Regaal Resources made a stellar debut, listing with a 39% premium after its IPO was oversubscribed 150 times. The company’s strong financial performance, with a 53% revenue increase and doubled profits, fueled investor interest. The maize starch manufacturer’s IPO saw robust demand across all investor categories.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend