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Nasdaq closes higher ahead of heavy week of earnings

US STOCKS-Nasdaq closes higher ahead of heavy week of earnings Nvidia market cap briefly overtakes Apple's Capri plummets after US judge blocks Tapestry merger Updates to market close By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 25 (Reuters) - The Nasdaq ended higher on Friday, driven by megacap shares, as investors awaited quarterly results from some of Wall Street's biggest companies next week.
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Nasdaq gains as megacap stocks outperform

US STOCKS-Nasdaq gains as megacap stocks outperform Nvidia market cap briefly overtakes Apple's Capri plummets after US judge blocks Tapestry merger Indexes: Dow down 0.74%, S&P 500 down 0.14%, Nasdaq up 0.43% Updates to mid-afternoon By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 25 (Reuters) - The Nasdaq rose on Friday, driven by megacap shares, as Treasury yields slipped from the week's high ahead of quarterly results from some of Wall Street's biggest companies next week.
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Biotech firm Septerna jumps in Nasdaq debut

BUZZ-Biotech firm Septerna jumps in Nasdaq debut ** Goldman Sachs-backed biotech firm Septerna's SEPN.O shares rise ~31 % above their initial public offering price in Nasdaq debut ** SEPN last up ~18.2% at $21.28; stock opened for trading at $23.5 vs IPO price of $18 ** The company, in a sign of strong investor demand, priced its upsized IPO above its targeted range of $15 to $17 a share ** With the stock's rise at debut, the firm is now valued at $970 mln ** SEPN raised $288 mln by selling 16 m
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Nasdaq hits record high as Treasury yields ease

US STOCKS-Nasdaq hits record high as Treasury yields ease For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Nvidia market cap briefly overtakes Apple's Capri plummets after US judge blocks Tapestry merger Nasdaq set to rise, Dow and S&P 500 to fall for the week Indexes: Dow down 0.19%, S&P 500 up 0.51%, Nasdaq up 1.22% Updated at 12:10 p.m.
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Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut

UPDATE 2-Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut Adds details on US IPO market in paragraphs 5 and company background in paragraphs 8, 10 Oct 25 (Reuters) - Septerna's SEPN.O shares rose about 31% in their market debut on Friday, giving the Goldman Sachs-backed biotech firm a valuation of $970 million. The company's shares opened at $23.5 in their Nasdaq debut, compared with the IPO price of $18. Septerna upsized its offering twice on Thursday to sell 16 million
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Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut

Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut Oct 25 (Reuters) - Septerna's SEPN.O shares rose about 31% in their market debut on Friday, giving the Goldman Sachs-backed biotech firm a valuation of $970 million . Reporting by Pritam Biswas in Bengaluru; Editing by Vijay Kishore
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with global GDP forecast from Citigroup; U.S., global, euro area, India GDP forecasts from UBS Global Research; Goldman Sachs' India GDP forecast and HSBC's S&P 500 year-end forecast Oct 25 (Reuters) - The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept.
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KKR's Selecta taps advisers to deal with upcoming maturities - Bloomberg News

MEDIA-KKR's Selecta taps advisers to deal with upcoming maturities - Bloomberg News -- Source link: https://tinyurl.com/275e9ssp -- Note: Reuters has not verified this story and does not vouch for its accuracy
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China and HK stocks rise, but stimulus, US election uncertainty temper gains

China and HK stocks rise, but stimulus, US election uncertainty temper gains Update closing prices SHANGHAI, Oct 25 (Reuters) - China stocks rose on Friday, gaining for the second week in a row, though investors were reluctant to place big bets as they awaited details of Beijing's fiscal stimulus and next month's U.S. presidential election. Hong Kong stocks also gained, but registered a third consecutive weekly loss, as the late-September euphoria dissipated.
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Global financiers head to Riyadh investment bash in shadow of war

RPT-Global financiers head to Riyadh investment bash in shadow of war Repeats story that ran on Thursday with no changes to text By Hadeel Al Sayegh and Rachna Uppal DUBAI, Oct 25 (Reuters) - Global financiers are poised to flock to Saudi Arabia's annual flagship investment conference next week as a tightening of the kingdom's purse strings and a deepening of regional conflict cloud the outlook.
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Global financiers head to Riyadh investment bash in shadow of war

RPT-Global financiers head to Riyadh investment bash in shadow of war Repeats story that ran on Thursday with no changes to text By Hadeel Al Sayegh and Rachna Uppal DUBAI, Oct 25 (Reuters) - Global financiers are poised to flock to Saudi Arabia's annual flagship investment conference next week as a tightening of the kingdom's purse strings and a deepening of regional conflict cloud the outlook.
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Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election

