Consumer companies are investing in and partnering with companies that can help them pick up delivery speed

Recent enthusiasm for Intel Corp.'s new chief executive and his ambitious plans to transform the company overlooks the risks and costs associated with the chipmaker's strategy, an analyst argued Thursday.

TuSimple Holdings Inc. received a relatively cold reception on Wall Street Thursday, as the San Diego-based self-driving truck maker's stock opened just 0.6% above the initial public offering price of $40 a share then fell below it. Investors were likely expecting a better reception, as the IPO had priced above the expected range of between $35 and $39 a share. The stock's first trade was at $40.25 at 11:52 a.m. Eastern for 2.7 million shares. At the opening price, the company was valued at $8.54 billion. The stock slipped below the IPO since the open, and was recently trading at $38.33. The stock went public on a day that the Renaissance IPO ETF rose 1.1%, to outperform the S&P 500's 0.9% gain.

Coinbase’s hotly-anticipated initial public offering hogged the spotlight on Wednesday, eclipsing blowout results from banks, which kicked off earnings season with a bang.

Many home buyers are opting to waive contingencies. Here's what to know about this risky strategy.

The Centers for Disease Control and Prevention has identified about 5,800 cases of people who were fully vaccinated against the coronavirus-borne illness COVID-19 but got infected anyway, CNN reported. That's just a tiny sliver of the roughly 124 million people who have received a first dose. Some became seriously ill and 74 people died, the CDC told CNN by email. "To date, no unexpected patterns have been identified in case demographics or vaccine characteristics," the CDC said. It is not unexpected to have these "breakthrough" cases, as the vaccines are not 100% effective in preventing infections, making it important that people continue to wear face masks and socially distance, even after being vaccinated. The agency said it will be looking for clues about who is most prone to become infected despite having been vaccinated. "Vaccine breakthrough infections were reported among all people of all ages eligible for vaccination. However, a little over 40% of the infections were in people 60 or more years of age," the CDC said.

Shares of Esports Technologies Inc. blasted out of the gate Thursday, and kept rising in volatile trading, as the Las Vegas-based online gambling company's stock opened at more than triple the initial public offering price. The stock's first trade was $21.00 at 10:09 a.m. Eastern for 126,245 shares, while the upsized IPO priced overnight at $6.00 a share. The stock has extended gains since its opening, to trade 328.2% above its IPO price at $25.69, enough to pace all Nasdaq gainers. The stock has already been halted for volatility seven times since it opened. The pricing was at the top of the expected range of between $5.00 and $6.00 a share, which was recently raised from between $4.50 and $5.00 a share, and valued the company at $79.9 million. The company sold 2.4 million shares in the IPO, up from previous expectations of 2.0 million shares, to raise $14.4 million. Boustead Securities was the sole underwriter of the IPO. The company had recorded a net loss of $573,225 on revenue of $195,778 the fiscal year ended Sept. 30, 2020, after net income of $24,103 on revenue of $140,982 in the year-ago period. The company went public at a time that the Renaissance IPO ETF has slipped 4.0% over the past three months while the S&P 500 has gained 10.7%.

Congressional Democrats voiced their skepticism Thursday toward new a new type of banking charter that would grant some privileges to fintech and cryptocurrency companies that national banks enjoy, without subjecting them to the same degree of regulatory oversight.

Gold futures climb Thursday, with prices poised to log their biggest daily gain since March as benchmark U.S. bond yields pull back and U.S. tensions with China and Russia climb.