(Reuters) -Engineering and maintenance services provider Legence raised $728 million in its U.S. initial public offering on Thursday, adding its name to the string of companies looking to go public amid heightened investor enthusiasm. The San Jose, California-based company sold 26 million shares priced at $28, within its marketed range of $25 to $29 apiece….
Facebook Tweet Email Link New York — Stocks hit record highs Thursday after August inflation data mostly matched expectations, reaffirming investors’ hopes that the Federal Reserve will cut interest rates in September. The Dow rose 617 points, or 1.36%, and closed at 46,108, crossing the 46,000-point mark for the first time. It’s a symbolic milestone…
Angel Studios, in its stock market debut, saw investor enthusiasm for its “values-based” entertainment strategy — an approach that co-founder and CEO Neal Harmon says flips the script on the industry’s prevailing streaming-subscription model. Shares of Angel, which began trading Thursday on the NYSE under the symbol “ANGX” after it closed a merger with special…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday and what’s on the radar for Friday’s session. Several companies IPO tomorrow Crypto…
US stock futures were steady late Thursday as Wall Street took stock of the US economy from a lofty, record-setting perch ahead of the Federal Reserve’s highly anticipated decision on interest rates next week. Dow Jones Industrial Average futures (YM=F) rose 0.1%. Futures tied to the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) rose…
Adobe Inc. (NASDAQ:ADBE) is one of the AI Stocks In The Spotlight For Investors. On September 9, Oppenheimer analyst Brian Schwartz lowered the price target on the stock to $460.00 (from $500.00) while maintaining an Outperform rating. The rating, issued as part of a fiscal Q3 earnings preview, reflects low expectations into the earnings print considering…
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading Thursday after the market surged to fresh records as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. Futures on the Dow Jones…
An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. David Becker | Getty Images Adobe reported fiscal third-quarter results that topped analysts’ estimates. The design software maker’s shares rose in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings…
MSCI’s global equities gauge hit a record high on Thursday while U.S. Treasury yields fell along with the dollar due to growing expectations for interest rate cuts, as softer labor market data overshadowed a higher-than-expected U.S. inflation reading. Source link
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall…