SEC investigation gathers trove of messages from Wall Street’s private messaging apps
The SEC is said to be examining a vast number of private messages obtained from messaging platforms like WhatsApp and Signal as part of its [more…]
Category: U.S.
Gold remains stagnant while financial markets assess the prospects of additional interest rate increases in the U.S.
Gold prices declined on Monday, partly due to the strength of the U.S. dollar following indications from U.S. Federal Reserve officials that interest rates would [more…]
Klaviyo’s NYSE debut, surging 9% above $30 IPO price, sets valuation benchmark for unicorns
On Wednesday, Klaviyo witnessed a 9.2% increase in its share price during its debut on the New York Stock Exchange. This marked a significant milestone [more…]
Instacart set the price for its IPO at $30 per share, which fell at the upper limit of the anticipated range of $28 to $30
On Monday, Instacart, the grocery-delivery company that experienced significant growth during the pandemic, finally announced the pricing of its long-anticipated initial public offering (IPO) at [more…]
On Friday, the Dow Jones Industrial Average dropped by nearly 300 points, while both the S&P 500 and Nasdaq experienced their second consecutive week of declines
On Friday, stocks declined as investors concluded a volatile week in anticipation of the Federal Reserve’s policy meeting. The Dow Jones Industrial Average fell by [more…]
Wholesale inflation in August increased by 0.7%, surpassing expectations
In August, the producer price index surged by a seasonally adjusted 0.7%, surpassing the anticipated 0.4% increase and marking the most significant monthly rise since [more…]
The SEC is investigating billionaire Ryan Cohen’s 2022 purchase and quick sale of Bed Bath & Beyond shares
Ryan Cohen, a meme-stock investor, is being investigated by the SEC over his 2022 trading activity in Bed Bath & Beyond’s stock. A billionaire, Cohen [more…]
Oil prices surged to a 10-month high, surpassing $90, as Saudi Arabia and Russia extended their deep output cut
Riyadh, Saudi Arabia – The Kingdom of Saudi Arabia is prolonging its voluntary 1 million bpd crude oil production cut until the end of the [more…]
Arm, backed by SoftBank, plans to request a share price range of $47 to $51
ARM, a British semiconductor and software design company, has been at the forefront of innovation for decades, providing the architecture and intellectual property (IP) for [more…]
Job gains in the summer months eased, with employers adding 187,000 jobs in August, accompanied by a 4.3% year-over-year increase in wages
Summer witnessed a slowdown in hiring accompanied by a rise in unemployment during August, reflecting a cooling labor market amid elevated interest rates. The latest [more…]