Tesla’s Meme-Like Stock Surge Leaves Wall Street Feeling Wary
  • November 13, 2024

Tesla’s Meme-Like Stock Surge Leaves Wall Street Feeling Wary

(Bloomberg) -- Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some on Wall Street urging caution.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectu

Swiggy defies weak market in strong India debut
  • November 13, 2024

Swiggy defies weak market in strong India debut

Shares of Swiggy ended debut day up 10.67% at ₹455.95 ($5.4) on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. The closely watched listing makes the company a direct comparable for what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks a milestone for India's startup ecosystem, where several firms are eyeing similarly large public offerings in the next 24 months. It's also a major liquidity event for Swiggy's backers, which include Prosus (its paper returns have already reached $2 billion), SoftBank and Accel.

Eurex Delays EU Bond Futures in Blow to Bloc
  • November 13, 2024

Eurex Delays EU Bond Futures in Blow to Bloc

(Bloomberg) -- Europe’s largest bond futures exchange has postponed the introduction of a futures contract tied to European Union debt, a blow to the bloc’s aims to boost trading in its bonds.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo Distri