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☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Some of Russia's 'prestigious' guided missiles may be malfunctioning and falling short of their targets: UK intelligence
▼ + stars: | 2024-04-10 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +1 min

Some Russian missiles may be malfunctioning and missing their targets, per British intelligence. "Issues in its production" could lead to rushed production jobs, the UK MOD says. AdvertisementPremium Russian cruise missiles might be malfunctioning and missing their targets, according to new intelligence from the UK Ministry of Defence. The UK MOD said on Tuesday that it analyzed open-source images taken on March 31, 2024, which showed missile wreckage in a field in Saratov Oblast, southern Russia. The UK MOD said the debris was initially considered remnants of a "possible Ukrainian uncrewed aerial vehicle."

Persons: — Organizations: Russian, MOD, Service, UK Ministry of Defence Locations: Saratov Oblast, Russia, Russian

☆ Lightning Round: Ring the register on Kodiak Gas, says Jim Cramer
▼ + stars: | 2024-04-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Ring the register on Kodiak Gas, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Tyler Technologies, Cisco, Kodiak Gas Services, Palantir, and more.

Persons: Jim Cramer, Tyler Organizations: Kodiak Gas, Tyler Technologies, Cisco, Kodiak Gas Services

☆ Cramer's Lightning Round: Tyler Technologies is a buy
▼ + stars: | 2024-04-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Tyler Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon Kodiak Gas Services' year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon United Airlines' year-to-date stock performance. Stock Chart Icon Stock chart icon Fastly's year-to-date stock performance.

Persons: Tyler, stock's, you've, Vita, Vita Coco, Coco, I'm Organizations: Tyler Technologies, Cisco Systems, Kodiak Gas Services, United Airlines

☆ Snowstorm across Plains and Midwest brings heavy snow and blizzard conditions
▼ + stars: | 2024-03-24 | by ( Robert Shackelford | Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —A powerful winter storm is pummeling parts of the Central Plains with blizzard conditions and is set to drop a blanket of snow from Colorado to Minnesota through Tuesday, threatening widespread power outages and treacherous road conditions. Blizzard warnings extend from northern Colorado and Kansas into parts of Minnesota, Nebraska and South Dakota on Monday. Amy Forliti/APLast week, a storm dumped snow from the northern Plains to the Northeast. Many power lines were grounded across Maine after the storm blew through, according to Central Maine Power. The event increased the likilihood of seeing the Aurora Borealis in parts of the Pacific Northwest, Northern Plains, Great Lakes and interior Northeast overnight Sunday.

Persons: Amy Forliti, King Salmon, CNN’s, Samantha Beech, Nic F, Anderson Organizations: CNN, National Weather Service, Dakotas, Central Maine Power, Geological Survey, Geophysical Institute of Alaska, Prediction Locations: Plains, Colorado, Minnesota, Midwest, Great Lakes, Colorado and Kansas, Minnesota , Nebraska, South Dakota, Upper Midwest, Nebraska, North Platte, New Mexico, Wisconsin, Como, St, Paul , Minnesota, Maine , New Hampshire, Vermont, Maine, New Hampshire, New York, Aurora, Pacific Northwest, Northern Plains, Seattle, Chicago , Minneapolis, Detroit, Milwaukee, Buffalo, Portland, Alaska, Utqiaġvik, Kodiak, King

☆ I'm a nutritionist who shops at Costco for 2. Here are 15 things I always buy in bulk.
▼ + stars: | 2024-02-26 | by ( Candace Nelson | ) www.businessinsider.com time to read: +11 min

Candace Nelson for InsiderEggs are so versatile, and we eat a ton in my house since we're huge fans of breakfast burritos. Kirkland Signature's mixed-nut butter is wholesome and simpleKirkland Signature's nut butter is a great source of healthy fats. Candace Nelson for InsiderKirkland's mixed-nut butter is my all-time favorite Costco discovery — I recommend it to my nutrition clients and use it almost daily. Candace Nelson for InsiderI do most of my cooking in olive oil, so I keep it near the stove for easy access. Candace Nelson for InsiderI don't eat a lot of dairy but when I do, I prefer it in cheese form.

