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The job market continues to confound the expectations of economists with 336,000 jobs added in September, the Labor Department reported on Friday. The unemployment rate, meanwhile, remained unchanged at 3.8%. “We expect that this era of interest rate hikes is nearing its end, likely allowing the jobs market to level out. Thursday’s report on weekly unemployment claims came in largely in line with estimates and consistent with a steady labor market. “Labor market conditions have substantially normalized from their peak tightness in early 2022,” Lydia Boussour, EY senior economist, said ahead of the jobs report’s release.

Persons: ”, Steve Rick, ” Lydia Boussour, EY, Steven Kyle, Cornell University’s Charles H Organizations: Labor Department, Federal Reserve, TruStage, ADP, Labor, Cornell University’s, Dyson, Applied Economics, Management, United Auto Workers

☆ Big Four scandals will derail breakup plans: podcast
▼ + stars: | 2023-10-05 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Oct 5 (Reuters Breakingviews) - EY and PwC are dealing with issues in their tax and consulting units. In this Viewsroom podcast, Breakingviews columnists explain how falling valuations of rivals like Accenture as well as questions about the stability of consulting fees will mean these firms may stick together. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Oliver Taslic Organizations: Reuters, Accenture, Thomson

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ A top economist explains why a US recession is still on the table
▼ + stars: | 2023-10-03 | by ( Phil Rosen | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The US economy is showing signs of resilience, including from the labor market and consumer spending. The labor market has remained robust, steady economic growth is still there, and consumers have yet to buckle. "I think there's still risks gradually accumulating in the economy," Kimbrough said. AdvertisementAdvertisementConsumer and labor market risks loomA number of factors pose as headwinds for consumers, in the chief economist's view. Gregory Daco, EY's chief economist, also recently warned that there are headwinds impacting consumers, forcing them to perhaps cut back on spending.

Persons: isn't, —, Jeremy Grantham, Jamie Dimon, Karin Kimbrough, LinkedIn's, it's, Kimbrough, they've, Gregory Daco, Daco Organizations: Service, Chicago Fed, BlackRock, Labor, of Labor Statistics, Federal Reserve Bank of New York's Center, Microeconomic

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. It's a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. Others like Franklin Templeton, UBS Asset Management and ABN Amro (ABNd.AS) have launched tokenized versions of assets such as money market funds and green bonds. Indeed, the actual issuance and value of tokenized traditional assets remains small. Some market players now see significant advances.

Persons: Benoit Tessier, Franklin Templeton, Colin Butler, tokenization, hasn't, Morgan Krupetsky, Doug Schwenk, Lisa Mattackal, Medha Singh, Tom Wilson, Pravin Organizations: La Maison du, REUTERS, London Stock Exchange, Mirae, Securities, UBS Asset Management, ABN Amro, Polygon Labs, Reuters Graphics, Northern Trust, HSBC, Ava Labs, Digital Asset Research, Thomson, Reuters Locations: La, Paris, France, U.S, blockchain, Bengaluru

☆ Stock market minnows are grabbing most of the world’s IPOs
▼ + stars: | 2023-10-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The US is still the biggest single IPO market. It is now the world’s fourth-biggest IPO market when measured by the value of deals, totaling $3.2 billion so far this year, according to data provider Dealogic. Further south, the year-to-date value of IPO deals on Turkey’s Borsa Istanbul has hit $2.3 billion, more than double the value of deals on the London Stock Exchange. Not a ‘pretty picture’The United Kingdom’s IPO market is in more profound trouble, and the loss of the Arm IPO to New York stung. Kerr attributes the decline in the UK’s IPO scene partly to Brexit but also to the growing strength of stock exchanges in emerging markets.

Persons: EY, ” George Chan, Chan, you’ve, they’re, ”, Hidroelectrica, Michael M, Kevin Gordon, Charles Schwab, ” Gordon, Germany’s, Samuel Kerr, Kerr Organizations: London CNN, Nasdaq, CNN, Center, United Arab, Bucharest Stock Exchange, Turkey’s Borsa, London Stock Exchange, Tech, IPOs, New York Stock Exchange, Getty, Federal Reserve, United, Wall, “ Companies Locations: Turkey, Romania, Indonesia, Malaysia, India, Hong Kong, United States, United Arab Emirates, China, Jakarta, Frankfurt, Paris, Romanian, Turkey’s Borsa Istanbul, Europe, New York, London

☆ What happens if the government shuts down: An illustrated guide
▼ + stars: | 2023-09-29 | by ( Amy O'Kruk | Tami Luhby | ) edition.cnn.com time to read: +4 min

A government shutdown happens when Congress doesn’t approve funding for the federal government by the time the new fiscal year starts on October 1. What it means for youBecause many federal workers are off the job during a government shutdown, many services are stopped or slowed, disturbing the day-to-day life for many Americans. What it means for government workersWhen a shutdown occurs, millions of federal employees and military service members do not get paid until it ends. During the last government shutdown in 2018-19, an estimated 420,000 federal employees worked without pay and another 380,000 were furloughed. Unlike federal workers, contractors have no guarantee of getting back pay once the government reopens.

