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

Finance

Business|Finance

Hedge funds may lose billions from Temu owner PDD's stock crash

Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares

Hedge funds may lose billions from Temu owner PDD's stock crash
Asia|Business|Finance

Stocks end turbulent month higher as US data sets stage for rate cut

Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in

Stocks end turbulent month higher as US data sets stage for rate cut
Business|Economy|Finance

Australian retail sales lose steam as tax cuts fail to excite shoppers

Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next

Australian retail sales lose steam as tax cuts fail to excite shoppers
Business|Economy|Finance

US dollar rises broadly as inflation data underpins smaller Fed cut

The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased,

US dollar rises broadly as inflation data underpins smaller Fed cut
Australia|Business|Finance

Australia's Star Entertainment halts trading to assess impact of regulatory findings

Star Entertainment said on Friday its Australia-listed shares were halted from trading for the casino operator to digest the fallout from a scathing report on its corporate culture and

Australia's Star Entertainment halts trading to assess impact of regulatory findings
Economy|Finance

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Business|Economy|Finance

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

The Chinese central bank's policy arsenal
Business|Finance|Technology

Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin

Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency

Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Economy|Finance

New Zealand consumer confidence lifts in August, survey shows

Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday.

New Zealand consumer confidence lifts in August, survey shows
Asia|Business|Finance

Data deluge closes out rollercoaster month

A look at the day ahead in Asian markets.

Data deluge closes out rollercoaster month
Business|Finance|Technology

US bankruptcy court approves stalking horse bid for SunPower assets

A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria.

US bankruptcy court approves stalking horse bid for SunPower assets
Business|Finance|Technology

Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings

Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker's quarterly results, according

Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings
Business|Finance

Delaware settles dispute with other states over unclaimed MoneyGram funds

Thirty states are set to receive more than $102 million from Delaware after the U.S.

Delaware settles dispute with other states over unclaimed MoneyGram funds
Business|Economy|Finance

Texas narrows gas plant projects vying for $5.4 billion in funding

The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-

Texas narrows gas plant projects vying for $5.4 billion in funding
Business|Finance

Ulta Beauty lowers annual forecasts on slowing demand for beauty products

Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores.

Ulta Beauty lowers annual forecasts on slowing demand for beauty products
Business|Economy|Finance

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant

U.S. liquefied natural gas (LNG) company Venture Global LNG sought authorization on Thursday from U.S. energy regulators by Aug. 30 to unload the first LNG commissioning cargo at the

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant
Business|Finance|Stock Markets

Lululemon cuts annual forecasts on tepid US demand, slower product refresh

Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer

Lululemon cuts annual forecasts on tepid US demand, slower product refresh
Business|Finance

Nasdaq Futures to pay $22 million to settle charges over perk program, CFTC says

Nasdaq has agreed to pay $22 million to settle U.S.

Nasdaq Futures to pay $22 million to settle charges over perk program, CFTC says
Business|Finance|Technology

Brazil judge blocks Starlink accounts in the country amid X spat, source says

Brazilian Supreme Court judge Alexandre de Moraes on Thursday ordered the blocking of the financial accounts of billionaire Elon Musk's Starlink due to the lack of legal

Brazil judge blocks Starlink accounts in the country amid X spat, source says
Business|Finance|News

GM must face big class action over faulty transmissions

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand

GM must face big class action over faulty transmissions
Business|Finance|Technology

Dell attempts to sell cybersecurity firm SecureWorks again, sources say

Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks, after unsuccessful earlier attempts to find a buyer for the U.S.

Dell attempts to sell cybersecurity firm SecureWorks again, sources say
Business|Finance|Technology

Apple, Nvidia in talks to join OpenAI funding round, media reports say

Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising round that could value the ChatGPT maker above $100 billion, according to media reports

Apple, Nvidia in talks to join OpenAI funding round, media reports say
Business|Finance

Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says

Brazilian planemaker Embraer's average delay to deliver aircraft is around one to two months, the firm's chief financial officer said on Thursday, highlighting

Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says
Business|Finance

Brazil airline Azul not weighing Chapter 11, CEO says

Azul is not planning on filing for Chapter 11 bankruptcy protection, the Brazilian airline's CEO told Reuters, contradicting reports which caused the carrier's

Brazil airline Azul not weighing Chapter 11, CEO says
Asia|Economy|Finance

China's central bank buys government bonds, stirs intervention talk

China's central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is

China's central bank buys government bonds, stirs intervention talk

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