MetLife announced a new strategy called "New Frontier" to boost long-term growth.
Major Investor Sells Off Half a Billion Dollars in Chewy Stock
A firm affiliated with Chewy's biggest shareholder is selling off $500 million in stock.
Stifel expects S&P 500 to peak in early 2025 before falling
The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next year, a bearish view on the market when compared to Goldman Sachs and Morgan Stanley, which see the index end 2025 at 6,500. A correction in stocks could be triggered by the U.S. real gross domestic product slowing to 1.5% in the second half of 2025 and core personal consumption expenditure inflation staying above the Federal Reserve's target, Stifel strategists noted. The S&P 500 has had a strong run this year, rising about 27% so far, boosted by the so-called 'Magnificent 7' stocks rising on the artificial intelligence boom and anticipation of lower interest rates.
19 Australian renewable projects add 6.4GW to national electricity market
The projects are spread across New South Wales, Victoria, South Australia and Queensland.
Glendale's ServiceTitan sees shares pop in Nasdaq debut
Shares of ServiceTitan, a Glendale business management software firm, rose 42% in the company's initial public offering Thursday on the Nasdaq.
Warner Bros. Discovery Stock Jumps on Plan to Split TV Business From Streaming Studios
Warner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.
Buyout Firms Lead $25 Billion of Stock Sales on European Bourses
(Bloomberg) -- Buyout groups have been sitting on holdings built up as markets slumped after the pandemic. Now they’re helping fuel a bounce in Europe’s capital markets as they look to offload the backlog.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamInitial public offerings and selldowns
Power-Hungry AI Fuels Crypto VC's Bet on Tokenized Uranium Startup
Portal Ventures wrote the lead check in Uranium Digital's $1.7 million round.
Kroger Stock Rises on Resumed Buybacks After Collapse of Albertsons Merger
Kroger shares rose Thursday morning after the grocery chain laid out its plans for the future now that its proposed merger with Albertsons has been called off, including a new $7.5 billion stock buyback plan.
Why Is Cough-Focused Trevi Therapeutics Stock Skyrocketing On Thursday?
On Thursday, Trevi Therapeutics, Inc. (NASDAQ:TRVI) announced the outcome from the planned sample size re-estimation (SSRE) for the ongoing Phase 2b CORAL trial in idiopathic pulmonary fibrosis (IPF) patients with chronic cough, which requires no change to the current sample size for the trial (N=160). The CORAL trial is a double-blind, randomized, placebo-controlled, parallel-arm trial evaluating three doses of Haduvio (27mg, 54mg, and 108mg twice daily) compared to placebo in IPF patients with