The company’s shares soared 250% in their New York Stock Exchange debut, yielding a market capitalization of $47 billion.
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With CyberArk, Palo Alto enters into the “identity security” market, now at an “inflection point” due to the rise of agentic AI.
The deal will help bolster Evercore’s presence in Europe, where it placed 13th by deal volume in PwC’s advisory rankings last year.
On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday.
Companies that have been waiting on the crypto sidelines are likely about to jump in the game following the passage of the GENIUS Act.
A merger between Norfolk Southern and Union Pacific would create a coast-to-coast rail operator, something that doesn’t exist in the US.
The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.
Issuers are pumping out funds to meet investor demand, but there’s a growing risk that many of the new ETFs will have short shelf lives.
Block’s membership in the index comes as it transitions into an all-in-one finance platform that offers debit cards and loans to clients.
Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.
The consensus takeaway from the earnings season so far is that the economy is, in spite of everything, doing pretty good.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
Ferrero previously bought Nestlé’s US candy biz for $2.8 billion, as well as chocolate-maker Fannie May and RedHots owner Ferrara.
The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.
The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.
The US debt is about the same as its entire economic output and is projected to grow if Trump’s megabill passes.