Reddit Soars 48% At IPO📱VRNOF MU 📈 FIVE SOUN 📉

FlowBank's hand-curated fresh financial news [header_noDither] Reddit's Stellar NYSE Debut: Shares Soar 48% Reddit marked its impressive entry into the New York Stock Exchange by surging 48% in its debut, after pricing its IPO at the higher end of the spectrum at $34 per share. The social media platform raised approximately $750 million, with $519 million directly benefiting the company. Reddit's opening price skyrocketed to $57.80 at its peak, eventually closing at $50.44, elevating the company's market value to around $9.5 billion. This debut is a significant moment in the tech IPO landscape, showcasing Reddit's strong market performance amidst investor anticipation for fresh tech stocks, despite the company facing competitive pressures and regulatory scrutiny over its AI data practices. WHAT'S MOVING [Group 1742 (52)-1] [Start Trading](113/cXx8Z04/VX8ncW6j1zFcW35c6hq2Czg2qW842MfZ5bZG5mN6-TNZM2-ZVTW6N1vHY6lZ3lRMVZ5lH2tCw7W4Fmp6g4TPgRVW5VcGXk6Xl-N3W1v2ZhJ7J3NLXW8r3RvN155FwQW922rcL6RX-M8W8Xx1JV64LqgjW682KDN4W6ZYwN8dV4CYXpTFjW1fs67Q4-KCm7W3kSy7H6KQ9XbW7RV7wr2zPXhYVxqcx279NGYHW2JnLz15VcJQ2N2FJRQ-BbTYDW32Nk3l4Pq6g6W8c0NfD4rM3RnN4XXMFWFxzjwW7YHQtF3PBc0xW4DgBNZ7t4f9YW68H4V286HHszN4Hl3wGQyQg4f31LBgs04) [Group 1754 (1)] Tesla Senator Elizabeth Warren calls on the SEC to investigate Tesla and CEO Elon Musk for potential misappropriation of resources and conflicts of interest, spotlighting Musk's dual roles and governance issues. [Group 1753 (3)] Apple The U.S. Department of Justice sues Apple, accusing its iPhone ecosystem of monopolistic practices that could lead to a landmark antitrust case with implications for Apple's business model and market control. [Group 3 (52)-1] Nike Nike surpasses holiday sales expectations but faces slowing growth in China, leading to a mixed financial outlook amidst a broad restructuring plan aiming to cut costs by about $2 billion over the next three years. WHAT'S COMING UP? USD: Fed Chair Powell Speaks ALL: CFTC speculative net positions IN OTHER NEWS Wall Street U.S. stock futures rose slightly on Friday, following record closes by the three major stock indexes for two consecutive days. The Dow, S&P 500, and Nasdaq Composite all achieved new all-time highs during the day, with gains of approximately 0.7%, 0.3%, and 0.2%, respectively. This marked the fourth consecutive day of gains for these indexes. [Group 1769] Europe European stocks hit a new all-time high on Thursday, buoyed by recent decisions from the Bank of England and Swiss National Bank. The Stoxx 600 index soared to a record close of 509.95 points, with most sectors seeing gains. Technology stocks led the rally with a 3.2% increase, although utilities saw a slight dip of 0.39%. The Bank of England's decision to keep interest rates steady, perceived as dovish by investors, gave a significant boost to U.K. stocks. MARKET INSIGHTS Forex Weekly Outlook: BoJ Hikes Rates But All Eyes Are On The Fed It’s a historic week for central banks, as the Bank of Japan (BoJ) raised interest rates by 10 basis points to 0%-0.1% for the first time in 17 years, marking the end of the period of negative interest rates globally. [Read more](113/cXx8Z04/VX8ncW6j1zFcW35c6hq2Czg2qW842MfZ5bZG5mN6-TNZ82-ZVTW5BW0B06lZ3n9W6mtR5m1_4-glW6QCfpR75qJnyW98pbwD3_l8z0W7xQgWb11g2znW5P9H0H3mQ_11VsV5NH9gCbHHV8wG3Q2q3Nx8W6g1z1_8qpGrJW54qq_X8VhS4LW87bG9L2p4LPzW6g4zyX2CJxQrW91BG2c2_PSLBW2JdxB41P4-kpV-VLZp1NlwP8W2Vfdgb60r3knW7Cp-Pm70N95DF6-gpqQTd-3VqHSWb2nkhfMf4h_5SK04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. 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