Jun 14, 2024 | Markets
Shares have surged more than 300% since its IPO one year ago Rally is so extreme it’s starting to cause angst among bulls Of all the hot IPOs over the past year — AI firms and biotech startups and the like — none has popped on Wall Street quite like Cava Group Inc....
Jun 14, 2024 | Markets
Fund’s collapse led to billions of dollars in bank losses Two big attempts to limit single family office risks failed Ralph Hamers, the former chief executive officer of UBS Group AG, looked sullen as he explained how the bank lost hundreds of millions of dollars...
Jun 13, 2024 | Markets
Microsoft Corp., facing scrutiny over the security of its products, is withdrawing a new artificial intelligence feature of its Windows software for new personal computers from broad release and instead will test it with a smaller group. Recall, a Windows...
Jun 13, 2024 | Markets
PPI fell 0.2% in May on sharp decrease in energy costs Most categories that feed Fed’s favored price gauge were tame US producer prices unexpectedly declined in May by the most in seven months, another welcome development that will strengthen the Federal Reserve’s...
Jun 12, 2024 | Markets
Carlyle Group Inc. is preparing to exit “a number” of investments as the market for private equity dealmaking rebounds, according to a top executive with the firm. “We are beginning to see the whole market improve on buying and selling,” Brian Bernasek, co-head of...
Jun 12, 2024 | Markets
CTA positioning in US equities reaches its limit: Rubner Investors not ‘positioned for a further move higher’: Rubner Traders should watch for stock market weakness later this summer as positioning in US equities reaches its limit, according to Scott Rubner, global...
