Top NewsLive updates on US inflation, Australia jobs

Live updates on US inflation, Australia jobs

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An hour ago

SoftBank shares slipped slightly after the IPO to arm prices of $51 a share

Shares of Japanese investment firm Softbank fell slightly on Thursday after subsidiary Arm priced its initial public offering at $51 a share.

SoftBank shares were down 2.17% in the morning session.

At $51 per share, Arm’s fully diluted market capitalization, including outstanding restricted stock units, is valued at more than $54 billion. Arm shares will begin trading on the Nasdaq on Thursday.

The UK-based company has at least 95.5 million American depositary shares listed on Nasdaq, and its current owner, SoftBank, will control 90% of the company’s outstanding shares.

An hour ago

Australia’s unemployment rate steady in August, labor force participation rises

Australia’s unemployment rate Holding steady at 3.7% in August, it was unchanged from the previous month, beating expectations of economists polled by Reuters.

Australia’s labor force participation rate rose to 64,900 in August, compared with 67% expected in a Reuters poll.

– Lim Hui Jee

3 hours before

CNBC Pro: Arm IPO: Should you buy the stock? Here’s what 4 analysts had to say

16 hours ago

Core inflation in August, excluding food and energy, was slightly higher than expected

3 hours before

CNBC Pro: Goldman Says These Global Stocks Will Soar on Buying Stocks – Gives a 100% Upward Surge

Analysts at Goldman Sachs predict that European stocks will announce significant buybacks through 2024 – which they say could lead to significant upside in their share prices.

Buybacks reduce the amount of shares outstanding and can increase their price—one of the many ways companies can reward shareholders.

CNBC Pro subscribers can read more here.

– Amala Balakrishna

9 hours ago

Google is cutting hundreds of jobs at its recruiting firm

Check out the chart…

Alphabet shares 1 day

– Jennifer Elias, Sarah Min

15 hours ago

Gold hit a multi-week low

Gold prices fell to a three-week low on Wednesday.

The metal touched a session low of 1,927.2. This is the lowest since hitting 1,926.2 on August 23.

-Alex Haring, Gina Brancola

9 hours ago

Wall Street weighs in on Apple’s latest iPhone

Analysts mostly found positives in Apple’s Tuesday release event, but a surprise could raise risks of a revenue shortfall on the margin, according to one analyst.

Read more about Wall Street and get the latest stock news here.

– Samantha Subin

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