UPDATE 7-Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election Updates with settlement prices By Georgina McCartney HOUSTON, Oct 25 (Reuters) - Oil prices s ettled higher on Friday and gained 4% on the week , with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month.
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Hedge funds have cut most Chinese stock purchase since late September, says Goldman

HEDGE FLOW-Hedge funds have cut most Chinese stock purchase since late September, says Goldman By Summer Zhen HONG KONG, Oct 25 (Reuters) - Global hedge funds dumped China and broader emerging markets shares while buying U.S. equities in a sharp rotation in October ahead of the U.S. election, Goldman Sachs said. China, where stock markets .dMICN00000PUS , .CSI300 surged 20% last month boosted by a raft of stimulus policies, has now seen heavy outflows this month, according to Goldman's prime bro
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US recap: EUR/USD trims weekly drop amid dollar setback

BUZZ-COMMENT-US recap: EUR/USD trims weekly drop amid dollar setback Oct 24 (Reuters) - The dollar pared broad weekly gains on Thursday as falling Treasury yields and lower oil weighed on the greenback. In U.S. data, jobless claims unexpectedly fell last week and the flash U.S. Composite PMI for October improved to 54.3 with businesses raising prices at the slowest pace in nearly 4-1/2 years.
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Goldman Sachs raises 2025 aluminum, copper price outlook

Goldman Sachs raises 2025 aluminum, copper price outlook Oct 24 (Reuters) - Goldman Sachs on Thursday raised its 2025 aluminum and copper price forecasts citing higher demand potential in top consumer China following stimulus measures. The investment bank hiked its 2025 average aluminum price outlook to $2,700 per ton from $2,540 per ton, and raised the average for its copper price forecast to $10,160 from $10,100. LME aluminium CMAL3 was trading near $2,634.50 a ton on Thursday, after hitting i
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Platinum Equity's Ingram Micro valued at $6 bln as shares jump 15% in NYSE debut

UPDATE 2-Platinum Equity's Ingram Micro valued at $6 bln as shares jump 15% in NYSE debut Ingram Micro returns to public markets after eight years Stock opens at $25.28 apiece vs IPO price of $22 Ingram distributes IT products such as Apple's iPhone Adds comments from CEO interview in paragraphs 6-7, sector context and background on company in paragraphs 5,8-10 By Arasu Kannagi Basil and Echo Wang Oct 24 (Reuters) - Ingram Micro INGM.N notched a valuation of $6 billion after shares jumped 15% in
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Global financiers head to Riyadh investment bash in shadow of war

Global financiers head to Riyadh investment bash in shadow of war By Hadeel Al Sayegh and Rachna Uppal DUBAI, Oct 24 (Reuters) - Global financiers are poised to flock to Saudi Arabia's annual flagship investment conference next week as a tightening of the kingdom's purse strings and a deepening of regional conflict cloud the outlook. Among those expected to descend on the Future Investment Initiative (FII) in Riyadh are top CEOs, including Goldman Sachs' David Solomon, BlackRock's Larry Fink, Ci
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Reactions to the first expanded BRICS summit

FACTBOX-Reactions to the first expanded BRICS summit Oct 24 (Reuters) - Russia this week hosted the first summit of the newly expanded BRICS club of emerging economies, with leaders agreeing a set of common projects ranging from a grain exchange to a cross-border payments system. Here is a selection of reactions from officials and analysts on the significance of the meeting: ABEBE AEMRO SELASSI, DIRECTOR OF THE AFRICAN DEPT, IMF "If you look at IMF and World Bank, some of the most influential me
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Goldman-backed drug developer Septerna raises $288 mln in US IPO

UPDATE 4-Goldman-backed drug developer Septerna raises $288 mln in US IPO Septerna now offering 16 mln shares vs 15.3 mln shares earlier Sets IPO price at $18 a share Drug developer backed by Goldman, Third Rock Ventures Listing follows a spate of biotech IPOs since September Adds pricing of IPO in paragraphs 1-2, background in paragraph 3 By Arasu Kannagi Basil Oct 24 (Reuters) - Biotech firm Septerna on Thursday said it raised $288 million in its initial public offering that has been upsized t
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Barclays’ investment bank slog gets welcome push

BREAKINGVIEWS-Barclays’ investment bank slog gets welcome push The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Oct 24 (Reuters Breakingviews) - Barclays’ BARC.L investment bank reboot is showing signs of life. On Thursday , the $46 billion UK lender revealed that its debt and advisory businesses are performing well.
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