Code & Brew
Figma debuted on the NYSE under the ticker symbol FIG, pricing its shares at $33—slightly above its revised $30–32 guide range. The offering raised about $1.2 billion in total, though only approximately $400–411 million went to the company itself—the remainder came from existing shareholders divesting their stakes. Figma’s valuation at IPO stood at $19.3 billion, nearly matching the…
Microsoft Achieves Historic Market Milestone According to the Financial Times, “Microsoft hits $4tn market value as tech stocks rise to new highs,” marking a significant achievement in the company’s history. This surge reflects investor confidence in Microsoft’s strategic investments in artificial intelligence and cloud computing, positioning the company at the forefront of technological innovation. Debate…
In a recent address, Federal Reserve Chair Jerome Powell provided an update on the central bank’s decision to maintain interest rates at their current levels, emphasizing the importance of careful monitoring of economic indicators. Powell articulated that the Federal Reserve will remain vigilant, stating, “We are committed to using our tools to support the economy…
In today’s technology news, Fermilab, a U.S. Department of Energy national laboratory, was targeted in a cyberattack exploiting a vulnerability in Microsoft’s SharePoint software. According to Reuters’ article “US Fermilab hit in cyberattack targeting Microsoft’s SharePoint, Bloomberg News reports,” the attack was part of a broader global cyber espionage campaign stemming from a critical SharePoint…
In this stimulating CNBC segment, Doug Clinton, CEO of Intelligent Alpha, offers his expert insights on the upcoming earnings reports from major tech companies. As these industry giants prepare to unveil their latest financial results, Clinton underscores the importance of understanding the broader economic implications that accompany these announcements. He highlights specific areas to watch,…