WMG IPO: Everything you need to know

WMG IPO: Everything you need to know

Warner Music Group (NASDAQ: WMG) went public on Wednesday and began selling its stock at $25 a share on NASDAQ, the stock climbed 20% to $30.53 on yesterday closing. This is the largest initial public offering in the U.S. this year. The company had initially announced IPO plans in February before postponing them over the coronavirus pandemic, still considered a risk factor to the company’s business. The company sold 77 million shares and raised $1.925 billion via Initial public offering (IPO).

Crude oil prices surge to 2-month high; What causes the oil price recovery?

Crude oil prices surge to 2-month high; What causes the oil price recovery?

Oil prices may have stabilized after plunging in response to the coronavirus and the price has surged more than 80% this month as demand returned following the easing of lockdown restrictions in some countries. Demand and supply fundamentals are getting better which is helping the oil market to recover from the coronavirus plunge. Another factor involved in the oil price recovery after OPEC+ countries cut crude production by nearly 10 million BPD starting in May. 
NVIDIA GeForce Now users increases to 2 million and Q1 revenue from gaming grew 27%

NVIDIA GeForce Now users increases to 2 million and Q1 revenue from gaming grew 27%

The computer hardware maker NVIDIA (NASDAQ: NVDA) announced its first-quarter earnings results on Thursday. The company revenue from gaming products grew 27 per cent in its last quarter while revenues from the Datacenter division grew 80 per cent to $ 1.14 billion. During the quarter, Nvidia completed its $7 billion acquisition of Mellanox Technologies, a maker of key technologies for connecting its chips in data centres.