Exxon Mobil agrees to buy Pioneer for nearly $60 billion in stock.Stock markets rallied again – make that three days in a row – even as global concerns grew over the escalating war between Israel and militant group Hamas . Bonds didn't trade Monday due to the holiday, so Tuesday was the first taste markets had of how yields would react to the latest geopolitical strife – and they fell, helping to give equities a lift. Earnings season is getting under way, as well.
at $46 after the bell Tuesday, setting the stage for the German footwear brand to start trading Wednesday on the New York Stock Exchange. That would give it a valuation short of the $9.2 billion it originally sought. Birkenstock's move comes as IPO market is still in an uncertain spot after shares from recent offerings by grocery shopping appGas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas.
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