Business

Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand

Wednesday, July 1 by SRN News

By Aditi Tiwari July 1 (Reuters) - ITG's shares rose 12.5% in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion, as investors continued to back firms tied to the AI boom. The debut adds to signs that... Read More.

Musk denies WSJ report that SpaceX showed AI handset prototype before IPO

Wednesday, July 1 by SRN News

July 1 (Reuters) - Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO. "Utterly false," Musk said in a post on X, without elaborating. The Journal had... Read More.

AOL’s owner, Bending Spoons, hits Wall Street with $1.7 billion IPO

Wednesday, July 1 by SRN News

NEW YORK (AP) - The owner of AOL and other tech businesses hit Wall Street with a $1.7 billion initial public offering Wednesday. Bending Spoons priced 58 million shares at $29 apiece. The company is getting $1 billion in proceeds, while the rest is going... Read More.

Bending Spoons shares jump nearly 7% in US market debut

Wednesday, July 1 by SRN News

July 1 (Reuters) - Shares of Bending Spoons jumped nearly 7% in their U.S. market debut on Wednesday, giving the Italian technology company a $19.7 billion valuation. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Joyjeet Das) Brought to you by www.srnnews.com

Fed’s Warsh says some task force staffing to be revealed next week

Wednesday, July 1 by SRN News

By Michael S. Derby, Balazs Koranyi and Francesco Canepa SINTRA, Portugal, July 1 (Reuters) - Federal Reserve Chairman Kevin Warsh said on Wednesday that some of the key staffing of a slate of "task forces" looking at central bank operations will be made public very... Read More.

Corona maker Constellation sees World Cup-fueled gatherings driving US beer demand

Wednesday, July 1 by SRN News

By Anuja Bharat Mistry July 1 (Reuters) - Constellation Brands is seeing a rebound in U.S. beer sales after a sluggish start to 2026, as a flurry of major sporting events such as the NBA Finals and the soccer World Cup spur more social gatherings... Read More.

Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies

Wednesday, July 1 by SRN News

NEW YORK (AP) - A Democratic member of Congress is calling for the federal government to investigate the growing "rent now, pay later" industry, saying Americans may not understand the fees and cost structure of these products as the services become more widely available. Rep.... Read More.

Uber-backed Lime’s shares rise in Nasdaq debut

Wednesday, July 1 by SRN News

July 1 (Reuters) - Uber-backed Lime's shares jumped 8% in its Nasdaq debut on Wednesday after the company raised $167 million in its U.S. IPO, valuing the electric scooter and bike operator at about $1.73 billion. Its shares opened at $27, compared with the initial... Read More.

French shipping company CMA CGM Group to buy FedEx’ logistics arm for $1.4B

Wednesday, July 1 by SRN News

NEW YORK (AP) - French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the... Read More.

Changes to student loans are taking effect July 1. Here’s what to know

Wednesday, July 1 by SRN News

NEW YORK (AP) - Changes to federal student loans expected to affect millions of borrowers are taking effect July 1. A part of President Donald Trump's "Big Beautiful Bill," these changes mean the end of some payment plans and new limits for graduate loans.... Read More.

Current Weather

Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand

Musk denies WSJ report that SpaceX showed AI handset prototype before IPO

AOL’s owner, Bending Spoons, hits Wall Street with $1.7 billion IPO

Bending Spoons shares jump nearly 7% in US market debut

Fed’s Warsh says some task force staffing to be revealed next week

Corona maker Constellation sees World Cup-fueled gatherings driving US beer demand

Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies

Uber-backed Lime’s shares rise in Nasdaq debut

Changes to student loans are taking effect July 1. Here’s what to know

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