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

Finance

Asia|Business|Finance|News

Growth fears, tech slump bring on September blues

A look at the day ahead in Asian markets.

Growth fears, tech slump bring on September blues
Business|Finance

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management

A hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management
Americas|Business|Economy|Finance|News

Kamala Harris to propose up to $50,000 tax deduction for new small businesses

Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her

Kamala Harris to propose up to $50,000 tax deduction for new small businesses
Business|Finance|News

Six rating agencies to pay over $49 million over recordkeeping failures, SEC says

Six credit rating agencies agreed to pay a total of more than $49 million in civil penalties to settle U.S.

Six rating agencies to pay over $49 million over recordkeeping failures, SEC says
Business|Finance|Stock Markets|Technology

U.S. stocks tumble as September starts, investors cool on chips

Wall

U.S. stocks tumble as September starts, investors cool on chips
Business|Finance

US corporate borrowers rush to bond market post-Labor Day

U.S. corporate borrowers flooded the investment-grade and junk bond market on Tuesday, getting ahead of expected market volatility on this month's rates decision by the

US corporate borrowers rush to bond market post-Labor Day
Business|Economy|Finance|Stock Markets

US gasoline slumps to near 3-year low on end of driving season, oil slump

U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a

US gasoline slumps to near 3-year low on end of driving season, oil slump
Business|Finance|Stock Markets|Technology

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened

Nvidia suffers record $279 billion loss in market value as Wall St drops
Business|Finance

Citi hires Achintya Mangla to head investment banking financing

Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role that will report to the head of banking Viswas Raghavan, according to a memo

Citi hires Achintya Mangla to head investment banking financing
Business|Economy|Finance

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world

Generating financial returns, noble and important as that goal is, is no longer enough, 3 scholars of marketing argue.

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world
Economy|Finance|News

US housing inflation likely to fall in year ahead, Fed paper says

U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank

US housing inflation likely to fall in year ahead, Fed paper says
Business|Economy|Finance

COVID-19 government disaster loans saved businesses, but saddled survivors with debt

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses

COVID-19 government disaster loans saved businesses, but saddled survivors with debt
Business|Finance|Stock Markets

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy
Economy|Finance

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Finance|Stock Markets

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

Berkshire Hathaway has offloaded Bank of America shares worth more than $6 billion following a strong run in the second-largest U.S. lender's stock, with some

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits
Business|Finance

Family-owned Tropical Cheese is exploring a sale, sources say

The family behind Tropical Cheese Industries is exploring a sale of the Hispanic dairy products maker that could value it at over $500 million, according to

Family-owned Tropical Cheese is exploring a sale, sources say
Business|Economy|Finance

Sanctioned former central banker to become Russia's IMF representative

Ksenia Yudaeva, an adviser to Bank of Russia Governor Elvira Nabiullina, will become Russia's new executive director at the International Monetary Fund (IMF), Moscow's current

Sanctioned former central banker to become Russia's IMF representative
Americas|Economy|Finance|News|Stock Markets

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting

A Senate committee hearing to confirm President Luiz Inacio Lula da Silva's pick to head Brazil's central bank will not happen before the monetary authority's next interest rate-

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting
Economy|Finance|News

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war

Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war
Business|Finance

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying

Former Moelis, Barclays activism defense bankers to build business at Jasper Street
Business|Finance

Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stock

Boeing's annual free cash flow target of $10 billion may be delayed by about two years to 2027-28 and it would have to raise $30 billion before developing a new aircraft, Wells Fargo said

Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stock
Business|Finance|Technology

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

AI server maker Super Micro denies short-seller Hindenburg's claims
Business|Crime|Finance|News|World

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?

Riad Salameh, Lebanon's former central bank governor arrested on Tuesday on fraud charges, was feted as a financial wizard before his image was shredded by corruption cases at home

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?
Business|Finance|Technology

US lenders not on insolvency panel of India's Byju's, sources say

U.S.-based Glas Trust is not part of a key panel overseeing the insolvency proceedings of Indian education-technology giant Byju's, and will need to substantiate

US lenders not on insolvency panel of India's Byju's, sources say
Business|Finance

Constellation Brands to record up to $2.5 billion in charges linked to wine business

Constellation Brands will write down the value of its wine and spirits business and take up to a $2.5 billion charge in the current quarter, the Corona beer maker said on Tuesday,

Constellation Brands to record up to $2.5 billion in charges linked to wine business

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