Reddit’s public debut is not only a watershed moment for the social media company, but it could also bring broad benefits to the Wall Street firm leading the multibillion-dollar deal: Club holding Morgan Stanley. On Thursday, Reddit will begin trading on the New York Stock Exchange with a target valuation of about $6.5 billion. If …
What Reddit’s IPO Means for Morgan Stanley Portfolio Name Read More »
NEW YORK (AP) — It seems like a strange mishmash: A former Trump cabinet official says he wants buy TikTok just days after leading a group that pumped $1 billion in a broken bank. But in fact, it all fits into Steven Mnuchin’s complicated career. The man who served as former President Donald Trump’s Treasury …
Goldman Sachs has three trading strategies for investors trying to navigate a market it says is “historically overvalued.” The Wall Street investment bank doubts stocks can continue to rise, citing the S&P 500’s historically high valuations on both an aggregate and equal-weighted basis, according to a note last Friday. The broader index trades at approximately …
Goldman Sachs offers 3 investment strategies for an expensive stock market Read More »