Persons: —, Candace Nelson, Kirkland Signature's, Kirkland's, I'm, Kirkland Organizations: Service, Business, Costco, Disney, Kirkland Locations: Costco, veggies

☆ I've lived in Alaska for over 20 years. Here are 11 of the biggest mistakes I see first-time visitors make.
▼ + stars: | 2024-02-14 | by ( Amy Newman | ) www.businessinsider.com time to read: +1 min

It's one-fifth of the size of the lower 48 — the contiguous United States — and larger than California, Montana, and Texas combined. So unless you're planning an extended stay, focus on exploring a single region. If you want to see southeast Alaska and the Inside Passage, book a cruise or use a combination of planes and ferries to travel between cities. If you want to visit Denali National Park, then make Fairbanks — about a two-hour drive away from the entrance — your home base to explore the interior. And expect to mostly travel by plane if you want to go to Kodiak or Valdez and check out the Arctic.

Organizations: Fairbanks Locations: Mount, Alaska, United States, California , Montana, Texas, Kenai, Anchorage, Kodiak, Valdez

☆ I'm a professional baker. I made 5 brands of boxed brownie mix to see which is the best.
▼ + stars: | 2024-01-30 | by ( Alana Al-Hatlani | ) www.businessinsider.com time to read: +1 min

For fudgy, chocolaty, and moist brownies, Pillsbury is the way to go. The brownies from Pillsbury and Ghirardelli had a rich, chocolaty flavor but weren't overly sweet. Alana Al-HatlaniWhen I'm making brownies, I aim for a result that's fudgy, rather than cakey, with a noticeable chocolate flavor that isn't overly sweet or dry. They baked off evenly, weren't overly sweet, and had a shiny crackled crust and tender edges that didn't dry out. Ghirardelli perhaps had a better chocolate flavor than Pillsbury but had dry edges.

Persons: Pillsbury, Ghirardelli, Alana Al, Duncan Hines, Betty Crocker, Betty Crocker's Organizations: Pillsbury, Kodiak

☆ 2023 has been an AI feeding frenzy, here are the startups that attracted the most investment this year
▼ + stars: | 2023-12-04 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.

Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook

“There aren’t that many Russian Orthodox followers (anymore), but it’s part of our heritage and we do want to see it preserved." The Russian Orthodox church was established in Alaska on Kodiak Island in 1794 and missionaries spread the faith, baptizing an estimated 18,000 Alaska Natives. Experts estimate about 80 historic Orthodox churches exist across Alaska, but weather and time are taking a toll, making restoration efforts even more critical. Deacon Thomas Rivas, the episcopal secretary to the Alaska Orthodox bishop. “However, its primary function is sacred and that’s important to all of us, even those of us that are not Russian Orthodox.”

Persons: Romanov, Nicholas Church, ”, Charlene Shaginaw, “, Aaron Leggett, Peter the Great, Vitus Bering, Bering, baptizing, Richard Nixon, Deacon Thomas Rivas, Leggett, Gina Ondola, Rivas, Romanov czars, Jobe Bernier Organizations: Alaska Natives, National Park Service, Church, National Register of Historic Places, Mission Society Locations: EKLUTNA, Alaska, Alaska's, Anchorage, Eklutna, Eklutna’s, Russian, Danish, Russia, Unalaska, United States, U.S, Kodiak, Kenai, Sitka, ”, Cook, St, Siberia

☆ Russia's bomber fleet hasn't fired cruise missiles at Ukraine for a month, a sign its stocks are dwindling, UK intel says
▼ + stars: | 2023-10-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia's heavy bomber aircraft haven't fired cruise missiles at Ukraine in more than a month, UK intel said. The UK MOD said that's "one of the longest gaps in such strikes since the conflict began." AdvertisementAdvertisementRussia's fleet of heavy bomber aircraft have not fired cruise missiles at Ukraine in more than a month, according to UK intelligence. AdvertisementAdvertisementUsing those bombers to launch cruise missiles had been Russia's "primary method" for precision strikes, even though it does have other ways of hitting Ukraine, the UK MOD said. Cruise missiles can also be fired from the ground or the sea as well as from planes, but Russia favors strikes launched from aircraft.

