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Lumexa Imaging valued at $1.76 billion as shares edge up in Nasdaq debut

Lumexa Imaging valued at $1.76 billion as shares edge up in Nasdaq debut

By Manya Saini Dec 11 (Reuters) - Lumexa Imaging's shares rose marginally in their Nasdaq debut on Thursday, valuing the provider of diagnostic imaging services at $1.76 billion, as investor enthusiasm for new listings defied the traditional year-end market lull.

Nasdaq seeks more power to block IPOs vulnerable to manipulation

Nasdaq seeks more power to block IPOs vulnerable to manipulation

Dec 12 (Reuters) - Nasdaq on Friday proposed a new rule that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a company's stock vulnerable to manipulation.

A sell-off for Oracle weighs on Wall Street even as the Dow jumps 600 points

A sell-off for Oracle weighs on Wall Street even as the Dow jumps 600 points

A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off

Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is rising toward records, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weigh on the market

Fintech Wealthfront valued at $2.63 billion in Nasdaq debut

Fintech Wealthfront valued at $2.63 billion in Nasdaq debut

By Prakhar Srivastava Dec 12 (Reuters) - Wealthfront's shares opened flat in their Nasdaq debut on Friday, valuing the automated digital wealth management company at $2.63 billion on a fully diluted basis, as investors remained selective in a crowded fintech listing.

Wells Fargo hiring spree fuels investment banking ambitions

Wells Fargo hiring spree fuels investment banking ambitions

NEW YORK, Dec 12 (Reuters) - Wells Fargo, the fourth-biggest U.S. bank, plans to extend its hiring spree in investment banking after new recruits and efforts to grow market share significantly boosted the lender's ranking in mergers and acquisitions.

Raleigh construction firm Cardinal Infrastructure raises about $241.5 million in US IPO

Raleigh construction firm Cardinal Infrastructure raises about $241.5 million in US IPO

Dec 9 (Reuters) - Construction services provider Cardinal Infrastructure Group said on Tuesday it has raised about $241.5 million in its initial public offering in the United States.

Welsh Carson-backed Lumexa Imaging raises $463 million in US IPO

Welsh Carson-backed Lumexa Imaging raises $463 million in US IPO

Dec 10 (Reuters) - Lumexa Imaging, one of the largest U.S. diagnostic imaging services providers, said on Wednesday it has raised $462.5 million in its initial public offering.

US consumer spending on AmEx cards rose 9% over Thanksgiving holiday week, CEO says

US consumer spending on AmEx cards rose 9% over Thanksgiving holiday week, CEO says

By Pritam Biswas and Manya Saini Dec 10 (Reuters) - American Express' network recorded 9% growth in U.S. retail consumer spending around the key Thanksgiving holiday week, the credit card giant's CEO Stephen Squeri said on Wednesday.

US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday

US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday

U.S. stocks largely held in place as Wall Street waits to hear what the Federal Reserve will say about interest rates

Winklevoss twins' Gemini bags US license for prediction markets

Winklevoss twins' Gemini bags US license for prediction markets

Dec 10 (Reuters) - Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.

Lazard CEO says a Washington strategy now essential to get deals done

Lazard CEO says a Washington strategy now essential to get deals done

By Manya Saini and Tatiana Bautzer NEW YORK, Dec 10 (Reuters) - Lazard CEO Peter Orszag said on Wednesday dealmakers now need to have a Washington "White House or Cabinet-level strategy" to be able to complete transactions.