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(Bloomberg) -- Oddo BHF SCA is working on a euro-denominated stablecoin, people familiar with the matter said, an initiative that would bring it into an increasingly crowded market. 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 Paris-based financial group has been working with crypto

Interactive Strength Inc. (NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The target company has over $40 million in revenue and positive EBITDA, in a 100% equity consideration transaction. This acquisition supports its strategy of leveraging its public listing to acquire profitable, high-growth businesses in the fragmented global health & wellness market. The

Adobe shares fell sharply in premarket trading on Thursday after the multimedia software provider issued a weaker-than-expected revenue outlook. Monitor these key post-earnings price levels.

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before. Higher food prices pushed up the November wholesale inflation reading, which came in hotter than economists had expected.

Analysts expect Broadcom Inc. (NASDAQ:AVGO) to report fourth quarter earnings at $1.39 per share after the closing bell on Thursday, Dec. 12. That would be up from $1.11 per share in the year-ago period. The Palo Alto, California-based company also projects quarterly revenue of $14.06 billion, compared to $9.29 billion a year earlier. With the recent buzz around Broadcom, some investors may be eyeing potential gains from the company's dividends. As of now, Broadcom offers an annual dividend yiel

Stubborn inflation and a slowing economy will cause the S 500 to decline next year, one strategist forecasts.

Rally, an alternative assets company that lets people buy fractional shares in rare objects, is about to have its most prehistoric IPO yet.