Persons: —, Volodymyr Zelenskyy Organizations: intel, MOD, Service, Ministry of Defence, Aviation Locations: Ukraine, Russia, Ukrainian

☆ Russia is using missiles designed for high-value targets like warships and airfields to hit Ukraine's grain exports, UK says
▼ + stars: | 2023-10-16 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia has been targeting Ukraine's grain production since its invasion, hurting global food supplies. It's using AS-4 Kitchen and AS23a Kodiak missiles to hit targets like grain silos, the UK MOD said. AdvertisementAdvertisementRussia is using missiles that are designed to be used on "high-value targets" to hit Ukraine's food supply and hurt global food prices, the UK Ministry of Defence said. The MOD said Russia is now using both kinds of missiles to "de-stabilise world food prices and disrupt Ukraine's grain industry." AdvertisementAdvertisementGlobal food prices have risen as a result, and experts warn of famines in some countries if Ukraine's food exports fall far enough.

Persons: —, Insider's Ryan Pickrell Organizations: AS, MOD, Service, UK Ministry of Defence, for Strategic, International Studies, ISIS, Operational Command, Ukrainian Armed Forces, REUTERS, UN Locations: Russia, Ukraine, Russian, Ukraine's Odesa, REUTERS Ukraine

☆ California governor vetoes bill banning robotrucks without safety drivers
▼ + stars: | 2023-09-23 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

A veto by the governor can still be overturned if the legislature chooses to vote in favor of the bill with a two-thirds majority in each house. While many states, including Texas and Arkansas, have allowed the testing and operation of self-driving trucks, California - home to Alphabet (GOOGL.O), Apple (AAPL.O) and some of the most cutting-edge tech startups - bars autonomous trucks weighing more than 10,001 pounds. Developing autonomous technology has proved harder and more expensive than expected, leading to job cuts and even companies shutting shop. But labor unions led by the International Brotherhood of Teamsters have been calling for Governor Newsom to sign the bill, saying autonomous trucks - some of which weigh over 80,000 pounds - were unsafe and would lead to job losses. Governor Newsom in his veto message said any regulations framed by the department of motor vehicles would be transparent, with inputs from stakeholders and experts to ensure safety.

Persons: Tina Bellon, Gavin Newsom, Bill, Newsom, Abhirup Roy, Jan Harvey Organizations: REUTERS, FRANCISCO, U.S, Apple, Reuters, Daimler, Kodiak Robotics, International Brotherhood of Teamsters, Thomson Locations: Palmer, Dallas , Texas, U.S, California, Texas, Arkansas, Aurora, Southern California, San Francisco

☆ Russia is likely growing its cruise missile stockpile to attack Ukraine's energy infrastructure this winter, says UK intel
▼ + stars: | 2023-09-16 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Russia is likely increasing its stockpile of air-launched cruise missiles, the UK MOD said. The weapons could be used to strike Ukraine's energy infrastructure this winter, it said. Last year, Russia bombarded Ukrainian energy targets, cutting off electricity and heat to millions. This suggests that Russia will likely be able to generate a "significant" stockpile of the weapons and there is a "realistic possibility" they will be used to strike Ukraine's energy infrastructure targets in the winter, according to the UK ministry. Last winter, Russia conducted mass long-range strikes against such targets, cutting off electricity, heat, and water to millions of civilians.

Organizations: MOD, Service, UK Ministry of Defence, Atlantic Council Locations: Russia, Ukrainian, Wall, Silicon, Kodiak, Ukraine

☆ Ocean explorers found a golden orb on the Alaskan seafloor, and they have no idea what it is
▼ + stars: | 2023-09-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Marine researchers found a mysterious golden orb deep on the Alaskan seafloor. It's not entirely surprising, then, that deep-sea explorers just found something entirely new during an Alaskan expedition. But this particular object, what looks like the remains of some type of golden orb or egg, surprised scientists. The orb could be an egg case or sponge, but Candio isn't ruling out "something more strange." AdvertisementAdvertisementResearchers need to perform tests to discover more about the mysterious golden orb.