Persons: wasn’t Organizations: CNN —, Social, Postal Service, Employees, NASA, Department of Homeland Security, Federal Aviation Administration, EY, of Labor Statistics, Federal Reserve, Small Business Administration, Securities and Exchange Commission, SEC

☆ US consumer spending was weaker in the second quarter than previously estimated
▼ + stars: | 2023-09-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

However, consumer spending, America’s economic engine, was revised much lower, to a 0.8% annualized rate, according to data released Thursday. Spending in the second quarter grew at its weakest pace since the first quarter of 2022, when it was flat. Consumer spending accounts for about 70% of economic output. The second quarter stretches from April through June, but the Commerce Department releases consumer spending figures on a monthly basis. In July, consumer spending jumped a robust 0.8%, the strongest monthly gain since January, as shoppers spent on concerts, films, toys and recreational equipment.

Persons: ”, Claire Li, Gregory Daco Organizations: DC CNN, Commerce, Commerce Department, Moody’s Investors, Moody’s Investors Service Locations: Washington, EY

Goldman Sachs economists have estimated that a shutdown would reduce growth by about 0.2 percentage points for each week it lasts. But the Goldman researchers expect growth to increase by the same amount in the quarter after the shutdown as federal work rebounded and furloughed employees received back pay. That estimate tracks with previous work from economists at the Fed, on Wall Street and prior presidential administrations. Trump administration economists calculated that a monthlong shutdown in 2019 reduced growth by 0.13 percentage points per week. Because growth and confidence tend to snap back, previous shutdowns have left few permanent scars on the economy.

Persons: Gregory Daco, ” Biden, Goldman Sachs, Goldman, Trump Organizations: Administration, shutdowns, Congressional, Office Locations: EY

☆ AI deals give investment banks a glimmer of hope
▼ + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.

Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, ”, Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York

☆ Insider Today: The fight for remote jobs
▼ + stars: | 2023-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Remote workers are doing anything but work in the afternoons. Elena Noviello/Getty ImagesThere are few topics in corporate America as polarizing as remote work. AdvertisementAdvertisementLengthy, expensive office leases might also discourage companies from embracing remote work. As Aki's story points out, that type of rationale from larger companies has created an opportunity for those willing to support remote work. A company's commitment to remote work might not be forever, even if employees view it that way.

Persons: —, Taylor Swift, Travis Kelce, we've, I'm, Chelsea Jia Feng, Insider's Aki Ito, Aki, What's, Elena Noviello, Goldman Sachs, Leonardo Munoz, Rebecca Szkutak, Dominic, Madori Davis, Snyder, Mark Reinertson, Anthropic, Lindsey Nicholson, Jacob Boomsma, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, nab, TechCrunch, Thistle Technologies, Getty, Employees, Costco, Google, Netflix, Cintas Corp Locations: America, Amazon's, Sioux Falls , South Dakota, Jefferson City , Missouri, New York City, San Diego, London, New York

Storm clouds are growing over the U.S. economy as the third quarter winds down this week. There is the ongoing strike by United Auto Workers members against the major car manufacturers. There is the rising price of oil with the international benchmark Brent crude now sitting above $93 a barrel. Aiding the economy’s escape from a downturn has been an unusual set of circumstances that include falling inflation, rising wages and some leftover stimulus from the COVID pandemic. “Such a shutdown could leave a visible mark on the economy,” Gregory Daco, chief economist at EY Parthenon, said last week.

Persons: Bob Doll, ” Gregory Daco, ” Daco, ” Wells Organizations: United Auto Workers, Brent, Crossmark Advisors, Federal Reserve, ”, Fed Locations: U.S

☆ 'Private equity is now king' for the ultra-rich, says Tiger 21, an exclusive club of investors
▼ + stars: | 2023-09-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBCPrivate equity is currently "king" among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors — according to its founder and chairman, Michael Sonnenfeldt. The private equity industry had an especially tough 2022 after a decade-long bull run, but has picked up so far this year. Sonnenfeldt told CNBC on Friday that Tiger 21 members, who collectively manage around $150 billion in assets, have increased their allocation to private equity threefold over the last decade, and see further opportunities amid an expected boom for companies exposed to AI and climate. Most Tiger 21 members are entrepreneurs who have sold their companies and are now in the business of wealth preservation. According to a quarterly report from EY, private equity activity climbed 15% in the second quarter of 2023 versus the first, with total deal values hitting $114 billion on the back of a steep rise in Europe.

