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US stocks open flat ahead of Fed's policy decision
The Economic Times· 2025-09-17 13:34
Company Performance - Workday experienced a significant gain of 6.9% after Elliott Investment Management disclosed a stake of over USD 2 billion and expressed support for its management [1][11] - General Mills reported better-than-expected profits for the latest quarter, but its revenue only matched forecasts, leading to a 1.9% drop in its stock [2][11] - RCI Hospitality Holdings saw a sharp decline of 10.2% following accusations of bribery and tax evasion by New York's attorney general [8][12] Market Overview - The S&P 500 remained virtually unchanged, hovering near its record set earlier in the week, while the Dow Jones Industrial Average rose by 211 points, or 0.5% [1][11] - The upcoming Federal Reserve interest rate decision is anticipated to be a key event, with expectations of a quarter-point cut [5][12] - International markets showed mixed results, with Japan's Nikkei 225 slipping 0.2% due to a 13.8% drop in exports to the US [9][10][12] Investment Activities - Workday announced an increase in its stock buyback program, allowing for up to USD 4 billion in purchases to return cash to investors [1][11] - StubHub is set to debut on the New York Stock Exchange with an initial public offering price of USD 23.50 per share [9][12]
StubHub prices IPO at $23.50, valuing company at $8.6 billion
Youtube· 2025-09-17 11:16
online online ticket platform StubHub. I think they just like scalpers almost, but I've used them. Uh priced its IPO at 2350 per share.That's at the midpoint of the expected range. It's it's all legal and they're not scalpers. They're just a place they allow scalpers to post their tickets.It's like push price to site. I've used and buy tickets. You can go if you want if you want to go if you're willing to pay enough. willing to pay.I have argued in the past that there's certain restaurants where I I've it's ...