Business

Anthropic sets IPO price range of $70 to $78, looks to start trading Nov. 19, sources say

CNBC·Nov 10, 2026 · 9:42 AM CT
Read the original at CNBC
Readthrough summary

Anthropic will offer 825 million shares at $70 to $78 each in its IPO, an updated filing shows, and plans to price Nov. 18 and start trading on Nasdaq Nov. 19, people familiar told CNBC. At the top of the range it would raise up to $64.35 billion, and it is targeting an unusually large 20% allocation for retail investors.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at CNBC.

Read the original at CNBC

More Business

The Guardian Business·

US inflation rose 0.4% in October as price increases cooled and gas costs dipped

U.S. consumer prices rose 0.4% from September to October, slightly above expectations but cooler than recent months as gas prices dipped. The government didn't publish a year-over-year figure because October 2025 data was never collected during the shutdown; Oxford Economics estimates it would have been 3.9%.

NPR Business·

Gas prices dip below $4 but inflation remains stubbornly high

The national average for regular gas fell below $4 a gallon Tuesday for the first time in three months, to $3.98, down 38 cents in a month, according to AAA. Housing costs drove about a third of October's 0.4% rise in consumer prices, and groceries also climbed sharply.

NPR Business·

The average cost for a new vehicle in the U.S. hits a record high: over $51,000

The average price paid for a new vehicle hit a record $51,109, about $500 above the previous high set in December 2025, Kelley Blue Book reports. Tariffs and buyers' shift to bigger, pricier vehicles pushed prices up, though the 2.1% yearly rise is below inflation.

Fox Business·

Trump admin pouring $480M loan into Gulf of America oil and gas project

The Energy Department closed a $480 million loan for Arena Energy's Project Elkhorn, which will modernize 22 offshore platforms off Louisiana. At peak, the project is expected to add up to 38,600 barrels of oil and 77 million cubic feet of natural gas a day.