These private companies could be the ‘magnificent seven’ of the future
SpaceX, OpenAI, Scale AI, Databricks, Fanatics, Stripe and Rippling make list compiled by private stock trading firm Forge Global Source link...
MARKET
History shows Wall Street analyst estimates can be 30% too high at the peak, which one strategist says may be now
Wall Street earnings expectations assume profit growth will continue despite signs of the economy rolling over, says strategist. Source link...
AST SpaceMobile’s stock rises amid final preparations for its first commercial-satellite launch
The launch of AST SpaceMobile’s first five commercial satellites is scheduled for 4:52 a.m. Eastern time Thursday. Source link...
Mortgage rates plunge to lowest level since February 2023
Mortgage applications rose 1.4% in the last week, the Mortgage Bankers Association said. Source link...
European Central Bank to cut interest rates again as inflation and economy cools
The ECB is expected to trim borrowing costs as its focus shifts from damping inflation to supporting the bloc’s faltering economy. Source link...
Rentokil shares plunge as cockroach killer warns of $105 million hit to U.S. arm
The British exterminator said slower sales in North America and negative currency impacts would see its full-year profits drop compared to last year, to sums of around £700 million Source link...
CPI inflation data Wednesday could be crucial in deciding Fed’s next rate move
How big a pair of scissors will the Fed take to interest rates? It’s a big topic as investors await inflation data due Wednesday. Source link...
The market has pronounced a winner from Tuesday’s debate, and it’s Kamala Harris
Financial markets early Wednesday were moving in a way consistent with reduced likelihood of a second Donald Trump presidency. Source link...
Commerzbank shares jump as Italy’s UniCredit builds a 9% stake
Commerzbank shares surged on Wednesday after Italy’s biggest bank UniCredit bought a minority stake, triggering speculation a full merger could occur. Source link...
News Corp’s REA says $7.3 billion bid for Rightmove was rejected
News Corp-controlled REA Group will have to sweeten the deal if it is to bring together two of the English-speaking world’s dominant real-estate listing websites, after U.K. counterpart Rightmove rebuffed its initial $7.32 billion approach. Source link...
