Lazard Q2 Profit Plunges 91% as Advisory Revenue Weakens
Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
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...
EU Pushes to Ease Cross-Border Bank Mergers to Boost Global Competitiveness
The European Commission plans to reduce political interference in banking mergers and remove barriers to cross-border consolidation within the European Union, aiming to help European banks compete more effectively with larger U.S. financial institutions....
Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation
Crypto.com has secured a $400 million investment from global market maker Citadel Securities in its first-ever institutional fundraising round, valuing the cryptocurrency exchange at $20 billion. The investment reflects the increasing convergence of traditional...
Csquare Raises $1.05 Billion in U.S. IPO Amid Strong AI Infrastructure Demand
Data center provider Csquare raised $1.05 billion in its U.S. initial public offering (IPO), highlighting continued investor confidence in companies poised to benefit from the artificial intelligence boom. The Dallas-based firm sold 50 million...
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...
Trump Shifted Crypto Windfall Into Stocks and Bonds, Financial Filings Reveal
U.S. President Donald Trump earned more than $1.4 billion from his family’s cryptocurrency ventures in 2025, including World Liberty Financial and the Trump meme coin, according to financial disclosures filed with the U.S. Office...
James Mathew: The Quiet Force Behind Bold Businesses
Vision. Integrity. Possibility. These three principles have shaped James Mathew’s distinguished career for more than three decades. As a respected financial leader, entrepreneur, and trusted advisor, he continues to redefine the role of modern...
Canadian Stock Futures Rise as Falling Oil Prices Boost Market Sentiment
Canadian stock index futures moved higher on Monday, tracking gains across global equity markets as declining oil prices eased inflation concerns and improved investor confidence. Futures linked to the S&P/TSX Composite Index rose 0.2%...
SEC Delays Approval of Prediction-Market ETFs Amid Growing Scrutiny
More than two dozen exchange-traded funds (ETFs) tied to real-world events such as elections, recessions, and tech layoffs are awaiting regulatory clearance from the U.S. Securities and Exchange Commission. Asset managers including Roundhill Investments,...