Today: September 18, 2024
Today: September 18, 2024

Finance

Business|Economy|Finance

Sam’s Club will raise pay to catch up with Costco

Sam’s Club will raise pay to catch up with Costco

Sam’s Club will raise pay to catch up with Costco
Business|Economy|Europe|Finance

EU chief seeks funding boost to help bloc compete

The European Commission wants to set up a fund to support strategic sectors, a document showed on Tuesday, as the bloc seeks to compete more effectively in new

EU chief seeks funding boost to help bloc compete
Business|Economy|Finance

US business inventories rise slightly above expectations in July

U.S. business inventories increased slightly more than expected in July, suggesting that inventory investment could contribute to economic growth in the third quarter.

US business inventories rise slightly above expectations in July
Business|Finance|Technology

US regulator proposes strengthened rules for banks working with fintechs

A top U.S. banking regulator on Tuesday proposed that banks bolster recordkeeping requirements for accounts held by fintech companies on behalf of their customers, following

US regulator proposes strengthened rules for banks working with fintechs
Business|Finance|Health|Stock Markets

Philip Morris to sell Vectura for $198 million after health shift criticism

Philip Morris International's Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million).

Philip Morris to sell Vectura for $198 million after health shift criticism
Business|Economy|Finance|Stock Markets

Fed to go big on first rate cut, traders bet

Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation

Fed to go big on first rate cut, traders bet
Business|Europe|Finance|Technology

EVs could reach 24% EU car market share by 2025, T&E says

Battery-electric cars (BEVs) sold in the European Union are set to reach a total market share of between 20% and 24% by 2025, mostly because of

EVs could reach 24% EU car market share by 2025, T&E says
Business|Europe|Finance

UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say

UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in order to have the "flexibility" the Italian bank's CEO Andrea

UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
Business|Economy|Finance

US retail sales ticked up last month in sign of ongoing consumer resilience

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate

US retail sales ticked up last month in sign of ongoing consumer resilience
Economy|Finance

Most brokerages expect 25 bps rate cut from Fed on Wednesday

Major brokerages expect the U.S.

Most brokerages expect 25 bps rate cut from Fed on Wednesday
Economy|Finance

India's trade deficit widens in August on spike in gold imports, weak exports

India's merchandise trade deficit in August widened to a ten-month high of $29.65 billion after gold imports surged while exports fell, dragged

India's trade deficit widens in August on spike in gold imports, weak exports
Business|Finance

Ryanair sees better momentum in bookings, lifts struggling airline shares

Ryanair has seen better momentum in bookings since last month and less need to cut prices, CEO Michael O'Leary

Ryanair sees better momentum in bookings, lifts struggling airline shares
Business|Finance

Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says

Stellantis has already taken measures and is working hard to avoid the risk of plant closures facing rival Volkswagen, the carmaker's CEO Carlos Tavares said on Tuesday.

Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says
Business|Economy|Finance|News

Bangladesh says World Bank pledges over $2 billion for reforms

Bangladesh said on Tuesday the World Bank has committed to providing over $2 billion in new financing this fiscal year to support the country's ongoing reform efforts,

Bangladesh says World Bank pledges over $2 billion for reforms
Economy|Finance

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says

Market expectations of substantial U.S. rate cuts this year are making short-dated debt unattractive as the Federal Reserve is unlikely to be as aggressive in easing

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
Business|Finance|Technology

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Business|Celebrity|Entertainment|Finance|Technology

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?

Donald Trump should have the opportunity starting Thursday to sell his shares in Trump Media & Technology Group, the company behind the Truth Social platform

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
Business|Economy|Finance

Global defensive sector funds see surge in inflows on slowdown fears

Global defensive sector funds are in demand from investors as concerns about a slowdown in the U.S. economy forces them to seek assets such as consumer staples and utilities stocks that

Global defensive sector funds see surge in inflows on slowdown fears
Business|Europe|Finance

Big Tech, calls for looser rules await new EU antitrust chief

Teresa Ribera will have to square up to Big Tech, banks and airlines if confirmed as Europe's new antitrust chief, while juggling calls for looser rules to help

Big Tech, calls for looser rules await new EU antitrust chief
Business|Economy|Finance|News|Stock Markets

S&P 500 ends little changed as early gains fade before Fed decision

U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors

S&P 500 ends little changed as early gains fade before Fed decision
Business|Economy|Finance|News

US retailer holiday hiring set to be lower than last year

U.S. retailers will hire fewer seasonal workers this holiday season than last year due to a softer labor market and tighter consumer spending heading into the crucial

US retailer holiday hiring set to be lower than last year
Economy|Finance

Bond investors debate recession risks with Fed easing finally at hand

Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut

Bond investors debate recession risks with Fed easing finally at hand
Europe|Finance

Five questions for France's next finance minister

Once appointed, French Prime Minister Michel Barnier's new finance minister must lose no time coming up with a 2025 budget that could make or break the incoming government.

Five questions for France's next finance minister
Africa|Economy|Finance

Concerns mount over Senegal fiscal shortfalls ahead of election

Senegal's slower economic growth, its widening fiscal deficit and a potential delay in International Monetary Fund financing could cloud the outlook ahead of Nov.

Concerns mount over Senegal fiscal shortfalls ahead of election
Europe|Finance|News

Sweden to boost defence spending by $1.3 billion in 2025

NATO's newest member Sweden plans to raise its defence spending by 13 billion crowns ($1.3 billion) in the state budget for 2025 to a total of 138 billion, Defence Minister Pal

Sweden to boost defence spending by $1.3 billion in 2025

Follow