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

Finance

Business|Finance|Technology

Self-driving truck company TuSimple settles fraud lawsuit for $189 million

TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record

Self-driving truck company TuSimple settles fraud lawsuit for $189 million
Economy|Finance

Chicago and NY Fed directors favored discount rate cut in July

By Michael S.

Chicago and NY Fed directors favored discount rate cut in July
Americas|Business|Economy|Finance

U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and conducted by professors at California Lutheran University and UCLA

U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds
Finance|Stock Markets

Nvidia results could spur record $300 billion swing in shares, options show

Traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in the shares of the world's

Nvidia results could spur record $300 billion swing in shares, options show
Business|Finance|Stock Markets

Vale shares rise as markets welcome CEO appointment

Shares of Vale rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner's next CEO, starting next year.

Vale shares rise as markets welcome CEO appointment
Americas|Business|Finance|Stock Markets

BBVA's Colombian unit issues ordinary shares worth $217.9 million

The Colombian unit of bank BBVA has issued ordinary shares worth 877 billion pesos ($218 million), the Colombian stock exchange said in a statement on Tuesday.

BBVA's Colombian unit issues ordinary shares worth $217.9 million
Asia|Business|Finance

China Evergrande's EV arm warns of bigger first-half loss on impairment provisions

The electric vehicle unit of embattled real estate developer China Evergrande said on Tuesday it expected to report a bigger loss for the first half of 2024, reflecting an increase in

China Evergrande's EV arm warns of bigger first-half loss on impairment provisions
Business|Economy|Finance|News

Nordea Bank reaches $35 million settlement with New York tied to Panama Papers

Nordea Bank agreed to pay a $35 million civil fine to settle charges by a top New York regulator that the Finland-listed bank failed to properly police money

Nordea Bank reaches $35 million settlement with New York tied to Panama Papers
Business|Economy|Finance|News

Unemployment rate is now Fed's undisputed lodestar: McGeever

Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both

Unemployment rate is now Fed's undisputed lodestar: McGeever
Business|Finance|Technology

Hindenburg takes aim at AI server maker Super Micro with short position

Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged "accounting manipulation" at the AI server maker, the latest by the short seller whose reports

Hindenburg takes aim at AI server maker Super Micro with short position
Business|Economy|Finance

Mexico central bank has growing inflation challenge: extortion

Beyond the common challenges like currency fluctuations and supply shocks that keep the world's central bankers up at night,

Mexico central bank has growing inflation challenge: extortion
Business|Finance

Philip Morris to invest $232 million to expand ZYN production at Kentucky plant

Philip Morris International said on Tuesday it would invest $232 million to expand production capacity for ZYN nicotine pouches at its Ownesboro, Kentucky plant, to meet the strong demand.

Philip Morris to invest $232 million to expand ZYN production at Kentucky plant
Business|Finance|Technology

Nasdaq seeks SEC approval for bitcoin index options

Nasdaq is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday. The U.S.

Nasdaq seeks SEC approval for bitcoin index options
Economy|Europe|Finance

ECB can gradually cut rates but jury still out on September, Knot says

The European Central Bank can gradually lower interest rates if inflation continues to fall but more data is needed before a September cut can be decided, Dutch policymaker Klaas

ECB can gradually cut rates but jury still out on September, Knot says
Business|Economy|Finance

High rents are forcing small businesses into tough choices like raising prices or changing location

While many costs have come down for small business, rents remain high and in some cases are still rising, forcing many owners into some uncomfortable decisions

High rents are forcing small businesses into tough choices like raising prices or changing location
Finance|Stock Markets

Toronto market edges off record high as oil prices drop

Canada's main stock index ended lower on Tuesday, pulling back from a record high, as a drop in oil prices weighed on the energy sector and investors

Toronto market edges off record high as oil prices drop
Business|Economy|Finance|News

Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief

Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country's central bank chief told Reuters on Tuesday, as

Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief
Business|Finance

Bank of Montreal warns of credit pressures after profit miss, shares fall

Bank of Montreal on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian

Bank of Montreal warns of credit pressures after profit miss, shares fall
Business|Finance|Technology

Australia's Aware Super buys stake in European fibre platform to tap AI boom

Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the

Australia's Aware Super buys stake in European fibre platform to tap AI boom
Business|Finance|Technology

China's JD.com announces $5 billion share buyback plan

JD.com said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36

China's JD.com announces $5 billion share buyback plan
Economy|Finance|News

UBS Wealth Management raises odds of U.S. recession to 25% from 20%

UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%, citing weakness stemming from softer jobs growth and the July unemployment data which stoked fears of

UBS Wealth Management raises odds of U.S. recession to 25% from 20%
Finance|Stock Markets

Wall Street ends up as investors focus on Nvidia results

The S&P 500 ended higher on Tuesday and the Dow Jones notched a record-high close ahead of a much-anticipated quarterly report from Nvidia on Wednesday and economic data

Wall Street ends up as investors focus on Nvidia results
Business|Economy|Finance

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

Canada's Bank of Nova Scotia reported a fall in third-quarter profit on Tuesday, as the lender set aside more in rainy-day funds, compared with a year earlier, to cover for potential

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions
Economy|Finance|News|Stock Markets

Pre-Nvidia hesitation obscures record high

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are back just shy of new record highs, lapping up the likely start of Federal Reserve easing next month but wary

Pre-Nvidia hesitation obscures record high
Business|Finance

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis

A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commercial

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis

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