Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025. Companies raised approximately $22 billion across 160 initial public offerings at Nasdaq in the first 11 months of this year, outpacing the nearly $17 billion in 34 listings for NYSE, according to data provided by Dealogic and Nasdaq. Market watchers took it as another hopeful sign for IPO volume, which has slumped in recent years after the Federal Reserve ramped up interest rates in 2022 to stem surging inflation.
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Glencore Hires Ex-BP Oil Trader for Top Crude Job in Asia
(Bloomberg) -- Glencore Plc has hired ex-BP Plc trader Aditya Ravavarapu to lead its Asian crude oil trading team out of Singapore, according to people with knowledge of the matter.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsRavavarapu is currently on gardening leave and will start with Glencore in January,
What Analysts Think of FedEx's Stock Ahead of Earnings
FedEx is set to report second-quarter earnings after the market closes Thursday, with analysts expecting another quarter showing a small decline in revenue before the shipping giant returns to growth.
What's ahead for the markets in 2025, according to experts
U.S. stocks rose in 2024, fueled by the unprecedented surge of artificial intelligence — a revolutionary technology that has driven investor sentiment. Inflation also eased after a couple of years of persistent price pressure, allowing the Federal Reserve to start cutting interest rates.
What Analysts Think of Nike's Stock Ahead of Earnings
Nike is set to report fiscal second-quarter earnings after the market closes Thursday, its first quarterly results since its new CEO, company veteran Elliott Hill, took over in October.
French Bonds, Stocks Slip After Moody’s Downgrades Credit Rating
(Bloomberg) -- French bonds and stocks lagged peers after Moody’s Ratings cut the country’s credit rating, putting more pressure on officials after far-right leader Marine Le Pen toppled the previous prime minister over a budget dispute.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsThe yield on 10-year French debt rose three bas