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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
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
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
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
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
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
Jeremy Grantham predicts stubborn inflation, champions green investing, and warns the stock market reminds him of the dot-com bubble. Here are his 8 best quotes from a new interview.
The veteran investor and market historian bemoaned speculation on meme stocks and crypto, and forec…
Theron Mohamed
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
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
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
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
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
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
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
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
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
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
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
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,…