Yields Are Near Their Peak. Don’t Wait to Buy Bonds.

Yields Are Near Their Peak. Don’t Wait to Buy Bonds.

Text size The Federal Reserve building in Washington. Stefani Reynolds/AFP/Getty Images A “hawkish pause” at the Federal Reserve’s September policy meeting has pushed bond yields to 17-year highs, as investors accept a higher-for-longer interest rate stance. Whether or not they have further to rise in the coming months, locking in today’s yields on offer is … Read more

Instacart Founder Steps Back as Company Goes Public

Instacart Founder Steps Back as Company Goes Public

Text size “An idea that started in my bedroom has transformed the way people shop for groceries,” Instacart co-founder Apoorva Mehta said Tuesday. David Paul Morris/Bloomberg One twist in Tuesday’s closely watched Instacart IPO is that it marks the departure of co-founder Apoorva Mehta, who started the company in 2012. Instacart, which is officially known … Read more

Instacart stock begins trading on Nasdaq

Instacart stock begins trading on Nasdaq

Instacart (CART) stock began trading on Tuesday, opening at $42 per share on the Nasdaq. The grocery delivery app had set a price of $30 a share for its IPO, valuing it at roughly $10 billion. The stock rose more than 40% just after it began trading before receding throughout the afternoon to close its … Read more

GM dismissed Tesla in 2009 as a ‘bunch of engineers playing with laptop batteries,’ Nikola’s CEO says

GM dismissed Tesla in 2009 as a ‘bunch of engineers playing with laptop batteries,’ Nikola’s CEO says

Elon Musk.Patrick Pleul/Pool/AFP via Getty Images General Motors viewed Tesla in 2009 as a “bunch of engineers playing with laptop batteries.” Nikola CEO Steve Girsky, who served on GM’s board, recalled being told that in a recent Q&A. Tesla now ranks among the world’s most-valuable companies with a $830 billion market capitalization. One of Tesla’s … Read more

The stock market’s current valuation is ‘a really good deal’ for long-term investors trying to build wealth, Wharton professor Jeremy Siegel says

The stock market’s current valuation is ‘a really good deal’ for long-term investors trying to build wealth, Wharton professor Jeremy Siegel says

Getty Images The stock market’s current valuation represents “a really good deal” for investors, according to Wharton professor Jeremy Siegel. The S&P 500 is trading at a forward price-to-earnings ratio of about 19x, slightly above its historical average. Siegel expects the stock market to hold up relatively well into year-end despite high interest rates and … Read more