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(Bloomberg) -- ServiceTitan Inc. shares climbed 42% above their initial public offering price after the residential and commercial repair software company raised $624.8 million.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Glendale, California-based company’s stock closed at $101 each

The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector.

In a significant advancement for the freight brokerage industry, SONAR, the leading provider of high-frequency freight market data, has unveiled the Coverage Guide, an AI-powered offering within its new Broker Tool Kit. This cutting-edge application aims to simplify the complex decision-making process for freight brokers, enhancing efficiency and profitability. The post SONAR releases Coverage Guide, an AI-powered freight market intelligence offering for brokers appeared first on FreightWaves.

The S&P 500 slid 0.5% on Thursday, Dec. 12, 2024, following a report showing hotter-than-expected wholesale inflation data from November.

(Bloomberg) -- Traders dubbed Brazil’s central bank hawkish turn “a shock and awe” move that would lift the nation’s battered assets. A day later, the market is signaling it’s not enough. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Brazilian real closed the session 0.5% lower, the w

(Bloomberg) -- Beneath a stock market that goes from one record to the next lies a concerning trend for some Wall Street strategists: Fewer stocks are buttressing the advance.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe S&P 500 Index closed out its ninth consecutive day where the num

Shares of ServiceTitan rocketed higher on the company’s as investor appetite for its initial public offering surpassed expectations on its first day of trading.