March 29, 2024
Investors

Reddit warns IPO investors about its own users, so could meme-stock mania return?

Reddit, the community-based social media platform, filed its long-awaited IPO prospectus last week, which included some unique risks that revive memories of meme-stock mania from the height of the pandemic. The site hosts thousands of niche discussion groups, which are set up and moderated by volunteers. In a nod to the community’s role in maintaining

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Investors

Investors flock back to equities as regulators mull interest rate cuts

Investors have put their faith in equities in anticipation of interest rate cuts later this year, with inflows to the asset class surging to £2.01 bn ($2.53 bn) in January. This influx was primarily driven by a surge in buying interest, according to the Calastone Global Fund Flows Report. Its authors also find that the

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Finance

City Finance Commissioner Minita Sanghvi Announces Candidacy for State Senate Seat Held by Tedisco

SARATOGA SPRINGS — Minita Sanghvi has announced her candidacy for the 44th State Senate District in New York’s Capital Region.  Sanghvi, a Democrat, plans to challenge the seat currently held by Republican Jim Tedisco. The 44th Senate District includes Saratoga County, Niskayuna, and the city of Schenectady.  “I’m running for State Senate because we deserve

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