Persons: Michael Sonnenfeldt, Scott Mlyn, Sonnenfeldt, —, Dan Rasmussen Organizations: CNBC, Tiger Locations: EY, Europe

☆ The top economist at EY thinks the US economy faces a 'trifecta' of threats that could make Americans stop shopping and cause a slowdown
▼ + stars: | 2023-09-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

EY chief economist Gregory Daco thinks "consumers are becoming more conservative with their spending." Coming up is another headwind: the restart of federal student-loan payments. The different economic threats means consumer spending growth may not be so hot next year, as consumers are already reducing their spending. Other economists have pointed out how the upcoming student-loan payment restart will have an impact on the economy. Have you changed your spending habits or are you spending less on certain items given the restart of student-loan payments, fewer savings, and other factors?

Persons: Gregory Daco, Taylor Swift, it's, Daco, Torsten Sløk, NYU Stern, David Kelly Organizations: Service, Consumer, Bureau of Labor Statistics, BLS, NYU, Morgan Asset Management, AAA, CNBC Locations: Wall, Silicon, American, —, mhoff@insider.com

☆ 'B2B influencers' like CEOs and doctors are seeing a surge in demand from brands for marketing campaigns. Here are 5 key findings from a new survey.
▼ + stars: | 2023-09-25 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

The company describes B2B influencers as those with "credible expertise rooted in proven experience that contributes to professional opinion." B2B influencers are, for example, company founders, C-suite employees at brands, researchers, doctors, and academics. 67% of B2B influencer campaigns had more impact on the brands' marketing performance than brand-only campaignsAnd over three-quarters of marketers said they expected influencer marketing to outperform brand-only marketing in the near future. Traditionally, the lack of measurable outcomes in influencer marketing has been a hurdle in securing marketing budget increases, the Ogilvy study said. Many influencer-marketing campaigns are considered "awareness" campaigns, or campaigns that aim to spread the word about a certain brand.

Persons: Ogilvy, Rahul Titus, they're, James Baldwin, Beth Saint, We're, influencers Organizations: EY, JPMorgan, Nokia, IBM, B2B, Ogilvy, YouTube, Facebook, LinkedIn

The preliminary reading of the UK S&P Global Purchasing Managers' Index (PMI) for the services sector sank to its lowest since the pandemic lockdown of January 2021 and below all forecasts in a Reuters poll of economists. PMIs for the euro zone picked up a little but still suggested a recession was approaching. Official data showed retail sales rose in August, partially recovering from a rain-induced plunge in July, and a measure of consumer confidence climbed to its highest since January 2022. However, data company S&P Global said its survey was consistent with a drop in quarterly economic output of 0.4%. "The disappointing PMI survey results for September mean a recession is looking increasingly likely in the UK," said Chris Williamson, chief business economist at S&P Global.

Persons: Molly Darlington, BoE, Sterling, Martin Beck, Beck, Chris Williamson, Samuel Tombs, Andy Bruce, Toby Chopra Organizations: REUTERS, P, CBI, Bank of England, P Global, U.S, Confederation of British Industry, PMI, Pantheon, Thomson Locations: Altrincham, Britain

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

☆ Bank of England pauses interest rate hikes as inflation falls
▼ + stars: | 2023-09-21 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The Bank of England paused its historic interest rate hiking campaign for the first time in nearly two years Thursday after inflation fell unexpectedly in August. The Federal Reserve also kept rates on hold Wednesday, as did Switzerland’s central bank earlier on Thursday. The Bank of England did not rule out further rate increases, however, although it said it expected headline inflation to “fall significantly” in the near term, reflecting lower energy and food inflation. Economists polled by Reuters had forecast inflation would rise to 7% — from 6.8% in July — because of higher oil prices. “There is an air of underlying weakness,” chief UK economist at Capital Economics Paul Dales said about July’s GDP data.

Persons: Martin Beck, insolvencies, Capital Economics Paul Dales Organizations: London CNN —, Bank of England, Federal, Reuters, Office, National Statistics, Capital Economics Paul Locations: United Kingdom, —

☆ Insider Today: Side hustles' turning point
▼ + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.

Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, —, Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, —, Europe, Americas, Olive, New York City, San Diego, London

☆ More than a third of Gen Z is working both a full-time job and a side hustle — and many still don't feel financially secure
▼ + stars: | 2023-09-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Nearly four in 10 Gen Zers are working side hustles on top of another job, per new EY research. Gen Zers are also overwhelmingly mistrustful of large businesses and the government. Gen Z workers are particularly mistrustful of large businesses — just 34% trust that large businesses do what's right. And given a majority of Gen Z believes most people can't be trusted, the adoption of AI in the workforce could push Gen Z further away from certain companies. Additionally, even though Gen Z has been savvy with side gigs and freelance opportunities, less than half say they can live comfortably by 30.

Persons: Zers, It's, EY, Gen Zers, Gen Z, Gen, Z, Oliver Wyman Organizations: Service, US Bank, Gen Locations: Wall, Silicon

☆ The IPO market has been frozen for 2 years. Arm and Instacart point to a thaw coming in 2024.
▼ + stars: | 2023-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Before Tuesday, the grocery brand secured a $10.2 billion valuation fully diluted, far below the $39 billion valuation it earned during the pandemic. Experts explained what Instacart and Softbank-backed Arm's debuts means for the broader IPO market, which has been ice-cold for 2 years. AdvertisementAdvertisementExperts say venture capital firms, stock market investors, and any private company mulling an IPO will be closely monitoring the how newly-public names trade over the coming months. "But I do think the public market getting behind companies [like Arm and Instacart] is a signal the market is opening up." "The IPO market is open but it's not indiscriminate," Coben told Insider on Tuesday.

Persons: Munafo, Craig Coben, Coben, Rachel Gerring, Gerring, Instacart, it's, Jerome Powell's Organizations: Service, Arm, Federal Reserve, Fund, London Stock Exchange, Bank of America Locations: Wall, Silicon, Americas

☆ US debt rises to $33 trillion as government shutdown looms
▼ + stars: | 2023-09-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. What’s happening: The gross national debt has grown at an alarming pace since then — by $1 trillion in the last three months alone. Political finger pointing around what caused the accelerated debt accrual, meanwhile, has left the government at an impasse around the budget. The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes. That would leave the door open for another rate increase, which could come when the following meeting concludes, on November 1.

Persons: Fitch, ”, Michael Peterson, Peter G, Peterson, Biden, Gary Schlossberg, Jennifer Timmerman, Gregory Daco, Bryan Mena, Jerome Powell, Instacart, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, AAA, AA, GOP, UAW, Wells, Investment Institute, Fed, Federal, Financial, Walmart Locations: New York, —, Amazon

☆ How Wall Street makes money by predicting the Fed’s decisions
▼ + stars: | 2023-09-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

There, you will find a bar chart plotting the share of traders predicting a rate hike, cut or no change in interest rates at an upcoming meeting. Traders’ actions translate into interest rate decision probabilitiesWhen the Fed changes interest rates it’s actually changing what’s known as the federal funds rate target range. The federal funds rate is the interest rate banks charge each other to borrow money, and it impacts the interest rate consumers pay for a variety of loans, including some mortgages. But it wasn’t until 2013 that the CME Group launched the FedWatch tool, giving everyone access to the information without having to do complex calculations. Why the FedWatch Tool is so closely followedThe Fed’s interest rate decisions can have serious implications for your investments.

Persons: that’s, Jerome Powell, ” Powell, Agha Mirza, Mirza, ”, FedWatch, ” Mirza, Alex McGrath, Ben Bernanke, Ken Kuttner, Powell’s Jackson, Dow, Greg Daco, Daco, McGrath, ” McGrath Organizations: New, New York CNN, Federal, Chicago Mercantile Exchange, CME Group, CNN, Fed, Index, “ Investors, Williams College Locations: New York, EY

☆ Klaviyo stock surges 23% as investors cheer the 3rd IPO in a week
▼ + stars: | 2023-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Klaviyo stock soared on its debut Wednesday, within days of Instacart and Arm's initial public offerings. The software company, founded in 2012, priced 19.2 million shares on Tuesday at $30 each, giving Klaviyo about a $9 billion valuation, fully diluted. Klaviyo helps companies build user profiles for targeted marketing. In 2020 and 2021, scores of companies initiated IPOs, but many now trade below their IPO price. Still, she said the likes of Arm, Instacart, and Klaviyo offer a "good litmus test" for what's to come in 2024.

Persons: Klaviyo, Wharton, David Erickson, Erickson, IPOs, Rachel Gerring, Gerring Organizations: Service, New York Stock Exchange, Venture, Wall Locations: Instacart, Wall, Silicon, Americas

☆ Big deals are coming in the IPO market, says EY
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig deals are coming in the IPO market, says EYRingo Choi, Asia Pacific IPO leader at EY, discusses Arm's recent initial public offering and what to expect from Instacart's.

Persons: EY Ringo Choi Locations: Asia Pacific

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