Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Economy|Finance

US dollar gains for 2nd day after GDP backs smaller Fed cut

The U.S. dollar rose for a second straight session on Thursday after data showed the world's largest economy grew a little faster than expected in the

US dollar gains for 2nd day after GDP backs smaller Fed cut
Asia|Business|Finance

Nippon Steel to make additional investment in US Steel's mills

Japan's biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about $1.3 billion in U.S.

Nippon Steel to make additional investment in US Steel's mills
Business|Economy|Finance

Oil settles up over 1% on worries over supplies from Libya, Iraq

Oil prices settled up by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in Iraq raised fears of tighter global

Oil settles up over 1% on worries over supplies from Libya, Iraq
Business|Finance|Technology

J.D. Power cuts U.S. EV sales forecast to 9% as growth slows

U.S. electric vehicle (EV) sales are expected to reach just 9% of the market this year, consulting firm J.D. Power said in a report on Wednesday, lowering its previous forecast of 12%.

J.D. Power cuts U.S. EV sales forecast to 9% as growth slows
Africa|Business|Economy|Finance

China's lending to Africa rises for first time in seven years, study shows

Chinese lenders approved loans worth $4.61 billion to Africa last year, marking the first annual increase since 2016, an independent study showed on Thursday.

China's lending to Africa rises for first time in seven years, study shows
Economy|Finance|News

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure

Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be "time to move"

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure
Business|Economy|Finance

Qantas profits dip as fares fall, announces further share buy-back

Australia's Qantas Airways announced an additional share buyback on Thursday but no dividend for the fifth year, as the airline reported a 16% annual

Qantas profits dip as fares fall, announces further share buy-back
Business|Finance

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports

Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar with

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports
Business|Finance|Technology

Nvidia's rally takes a break after forecasts fall short of investor expectations

Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the

Nvidia's rally takes a break after forecasts fall short of investor expectations
Asia|Business|Finance|Stock Markets

Nvidia waiting game over, caution descends

A look at the day ahead in Asian markets. Hold on to your hats, or prepare for lift off?

Nvidia waiting game over, caution descends
Business|Finance|News|Technology

Tesla asked Canada for lower tariff on China-made EVs, government source says

Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a

Tesla asked Canada for lower tariff on China-made EVs, government source says
Business|Finance|Travel

Air New Zealand warns of tough year ahead after profit drop, shares fall

Air New Zealand reported a 61% drop in annual profit on Thursday and warned of potential impacts from sticky inflation, intense competition and engine-related maintenance issues in the

Air New Zealand warns of tough year ahead after profit drop, shares fall
Business|Finance|Technology

Nvidia fails to impress growth-hungry investors, shares fall

Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of

Nvidia fails to impress growth-hungry investors, shares fall
Business|Finance|Technology

HP forecasts downbeat profit as weak PC market, competition weigh

HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers market and

HP forecasts downbeat profit as weak PC market, competition weigh
Business|Finance

Chipotle names company veteran Adam Rymer as finance chief

Chipotle Mexican Grill on Wednesday appointed Adam Rymer as its chief financial officer from Oct. 1. Rymer is a 15-year Chipotle veteran, who previously served as vice president of finance.

Chipotle names company veteran Adam Rymer as finance chief
Business|Crime|Economy|Finance

New US rules try to make it harder for criminals to launder money by paying cash for homes

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

New US rules try to make it harder for criminals to launder money by paying cash for homes
Business|Economy|Finance|Technology

Salesforce beats quarterly estimates on cloud demand, says CFO to step down

Salesforce beat Wall Street expectations for second-quarter revenue and profit on Wednesday, benefiting from higher spending on its enterprise cloud products, sending

Salesforce beats quarterly estimates on cloud demand, says CFO to step down
Finance|Technology

OpenAI in talks to raise funding at over $100 billion valuation, WSJ reports

OpenAI, the startup behind the popular ChatGPT, is reportedly in discussions to raise billions of dollars in a new funding round that could see it valued at above $100 billion, the Wall

OpenAI in talks to raise funding at over $100 billion valuation, WSJ reports
Economy|Finance

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
Economy|Europe|Finance

Italy to stick with commitment to cut deficit below EU's 3% ceiling in 2026

Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union's 3% ceiling in 2026 in the Treasury's medium-term structural budget

Italy to stick with commitment to cut deficit below EU's 3% ceiling in 2026
Business|Economy|Finance

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister

Brazil's President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution's next governor,

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister
Economy|Finance|News

Israeli central bank holds key rate, cuts unlikely until 2025

The Bank of Israel kept interest rates unchanged on Wednesday for the fifth-straight meeting, citing geopolitical uncertainty that has raised economic risks,

Israeli central bank holds key rate, cuts unlikely until 2025
Economy|Finance

Israel central bank unlikely to cut rates again in 2024, deputy governor says

The Bank of Israel is unlikely to lower short-term interest rates at its remaining two 2024 policy meetings given rising price pressures and persisting geopolitical risk, deputy

Israel central bank unlikely to cut rates again in 2024, deputy governor says
Business|Economy|Finance

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%
Business|Finance|Stock Markets|Technology

Nvidia beat earnings expectations again. Investors aren’t impressed

Nvidia beat earnings expectations again. Investors aren’t impressed

Nvidia beat earnings expectations again. Investors aren’t impressed

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