sent their currencies to their lowest in seven months this …

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