CNBC: Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
CNBC reports: President-elect Donald Trump’s pledge to impose a blanket tariff on all goods coming into the U.S. could ...
CNBC reports:
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019.
The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million.
The stock opened at $47 and reached a high of $57.80, marking a 70% increase at its peak for the day. It closed at $50.44, giving the company a market cap of about $9.5 billion…
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