U.S. Equity Funds See Biggest Outflow in Five Months
U.S. equity funds suffered their largest weekly outflow in five months in the week ended August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially important comments...
Dollar General Raises Sales Forecast as Value Shopping Gains
Dollar General raised its annual comparable-sales forecast on Thursday, signaling continued strength as cost-of-living pressures push consumers toward lower-priced essentials. The retailer now expects same-store sales to increase 2.5% to 2.9%, up from its...
Meta Settlement Leaves Core Business Intact
Meta Platforms has emerged from its biggest U.S. legal challenge with its core business largely intact after agreeing to pay up to $18 billion over a decade to settle claims brought by nearly all...
U.S. Services Sector Drives Sharp August Business Activity Surge
The U.S. services sector recorded its strongest growth in nearly two years in August, driving a sharp acceleration in overall business activity and more than offsetting slower manufacturing growth. S&P Global’s flash Services PMI...
Lyntris IPO Raises $297.5 Million
Lyntris raised $297.5 million in a downsized U.S. initial public offering after pricing its shares below the marketed range, highlighting continued investor caution despite renewed interest in defense stocks. The Falls Church, Virginia-based defense...
Jersey Mike’s Targets Nearly $8 Billion Valuation in U.S. IPO
Sandwich chain Jersey Mike’s Subs is aiming for a valuation of up to $7.94 billion in its U.S. initial public offering (IPO), testing investor demand for restaurant stocks amid a recovering market for new...
Williams Secures $5.3 Billion Investment from Blackstone-Led Consortium
U.S. pipeline operator Williams has secured a $5.34 billion investment from a consortium led by Blackstone, which will acquire a 49% noncontrolling stake in five of the company’s behind-the-meter power generation projects. The investment...
Standard Nuclear Targets $3.55 Billion Valuation in U.S. IPO
Nuclear fuel company Standard Nuclear is seeking a valuation of up to $3.55 billion through its upcoming initial public offering (IPO) in the United States. The company plans to raise as much as $383.25...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...
CFTC to Introduce New Rules for Oversight of Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to propose new regulations aimed at governing the rapidly expanding prediction market industry, according to a report by The Wall Street Journal. Prediction markets allow...