worse-than-expected earnings and revenue–despite a 77% surge in online sales–as the store shutters hundreds of stores.
Investment bank Citi downgraded its forecast on U.S. stocks Thursday, citing concerns over expected weakness in the dollar and lofty valuations for technology stocks in particular, echoing concerns fromAfter delaying a planned December IPO due to sky-high debuts from Airbnb and DoorDash, gaming company Roblox
late Wednesday it's raised $520 million in a private funding round that values the firm at $29.5 billion; the firm also announced it's now planning a direct listing rather than a traditional IPO."The events in Washington on Wednesday are dominating the media justifiably, but they didn’t have as much effect on markets as the volume of coverage would suggest," says Vital Knowledge Media Founder Adam Crisafulli.
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