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Search resuls for: "Wendesday"


2 mentions found


☆ Morning Bid: Megacaps scatter in the cloud
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But after the S&P500 staged an impressive 0.7% bounce on Tuesday, futures were back in the red again ahead of the open. The negativity cut across what was otherwise a more upbeat macro picture and a calmer bond market following recent ructions. Chinese developer Country Garden (2007.HK) is deemed in default on a dollar bond for the first time, Bloomberg News reported. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brendan McDermid, Mike Dolan, Alphabet's, Microsoft's, Baker Hughes, Teradyne, Hess, Jerome Powell, Barbara Lewis Organizations: New York Stock Exchange, REUTERS, Big Tech, Google, Microsoft, Meta, IBM, Boeing, Bloomberg News, Treasury, Bank of Canada, Deutsche Bank, United Health, General Dynamics, Whirlpool, Otis, Hilton, U.S, Reuters, PMI, Thomson Locations: New York City, U.S, HK, United States, Europe, Worldline, Germany, Ameriprise, EQT, Washington
☆ Arm’s I.P.O. Delivers a Big Test for the Markets
  + stars: | 2023-09-14 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
The company priced its shares on Wendesday at $51 each, the top end of its range, valuing it at about $54.5 billion. Arm’s I.P.O. SoftBank had initially wished the company would be valued at as much as $70 billion. And it had pitched Arm as a major player in designing chips for artificial intelligence applications, a tech sector that investors have flocked to. But valuations of privately held companies have fallen sharply over the past year, and investors were reportedly concerned about Arm’s so-so financial performance of late.
Persons: SoftBank Organizations: Nasdaq, Wendesday
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