Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing contracted for a sixth straight month in August as factories dealt with the fallout from the Trump administration’s import tariffs, with some manufacturers describing the current business environment as “much worse than the Great Recession.” The Institute for Supply Management (ISM) survey on Tuesday also showed some manufacturers …

US manufacturing contracts for sixth straight month amid tariff drag Read More »

By Ateev Bhandari and Pritam Biswas (Reuters) -Figure Technologies is targeting a valuation of up to $4.13 billion in its initial public offering, the blockchain lender said on Tuesday, becoming the latest crypto firm to capitalize on revived investor interest in new listings. Renewed regulatory clarity and strong inflows into crypto-focused exchange-traded funds have accelerated …

Blockchain lender Figure seeks up to $4.1 billion valuation in US IPO Read More »

By Pritam Biswas (Reuters) -Gemini is seeking a valuation of up to $2.22 billion in its U.S. initial public offering, the cryptocurrency exchange said on Tuesday, as digital asset platforms capitalize on renewed investor appetite for public market debuts. The New York-based company, founded by twins Cameron and Tyler Winklevoss in 2014, plans to sell …

Winklevoss twins-backed Gemini targets $2.2 billion valuation in US IPO Read More »

(Reuters) -Engineering and maintenance services provider Legence is targeting a valuation of up to $2.95 billion in its U.S. initial public offering, it said on Tuesday, as the new listings market kicks back into action after the seasonal summer slowdown. San Jose, California-based Legence, a Blackstone portfolio company, is seeking up to $754 million by …

Blackstone-backed Legence targets nearly $3 billion valuation in US IPO Read More »

(Reuters) -Black Rock Coffee Bar is targeting a valuation of up to $860.7 million in its New York initial public offering, the cafe chain said on Tuesday, setting the stage for a rare consumer sector listing amid an IPO market buoyed by tech-heavy debuts. The Scottsdale, Arizona-based company is seeking up to $265 million by …

Cafe chain Black Rock Coffee Bar targets $861 million valuation in rare US consumer IPO Read More »

By Marcela Ayres BRASILIA (Reuters) -Brazil’s economy lost momentum in the second quarter but still outperformed market expectations, driven by resilient services activity and gains in the extractive industry, official data showed on Tuesday. Gross domestic product in Latin America’s largest economy grew 0.4% in the April-to-June period from the previous quarter, statistics agency IBGE …

Brazil’s economy slows sharply in second quarter but still beats forecasts Read More »