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(Bloomberg) -- US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamHousehold net worth increased nearly $4.8 trillion, or 2.9% from the prior quarter, to $168.8 tri

MetLife announced a new strategy called "New Frontier" to boost long-term growth.

A firm affiliated with Chewy's biggest shareholder is selling off $500 million in stock.

The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next year, a bearish view on the market when compared to Goldman Sachs and Morgan Stanley, which see the index end 2025 at 6,500. A correction in stocks could be triggered by the U.S. real gross domestic product slowing to 1.5% in the second half of 2025 and core personal consumption expenditure inflation staying above the Federal Reserve's target, Stifel strategists noted. The S&P 500 has had a strong run this year, rising about 27% so far, boosted by the so-called 'Magnificent 7' stocks rising on the artificial intelligence boom and anticipation of lower interest rates.

The projects are spread across New South Wales, Victoria, South Australia and Queensland.

Shares of ServiceTitan, a Glendale business management software firm, rose 42% in the company's initial public offering Thursday on the Nasdaq.

Warner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.