News

Vooma grabs $16.6M in funding as brokers prepare for market swing

After years of volatility due to economic uncertainties and global disruptions, the freight industry is seeing early signs of recovery. However, this recovery comes with challenges, including tighter capacity and heightened expectations for operational efficiency. The post Vooma grabs $16.6M in funding as brokers prepare for market swing appeared first on FreightWaves.

Fed’s Bostic Keeping ‘Options Open’ for December Rate Decision

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he’s undecided on whether an interest-rate cut is needed this month, but still believes officials should continue lowering rates over the coming months.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban Destruction“The risks to achieving the committee’s dual mandates of maximum employment and price stability have shifted such that they

Jane Street Returns to Debt Markets With $1 Billion Loan Deal

(Bloomberg) -- Jane Street Group LLC is back in the leveraged debt markets after launching a $1 billion leveraged loan on Monday amid a rush of deals.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionProceeds on the seven-year loan will be used to refinance and increase the size of the trading firm’s existing first-lien loan, with incremental proceeds going toward general corporate purposes and trad