Overall, 108 initial public offerings raised proceeds of about $19.4 billion in 2023, according to Renaissance Capital. That’s up from a dismal 71 IPOs for proceeds of $7.7 billion in 2022, when high inflation and rising interest rates discouraged companies from hitting the market.... Read More
More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy. Jobless claims rose to 218,000 for the week ending Dec. 23, an increase of 12,000 from the previous week.... Read More
State Rep. Denny Zent of Angola announced his intention to retire following the conclusion of his current term, becoming the second GOP state representative this month to do so. The Republican represents portions of LaGrange and Steuben counties.... Read More
Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure.... Read More
The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024.... Read More
President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.... Read More
Home loan financing costs eased again this week, pulling the average long-term U.S. mortgage rate down to a six-month low. The average rate on a 30-year mortgage dropped to 6.67% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. ... Read More
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.... Read More
Pittsburgh-based U.S. Steel is being acquired by Tokyo-based Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The price tag for U.S. Steel is nearly double what was offered just four months ago by rival Cleveland Cliffs. ... Read More
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time. Speaking at a news conference, Chair Jerome Powell said that Fed officials are likely done raising interest rates because of how steadily inflation has cooled.... Read More
