Golden Goose Group SpA, a luxury sneaker brand, is preparing for an initial public offering (IPO) in Milan. This IPO is set to become Italy’s largest listing in over a year, providing a boost to Europe’s equity capital markets which have been experiencing an uneven recovery.
Salesforce plummets as weak forecast sparks concern of AI competition
Shares of Salesforce, a cloud-based software firm, plunged 16% before the market opened on Thursday following its lowest quarterly revenue growth forecast ever. The disappointing forecast raised concerns that high interest rates and the emergence of artificial intelligence offerings from competitors were dampening demand for Salesforce’s products.
Morning Bid: Agitated markets wary of June heat
After a period of apprehension in the bond market, there was a slight easing of tension on Thursday. However, investors remain cautious due to concerns over significant sovereign debt sales and uncertainties surrounding upcoming elections, setting the stage for a volatile June.
Futures slip as rate-cut uncertainty persists; data on tap
Stock index futures in the U.S. were affected by the uncertainty surrounding the duration of elevated interest rates set by the Federal Reserve. Investors remained cautious as they awaited crucial data that would provide insight into the state of the economy.
Caleb Love withdraws from NBA Draft, returns to Arizona; top recruit Joson Sanon switches commitment to rival ASU
In a recent announcement on Wednesday, the rising fifth-year senior made it known that he will be removing his name from consideration for the NBA Draft and will be returning to Arizona for his final season of eligibility. This news immediately led to a decommitment from highly sought-after wing Joson Sanon, who promptly switched his commitment to rival Arizona State.
Darnell Nurse overcomes rough start as Oilers pull even with Stars
Edmonton Oilers defenseman Darnell Nurse faced intense scrutiny heading into Game 4 of the Western Conference finals due to his lackluster performance against the Dallas Stars. Unfortunately, the start of the game only added to his troubles.
Mavericks Dereck Lively upgraded to questionable for Game 5 with neck sprain
In the three games against Minnesota, the presence of Dereck Lively on the court has had a significant impact for the Dallas Mavericks, as they have outscored their opponents by 22 points. Conversely, in the one game that Lively missed, Dallas suffered a loss.
Oilers-Stars Game 4 takeaways, early look at Game 5 matchup
Heading into Game 4, the Edmonton Oilers were trailing 2-1 in the series. The Dallas Stars quickly scored two goals within the first 5:29 of the game, putting the Oilers at risk of falling behind even further, with a potential 3-1 deficit.