Databricks seeks new funding at valuation above $130 bln - The Information

Wealthfront, a fintech firm, has successfully raised $485 million through its initial public offering (IPO) in the United States, as reported by The Information. This significant capital influx marks a notable milestone for the company as it seeks to expand its market presence and enhance its service offerings.

The S&P 500 index achieved its first record high close since October, reflecting a significant recovery in investor confidence. This milestone was reached despite recent fluctuations in the market, including a slight decline prior to this peak as investors awaited the Federal Reserve's interest rate decision.

US wholesale inventories experienced a significant rebound in September, indicating a recovery in stock levels after previous declines. This uptick suggests improved supply chain conditions and may reflect increased consumer demand as businesses prepare for the upcoming holiday season.

Natural gas storage levels have experienced a greater-than-expected decline, indicating a potential bullish trend for prices in the market. This development suggests a tightening supply, which could influence future pricing dynamics positively.

Wholesale inventories have surged, surpassing forecasts and previous figures, indicating a robust increase in stock levels that reflects positive market conditions. This growth suggests that businesses are preparing for increased demand, which is a promising sign for the economy.

The US trade deficit in September reached its lowest level in over five years, driven by a significant increase in goods exports. This narrowing of the trade gap reflects a robust demand for American products in international markets, signaling a positive shift in the trade balance.

The U.S. weekly initial jobless claims have risen to 236,000, indicating a slight increase in unemployment filings. This uptick follows a period of declining claims, suggesting fluctuations in the labor market as economic conditions evolve.

The US trade balance has shown an unexpected improvement, with the trade deficit narrowing significantly, defying forecasts and indicating a positive shift in the economic landscape. This development is attributed to a notable increase in exports, reflecting stronger demand for American goods abroad.