Category: Markets

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Salesforce rival Freshworks raises $1.03 billion in U.S. IPO, valued at $10.13 billion

FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File PhotoNEW YORK (Reuters) – Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com rival at $10.13 billion as hybrid… Continue reading Salesforce rival Freshworks raises $1.03 billion in U.S. IPO, valued at $10.13 billion

Stocks making the biggest moves midday: Uber, DraftKings, Seagen, Activision Blizzard and more

Check out the companies making headlines in midday trading. Uber — The ride-hailing giant saw its stock surging 11% after the company boosted its third-quarter financial outlook in a regulatory filing. Uber's bookings and adjusted earnings are now expected to be better than first reported. CEO Dara Khosrowshahi also told CNBC that he sees surging… Continue reading Stocks making the biggest moves midday: Uber, DraftKings, Seagen, Activision Blizzard and more

Twitter to pay $809.5M to settle securities suit

Twitter accused of enabling Taliban expansion FOX Business’ Lydia Hu gives details on the Taliban’s use of Twitter.   Twitter Inc. said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015. BIDEN RECRUITS DISNEY, MICROSOFT CEOS TO PUSH COVID-19… Continue reading Twitter to pay $809.5M to settle securities suit

Factbox – Latest on the worldwide spread of the coronavirus

(Reuters) – Johnson & Johnson said on Tuesday a second shot of its COVID-19 vaccine given about two months after the first increased its effectiveness to 94% in the United States against moderate to severe forms of the disease.FILE PHOTO: A woman reacts as she is injected with Sputnik Light vaccine against the coronavirus disease… Continue reading Factbox – Latest on the worldwide spread of the coronavirus

Blue Chip Defense Leader Among 4 Top Stocks With Dividend Hikes Expected This Week

After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide an income stream. What this equates to is total return, which is one of the most powerful investment strategies going. We like to remind… Continue reading Blue Chip Defense Leader Among 4 Top Stocks With Dividend Hikes Expected This Week

For restaurants, the economic recovery is 'moving in reverse'

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)“Delta? What Delta?” That was the take from Ian Shepherdson, chief economist at Pantheon Macroeconomics, after seeing the data on US retail sales for August. What’s happening: Contrary to expectations,… Continue reading For restaurants, the economic recovery is 'moving in reverse'

Regulators lack understanding of banks' digital marketplaces, EU watchdog says

LONDON, Sept 21 (Reuters) – Regulators have little understanding of risks from banks setting up digital marketplaces and need a framework for spotting potential contagion if things go wrong, the European Union’s banking watchdog said on Tuesday. So-called platformisation refers to banks creating a digital marketplace for their products and services, and non-banking services, part… Continue reading Regulators lack understanding of banks' digital marketplaces, EU watchdog says

World Bank cancels flagship ‘doing business’ report after investigation

Coronavirus will push 50M people into ‘extreme poverty’: World Bank president David Malpass on finance during coronavirus The World Bank canceled a prominent report rating the business environment of the world’s countries after an investigation concluded that senior bank management pressured staff to alter data affecting the ranking of China and other nations. The leaders… Continue reading World Bank cancels flagship ‘doing business’ report after investigation

Treasuries Extend Pullback Ahead Of Next Week’s Fed Meeting

Treasuries showed a notable move to the downside during trading on Friday, extending the pullback seen over the two previous sessions. Bond prices came under pressure in early trading and remained firmly negative throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.9 basis… Continue reading Treasuries Extend Pullback Ahead Of Next Week’s Fed Meeting

Restaurant-software provider Toast seeks $18 billion valuation with raised IPO price

(Reuters) -Toast Inc is aiming for a valuation of up to $18 billion after raising the price range for its initial public offering in the U.S., as the restaurant-software maker looks to cash in on a record boom in capital markets this year. The company, which sells software that helps restaurants keep up with the… Continue reading Restaurant-software provider Toast seeks $18 billion valuation with raised IPO price

Treasury yields rise after retails sales gain in August

U.S. Treasury yields gained on Thursday morning after August's retail sales rose unexpectedly. The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.331% at 12:36 p.m. ET. The yield on the 30-year Treasury bond added a basis points, advancing to 1.879%. Yields move inversely to prices and 1 basis point is… Continue reading Treasury yields rise after retails sales gain in August

GLOBAL MARKETS-World shares at one-month low, default fears stalk China Evergrande

* World FX rates: tmsnrt.rs/2egbfVh * HK stocks at 11-month low as fears rise of Evergrande default * Canada and German elections add to uncertainty * Fed tapering details awaited in c.bank meeting later in the week Sept 20 (Reuters) – World shares skidded and the dollar firmed on Monday ahead of a week packed… Continue reading GLOBAL MARKETS-World shares at one-month low, default fears stalk China Evergrande

