China advancement concerns have strike a big alcoholic beverages stock. Why some analysts see a purchase opportunity
Finance
Stocks making the biggest moves premarket: CoreWeave, Firefly Aerospace, Instacart, Wolfspeed and more
Check out the companies making the biggest moves in premarket trading: Firefly Aerospace — The space technology company’s stock fell 10% after one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace said no other facilities were affected and it is assessing the impact of the explosion. Wolfspeed — The […]
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Finance
One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor
Key Points Chamath Palihapitiya has launched a $345 million SPAC that he said was more than five times oversubscribed. The vehicle is designed to target companies in AI, energy, defense and decentralized finance. Palihapitiya once helped ignited the SPAC boom in 2020, but his first wave of deals mostly ended poorly for retail investors who […]
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Finance
Jennifer Garner’s baby food company Once Upon a Farm files for IPO on NYSE
Key Points Once Upon a Farm, the baby food company co-founded by actor Jennifer Garner, filed for IPO under the ticker “OFRM” on the NYSE. Goldman Sachs and J.P. Morgan are acting as joint lead underwriters. The Berkeley-based company increased its six-month revenue as of Jun. 30 by 66% according to its IPO filing. Source
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