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Stock Market

SoftBank’s Arm aims for over $52 bln valuation in biggest US IPO of the year

Sept 5 (Reuters) - SoftBank Group's (9984.T) Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece and is looking to raise up to $4.87 billion at the top of the range, Arm said in a regulatory filing.The valuation that Arm is chasing now represents a climb-down from...
Stock Market

Wall St shares fall on slowing but strong US labor market

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File PhotoU.S. shares slip but global markets rally on U.S. jobs dataAmazon shares surge 8% on strong earnings; Apple falls nearly 5%U.S. Treasury yields and the dollar declineOil gains 1% plusAug 4 (Reuters) - Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market.Nonfarm...
Investing

Wall Street dips on jitters ahead of Fed minutes

Moderna climbs on deal to develop mRNA medicines in ChinaChip stocks slide on China's export curbsU.S. May factory orders miss expectationsFed minutes awaited at 2:00 p.m. ETIndexes down: Dow 0.16%, S&P 0.05%, Nasdaq 0.07%July 5 (Reuters) - Wall Street's main indexes fell on Wednesday ahead of the Federal Reserve's June meeting minutes, while weak U.S. and China economic data as well as rising Sino-U.S. tensions dented investor sentiment.May U.S. factory orders rose less than expected, according to a Commerce Department report, fanning fears of a slowdown due to high interest...
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