As anticipation builds, Arm has released more pricing details ahead of what is to be the biggest initial public offering (IPO) of the year. The chip designer filed an updated F1 filing with the Securities and Exchange Commission on September 5. The firm will list 95.5 million ordinary shares under the ticker “ARM,” targeting a price range between $47 and $51. Although […]

Extending the pullback seen over the two previous sessions, treasuries moved to the downside over the course of the trading day on Wednesday. Bond prices saw initial strength but slid into negative territory in morning trading and spent the rest of the day in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, […]

The futures traded lower after we started the holiday-shortened trading week with all the major indexes closing lower on the day. Softer economic data out of China and a growing sense that stocks are very overbought after finishing August strong were among the reasons the risk-off crowd held serve. After a very busy round of economic data last week, things […]

Save articles for later Add articles to your saved list and come back to them any time. The aphorism goes that “bigger is better”, but that may not seem the case with the multibillion-dollar banking sector. Commonwealth Bank, NAB, Westpac and ANZ are household names – they dominate the market and are known as the “big four”. You could even […]

After U.S. markets closed Thursday, Broadcom Inc. (NASDAQ: AVGO) reported better-than-expected earnings per share of $10.54 (versus estimated $10.43) for its fiscal third quarter, but revenue failed to meet expectations even though sales rose by 4.5% year over year. Broadcom also issued in-line revenue guidance for the fourth quarter that ends in October. CEO Hock Tan said third-quarter results were […]

After ending the previous session little changed, treasuries showed a modest move to the upside during trading on Thursday. Bond prices moved higher in morning trading but gave back some ground in the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 2.5 basis points to 4.093 percent. The ten-year yield moved lower […]

Following the rally seen in the previous session, treasuries saw modest strength for much of the trading day on Wednesday before closing little changed. Bond prices moved to the upside in early trading but pulled back near the unchanged line going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down […]