Reddit’s IPO as much as five times oversubscribed: report
In The Claman Countdown, Adena Friedman explains why startups are struggling to go public in uncertain times. Reddit’s initial public offering (IPO) is currently targeting a valuation of $6.5 billion and is oversubscribed by four to five times, people familiar with the matter told Reuters on Sunday. Oversubscription does not guarantee that Reddit will perform […]
Inflation pops, Boeing battered, TikTok in play and Bernie Sanders flips out
Ken Fisher, founder and chairman of Fisher Investments, discusses the Fed’s plans to cut interest rates and talks about the stock market’s decline as inflation continues on “Kabuto: Coast to Coast.” – Wall Street ends the week on a down note, but Bitcoin investors continue to celebrate -Boeing’s reputation is getting worse -Inflation gradually rises […]
Real Estate Group Reaches Deal That Could Cause Massive Change To How Americans Buy Homes
The National Association of Realtors (NAR), a trade association for the real estate industry, announced a massive settlement on Friday, which includes a rule change regarding how listing services collect commission that could dramatically change the costs associated with buying a home. The new deal resolves a number of different antitrust suits against the group […]
Federal Court Halts Biden Admin’s Corporate Emissions Disclosure Rule
An appellate court paused the Biden administration’s corporate emissions disclosure rule on Friday. The U.S. Court of Appeals for the Fifth Circuit granted Liberty Energy’s request for an administrative stay against the Securities and Exchange Commission’s (SEC) corporate climate risk and emissions disclosure rule, according to a court filing. The regulation requires medium-sized and large […]
Realtors reach settlement that will change how Americans buy and sell homes
Redfin CEO Glenn Kelman talks about promising housing market trends on Cavuto: Coast to Coast. The National Association of Realtors announced Friday that it has reached a nationwide settlement alleging the industry conspired to keep brokerage fees high, marking the biggest change in decades to how Americans buy and sell homes. announced that it would […]
Prosecutors want a 40-50 year prison sentence for Sam Bankman-Fried
Howard Fisher, a partner at the law firm of Moses Singer, told “The Claman Countdown” that both sides in Sam Bankman Freed’s case will “make good arguments.” Sam Bankman Fried should be sentenced to 40 to 50 years in prison after being found guilty of stealing $8 billion from customers of bankrupt cryptocurrency exchange FTX, […]
Feds Rule On McDonald’s Lawsuit About Fixing Broken Ice Cream Machines
The federal government ruled Thursday that McDonald’s should be allowed to fix its broken ice cream machines using third-party hacking devices. The Federal Trade Commission (FTC) and the antitrust unit of the Department of Justice (DOJ) agreed that preventing business owners from hiring third-party repairmen limits competition and increases repair costs, a new filing revealed, […]
WeightWatchers CEO sends internal memo to employees as stock plummets amid Oprah exit
Fox News medical contributor Dr. Mark Siegel talks about Eli Lilly’s response to the prescription drug epidemic on “The Claman Countdown.” WeightWatchers CEO Sima Sistani is trying to rally his team as the company’s stock price continues to slump following his announced resignation. oprah winfrey From the bulletin board from 2 weeks ago. The CEO […]
McDonald’s Locations Across The World Forced To Temporarily Shut Down
McDonald’s locations across the world were forced to temporarily shut down Friday over a “technology system outage.” Multiple McDonald’s restaurants reported system failures, causing some locations to temporarily close as they were being fixed, according to The Associated Press (AP). “McDonald’s experienced a global technology system outage, which was quickly identified and corrected. Many markets […]
Target bringing express self-checkout to stores
In Arizona, Target shoppers are running to get their hands on a special Valentine’s Day edition 40-ounce Stanley tumbler. (Credit: @victoria_robino_26/LIFESTYLOGY /TMX) The self-checkout experience at Target is about to change. Targeted shoppers will begin using an “Express Self-Checkout” format starting Sunday at most of the nearly 2,000 retail stores across the country. Target says […]