© Reuters. Monday saw a continued rise in the stock value of Raleigh, N.C.-based lender First Citizens BancShares, which surged over 50% following its acquisition of Silicon Valley Bank (SVB). This trend is unusual as typically, the acquiring company’s stock price tends to drop post-acquisition. Market sentiment towards First Citizens…

© Reuters The prolonged strike that had significantly disrupted Hollywood’s TV and film production is expected to end following a tentative agreement between writers and studios, announced late Sunday. The deal, set to last for three years, has yet to have its specifics disclosed but is believed to include increased…

© Reuters. On Monday, major U.S. stock indices ended the trading session near their peak, despite a rise in the country’s yields. The ten-year yield experienced an increase of about 11 basis points, while the thirty-year yield rose by 14 basis points. This recovery comes after the S&P and NASDAQ…

© Reuters. Coty (COTY) Launches Global Share Offering; Lists on the Professional Segment of Euronext Paris Coty Inc. (COTY) (“Coty” or the “Company”), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, today announced the launch of…

© Reuters. Investing.com — The Dow made a late dash higher to eked out a gain Monday, as an Amazon (NASDAQ:) fueled rise in tech and a jump in energy stocks helped stocks wriggle away from the squeeze delivered by surging Treasury yields.      The rose 0.4%, the gained 0.1%…

© Reuters. FILE PHOTO: Sam Altman, CEO of ChatGPT maker OpenAI, attends an open dialogue with students at Keio University in Tokyo, Japan June 12, 2023. REUTERS/Issei Kato/file photo TAIPEI (Reuters) – The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but…

© Reuters. Sealed Air (NYSE:), the corporation recognized for its production of Bubble Wrap, Cryovac, and Liquibox, is expected to witness a surge in earnings in 2024, as per analysts at Citi. This projection follows a difficult year for the company in 2023. The company’s stock saw a rise of…

© Reuters. Monday saw Mike Wilson, the Chief Investment Officer of Morgan Stanley, highlighting a series of potential threats to consumer-oriented stocks. Factors such as dwindling consumer spending and the recommencement of student loan repayments were among the risks identified. In light of these concerns, Wilson’s team is advising investors…

© Reuters Leading Wall Street exchanges have expedited investor access to options trading for newly listed companies, a development that took place quietly over the summer. The revision has shortened the post-IPO waiting period for options trading from four sessions to a mere two. This change was notably observed in…

Opendoor (NASDAQ:) Technologies, the notable fintech company, saw a significant 5.2% decline in share value on Monday. The drop is largely due to Citigroup (NYSE:)’s decision to lower its price target for Opendoor from $3.90 to $2.70, while maintaining a neutral rating for the company. The recent decrease in Opendoor’s…