(Reuters) -Shares of BKV rose 3.1% in their debut on the New York Stock Exchange on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion. The beginning of the U.S. Federal Reserve’s long-awaited interest rate-cutting cycle has opened a window of opportunity for companies looking to list their shares. Some are […]
Analysis-Stellantis CEO follows Chinese route to avoid EV tariff ‘trap’
By Nick Carey, Nora Eckert and Joseph White LONDON/DETROIT (Reuters) – Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite the European and U.S. tariffs CEO Carlos Tavares lambasts as anticompetitive, but the world’s No. 4 automaker must navigate trade barriers on both sides of the Atlantic if it wants to succeed. […]
US IPOs set to extend recovery after staging a solid comeback
By Niket Nishant and Manya Saini (Reuters) -The U.S. IPO market has bounced back strongly in 2024 after a nearly two-year dry spell, driven by receding recession fears and a searing rally in stocks. Still, investor preference for companies with a clear path to profitability has kept enthusiasm in check, with analysts expecting a recovery […]
FCC finalizes $6 million fine over AI-generated Biden robocalls
(Reuters) – The Federal Communications Commission on Thursday finalized a $6 million fine for a political consultant over fake robocalls in imitating President Joe Biden that sought to dissuade people from voting for him in a New Hampshire’s primary election. In May, Steven Kramer, a Louisiana Democratic political consultant was indicted in New Hampshire over […]