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OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing
OpenAI is preparing to confidentially file for a U.S. IPO soon, aiming for a September debut as competition and SpaceX's filing loom.
Oil prices hit two-week high as Iran talks stall and Strait shipments lag
Oil prices climbed to a two-week high as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, tightening global supplies.
US Supreme Court rebuffs challenge to class-action status of bank collusion suit
The U.S. Supreme Court declined to hear an appeal by Bank of America and others, allowing a $12 billion class action on municipal bond rate collusion to proceed.
Wall Street indexes gain as investors hold out hope for US-Iran resolution
Wall Street indexes rose as investors hoped for a US-iran war resolution and monitored the start of the earnings season, with tech stocks leading gains.
Oil rebounds as fragile ceasefire, Hormuz concerns keep supply risks elevated
Oil prices rose over 3% amid concerns about a fragile Middle East ceasefire and restricted flows through the Strait of Hormuz, a key global energy route.
Aerospace parts maker Arxis targets $11.2B valuation in US IPO
Arxis, the aerospace components maker based in Bloomfield, Connecticut, aims for an $11.2 billion valuation in its U.S. initial public offering.
SoftBank secures $40B loan to boost OpenAI investments
SoftBank secures a $40 billion bridge loan to enhance investments in OpenAI and advance its artificial intelligence strategy.
Wall Street rises as bank earnings, chip stocks rally
U.S. stocks rose as strong results from Goldman Sachs and Morgan Stanley lifted banks and TSMC boosted chipmakers.
Goldman’s profit beats on record stock trading, sees robust M&A activity in 2026
Jan 15 (Reuters) – Goldman Sachs’ fourth-quarter profit beat Wall Street expectations on Thursday, driven by a surge in dealmaking and trading, as it expressed optimism for investment banking in the year ahead. A friendlier regulatory environment under U.S. President Donald Trump, lower interest rates and excess cash have led companies to pursue more deals. […]
Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
The government shutdown has delayed September’s jobs report, forcing economists and the Fed to rely on private data to gauge hiring trends.
US employers slash hiring as Trump advances a punishing trade agenda
U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.
Henrico-based TemperPack receives $140M in financing
TemperPack Technologies has received $140 million in new equity financing, the Henrico-based manufacturer announced Tuesday. The company manufactures ClimaCell thermal liners, a recyclable, nontoxic alternative to expanded polystyrene and Styrofoam, used to ship food, pharmaceutical and other products which help to reduce waste and carbon emissions. TemperPack produces millions of ClimaCell box [...]
