US Manufacturing Activity Contracted in June for a Fourth Month

Jul 1, 2025 | Markets

US factory activity contracted in June for a fourth consecutive month as orders and employment shrank at a faster pace, extending the malaise in manufacturing. The Institute for Supply Management’s manufacturing index edged up 0.5 point last month to 49, according to...

Zuckerberg Debuts Meta ‘Superintelligence’ Group, More Hires

Jun 30, 2025 | Markets

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company’s artificial intelligence group, including a commitment to developing AI “superintelligence,” or systems that can complete tasks as well as or even better than...

Citigroup Sees Bigger IPOs as Private Deals Bulk Up Valuations

Jun 27, 2025 | Markets

A wave of big initial public offerings is building as emerging growth companies stay private for longer and bulk up their valuations through secondary stock sales. “I don’t know if it’s here forever, but I think you are winding up a coil,” said John Collmer, global...