The composition - and independence - of the Federal Reserve in President Donald Trump 's second term continues to dominate Fed watchers' thinking, with the focus right now centered on Governor Lisa Cook and board nominee Stephen Miran.Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars. Shares traded at nearly 50x estimated 12-month forward earnings on Wednesday, the highest since the dotcom crash, when its forward PE topped 120.The ...

It was also a big day for the IPO market after CLA made its NYC debut today, opening at $52 a share. It closed at uh 45 and change, but still higher than what those shares were originally priced. And other companies getting ready to follow.Tomorrow, we're expecting debuts from stable coin issuer Figure Technologies. And on Friday, we'll get Legends Gemini, Black Rockck, Coffee Bar, and Via Transportation. Joining us now is Brienne Lynch, head of market insight at EquityZen, an online platform where you can ...

It was also a big day for the IPO market after CLA made its NYC debut today, opening at $52 a share. It closed at uh 45 and change, but still higher than what those shares were originally priced. And other companies getting ready to follow.Tomorrow, we're expecting debuts from stable coin issuer Figure Technologies. And on Friday, we'll get Legends Gemini, Black Rockck, Coffee Bar, and Via Transportation. Joining us now is Brienne Lynch, head of market insight at EquityZen, an online platform where you can ...

U.S. equity markets closed a dynamic Wednesday, September 10, 2025, with the S&P 500 and Nasdaq Composite achieving fresh record highs, largely propelled by encouraging inflation data and a blockbuster earnings forecast from tech giant Oracle. The Dow Jones Industrial Average, however, retreated after its own record close the previous day. Investors eagerly absorbed news of an unexpected easing in wholesale inflation, solidifying expectations for an imminent Federal Reserve interest rate cut, while keeping ...

Core Insights - Klarna has successfully gone public on the New York Stock Exchange, with its stock price increasing by 30% on debut, reaching $52 per share, which gives the company a valuation of $15.1 billion and raised $1.37 billion from the IPO [1][4][5] - The IPO marks a significant milestone for Klarna, which was founded in 2005 and had been hinting at going public since 2019, facing delays due to market conditions [2][4] - Klarna's valuation has seen a dramatic decline from its peak of $45.6 billion in 2021 to $6.7 billion in 2022, reflecting the challenges faced by the fintech sector [4][5] Company Overview - Klarna is a Swedish "buy now, pay later" company that has evolved significantly since its founding, with a strong consumer base and market position [5] - The company has made operational changes, including requiring remote employees to return to the office and shifting focus back to customer support roles [6] IPO Details - Klarna's IPO is the first major public offering of the fall season, with expectations of more companies following suit before year-end [3] - The IPO price of $40 per share was a significant markdown from previous valuations, indicating a shift in investor sentiment [4][5] Investor Insights - Sequoia Capital emerged as the largest beneficiary of Klarna's IPO, holding a stake worth approximately $3.5 billion after the listing [9][16] - Other notable shareholders include cofounder Victor Jacobsson, whose stake is valued at $1.38 billion, and CEO Sebastian Siemiatkowski, with a stake worth about $1.17 billion [17][29] - Heartland A/S, owned by billionaire Anders Holch Povlsen, holds a stake valued at $1.36 billion, while Commonwealth Bank of Australia has a stake worth $798 million [21][30] Market Context - Klarna's IPO comes amid a challenging environment for fintech companies, with rising interest rates and regulatory risks impacting investor confidence [5] - The company has faced significant losses, prompting it to set aside more capital to cover potential defaults from customers [5]

This is Bloomberg Businessweek Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies and trends shaping today's complex economy. Plus, global business, finance and tech news as it happens, Bloomberg Businessweek Daily with Carol Massar and Tim Stennett event live on Bloomberg Radio, Television, YouTube and Bloomberg Originals. And a very good afternoon, everyone, live on Bloomberg TV, radio streaming on YouTube and Bloomberg originals.I'm Jess and with ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a global simulcast. And it starts right now.Jess Menton in the radio booth Lisa mateo by her side. Carol Massar and tim Stenovec taking a well unearned day off here on this Wednesday afternoon. Welcome to our audiences across all of our bloomberg platforms.A record setting day potentially here just for the S&P 500, though a somewhat tepid one. That's righ ...

We haven't hired people for 2 years. We've shranked the company from 7,000 to 3,000 7,400 to 3,000 people, which is fantastic. But I would say we probably overindex a little bit on efficiency and now the last 69 months we've taken much more focus on how do we take all the learnings.We've used ourselves as employees as guinea pigs for all these AI software, all these tools. We we took out all the SAS software, the Salesforce and all that. And now what we want to do, we want to bring that to our customers. We ...

TRENDING: See Nvidia's Growing Appetite For Startup Investments Klarna competes in the "buy now, pay later" consumer financing market vs. Affirm Holdings (AFRM), Block's (XYZ) Afterpay, PayPal Holdings (PYPL), Sezzle and many others. PayPal plans to step up BNPL marketing. Many top credit card issuers, such as Chase, now offer their own version of BNPL, creating more competition. While "buy now, pay later" remains its core business, Klarna also offers an instant payment method and has held its banking licen ...

Market Performance - U.S. stock markets had a mixed close on September 10, 2025, with the S&P 500 and Nasdaq Composite reaching new all-time highs before paring gains, while the Dow Jones Industrial Average finished down 0.6% [1][2] - The S&P 500 closed marginally higher, adding to its previous record, while the Nasdaq Composite ended down 0.2% after being up for most of the day [2] Economic Data - The August Producer Price Index (PPI) report showed an unexpected 0.1% month-over-month decline, marking the third monthly decrease in 2025 and a reversal from July's 0.7% gain [3][4] - Year-over-year producer inflation slowed to 2.6% from 3.1% in July, easing concerns about wholesale inflation [3] Federal Reserve Expectations - The cooler-than-expected inflation data increased expectations for Federal Reserve interest rate cuts, with traders pricing in a 90% probability of a 25-basis-point reduction at the upcoming FOMC meeting on September 16-17 [4] Major Stock News - Oracle shares surged more than 30% to 40% after a strong outlook for its cloud infrastructure business, forecasting a 77% increase in cloud infrastructure revenue to $18 billion this fiscal year [5] - Other AI-related chipmakers saw gains, with Nvidia rising 3.6%, Broadcom adding 6.2%, and Advanced Micro Devices gaining 3.1% [5] - Apple shares declined approximately 3.5% following the unveiling of the iPhone 17, as investors were disappointed by perceived incremental updates [6] - Synopsys shares plunged around 35% after missing earnings expectations and lowering its full-year outlook due to decreased demand [7] - Chewy's shares dropped by 15-18% despite better-than-expected second-quarter results, as market expectations were for stronger performance [7] - Klarna made its debut on the NYSE with initial gains, while JPMorgan Chase & Co. climbed 1.7% on strong revenue forecasts [8] After-Hours Earnings - Chewy reported fiscal second-quarter results that led to a significant stock price decline despite meeting or slightly exceeding analyst estimates [10]