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Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg)

5 days 13 hours ago

Bloomberg:
Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation  —  Cohere Inc., an artificial intelligence model maker, is in the process of raising a large funding round at a $20.5 billion valuation …

DWS Americas CEO: Europe Is a Bet on a Physical Economy

5 days 13 hours ago
DWS Americas CEO Hepsen Uzcan discusses whether investors are getting enough clarity from Kevin Warsh and other Fed members about monetary policy. Uzcan says the Fed has paused rate changes, not its fight against inflation. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Beyond the Ticker: Why Companies Are Choosing Nasdaq

5 days 13 hours ago
A listing venue should deliver more than a place for a ticker. It should help a company succeed as a public company through market quality and liquidity, technology, investor intelligence, visibility, advocacy and support throughout its public-company journey.

Beyond the Ticker: Why Companies Are Choosing Nasdaq

5 days 13 hours ago
A generation ago, the choice of where to list was closely tied to where a company’s peers and sector traded. But as U.S. market structure evolved, that relationship fundamentally changed. Today, a company’s shares can trade across multiple venues throughout the day, with orders routed across the market in search of the best available price, regardless of where the stock is listed. That evolution has changed the question companies should ask when choosing a listing venue. It is no longer simply, “Where should our stock trade?” Increasingly, it is, “Who do we want as our partner in the public markets?” The answer matters. A listing venue should deliver more than a place for a ticker. It should help a company succeed as a public company through market quality and liquidity, technology, investor intelligence, visibility, advocacy and support throughout its public-company journey.

Europe’s central bank chief, Christine Lagarde, steps down for ‘freedom of speech’

5 days 13 hours ago

Possible candidate to run World Economic Forum departs ECB nine months early, saying she wants to speak her mind about world affairs

Christine Lagarde, the eurozone’s top central banker, has said she is stepping down nine months early to speak her mind about world affairs and confront the “misrepresentation of the truth”.

Ending months of speculation about her future at the European Central Bank, Lagarde said she would quit her role as president in March rather than October next year because the rules of neutrality that governed her job prevented her from influencing debate about financial and economics affairs.

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Corn Posts Modest Wednesday Bounce as Ethanol Output Improves

5 days 13 hours ago
Corn futures saw steady to 3 cent higher trade across most contracts on Wednesday, as futures got a midweek bounce. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $4.13 1/4. The average close for December corn futures in October has been $4.78, as there are...

Dollar Falls Back After FOMC Results Have a Dovish Tint

5 days 13 hours ago
The dollar index (DXY00 ) traded higher in the morning but fell after the FOMC outcome, ending the day -0.22% lower. The FOMC left its federal funds rate target unchanged at 3.75-4.00% by a vote of 10-2, with two FOMC members (Cook and Hammack) dissenting and favoring a rate hike....