Persons: Willy Wonka's, Sam Candio, Candio, Candio isn't, — Organizations: Service, National Oceanic, Administration, Exploration Locations: Wall, Silicon, Alaska, Gulf of Alaska

The red king crab fishery was closed; the snow crab fishery cut to a tenth of the previous year's take. After another bad survey last year, the red king crab fishery closed again and the snow crab fishery closed for the first time ever. Kevin Abena, who runs a fishing business with his father, also relies on tendering to stay afloat in the wake of the crab fishery closure. Researchers this year brought samples of crab back to Kodiak for further analysis, exploring how snow crab respond to stress in their environment, including rising heat. It will help determine what crab fisheries might open this winter and decisions on each kind of crab are expected some time in early October.

Persons: — Gabriel Prout, ”, Prout, he's, Kevin Abena, Mike Litzow, ” Litzow, “, Mark Stichert, you’re, ” Abena, ” Prout, “ It'd, Joshua A . Bickel Organizations: Kodiak, Alliance Cooperative, Kodiak Fisheries Science Center, ”, Alaska Department of Fish, National Marine Fisheries Service, Pacific Fishery Management, Bristol Bay, Bristol Bay Red King, U.S . Department of Commerce, Twitter, AP Locations: KODIAK, Alaska, Bering, Bristol Bay, Kodiak, Alaska Bering, Bristol Bay Red, ___

NEW YORK/LONDON, June 30 (Reuters) - A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight. With investors now predicting an end to the Federal Reserve's rate hikes later this year, optimism has resumed. This allowed thrift shop chain Savers Value Village (SVV.N) to raise $401 million in its New York IPO this week, more than it originally set out to. Investors continued to snap up its shares, with the stock closing up 27% on its first day of trading. EUROPE IPOS ON THE WAYIn Europe, three IPOs are on track to be completed by early July, but two of them have already had to moderate their valuation expectations.

Persons: Aloke Gupte, Tom Swerling, Paul Abrahimzadeh, Hidroelectrica, Fondul, WE Soda, Ferretti, Coty, Andrew Briscoe, David DiPietro, Rowe Price, Echo Wang, Pablo Mayo, Elisa Martinuzzi, Mark Potter Organizations: Investors, JPMorgan Chase &, CAB, Kodiak Gas Services, Fidelis Insurance Holdings, Barclays, North America, Citigroup, U.S, Heineken, General, GE Healthcare Technologies, Bank of, Pablo Mayo Cerquiero, Thomson Locations: United States, Europe, Ukraine, New York, London, Africa, Asia, Kodiak, Fidelis, Cava, EUROPE, Romanian, Hong Kong, Milan, East

☆ CNBC Daily Open: The U.S. economy refuses to buckle
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 0.7% in extended training. CNBC Pro's Bob Pisani breaks down their performance, picks a winner and explains what this means for the general IPO market.

Persons: Dow, Bob Pisani Organizations: Foods, CNBC, Commerce, Dow Jones, Federal, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: Atlanta , Georgia, U.S, Swedish, New Mexico

☆ CNBC Daily Open: Don't bet against the U.S. economy
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's businesses falterChina's factory activity in June shrank for a third consecutive month, according to data from the National Bureau of Statistics. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 1.9% in extended training.

Persons: Dow, —, Bob Pisani Organizations: CNBC, Commerce, Dow Jones, Federal, Nikkei, National Bureau of Statistics, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: U.S, Asia, Pacific, China, New Mexico

[1/3] Mark Walsh, CEO of Savers Value Village, celebrates his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - Thrift store operator Savers Value Village (SVV.N) fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm Ares Management (ARES.N), joins a host of companies that have enjoyed a warm reception in recent months, reviving hopes the frosty IPO market has begun to thaw. So really this (an IPO) was the right smart option for us to move forward," said Savers Value CEO Mark Walsh. Savers Value and Ares raised over $401 million in the share sale on Wednesday.

Persons: Mark Walsh, Brendan McDermid, Avery Spear, Johnson, Ares, Niket Nishant, Sri Hari, Echo Wang, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Ares Management, U.S, U.S . Federal, Renaissance, Rivian, Kodiak Gas Services, Fidelis Insurance Holdings, Canada's Healthcare, Ontario, Norway's Norges Bank Investment Management, Thomson Locations: New York City, U.S, U.S ., Sri, Bengaluru, Echo, New York

☆ Kodiak Gas Services CEO: 100% of the proceeds of the IPO will go towards paying down debt
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKodiak Gas Services CEO: 100% of the proceeds of the IPO will go towards paying down debtMickey McKee, Kodiak Gas Services CEO, joins 'Squawk on the Street' to discuss why the company decided to go public, the growth opportunities for the company, and more.

