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Cred’s leadership shift and Meta’s $900 million investment strengthen WhatsApp’s push into payments and business services. Kunal Shah departs Cred to lead WhatsApp; Miten Sampat becomes interim WhatsApp chief strategy officer as Cred scales toward an IPO.
Foreign governments, banks and multinationals are flocking to China's yuan-denominated panda bonds as the currency's funding costs stay near historic lows. Issuance accelerates amid an interest-rate gap with the dollar, with sovereigns, institutions and corporates tapping the market.
Fans across the US report cancelled or nonexistent World Cup tickets bought on StubHub. Lawsuits have been filed alleging false sales practices; authorities are probing ticket deliveries, while FIFA and StubHub point to the event organizer’s infrastructure.
EasyJet has agreed in principle to a 6.90 per‑share offer from Castlelake, valuing the carrier at about £5.5 billion, with the board saying terms are at a value they would be minded to recommend if a formal bid is tabled. Apollo Global Management has emerged as a rival bidder, widening Europe’s airline M&A contest. Regulators remain a hurdle.
SBI Funds Management has drawn bid interest worth 2.97 trillion rupees for its IPO, oversubscribing by 41.6 times. The firm, a SBI-Amundi joint venture, has raised up to 116.9 billion rupees and aims to be India’s leading fund manager. The market response underscores continued liquidity for large public offerings despite a softer year for listings.
The United States has carried out another round of missile strikes targeting Iran’s military capabilities around the Persian Gulf, including missile storage, air-defense systems, radar sites, and drone platforms. The actions come amid ongoing tensions following attacks on shipping in the region.
Trump Media & Technology has unveiled a paid, low-latency data feed — branded Truth API/Truth PSI — that will deliver real-time posts from the platform’s top accounts to banks, high-frequency trading firms and news organisations starting August 1. The company says it has already signed customers; critics and lawmakers have warned the service will let traders profit from presidential posts and raise conflict‑of‑interest concerns.
Jersey Mike’s has filed for an IPO, revealing plans to offer about 43.5 million shares at $21–$25 each. With Blackstone and the Abu Dhabi Investment Authority converting to a controlling stake post-listing, the Jersey Shore sub shop chain could be valued near $8 billion. The offering, led by Morgan Stanley, Jefferies and JPMorgan, comes as the company eyes international expansion while facing a cooling IPO market.