The company ranks second in the US on Amazon.com’s marketplace. Photographer: Bloomberg Creative Photos/Bloomberg Creative Collection (Bloomberg) — Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc., and some of its investors raised $300 million in an initial public offering that priced in the middle of its marketed range….
An AT&T store in New York, US, on Monday, Oct. 21, 2024. AT&T Inc. is scheduled to release earnings figures on October 23. Photographer: Gabby Jones/Bloomberg (Bloomberg) — AT&T Inc. sold $5 billion of investment-grade debt on Thursday, weeks after it agreed to a $23 billion investment to expand its network. The telecommunications company offered…
WaterBridge Infrastructure signage during the company’s IPO on the floor of the New York Stock Exchange. (Bloomberg) — WaterBridge Infrastructure LLC shares rose 14% in their trading debut after the water infrastructure company raised $634 million in an initial public offering that priced at the top end the marketed range. Most Read from Bloomberg The…
(Bloomberg) — Shein Group Ltd. has begun offering other fashion brands access to its apparel manufacturing network in China as a service, people familiar with the matter said, as it seeks new revenue streams amid pressure on its retail business from US tariffs. Other fashion brands can now tap on the fast-fashion retailer’s supply chain,…
(Bloomberg) — Global equities are likely to rally even higher as a jump in economic growth expectations is keeping stock bulls firmly in control, according to Bank of America Corp.’s Michael Hartnett. The bank’s latest survey showed a net 28% of global fund managers are overweight equities, the highest in seven months. Opinions about growth…
Traders work on the floor of the New York Stock Exchange. (Bloomberg) — For more than half a century publicly-traded US corporations have reported earnings at quarterly intervals, but during an early-morning wave of social media posts on Monday, President Donald Trump reignited a long-standing debate over the requirement. Trump is pushing for a six-month…
(Bloomberg) — Top Wall Street strategists said the record-setting US stock rally risks temporarily running out of steam after an expected Federal Reserve interest-rate cut this week. Strategists from Morgan Stanley, JPMorgan Chase & Co. and Oppenheimer Asset Management warned that a more cautious tone may replace the bullish mood as investors focus instead on…
Tesla’s long-awaited arrival in India kicked off with a whimper rather than a bang, suggesting that the automaker’s global outlook may not be so rosy. According to Bloomberg, Tesla opened its Mumbai showroom in July with limited fanfare after nearly a decade of delayed promises to break into the Indian market. About a month-and-a-half later,…
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York. (Bloomberg) — A key question for investors this week is whether Federal Reserve officials push back against market bets on a series of interest-rate cuts extending into next year. Most Read from Bloomberg A…
Options markets are pricing in a 0.78% move for the US nonfarm payrolls report Oct. 3 and 0.72% for Wednesday’s Fed rate decision, according to Citigroup Inc. (Bloomberg) — Even as the Federal Reserve meeting and $5 trillion quarterly triple-witching options expiry loom over the equity market, volatility traders are also circling the upcoming jobs…