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The value of Reddit shares has soared as it began trading on the New York Stock Exchange.
Reddit Inc. shares soared 48 per cent above their initial public offering price, as investors embraced the social media company’s vision of profiting from the growth of artificial intelligence.
Reddit is going public with a market value of $9.7 billion as investors bet the social media platform is ready for prime time in finance.
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Gold prices hit a new all-time high on Thursday, and there’s still room for it to surge as several countries are on a gold-buying spree.
BCI Minerals has secured an offtake deal with an Indonesian chemicals giant that moves it closer to unlocking the door to a pool of cash for its Mardie salt project near Karratha.
The Federal Reserve has kept US interest rates on hold and says it still expects to make three rate cuts this year.
The board of Boral has turned down the advances of Seven Group Holdings, which had offered a $3.1 billion deal to sweep up the remaining shares it did not already own in the building products supplier.
While BHP’s nickel pain deepens Chris Ellison’s Mineral Resources has pounced on the looming collapse of the industry to double down on its long-term prospects for lithium and open a third WA processing hub.
Short bets worth billions against some of the world’s largest lithium producers are under threat as a supply glut shows signs of thinning.
Myer has catapulted Olivia Wirth into the board’s top spot to drive the department store’s next phase of growth.
Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Federal Reserve’s cautious approach to cutting interest rates.
Share prices are surging. Investors are delighted — but also nervous. Once again, every conversation about markets veers unerringly back to the same question. Is this a bubble?
Reddit has disclosed further details of what is set to be one of the year’s biggest initial public offerings, with the company and some existing shareholders seeking to raise as much as $US748 million.
One of Australia’s most powerful superannuation funds is pitching for a seat on the board of Woodside Energy and has even put forward potential nominees to chair Richard Goyder.
US stocks have opened by dipping after mixed jobs reports, with tech stocks leading losses.