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Today: March 26, 2025
Today: March 26, 2025
Arasu Kannagi Basil

Arasu Kannagi Basil

Staff Writer

Latest From Arasu Kannagi Basil

Business|Economy|Finance|Stock Markets|US

Ticketing platform StubHub reveals 30% revenue growth in US IPO filing

StubHub's 2024 revenue surged 29.5%, it reported on Friday in its U.S. initial public offering paperwork, as the online ticketing marketplace moves ahead with its

Ticketing platform StubHub reveals 30% revenue growth in US IPO filing
Business|Finance|Stock Markets|Technology|US

Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing

Nvidia-backed CoreWeave's revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the

Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing
Americas|Business|Economy|Finance|Political|Stock Markets|US

Canada's Scotiabank, BMO wait for clarity on tariffs to update outlook

Canada's Bank of Nova Scotia and Bank of Montreal said on Tuesday they would wait for clarity on U.S. government tariffs to build more rainy-day

Canada's Scotiabank, BMO wait for clarity on tariffs to update outlook
Business|Economy|Finance|Stock Markets|US

Infinity Natural valued at $1.3 billion in debut as US energy IPOs rebound

Infinity Natural Resources was valued at $1.30 billion after its shares jumped nearly 11% in their NYSE debut on Friday, underscoring a rebound in

Infinity Natural valued at $1.3 billion in debut as US energy IPOs rebound
Americas|Business|Economy|Finance|Stock Markets

Mastercard's quarterly profit beats on robust holiday spending

Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy encouraged consumers to ramp up spending during the holiday season

Mastercard's quarterly profit beats on robust holiday spending
Business|Economy|Finance|Stock Markets|US

Smithfield Foods valued at $7.7 billion in lukewarm market debut

Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might prompt other IPO candidates to tread

Smithfield Foods valued at $7.7 billion in lukewarm market debut
Business|Finance|Food|Stock Markets|US

Smithfield Foods seeks up to $10.7 billion valuation in US IPO

Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving

Smithfield Foods seeks up to $10.7 billion valuation in US IPO
Business|Finance|US

Regional lender SouthState to buy Texas-based Independent Bank for about $2 billion

Regional lender SouthState Corp will buy Texas-based smaller rival Independent Bank Group for about $2 billion, the companies said on Monday, creating a combined

Business|Finance|Stock Markets|US

Healthcare payments firm Waystar's shares slip in Nasdaq debut

Waystar's shares fell in their Nasdaq debut on Friday, after the healthcare payments company raised $968 million in its U.S. initial public offering, in

Healthcare payments firm Waystar's shares slip in Nasdaq debut
Business|Finance|Stock Markets|Technology|US

South Korea's Naver-backed Webtoon shares jump about 14% in Nasdaq debut

Shares of online comics platform Webtoon Entertainment rose as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday

South Korea's Naver-backed Webtoon shares jump about 14% in Nasdaq debut
Business|Finance|Stock Markets

NYSE glitch sparks volatility in dozens of stocks

A glitch at the New York Stock Exchange (NYSE) triggered massive swings in the shares of Berkshire Hathaway and Barrick Gold, and trading halts in

NYSE glitch sparks volatility in dozens of stocks
Business|Economy|Finance|Stock Markets

BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks

Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped

BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
Business|Finance|News|US

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe

TD Bank on Thursday reported its first loss in over two decades after setting aside an extra $2.6 billion to cover expected fines from U.S.

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe
Business|Finance|US

Bank of Montreal warns of credit pressures after profit miss, shares fall

Bank of Montreal on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian

Bank of Montreal warns of credit pressures after profit miss, shares fall
Business|Finance|Stock Markets|US

Regional lender First Busey to buy CrossFirst in latest consolidation

Regional lender First Busey has agreed to buy smaller rival CrossFirst Bankshares in a $916.8 million all-stock deal, in yet another consolidation in the industry

Business|Economy|Finance

Canada's RBC beats profit estimates, shares hit record high

Royal Bank of Canada surpassed quarterly profit estimates that pushed shares to a record high on Wednesday, while executives said they were

Canada's RBC beats profit estimates, shares hit record high
Business|Economy|Finance|Stock Markets|US

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

Berkshire Hathaway has offloaded Bank of America shares worth more than $6 billion following a strong run in the second-largest U.S. lender's stock, with some

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits
Business|Finance|US

Morgan Stanley expects mergers, IPOs to lag trends through 2024

Morgan Stanley expects activity for mergers, acquisitions and initial public offerings to remain below trends for the rest of the year,

Business|Finance|Technology

Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future

Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on

Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future
Business|Finance|Stock Markets|US

BlackRock's assets hit record $11.5 trillion amid private market push

BlackRock's assets under management hit a record high for the third straight quarter as a U.S. stock market rally boosted inflows, while the

BlackRock's assets hit record $11.5 trillion amid private market push
Business|Economy|Finance|Stock Markets|US

BofA profit beats estimates on investment banking, trading strength

Bank of America's third-quarter profit dropped as it paid more to customers to hold their deposits, but its earnings beat estimates, driven by

BofA profit beats estimates on investment banking, trading strength
Business|Finance|Stock Markets|US

CME Group profit jumps on record rates trading

CME Group reported a rise in third-quarter profit on Wednesday, as uncertainty around U.S. monetary policy and geopolitical events sent investors

CME Group profit jumps on record rates trading
Business|Finance|Stock Markets|Technology|US

Platinum Equity's Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut

Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of

Platinum Equity's Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
Business|Finance|Stock Markets|Technology|US

Chinese self-driving firm Pony AI seeks up to $4.5 billion valuation in US IPO

Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its

Chinese self-driving firm Pony AI seeks up to $4.5 billion valuation in US IPO
Business|Economy|Finance|Stock Markets|US

Old National to buy Bremer Financial in $1.4 billion Midwest push

Regional lender Old National Bancorp will buy privately held Bremer Financial in a $1.40 billion cash-and-stock deal, the companies said on Monday, creating a

Old National to buy Bremer Financial in $1.4 billion Midwest push

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