Shares in US restaurant chain Cava almost doubled on their New York debut on Thursday, sparking hopes its success would spur others to follow it to market and help end a capital-raising drought.Cava’s pop made it the best opening-day performance by a US initial public offering of more than $300mn…

President Joe Biden has tapped Michael Tyler, a seasoned Democratic strategist, to serve as his campaign communications director, his campaign announced Thursday. Tyler previously served as deputy communications director on Sen. Cory Booker’s 2020 campaign and as spokesman and chief of staff to former chairman of the Democratic National Committee…

Coinbase Global Inc.’s bonds slipped further into distressed territory Wednesday, a day after the U.S. Securities and Exchange Commission filed charges against the platform as part of its broader crackdown of the crypto industry. Prices on its most-active 3.375% bonds due in October 2028 fell to about 60.44 cents on…

The outcome of a meeting this past weekend of major oil producers was somewhat surprising, but they may have expected to see a stronger climb in prices in the wake of Saudi Arabia’s decision to voluntarily cut another 1 million barrels a day from its production level. Some analysts do…

A bill going through the California legislature could help low-income Americans struggling with affordable housing by limiting the amount of money renters would have to pay for a security deposit. The state Assembly passed Bill 12 in May and now sits in the state Senate, where the policy committee will…

Gold prices settled lower on Monday, after posting a gain last week, as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve’s June policy meeting on Wednesday. Price actionWhat’s happening With U.S. benchmark stock indexes up along with the dollar and Treasury yields, it would’ve…

Investing.com — Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal. fell 0.1%, taking little support from a stronger daily midpoint fix…

Financial markets have long anticipated that the Federal Reserve would temporarily halt the raising of interest rates, as various measures of inflation are down by almost half of what they were a year ago. Unfortunately, however, our central bank remains in thrall to its wrong-headed notion that the only way…

The next generation AI revolution started with the launch of ChatGPT-3 in November 2022. Since then, venture capital activity has poured into the generative AI space and the tech giants have scrambled to respond. Alibaba has launched Tongyi Qianwen, Google GOOG has launched Bard, and Microsoft MSFT has launched Bing…

These FTSE 100 stocks have both dropped following fresh market statements released in Thursday trading. Here are the key takeaways from their updates. Bunzl Bunzl’s share price has fallen 2% to £30.44 after the firm released mixed trading details for the six months to June. The support services business said…