An hour ago
SoftBank shares slipped slightly after the IPO to arm prices of $51 a share
Shares of Japanese investment firm Softbank fell slightly on Thursday after subsidiary Arm priced its initial public offering at $51 a share.
SoftBank shares were down 2.17% in the morning session.
At $51 per share, Arm’s fully diluted market capitalization, including outstanding restricted stock units, is valued at more than $54 billion. Arm shares will begin trading on the Nasdaq on Thursday.
The UK-based company has at least 95.5 million American depositary shares listed on Nasdaq, and its current owner, SoftBank, will control 90% of the company’s outstanding shares.
An hour ago
Australia’s unemployment rate steady in August, labor force participation rises
Australia’s unemployment rate Holding steady at 3.7% in August, it was unchanged from the previous month, beating expectations of economists polled by Reuters.
Australia’s labor force participation rate rose to 64,900 in August, compared with 67% expected in a Reuters poll.
– Lim Hui Jee
3 hours before
CNBC Pro: Arm IPO: Should you buy the stock? Here’s what 4 analysts had to say
16 hours ago
Core inflation in August, excluding food and energy, was slightly higher than expected
Core CPI, excluding food and energy, rose 0.3% on a monthly basis in August, better than the 0.2% increase expected by economists polled by Dow Jones. According to estimates, this number has increased by 4.3% from a year ago.
The headline number rose 0.6% last month and according to Dow Jones estimates. Headline prices rose 3.7% on a year-over-year basis, ahead of the 3.6% expected by economists.
– Samantha Subin
3 hours before
CNBC Pro: Goldman Says These Global Stocks Will Soar on Buying Stocks – Gives a 100% Upward Surge
Analysts at Goldman Sachs predict that European stocks will announce significant buybacks through 2024 – which they say could lead to significant upside in their share prices.
Buybacks reduce the amount of shares outstanding and can increase their price—one of the many ways companies can reward shareholders.
CNBC Pro subscribers can read more here.
– Amala Balakrishna
9 hours ago
Google is cutting hundreds of jobs at its recruiting firm
Check out the chart…
Alphabet shares 1 day
– Jennifer Elias, Sarah Min
15 hours ago
Gold hit a multi-week low
Gold prices fell to a three-week low on Wednesday.
The metal touched a session low of 1,927.2. This is the lowest since hitting 1,926.2 on August 23.
-Alex Haring, Gina Brancola
9 hours ago
Wall Street weighs in on Apple’s latest iPhone
Analysts mostly found positives in Apple’s Tuesday release event, but a surprise could raise risks of a revenue shortfall on the margin, according to one analyst.
Read more about Wall Street and get the latest stock news here.
– Samantha Subin