FOREX-Evergrande worries drag risk FX lower, dollar catches safety bid

* Yuan skids from 3-mth highs to 3-wk lows on Evergrande worries * Dollar index at 4-week high on safety bid * Risk/commodity FX hit LONDON, Sept 20 (Reuters) – The offshore Chinese yuan skidded to three-week lows on Monday, dragging lower other risk and commodity currencies, while the safe haven dollar rose as worries… Continue reading FOREX-Evergrande worries drag risk FX lower, dollar catches safety bid

Exclusive: Investors call for governments to toughen climate accounting – letter

LONDON (Reuters) – Investors managing more than $2.5 trillion have called on governments to compel companies and auditors to file financial accounts aligned with the world’s net zero emissions target, a letter seen by Reuters showed.FILE PHOTO: Clouds gather but produce no rain as cracks are seen in the dried up municipal dam in drought-stricken… Continue reading Exclusive: Investors call for governments to toughen climate accounting – letter

France's OVHcloud aims to raise $470 million in Paris IPO

PARIS (Reuters) -French cloud computing services firm OVHcloud aims to raise 400 million euros ($469 million) by selling new shares in an initial public offering (IPO) in Paris, it said on Monday. Releasing its IPO registration document, the company said it hoped the flotation would accelerate its growth – consolidating its leading position in Europe… Continue reading France's OVHcloud aims to raise $470 million in Paris IPO

European markets head for lower open as investors prepare for Fed meeting

European stocks are expected to open lower on Monday as global markets contend with concerns over the U.S. Federal Reserve's tapering timetable. Britain's FTSE is seen opening 36 points lower at 6,904, Germany's DAX 117 points lower at 15,333, France's CAC 40 down 56 points at 6,494 and Italy's FTSE MIB 286 points lower at 25,064,… Continue reading European markets head for lower open as investors prepare for Fed meeting

Electrical equipment market may grow at 12% annually to reach USD 72 billion by 2025

Anil Saboo, IEEMA President, said that the world now looks to India as an alternative to China in the electrical equipment market. The domestic electrical equipment market is expected to grow at an annual rate of 12% to reach USD 72 billion by 2025, an industry executive said. At present, the total worth of India’s… Continue reading Electrical equipment market may grow at 12% annually to reach USD 72 billion by 2025

Workers find success with upskilling programs, land higher-paying jobs following the pandemic

CA program helping people get back to work Fox Business Chief National correspondent Connell McShane discusses Sacramento’s newest program helping people throughout COVID get back to work on ‘Cavuto: Coast to Coast’ Alicia MacHale’s pandemic experience was all too real. Her grandfather died. She left her job at the Sacramento County Coroner’s Office to help… Continue reading Workers find success with upskilling programs, land higher-paying jobs following the pandemic

Republican congressman who voted to impeach Trump won't seek re-election

Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. Republican Representative Anthony Gonzalez, who voted to impeach former President Donald Trump, said on Thursday he will not seek re-election next year. A two-term lawmaker from Ohio and former professional football player, Gonzalez would have faced a primary challenger backed by Trump had he decided to run.… Continue reading Republican congressman who voted to impeach Trump won't seek re-election

Australia made 'huge' mistake' cancelling submarine deal, says French ambassador

MELBOURNE (Reuters) – Australia has made a “huge” diplomatic error, the French ambassador said on Saturday having been recalled to Paris after Canberra ditched a multi billion dollar order for French submarines in favour of an alternative deal with the United States and Britain. “I think this has been a huge mistake, a very, very… Continue reading Australia made 'huge' mistake' cancelling submarine deal, says French ambassador

Meme Stock Movers for 9\/17: IronNet, Lucid, SmileDirect, TMC

At one point Thursday, the major equity indexes traded down by nearly a point. By the end of the day, the indexes closed either with a small gain (Nasdaq Composite up 0.1%) or a small loss (Dow and S&P 500 down 0.2%). Premarket trading Friday was lower by about 0.2%. IronNet Cybersecurity Inc. (NYSE: IRNT)… Continue reading Meme Stock Movers for 9\/17: IronNet, Lucid, SmileDirect, TMC

U.S. FDA advisers recommend COVID-19 boosters for 65 and older after rejecting broad approval

(Reuters) – Advisers to the U.S. Food and Drug Administration voted on Friday to recommend COVID-19 vaccine booster shots for Americans 65 and older and those at high risk of severe illness, after overwhelmingly rejecting a call for broader approval.FILE PHOTO: Sister Barbara Sullivan, 84, receives a coronavirus disease (COVID-19) vaccine at a vaccination drive… Continue reading U.S. FDA advisers recommend COVID-19 boosters for 65 and older after rejecting broad approval

Asia-Pacific stocks mixed after mixed U.S. economic data

Asia-Pacific stocks were mixed in Friday morning trade. Investors will watch market moves in Hong Kong. The benchmark Hang Seng index has dropped nearly 6% so far this week amid regulatory concerns surrounding sectors such as technology and casinos. U.S. retail sales data released Thursday rose unexpectedly while first-time jobless claims last week came in… Continue reading Asia-Pacific stocks mixed after mixed U.S. economic data