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Benchmark for interest rates around the world rises
Instacart surged in its trading debut. The Fed is grappling with rising oil prices. Amazon is hiring for the holidays. Here’s what you need to know today.
Online grocery delivery business Instacart surged in its trading debut, adding momentum to a rebound for initial public offerings. Instacart’s listing, combined with Arm Holdings Plc’s, is giving equity capital markets much-needed relief after the longest drought since the depths of the financial crisis in 2009. The success of a venture-backed consumer startup in its trading debut could pry open the IPO market for other companies looking to go public.