Subrat Patnaik

Navan Inc., a business travel and expense management software maker, and some of its shareholders raised $923.1 million in a US initial public offering priced in the middle of the marketed range.

Navan Inc. shares slumped 12% after the business travel and expense management software maker and some of its shareholders raised $923.1 million in an initial public offering.

Apple Inc. shares rose as much 0.4% to hit $4 trillion in market value, making the iPhone maker only the third public company in history to reach the milestone.

A meme-stock craze took hold on Wall Street once again in mid-October, as shares of Beyond Meat Inc. surged more than 1,300% over a four-day period. The sudden rally echoed frenzies that originated during the Covid pandemic and have periodically set off unusually large jumps in beaten-down stocks championed by social media influencers.

Beyond Meat Inc. shares jumped as much as 73% soon after the opening bell, boosting its four-day rally to over 1,100%, in an echo of the meme-stock frenzies that have periodically set off unusually large jumps in beaten-down stocks championed by day traders.

Navan Inc., a business travel and expense management software maker, and some of its shareholders are seeking to raise as much as $960 million in an initial public offering, moving forward with a listing despite the US government shutdown.

Navan Inc. a business travel and expense management software maker, filed publicly for a US initial public offering.

Via Transportation Inc. shares increased 7.6% above their initial public offering price after the public transportation software maker and some of its backers raised $492.9 million.

Investors are questioning the whole premise of buying a stock for its crypto holdings.

US index futures were little changed on Monday as investors weighed the impact of federal appeals court ruling that deemed most of President Donald Trump’s global tariffs as illegal.