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Toast soars 65% in IPO debut, valuing restaurant technology company at $33 billion

The firm priced its IPO at $40 per share Tuesday evening, well above its expected range of $34-$36 …

Matthew Fox   


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Al Gore's investment fund revealed a $128 million stake in Toast after the restaurant-technology company's IPO

Generation Investment Management co-led Toast's Series C funding round in 2017, and now owns 0.5% o…

Theron Mohamed   


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2 mins read

Krispy Kreme's stock gets downgraded as analyst says weight-loss drugs could hurt donut sales

Truist said it has no idea what the impact of GLP-1 drugs will be on overall food consumption. "Tha…

Matthew Fox   


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What you need to know on Wall Street today

Each year, the investment bank surveys its summer interns on topics as varied as their ambitions an…

Olivia Oran   


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US stocks fall as investors mull how stimulus will impact inflation

US lawmakers will debate on Biden's proposed $1.9 trillion American Rescue Plan act this week, thou…

Emily Graffeo   


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STOCKS EXPLODE TO AN ALL-TIME HIGH: Here's What You Need To Know

Traders dressed in a carnival costume toast with a glass of sparkling wine at the stock exchange on…

Sam Ro   


Theron Mohamed   


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Elon Musk beat the odds with Tesla by building hype then converting it into cash, legendary investor Jeremy Grantham says

Jeremy Grantham hailed Elon Musk's ability to build hype and Tesla's unlikely success, and poked fu…

Theron Mohamed   


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3 mins read

You're probably not actually drinking Champagne

• Every bottle of Champagne is classified as sparkling wine, but not every bottle of sparkling wine…

Sarah Schmalbruch   


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10 things you need to know before the opening bell

Trump says Yellen may stay on as Fed chair after her term expires. President Donald Trump told the …

Jonathan Garber   


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Millennials have 'phantom wealth' hidden in their homes and 401Ks — but they don't feel rich

Millennials are wealthier than boomers were at this point in their lives. Home prices and retiremen…

Katie Notopoulos   


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This year's average Goldman Sachs intern is willing to pay $6 for avocado toast and most admires Obama

Each year, the investment bank surveys its annual class of summer interns on everything from their …

Oscar Williams-Grut   


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I compared breakfast burritos from 5 fast-food chains and Taco Bell's were the best by far

While each burrito had something different to offer, I found both of the Taco Bell breakfast burrit…

Erin McDowell,Erin McDowell   


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2 mins read

San Francisco's housing market is so dire, people need to make over $300,000 a year to afford the typical home

San Francisco, one of the epicenters of the tech industry, does not have enough dwellings to house …

Melia Robinson   


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10 things you need to know before the opening bell

Russian President Vladimir Putin, right, toasts with North Korea's leader Kim Jong Un after their t…

Jonathan Garber   


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YELLEN SPEAKS, STOCKS RISE THEN FALL: Here's what you need to know

The Dow was over 100 points into the green on Friday directly following Federal Reserve Chair Janet…

Bob Bryan   


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3 mins read

A new website wants to be 'CNBC for cannabis,' a one-stop shop for financial reporting on marijuana

She added that they plan to raise between $1.5 and $2.5 million in the next six months as the site …

Jeremy Berke   


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3 mins read

Wall Street is searching for a bottom in the oil price ? and getting ready to pile in

Consensus among top dealmakers is that restructurings and bankruptcies in the space will only grow …

Jonathan Marino   


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Warren Buffett's $3 billion investment in General Electric saved the industrial titan from a catastrophic meltdown, a new book reveals

Buffett's backing was crucial to GE's huge financing arm avoiding a default and bankruptcy in 2008,…

Theron Mohamed