(Reuters) -Tax software company Avalara disclosed on Monday it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grows. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 and was taken private…
By Aatreyee Dasgupta (Reuters) -U.S. homebuilders are navigating several headwinds as they approach quarterly earnings reports, including rising costs of construction materials, persistently high interest rates, and concerns that President Donald Trump’s proposed mass deportation efforts could significantly impact the construction industry. The sector is also grappling with a weakening consumer sentiment, prompting builders to…
By Suzanne McGee, Niket Nishant and Manya Saini NEW YORK (Reuters) -Bitcoin’s surge to a record this week has reignited questions about the role institutional investors are playing in pushing it higher, with analysts suggesting their role is still in its infancy. The world’s largest cryptocurrency earlier this week surged to a record above $123,000,…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -The final season of global phenomenon “Squid Game” helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said….
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he continues to believe that the U.S. central bank should cut its interest rate target at the end of the month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise…
By Ana Mano SAO PAULO (Reuters) -U.S.-based grain merchant Archer Daniels Midland is closing a pet food plant in Brazil, according to a statement sent this week to Reuters in response to questions, as part of broader efforts to streamline costs and operations. ADM said workers at the facility, which will operate for another 90…
By Chris Prentice WASHINGTON (Reuters) -The fate of long-awaited cryptocurrency legislation in the U.S. Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers from both parties, and shares of some companies in the sector fell. House Republicans had billed this week as “Crypto week,” and…
By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald Trump’s effort to shrink the size and cost of the…
By Ernest Scheyder (Reuters) -The U.S. Department of Defense plans to continue investing in critical minerals projects to ensure a diverse American supply of the building blocks for weapons and many electronics, a defense official told Reuters on Tuesday. The Pentagon signed a multibillion-dollar deal last week to become the largest shareholder in rare earths…
PITTSBURGH, Pennsylvania (Reuters) -U.S. President Donald Trump on Tuesday lauded a new trade deal signed with Indonesia and said the United States would be fighting China “in a very friendly fashion.” Trump told an energy summit at Carnegie Mellon University that other trade deals could be reached, including potentially with India. Trump has launched a…
