Instacart values ​​IPO at $30 per share

Instacart values IPO at $30 per share

Fidji Simo, CEO of Instacart Inc., speaks during an interview with Bloomberg Studio 1.0 in San Francisco, California, USA, on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Instacart, the food delivery company that has seen its business boom during the pandemic, priced its long-awaited IPO at $30 per share on… Read More »

Strong retail sales despite persistent inflation bode well for two consumer stocks

This week’s government economic data revealed pockets of durable consumer spending despite persistent inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. First, the numbers The consumer price index, a measure of retail inflation, recorded its biggest monthly increase this year – a seasonally adjusted 0.6% gain in August,… Read More »