Persons: Mickey McKee Organizations: Kodiak Gas Services

☆ Consumers crack open IPO door
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 29 (Reuters Breakingviews) - The market for U.S. initial public offerings is starting to crack open, but some trends are playing better than others. Shares in thrift store chain Savers Value Village (SVV.N) opened 38% above their IPO price on Thursday even as two other new entrants, Fidelis Insurance (FIHL.N) and energy company Kodiak Gas Services (KGS.N), got a frosty reception. After pricing above its indicated range and then rising further, Savers Value was worth nearly $4 billion in its early hours of trading. It follows Cava (CAVA.N), the Mediterranean lunch chain that by Thursday was worth nearly double the IPO price of $22 it established in mid-June. Meanwhile, Fidelis and Kodiak had to cut their price range, and both debuted below their opening price.

Persons: Fidelis, It’s, Jennifer Saba, ’, crouch, Eli Lilly, John Foley, Sharon Lam Organizations: YORK, Reuters, U.S, Fidelis Insurance, Kodiak Gas Services, Renaissance Capital, Twitter, Thomson Locations: Cava, Fidelis, Kodiak

☆ Mixed results in the latest batch of IPOs, but the market is opening up
▼ + stars: | 2023-06-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Kodiak Gas Services (KGS) , a natural gas compression company, priced 16 million shares at $16, below the price talk of $19-$22. That was not only below the price talk of $16-$19, but the 15 million shares offered were below the projections of 17 million shares. The IPO market is reopening, but cautiously All three serve different investor bases, each with its own outlook, Santosh Rao at Manhattan Venture Partners told me. The simple fact that all three deals got done is a sign the IPO market is reopening after being largely closed for 18 months. The IPO market is reopening, but with a strong reality check from the customers.

Persons: It's, Santosh Rao, Fidelis, Sellers, IPOs What's Organizations: NYSE, Kodiak Gas Services, Fidelis Insurance, Manhattan Venture Partners, Labor, Foods, ARM Locations: U.S

☆ Self-driving firm Kodiak inks deal to equip 800 Loadsmith trucks
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

Companies Kodiak Robotics, Inc FollowSAN FRANCISCO, June 22 (Reuters) - Autonomous truck technology firm Kodiak Robotics will equip its self-driving software in 800 trucks for logistics platform Loadsmith, the companies said in a statement on Thursday. Instead, investor focus has shifted to companies that offer less-complex, less-cash intensive forms of autonomy with a proven business model. Kodiak and Lordsmith said pairing autonomous trucks for long haul with local drivers will improve efficiency and safety for shippers, and help allay concerns over a nationwide driver shortage. There will be no safety driver involved in the autonomous part of the operations for Loadsmith, a Kodiak spokesperson said. California-based Kodiak partners with companies such as Swedish furniture giant IKEA and France-based CEVA Logistics for freight deliveries in Texas.

Persons: Lordsmith, Abhirup Roy, Sherry Jacob, Phillips Organizations: Kodiak Robotics, FRANCISCO, Kodiak Driver, Loadsmith, Kodiak, Logistics, U.S . Army, Thomson Locations: Kodiak, Loadsmith's U.S, California, France, Texas, San Francisco

☆ Green shoots for the IPO market, but investors ask where are unicorns like Instacart, Klarna
▼ + stars: | 2023-06-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

At the midpoint this would raise $298 million, with a fully diluted market value of $2.1 billion, according to Renaissance Capital. At the midpoint of the proposed range, that would raise $328 million with a market value of $1.5 billion. "The IPO market is definitely opening up," he said. Goldman Sachs' David Kostin has also noted an improved IPO market. The bad news: the stock dropped the day after the IPO to roughly $38 and has remained in that range.

Persons: IPOs, Matt Kennedy, Goldman Sachs, David Kostin, Kostin, Lynn Martin, That's, Santosh Rao, Rao Organizations: NYSE, Insurance, Renaissance, Kodiak Gas Services, Renaissance Capital, Goldman, Foods, CNBC, Manhattan Venture Partners Locations: Renaissance Capital, U.S, Canada, Cava, Fogo, Chao

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