investing
Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America
The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half trillion dollars in assets told BAML that pessimism has been driven by concerns over U.S.-led …
Word of Trump-Xi meeting sends Dow more than 300 points higher
President Donald Trump tweeted to inform the public about a “very good telephone conversation” with Chinese Premier Xi Jinping. He said the two leaders would meet at the G20 summit in Japan next week. Trump previously said that China would face additional import tariffs if Xi didn’t show up to the summit. That gave stocks …
Pet supplies retailer Chewy raises $1 billion in IPO
Shares of Chewy, which was bought by retailer PetSmart in 2017 for nearly $3.4 billion, soared nearly 80% to about $39 in early trading Friday. The company was valued at more than $15 billion following the stock sale. Chewy priced its initial public offering Thursday at $22 a share. That was above the expected range. …
Cognitive health assessment startup Neurotrack raises $21M Series C
Digital health startup Neurotrack raised a $21 million Series C financing round as it looks to expand the reach of its cognitive assessment and training tools globally. The Redwood City-based startup was founded in 2012 and raised more than $50 million through investors and research grants. The company’s platform consists of a digital assessment to …
London Tech Week: UK extends European lead in technology investing with record $5bn this year
UK technology companies have extended their lead against European rivals with a record $5bn (£3.9bn) in venture capital in the first six months of 2019 after a wave of major deals. London now ranks second only to the San Francisco Bay Area in new $1bn financial technology companies, at 18. This year has seen major investment in UK start-ups, …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark