Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024

Meta donated $1 million to President-elect Donald Trump's inaugural fund, marking a first for the company. The donation follows a recent dinner between Meta CEO Mark Zuckerberg and Trump, where Zuckerberg showcased Meta's smart glasses. Despite past tensions, the relationship between Trump and Zuckerberg has improved, with Zuckerberg apologizing to Trump and congratulating him on his recent victory. Full Article

Oil prices fell on Thursday as the International Energy Agency revised down its global oil-demand growth estimate for this year. The market is expected to be "comfortably supplied" until 2025, leading to a decrease in oil prices after a three-session streak of gains. Full Article

Shares in Google's parent company Alphabet (NASDAQ:GOOGL) surged 5.5% following the announcement of Gemini 2.0, a new family of AI large language models. This launch signals Google's entrance into the "agentic era" of AI, with promises of improved multitasking, reasoning, and problem-solving capabilities across various services. Market optimism and potential regulatory changes make now a favorable time to consider investing in Google shares. Full Article

In Unlock the Editor’s Digest for free, Roula Khalaf selects her favorite stories, including Dominic Cummings' vindication by Keir Starmer's alignment with Tory predecessors on civil service failures and planning reforms, highlighting areas of consensus between Labour and the Tories. Despite shared goals, the challenge lies in delivering reforms effectively, as seen in the slow progress and lack of confidence in Starmer's ability to take on the political machine and drive change through, potentially leading...

ServiceTitan, founded by Vahe Kuzoyan and Ara Mahdessian, priced its IPO at $71 a share, raising almost $625 million and valuing the company at $6.3 billion. The cloud software provider for contractors is set to debut on the Nasdaq under ticker symbol "TTAN," with top shareholders including Bessemer Venture Partners, TPG, and Iconiq. ServiceTitan's software helps with marketing, sales, scheduling, and customer service, with preliminary results showing a net loss of $47 million on $198.5...

Shares of Oxford Industries dropped in after-hours trading following the company's decision to lower its full-year forecast due to the impact of hurricanes Milton and Helene on its primary market, the Southeast U.S. The maker of popular clothing brands like Tommy Bahama and Lilly Pulitzer cited the severe weather conditions in the region as a key factor affecting its financial outlook. Full Article