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Instacart Prices IPO at $30 a Share, at Top End of Expectations
Business

Instacart Prices IPO at $30 a Share, at Top End of Expectations

The grocery-delivery company is valued at nearly $10 billion ahead of its long-anticipated public-trading debut Tuesday. Source link

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall
Business

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said. Source link

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Turkey raises rate by 250 bp to 17.5%, below expectations By Reuters

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla

Oddity Prices Closely Watched IPO Above Expectations
Finances

Oddity Prices Closely Watched IPO Above Expectations

Beauty company sells more shares than planned, signaling investors may be ready to write checks for new companies again. Source link

Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

Russian inflation expectations jump to 11.1% with rate decision imminent By Reuters

© Reuters. FILE PHOTO: A customer pays with Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo MOSCOW (Reuters) –

Finances

China’s Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations By Reuters

© Reuters. FILE PHOTO: Employees work on the trucks production line during an organised media tour to the Shaanxi Automobile Group factory in Xian, Shaanxi

Germany reaches deal with EU on future use of combustion engines By Reuters
Finances

China’s Q2 GDP growth slows to 0.8% q/q, just above expectations By Reuters

© Reuters. FILE PHOTO: A worker checks steel wires at a warehouse in Dalian, Liaoning province, China May 15, 2017. REUTERS/Stringer/File Photo BEIJING (Reuters) –

Economists Are Cutting Back Their Recession Expectations
Business

Economists Are Cutting Back Their Recession Expectations

Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link