24/7 Wall St.

Though insider buying has slowed to a trickle in the past two weeks, two CEOs and two beneficial owners made notable purchases.
The post Insider Buying in These 2 IPOs Is Huge, Plus Financial CEOs Pick Up Shares appeared first on 24/7 Wall St..

Insider Buying in These 2 IPOs Is Huge, Plus Financial CEOs Pick Up Shares

Pershing Square USA said on Wednesday it was withdrawing its initial public offering.

Bill Ackman’s Pershing Square USA withdraws US IPO

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

In case you have been living under a rock for the past year and a half, NVIDIA Corp. (NASDAQ: NVDA) has been the market’s hottest stock and is now one of the largest companies — as measured by market capitalization — in the entire world. After the chipmaker underwent a recent 10-for-1 stock split on June […]
The post If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now appeared first on 24/7 Wall St..

If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now

Reuters

(Reuters) - Mynt, which operates the Philippine e-wallet brand and IPO-hopeful GCash, has more than doubled its valuation to $5 billion following investments from Ayala Corp and Japan's Mitsubishi UFJ Financial, the companies said in separate statements on Friday.

Philippine's Mynt gets valuation boost at $5 billion with Ayala, MUFG funding

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

Denver, CO

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David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

NEW YORK (Reuters) - J.M. Smucker, known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand at more than $350 million, according to people familiar with the matter.

Smucker seeks to divest cookie brand Voortman, sources say

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

North Carolina State

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Town Talks

North Carolina’s beloved Biscuitville has once again been recognized as one of the best regional fast food chains in the United States. In USA Today's annual 10 Best Readers’ Choice Awards, Biscuitville ranked second overall and was also named the No. 1 best fast food breakfast spot in the country.

North Carolina is home to one of the best regional fast food chains in America

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

New Jersey State

Cinnaminson, NJ

A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11. Fastline Cargo, doing business as FLC, of Cinnaminson, filed its petition on Monday in the U.S. Bankruptcy Court for the District of New Jersey. In the petition, FLC,...

New Jersey trucking company files for Chapter 11

BENGALURU (Reuters) -Ola Electric's IPO drew bids worth over $2 billion from institutions ahead of its opening for retail investors, with shares allocated to Nomura, Norges Bank and some Indian mutual funds, a source with direct knowledge said. Indian Electric scooter maker Ola, backed by SoftBank, plans to raise $734...

India's Ola Electric IPO Attracts $2 Billion of Bids From Big Institutions, Source Says

While many start-up EV makers are grappling with difficult headwinds, Rivian continues to shine. Despite the narrative that start-up electric vehicle (EV) makers are struggling, and that the EV growth rate in the U.S. has slowed, Rivian Automotive (RIVN -0.25%) continues to tally up positive developments. Edmunds.com named the R1T launch edition its favorite EV among start-ups. What's more, Rivian inked a joint venture deal with global automaker Volkswagen for up to $5 billion, and it topped second-quarter delivery estimates.

Great News for Rivian Investors

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Management from Landstar System said Tuesday that truckload rates appear to have stabilized and may be recovering. It reported weaker-than-normal volumes for July but said increases in revenue per load are outpacing typical seasonal patterns. The Jacksonville, Florida-based freight broker said it normally sees a 4% decline in loads per...

Landstar sees stabilizing trends, still awaiting TL market turn

Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secretary Steven Mnuchin), J.C. Flowers and other institutional investors are also participating in the deal, Enstar said.

Update: Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B

Addison, IL

Chicago Food King

Living in the area of Wood Dale, I am always on the hunt to try somewhere local and support them. I remember trying Elio Pizza several years ago and I was not really impressed with the food. However, my biggest complaint was the atmosphere created by the employees. My first interaction felt very cliquey, with preferential treatment given to people they knew instead of new customers.

This Popular Italian Restaurant in Addison has lost my business for good—no more Chances.

TheStreet

Here’s what analysts see happening next to TransMedics shares.

Analysts revise TransMedics stock price target after earnings

NewsBreak

Lineage to share $100M from IPO proceeds with employees

Cold storage warehouse operator Lineage Inc. said it plans to share $100 million from the proceeds of its successful initial public offering with employees. The Novi,...

Lineage to share $100M from IPO proceeds with employees

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