Tech IPO drought reaches 18 months despite Nasdaq’s sharp rebound in first half of 2023
Even with tech stocks rallying this year after a brutal 2022, internet and software companies are steering clear of the IPO market.
First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision
The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought.
Amazon to soon face big FTC antitrust suit over online marketplace power, report says
The FTC antitrust complaint is expected to focus on Amazon’s online marketplace and could be filed in the coming weeks, Bloomberg reported.
CDC recommends RSV vaccines from Pfizer, GSK for adults 60 and older
The CDC said the shots from Pfizer and GSK are expected to be available this fall, when RSV – along with Covid and the flu – begins to spread at higher levels.
Madonna hospitalized with bacterial infection; upcoming tour delayed
The 64-year-old entertainer is expected to make a full recovery but remains under medical care, her manager said.
Nvidia downplays possible U.S. chip export restrictions
Nvidia stock started recovering on Kress’ comments before falling about 1.8% in intraday trading.
Justice Department charges 78 people with $2.5 billion in health-care fraud
The DOJ said the defendants allegedly defrauded health care programs used to take care of elderly and disabled people.
Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings
Powell spoke at a European Central Bank monetary policy forum in Sintra, Portugal.
Nvidia dips on report U.S. considering new A.I. chip export restrictions for China
The restrictions would impact Nvidia and AMD and come after the federal government already imposed controls on how powerful Chinese-export chips could be.
Watch Fed Chair Jerome Powell speak live at a policy forum in Portugal
Joining Powell are ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda.
