(Reuters) – Cava Group Inc, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering. The company intends to sell roughly 14.44 million shares priced between $17 and $19 apiece in the offering,…
WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federal Reserve’s fight against inflation. Meanwhile, factory orders rose for a second straight month in April, but aside from a jump in…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools…
PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports. “At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it…
By Angus Berwick (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday accused the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao, of operating an “elaborate scheme to evade U.S. federal securities laws.” The SEC charged Binance and Zhao with 13 offences, including operating an unregistered securities exchange and failing to…
By Tim Reid (Reuters) – Cornel West, a progressive political activist and philosopher, announced on Monday that he is launching a third-party 2024 bid for the U.S. presidency. West said on Twitter that he was running for the White House with the small, leftist People’s Party, “fighting to end poverty, mass incarceration, ending wars and…
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter….
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday agreed to consider whether a California attorney’s federal trademark for the phrase “Trump Too Small” – a cheeky criticism of former President Donald Trump – should have been granted. The justices took up an appeal by the U.S. Trademark Office of a lower court’s…
By Maria Ponnezhath and Clark Mindock (Reuters) – A U.S. judge on Monday granted a delay of a trial in a lawsuit brought by a Florida city against industrial conglomerate 3M Co over water contamination from toxic “forever chemicals,” after the parties said they were close to a settlement. 3M shares were down about 3%…
BRASILIA (Reuters) – Changes to the Brazilian inflation targeting system should not be linked to how monetary policy is carried out, the central bank’s director of economic policy said on Monday, amid speculation of an imminent change in inflation goal timelines. Brazil has annual inflation targets, and if they are not met within a given…
