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...
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...
TSX Futures Rise as Oil Gains, Fed Minutes in Focus
Canadian stock index futures edged higher on Tuesday, supported by rising oil prices as investors looked ahead to the release of the U.S. Federal Reserve’s June meeting minutes for fresh clues on the future...
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...
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%...
BHP Shares Tumble After Jansen Project Cost Blowout
Shares of mining giant BHP Group fell sharply on Friday after the company disclosed significant cost overruns and a $2.3 billion charge related to its Jansen potash project in Canada. The stock closed 5.6%...
Apotex Health Targets Up to C$1.2 Billion in Toronto IPO
Canadian healthcare company Apotex Health announced on Monday that it plans to raise up to C$1.2 billion through an initial public offering (IPO) on the Toronto Stock Exchange (TSX), marking one of the largest...
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,...