(Reuters) -Software startup ServiceTitan is seeking a valuation of up to $5.95 billion in its U.S. initial public offering by raising the price at which it plans to sell shares, it said on Tuesday, amid a revival in the capital market for new listings in 2024. The company said it would still sell 8.8 million …
ServiceTitan seeks up to $5.95 billion valuation in its US IPO Read More »
By Mehnaz Yasmin (Reuters) -A lower rung of U.S. junk bonds is set to deliver its best returns in eight years in 2024, underscoring a significantly higher risk-return payoff for investors dabbling in speculative assets this year. Returns on CC-rated debt, two rungs above D – meaning in default, have surged nearly 48% this year, …
US high-yield credit set for best returns in eight years in 2024 Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation is likely to have remained under 3% in November, near its lowest level of the year but slightly up from the month before, underscoring the challenge for libertarian president Javier Milei to rein in prices. A Reuters poll of analysts published on Tuesday showed a …
Argentina monthly inflation seen under 3% in November, but sticky Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. The report from the Labor Department on Tuesday also showed labor costs actually declined in the second quarter …
Sharp downgrades to US unit labor costs bode well for inflation outlook Read More »
(Reuters) – Alphabet’s Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company said on Tuesday. Google’s capital investment in Intersect Power comes as the tech giant, like other “hyperscalers” including Microsoft and Meta, races to bolster its domestic …
Google invests in Intersect Power in over $800 million funding round amid AI race Read More »
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks. President-elect Donald Trump’s proposed policies, from import tariffs to tax cuts, are …
Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll Read More »
(Reuters) – Automotive parts retailer AutoZone missed estimates for first-quarter profit and revenue on Tuesday, hurt by higher raw material prices and a stronger dollar. Auto parts retailers have benefited from do-it-yourself automotive parts demand from consumers buying more to keep their ageing cars on the roads amid a pricey new car market. Although, a …
AutoZone misses first-quarter profit, revenue estimates Read More »
(Reuters) -The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for Micron Technology, marking one of the largest government awards to chip companies under the U.S. CHIPS and Science Act. Below is a list of the large awards made so far under the CHIPS and Science Act: POLAR SEMICONDUCTOR Polar …
Factbox-US finalizes more than $6.1 billion funding for Micron under CHIPS Act Read More »
By Alexander Cornwell ABU DHABI (Reuters) -The Trump Organization, Donald Trump’s family business, will have a “very large wall” separating its business activity from the U.S. government, the president-elect’s son, Eric Trump, said in an interview with Reuters in Abu Dhabi on Tuesday. The bulk of the Trump Organization’s business is in the United States, …
There will be ‘very large wall’ between Trump Org and US government, Eric Trump says Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt …
Morning Bid: Dollar reasserts strength, China fillip fades Read More »
