The on-demand car service company Uber Technologies Inc. made waves again last week when it raised $1.2 billion at a valuation of approximately $18.2 billion. Naturally, that huge valuation once again created speculation of an Uber IPO.
As Uber continues to grow in both revenue and employees, the Uber valuation continues to grow accordingly.
Here’s how Uber's valuation stacks up against other current startup companies...
Stock market today, June 9, 2014: The Dow Jones Industrial Average hit another record on Monday, while the S&P 500 rose even closer to the 2,000 level. Markets are still reacting positively to last week's jobs report and expected stimulus measures by the European Central Bank.
Here are the rest of the top stories from the stock market today:
Gold mining stocks were hammered over the last two years. But the top gold mining investments, like Market Vectors Gold Miners ETF (NYSE Arca: GDX), are poised for a comeback.
by David Zeiler
The Apple stock split, given the company’s outsized influence, is could well inspire a fresh wave of stock splits after years of drought.
Once common, stock splits have become increasing rare over the past decade or so, as companies began to view a lofty stock price as a mark of prestige.
But the Apple stock split, along with other high-profile stock splits this year from MasterCard and Google, seems to be signaling a shift in corporate attitudes.
And at this point, there’s no shortage of high-priced stocks ripe for a split...
by Tara Clarke
Gold shifted higher today (Monday) following recent record lows – our up-to-date gold price chart shows that in late May, gold tumbled to its lowest level in four months, to $1,243.00.
Gold for August delivery was up 0.1% at $1,253.90 a troy ounce on the Comex division of the New York Mercantile Exchange. London gold was up 0.1% at $1,253.77 an ounce.
Here’s the top news affecting the yellow metal right now…
by Diane Alter
Today's hot stocks: It's Monday on Wall Street, and that typically means a flurry of mergers and acquisitions.
Indeed, several deals were announced today and are featured on our hot stocks to watch list – one surging some 236%. Meanwhile, a penny stock deemed the next likely takeover candidate amid the rash of healthcare M&A soared 42%.
Following June's slow start, the IPO calendar is once again loaded this week with eight upcoming IPOs.
This year has been the busiest for IPOs since the "Dot-Com" era of 1999 through 2001, with 117 companies already debuting year to date.
And for investors, that's meant an abundance of investment opportunities as the average IPO has returned a 13.2% gain so far in 2014, according to Renaissance Capital.
by Diane Alter
Dividend stocks update: Some 209 companies in the S&P 500 Index have raised dividends so far in 2014.
The average increase has been 15%, and with S&P components sitting on $1.1 trillion in cash, more increases are expected.
UnitedHealth Group Inc. (NYSE: UNH) hiked its quarterly dividend 34% to $0.375 per share last week.
Here are 20 more dividend-paying stocks raising payouts in the week ending June 6.
Stock market today, June 9, 2014: The Dow Jones is set to kick off the week after reaching a record high on Friday along with the S&P 500. A positive jobs report and increased support from the European Central Bank factored into the climb.
Here’s what you should know to make your Monday profitable:
by Shah Gilani
Get ready. There's more trouble ahead for home buyers, home builders, and especially homeowners who took out home-equity lines of credit before the housing crisis. Those heydays have turned into haymakers.
What's already started to happen might not only knock out the formerly aspiring but now petering-out housing recovery, but also might knock the already weak economy to the ground.
Back in the good old days, when banks and mortgage shops were selling mortgage money and home-equity credit lines like carnival barkers wowing crowds into the big top, millions of homeowners stepped right in.
That circus tent was nothing but a trap, however. And now I'm going to tell you what that trap means for those borrowers – and the rest of the economy…
