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Lemonade logs the best US IPO debut in 2020 with more than 140% profit

Lemonade Inc. snagged 2020’s strongest initial public offering debut by a US company that shares in the mobile-based insurance startup became the latest to more than double on its first trading day. Lemonade LMND, + 139.34% shares, which rose as much as 144% to hit an intraday high of $ 70.80, closed down 139% at $ 69.41 on Thursday, following …

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Uber comes to Tokyo after six years in Japan

(Bloomberg) – After six years in Japan, Uber Technologies Inc. finally comes to Tokyo. As of Friday, users in the Japanese capital will be able to hire taxis with the Uber app, according to Tom White, who heads the company’s operations in the country. Uber is partnering with three local taxi companies to make 600 cars available mainly in the …

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Face shields and face masks are now mandatory on Qatar Airways

(CNN) – Face masks on flights have quickly become the norm when travelers tentatively return to the sky, but Qatar Airways has taken this a step further and announced that its passengers will need to wear face shields – except a face mask or face coating. The Middle East carrier says it will issue leaflets with protective kits – including …

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Amazon delays Prime Day until October due to coronavirus

Jeff Bezos, founder and CEO of Amazon.com Inc., speaks at the National Press Club in Washington, DC, Thursday, September 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon postpones its competition event shop Prime Day until at least the beginning of October. The company had previously targeted September as the potential date for Prime Day, but on Wednesday, Amazon …

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COVID recovery versus COVID reality

LONDON (Reuters) – World stocks plunged to a four-month high on Friday and industrial-grade metal copper was set at its longest weekly pace of nearly three years, as global data recovery kept gnawing coronavirus nerves in the magazine. FILE PHOTO: A street cleaning operator walks past the London Stock Exchange Group building in the City of London financial district, while …

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Mortgage interest rates were (another) record low

The average 30-year fixed-rate mortgage fell to a record low of 3.07% over the past week, according to Freddie Mac. It is the lowest level of the mortgage giant’s survey in the next 50 years. The 15-year fixed-rate loan fell to 2.56%. The average interest rate for a 30-year fixed mortgage fell below the previous record low of 3.13%, which …

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Tarrant County reports 473 new cases of coronavirus, 2 deaths

Tarrant County reported 473 new cases of coronavirus and two more deaths on Thursday. The most recent deaths include a woman from Arlington in the 80s and a woman in Fort Worth in the 70s. Both had underlying health conditions. Tarrant County has confirmed a total of 13,423 COVID-19 cases, including 233 deaths and at least 5,517 recoveries. Of the …

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Lemonade logs the best US IPO debut in 2020 with more than 140% profit

Published: July 2, 2020 at 6:40 PM ET New York Stock Exchange in New York City. Getty Images Lemonade Inc. snagged 2020’s strongest initial public offering debut by a US company that shares in the mobile-based insurance startup became the latest to more than double on its first trading day. lemon juice LMND shares, which rose as much as 144% …

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