Finance

The Producer Price Index for final demand increased 1.4% in April on a seasonally adjusted basis, following gains of 0.7% in March and 0.6% in February, according to the latest data from the U.S. Bureau of Labor Statistics. The April increase marked the largest monthly rise since March 2022, when producer prices climbed 1.7%. On ...

Bill Gates-backed geothermal energy developer Fervo Energy has increased the size of its proposed initial public offering, seeking to raise as much as $1.82 billion as investors pour capital into energy infrastructure tied to the AI and data center boom. The Houston-based company said it plans to offer 70 million shares of Class A common ...

Merit Financial Advisors has acquired Pradel Financial Group, a Seattle-based advisory firm with nearly $420 million in assets under management, further extending its national footprint and deepening its presence in the Pacific Northwest.  The transaction, finalized April 24, marks Merit’s 58th acquisition.  Pradel Financial Group, led by veteran advisor Paul Pradel, is known for its comprehensive planning approach, particularly for clients ...

Green Street has launched Green Street Infrastructure, a dedicated infrastructure intelligence platform designed to integrate infrastructure market data, analytics and research into the firm’s broader real assets ecosystem. The platform combines infrastructure transaction and financing data, exclusive reporting from IJGlobal and Green Street’s infrastructure research capabilities to provide investors with a centralized source for infrastructure ...