Today: September 20, 2024
Today: September 20, 2024

Finance

Business|Finance|Technology

Data center operator Switch weighs IPO at about $40 billion valuation, sources say

The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including

Data center operator Switch weighs IPO at about $40 billion valuation, sources say
Business|Economy|Finance

Bank of Canada says trade disruptions could hinder inflation fight

Global trade disruptions could make it harder for the Bank of Canada to consistently meet its 2% inflation target, and it will have to

Bank of Canada says trade disruptions could hinder inflation fight
Business|Finance|Stock Markets

Southwest Airlines shakes up its board under pressure from a big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan

Southwest Airlines shakes up its board under pressure from a big shareholder
Business|Crime|Finance|Technology

UK financial watchdog charges man with running illegal crypto ATMs

Britain's financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration.

UK financial watchdog charges man with running illegal crypto ATMs
Business|Economy|Europe|Finance

Apple tax bonanza hands Ireland political, reputational headache

An EU court order that Apple pay Ireland 13 billion euros ($14.4 billion) in back taxes triggered mixed feelings in Dublin on Tuesday as the

Apple tax bonanza hands Ireland political, reputational headache
Business|Europe|Finance|Technology

Why does Apple have to pay Ireland $14.4 billion?

Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back

Why does Apple have to pay Ireland $14.4 billion?
Business|Economy|Europe|Finance|Technology

China proposes negotiations with EU to resolve EV tariff dispute

China has renewed its offer for talks with the European Commission to address economic and trade frictions to try to ease impending punitive tariffs on China-made electric vehicles.

China proposes negotiations with EU to resolve EV tariff dispute
Business|Economy|Election|Finance|News|Political

US small business sentiment ebbs in August amid rising uncertainty

U.S. small-business confidence fell in August, reversing the prior month's jump amid growing uncertainty ahead of the Nov. 5 presidential election and expectations of weak sales.

US small business sentiment ebbs in August amid rising uncertainty
Finance|News|Stock Markets

Calm returns as TV debate eyed, China angst

A look at the day ahead in U.S. and global markets from Mike Dolan Markets have recovered their poise this week on a potent mix of U.S. 'soft landing' hopes and interest rate cut speculation and now

Calm returns as TV debate eyed, China angst
Business|Election|Finance|News|Stock Markets

Wall Street worries Harris tax plan would hurt US corporate profits

Wall Street is anticipating a hit to corporate earnings and the stock market if Democratic presidential candidate Kamala Harris wins in

Wall Street worries Harris tax plan would hurt US corporate profits
Business|Economy|Finance

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays

The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
Business|Economy|Finance

Bank of America boosts US minimum hourly wage to $24

Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday.

Bank of America boosts US minimum hourly wage to $24
Business|Economy|Finance|Stock Markets

S&P 500 ends slightly higher but banks and energy weigh

Wall Street's benchmark S&P 500 index closed up 0.5% on Tuesday but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks

S&P 500 ends slightly higher but banks and energy weigh
Business|Europe|Finance

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes

The European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes
Economy|Finance

Thai household debt at record high amid sluggish economy, survey shows

Thailand's average household debt has reached a record high due to slow economic growth, lower incomes and high living costs, and

Thai household debt at record high amid sluggish economy, survey shows
Business|Europe|Finance|Technology

Google loses fight against $2.7 billion EU antitrust fine

Alphabet's Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion) fine levied by EU antitrust regulators seven years ago, one of a trio of

Google loses fight against $2.7 billion EU antitrust fine
Business|Europe|Finance|Stock Markets

FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets

London's FTSE 100 ended lower on Tuesday, led by a sell-off in healthcare and energy shares, while cooling wage growth in the UK cemented bets for further

FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets
Economy|Europe|Finance

Banks, energy stocks weigh on European bourses; BMW tumbles

European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key U.S.

Banks, energy stocks weigh on European bourses; BMW tumbles
Business|Europe|Finance|Stock Markets

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes

UK fund managers Schroders and abrdn named new CEOs on Tuesday, appointing insiders to reboot performance at firms running nearly 1.3 trillion pounds ($1.7 trillion)

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes
Asia|Business|Finance|Stock Markets

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

U.S. stocks drifted to a mixed close following several weeks of sharp swings

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
Business|Finance

Global hiring intentions hold steady in Q4, ManpowerGroup survey shows

Companies' global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the

Global hiring intentions hold steady in Q4, ManpowerGroup survey shows
Business|Economy|Finance|Stock Markets

US election is just one risk among many for nervous stock market

Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S.

US election is just one risk among many for nervous stock market
Business|Economy|Europe|Finance|Stock Markets

China gloom overshadows Wall Street-led rebound

A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from

China gloom overshadows Wall Street-led rebound
Economy|Finance|News

US to discuss economic support for Bangladesh interim government

U.S. officials will hold talks with Bangladesh's interim government to see how the United States can support the country's economy and development, the U.S.

US to discuss economic support for Bangladesh interim government
Business|Finance

Nomura sees markets revenue beating goal as brokerage courts hedge funds

Nomura Holdings is eyeing stronger revenue growth in trading, which could increase by as much as 30% over the next three years, as it

Nomura sees markets revenue beating goal as brokerage courts hedge funds

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