Goldman Sachs is set to see its busiest week for initial public offerings since July 2021, its CEO David Solomon said in a CNBC interview on Wednesday. ...

Core Points - Talon Capital Corp. successfully closed its initial public offering (IPO) of 24,900,000 units at a price of $10.00 per unit, raising total gross proceeds of $249,000,000 before expenses on September 10, 2025 [1] - The units began trading on Nasdaq under the ticker symbol "TLNCU" on September 9, 2025, with each unit consisting of one Class A ordinary share and one-third of a redeemable public warrant [2] - Cohen & Company Capital Markets served as the lead book-running manager for the public offering [3] Additional Information - A registration statement for the securities became effective on September 8, 2025 [4] - The press release includes forward-looking statements regarding the anticipated use of net proceeds from the offering [5] - Contact information for Talon Capital Corp. is provided for further inquiries [6]

Core Insights - The U.S. job market has experienced a significant downward revision, with the Bureau of Labor Statistics (BLS) reporting 911,000 fewer jobs added in the year ending March 2025 than previously estimated, marking the largest downward revision on record [1][2] Group 1: Job Market Revisions - The recent revision follows an 818,000 job reduction last year, which was the second-largest revision since 2003, indicating a trend of substantial adjustments in job data [2] - The BLS's nonfarm payrolls are based on employer surveys, which struggle to accurately capture new businesses that emerge or close between reporting periods, leading to potential inaccuracies in job creation estimates [4][6] Group 2: Business Formation Trends - There has been a notable increase in new business applications, averaging over 400,000 per month since the pandemic, compared to about 300,000 per month before 2020, suggesting a shift in entrepreneurial activity [7] - The surge in new business formations is impacting key economic indicators, as highlighted by economists who note that the BLS's birth-death model may not be accurately reflecting the current job market dynamics [8][9] Group 3: Economic Implications - The BLS's benchmark revisions, which reconcile monthly estimates with actual employment records, have become significantly larger due to the rise in new business formations, indicating a disconnect between traditional models and current realities [6][10] - Economists express concerns that the birth-death model may be overly optimistic regarding new business survival rates and job creation, suggesting a need for the BLS to adjust its methodologies to better capture the evolving job landscape [9][10]

Accessibility StatementSkip Navigation BOSTON, Sept. 10, 2025 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, is proud to announce that Chief Operating Officer Olivia Ferris has been named one of "American Banker's Most Powerful Women in Banking: NEXT" honorees for 2025. The annual program recognizes rising women leaders under the age of 40 who are making significant contributions to the financial services industry and shaping its future. Ferris was selected for her lea ...

Core Viewpoint - The bond market indicates that the Federal Reserve may begin its interest-rate cutting cycle as early as next week, prompting investors to consider the duration risk in fixed income investments [1] Group 1 - The bond market is signaling a potential shift in monetary policy with the possibility of interest-rate cuts [1] - Investors are evaluating their strategies regarding duration risk in the context of changing interest rates [1]

Core Viewpoint - The investment chief of Morgan Stanley's wealth unit suggests that it may be time for investors to take profits, particularly in small and mid-cap stocks, unprofitable tech firms, and popular meme stocks as the market rally may be nearing its end [1][3][7] Summary by Category Market Performance - The Russell 2000 index has gained 15% over the past six months, outperforming the S&P 500's 13% gain [2] - Small and mid-cap stocks have participated in the recent market rally, but experts express skepticism about the sustainability of these gains [7] Investment Strategy - Morgan Stanley's Global Investment Committee advises considering selling stocks in specific sectors, including small and mid-cap stocks, unprofitable tech firms, and meme stocks [3] - Lisa Shalett believes that now is an opportune time for investors to take profits before potential market downturns [7] Future Outlook - Shalett anticipates that the market momentum may persist in the short term, but next year could present significant challenges, especially for small-cap companies [4] - Concerns are raised regarding small-cap companies' ability to compete with larger firms in technology investments, particularly in generative AI [5] - Shalett indicates that more substantial interest rate cuts are needed to support small-cap companies, which may not be forthcoming [6]

Core Viewpoint - Jefferies (JEF) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - There is a rising trend in earnings estimate revisions due to growing analyst optimism regarding Jefferies' earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is $0.68 per share, reflecting a -9.3% change from the previous year, but has increased by 10.57% over the last 30 days with no negative revisions [6]. - For the full year, Jefferies is expected to earn $2.35 per share, representing a -23.2% change from the prior year, but the consensus estimate has increased by 5.56% recently with one upward revision [7][8]. Zacks Rank and Performance - Jefferies has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential outperformance compared to the S&P 500 [9]. - Historically, Zacks 1 (Strong Buy) and 2 (Buy) ranked stocks have significantly outperformed the S&P 500, with Zacks 1 stocks generating an average annual return of +25% since 2008 [3][9]. Stock Performance - The stock has gained 5% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10].

PresentationJason GoldbergMD & Senior Equity Analyst Great. Welcome up next. Very pleased to have Morgan Stanley. You could put up the first ARS question as we introduce our speaker, but very pleased to welcome back Dan Simkowitz. I think this is your third consecutive year. But for those that don't know, Dan's co-President of Morgan Stanley, responsible for the Institutional Securities Group, serves on the firm's operating management and risk communities as well as the Morgan Stanley MUFG Steering Committe ...

Core Viewpoint - Moelis has expanded its technology M&A franchise by hiring veteran technology banker Timothy Roepke from Jefferies [1] Company Summary - Moelis continues to grow its technology M&A capabilities through strategic hiring [1] - The recruitment of Timothy Roepke indicates Moelis's commitment to enhancing its expertise in the technology sector [1] Industry Summary - The technology M&A sector remains competitive, with firms like Moelis actively seeking experienced professionals to strengthen their positions [1]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Marshberry, an Ohio-based M&A consultancy active in the insurance and wealth management sectors, is slated to become part of investment bank and advisory Lincoln International. Chicago-based Lincoln has signed an agreement to acquire MarshBerry to bolster its position in the financial services sector, including insurance brokerage, distribution and wealth management. The deal is subject to regula ...