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Added on the 14/06/2016 09:08:22 - Copyright : Wochit
Petco soared as much as 73% in its first day of trading on Thursday. Petco raised $817 million in its IPO debut after its shares priced at $18. The IPO frenzy has continued into 2021 following the trading debut surges of Affirm and PoshMark. Business Insider reports that Petco priced its IPO at $18 per share and sold 48 million shares. The Pet Care company operates about 1,470 pet-care centers that sell food, toys, and supplies for a range of pets.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
LGBT pro-gun group The Pink Pistols proclaim that now is the time to arm gay and trans people. After Orlando, they bring a new side to the gun debate. Will guns protect the LGBT community?
Democratic and Republican U.S. Senators make arguments on four different gun control measures that were all voted down in the aftermath of a massacre that left 49 people killed in Orlando one week ago. Rough Cut (no reporter narration).
The head of the NRA, Wayne LaPierre, says that the Obama administion is trying to “cover their butts” but focusing on gun control instead of terrorism after the Orlando massacre. Rough Cut (no reporter narration).
U.S. President Barack Obama uses his weekly web and radio address to say Americans "always will" stand with the victims of the Orlando massacre, and says lawmakers must revisit the issue of gun control. Rough Cut (no reporter narration).
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