Instacart is in free fall as its valuation plunges

View in Browser September 11, 2023 Dow 34,663.72 0.25% S&P 500 4,487.46 0.67% NASDAQ 13,917.89 1.14% Last updated September 11 at 4:59 PM ET     Instacart is in free fall as its valuation plunges Instacart's latest valuation is tens of billions of dollars below what the company was once worth just a year ago, as the company attempts an initial public stock offering in a challenging climate for online delivery.    Read full article   What China's new smartphone means for Wall Street Stock prices of chipmakers have soared over the last year as AI became the story of 2023. But in recent weeks, there's been a notable drop in those shares as growing tensions between the US and China cloud their outlook.    Read full article   How booming Vietnam offers the US an alternative to China President Joe Biden left Vietnam Monday after a visit that deepened economic ties between Washington and Hanoi as part of efforts to reduce America's reliance on China.    Read full article   The 4 key reasons why the UAW could strike GM, Ford and Stellantis this week Time is running short to avoid a strike at America's three unionized automakers, and the distance between the United Auto Workers union and the companies remains large.    Read full article   Smucker is buying Twinkies maker Hostess for $5.6 billion Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M. Smucker in a $5.6 billion deal.    Read full article   DraftKings apologizes for 9/11-themed 'Never Forget' parlay bet The wager, bearing the title "Never Forget," was a parlay bet that the New York Mets, New York Yankees, and New York Jets would win their respective games on September 11. DraftKings apologized and said it respects the "significance of this day."    Read full article   Today's movers CRNX 26.08 63.31% Crinetics Pharmaceuticals Inc THTX 2.89 29.02% Theratechnologies Inc. RVYL 5.43 28.67% Ryvyl Inc. SGMA 4.04 46.84% SigmaTron International, Inc. SWIN 3.28 33.20% Solowin Holdings CXAI 2.32 29.27% CXApp Inc. Class A Last updated September 11 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303