Reuters Oscar Health Inc, a health insurance startup backed by Google parent Alphabet Inc, sold shares in its initial public offering IPO on Tuesday at 39 apiece, above its target range, to raise 1.2 billion. The IPO gives New Yorkbased Oscar Health a market value of 7.7 billion. The target price range on the offering […]

Global shares gained on Wednesday, with European indexes echoing positive moves in Asia, as a retreat in U.S. Treasury yields fuelled demand for riskier assets and weakened the dollar. The Euro STOXX 600 added 0.7, with Frankfurt shares climbing 0.9 to a record high and Londons FTSE adding 1.3 before the UKs new budget is […]

Rates as of 0500 GMT Market Recap US markets were down yesterday, but stocks are up pretty much across the board in Asia this morning. The FX market reflects the good mood, with a riskon profile across the board the commodity currencies up and the safehaven USD, CHF and JPY down. US breakeven inflation rates […]

FRANKFURT, March 2 Reuters Euro zone inflation held steady as expected last month, taking a break in what is likely to be a temporary but sharp spike in consumer prices in the coming months, data showed on Tuesday. Prices in the 19 countries sharing the euro rose by 0.2 on the month in January and […]

Shares of Apple closed up 5.39 on Monday to a price of 127.79, outpacing the NASDAQ, which was only up 3.01 percent. It was Apples biggest day since Oct. 12, when shares rose 6.35. The bump came after Berkshire Hathaway chairman and CEO Warren Buffett said in his annual letter to investors published this weekend […]

March 2 Reuters The listed shares of the Japanese and Swiss central banks rose sharply on Tuesday, without any apparent underlying reason, in what traders said was a reflection of high levels of investor exuberance in markets flooded with cash. Shares in the Bank of Japan BOJ and the Swiss National Bank SNB gained as […]

Reuters Beacon Street Group will go public through a merger with blankcheck firm Ascendant Digital Acquisition Corp, in a deal that pegs the financial research subscriptions services proforma enterprise value at 3 billion. The cash portion of the deal, announced on Tuesday, will be financed by the 414 million raised in an initial public offering […]

TOKYO, March 2 Reuters Japans powerful lower house on Tuesday passed a record 1 trillion budget for the coming financial year, and lawmakers are already debating further stimulus to cope with the economic fallout from the coronavirus pandemic. Like many other nations, Japan has spent heavily to counter the pandemic. The budget for the year […]

Rates as of 0500 GMT Market Recap The theme in the market nowadays has been the fight between the market and the central banks over the likely path of monetary policy. Simply put, the market doesnt believe the central banks pledges to keep rates steady until X, Y or Z. Traders think the recovery is […]

TOKYO, March 2 Reuters Japanese stocks reversed course to close lower on Tuesday, as some investors cashed in on the indexes sharp rally in the runup to the fiscal yearend this month. Investors will close their books as the fiscal year ends on the last day of March and many market participants are looking to […]