In their first day of trade on Thursday, the ADRs of British chip developer Arm Holdings increased by more than 17%. Arm raised $4.87 billion in an initial public offering (IPO), selling 95.5 million ADRs at $51 each. In the IPO, the company was valued at $54.5 billion. Arm equities' initial...

Google's trial over its hegemony in internet searches has started in the US. An antitrust case accusing Google of abusing its monopoly status in the Internet search industry and building artificial barriers for rivals is now discussed in the Washington court. "Google's contracts make it...

The US grocery delivery business Instacart intends to list shares at a price of $26-28 a share on the Nasdaq market. According to the IPO prospectus submitted to the U.S. Securities and Exchange Commission (SEC), the company, officially known as Maplebear Inc., will sell 7.9 million additional...

US auto dealer Asbury Automotive Group acquire its competitor Jim Koons, which will become the largest transaction in the industry since 2021, Asbury announced in a news release. Approximately $1.2 billion will be the deal's estimated value, according to MarketWatch. It's anticipated to close in...

The largest sovereign wealth fund in the world, the Norwegian Sovereign Fund, decided to close its only office in China while keeping its interests there. The fund's Shanghai branch had been operational since November 2007, according to the bank’s statement. It now employs eight people. The fund...

Despite positive signs that core inflation is beginning to slow, Philip Lane of the European Central Bank cautions of an impending time of high uncertainty. In an interview with The Currency website, Philip Lane echoed ECB President Christine Lagarde's call for colleagues to be "humble" in...

Representatives of Warner Bros. Discovery forecast that this year's Hollywood writers' and performers' strikes might cost the movies industry between $300 million and $500 million. The guilds that represent more than 170,000 actors and screenwriters started the protests this summer. The Writers...

A representative for the company claims that the effects of the elements have caused one of the suppliers of spare parts to curtail manufacturing in this nation. The flooding in Slovenia may cause issues for German carmaker Volkswagen on the assembly lines in September because one of the country's...

U.S. corporations have complained to Gina Raimondo, the secretary of commerce for the United States, that China has become "uninvestible," citing fines, raids, and other steps that have made doing business in the second-largest economy in the world dangerous.   The remarks were the bluntest...