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

Finance

Economy|Finance

Fed's Collins: will soon be appropriate to cut interest rates

It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the

Fed's Collins: will soon be appropriate to cut interest rates
Business|Finance|Technology

Tim Draper leads $2.5 million funding round for crypto startup Ark Labs

Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions and lower costs, has raised $2.5 million in a pre-seed funding round led by

Tim Draper leads $2.5 million funding round for crypto startup Ark Labs
Business|Economy|Finance

Peloton posts small rise in sales as turnaround takes root, shares jump

Peloton Interactive reported its first sales increase in nine quarters and beat estimates, indicating that the fitness equipment maker's years-long turnaround efforts were

Peloton posts small rise in sales as turnaround takes root, shares jump
Business|Entertainment|Finance

Disney names Gorman to chair its succession planning committee

The Walt Disney Co. has tapped James Gorman to lead its succession planning committee as the entertainment company continues to work toward finding someone to take over the helm from Bob Iger

Disney names Gorman to chair its succession planning committee
Business|Finance|Technology

Wall Street's next big test is looming with Nvidia's profit report

Nvidia's upcoming profit report on Wednesday carries big potential repercussions for the market

Wall Street's next big test is looming with Nvidia's profit report
Economy|Finance

Fed's Schmid signals open mind on September rate cut

Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the

Fed's Schmid signals open mind on September rate cut
Asia|Business|Finance|Technology

SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports

Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ($684 million) in electronics maker Sharp Corp, but the feasibility of the deal remains unclear,

SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports
Business|Economy|Europe|Finance

ECB policymakers shift focus to September meeting

European Central Bank policymakers saw no urgency in cutting interest rates last month but hinted at a fresh discussion in September as high rates take a toll on growth, the accounts of

ECB policymakers shift focus to September meeting
Business|Economy|Finance

Toronto market ends lower as rail stoppage threatens economy

Canada's main stock index pulled back from a record high on Thursday as Toronto-Dominion Bank reported its first loss in over two decades and a railroad stoppage

Toronto market ends lower as rail stoppage threatens economy
Business|Finance

Insurer Aegon books $400 million hit from higher US mortality

Dutch insurer Aegon booked a charge of around $400 million in the first half of 2024 to reflect higher death-related insurance claims in its key U.S.

Insurer Aegon books $400 million hit from higher US mortality
Economy|Finance

New US ETFs being launched at record pace in 2024

The number of new exchange-traded funds hitting the U.S. market is on track to set another record in 2024, according to data from Morningstar Direct, with an average of 50

New US ETFs being launched at record pace in 2024
Business|Economy|Finance|News

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market
Business|Europe|Finance|Technology

Revolut's Storonsky takes big step forward in battle with the banks

Revolut founder and CEO Nik Storonsky had a simple message for his employees at the company's summer drinks last year: make the financial

Revolut's Storonsky takes big step forward in battle with the banks
Business|Economy|Finance

Target's grocery discounts prove surprise boost for clothes, beauty sales

Target's price cuts on groceries are finally paying off.

Target's grocery discounts prove surprise boost for clothes, beauty sales
Business|Finance|News

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe

TD Bank on Thursday reported its first loss in over two decades after setting aside an extra $2.6 billion to cover expected fines from U.S.

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe
Economy|Finance

What to look for at Fed's Jackson Hole symposium

Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe's premier economic gathering, the Kansas City Federal

What to look for at Fed's Jackson Hole symposium
Asia|Business|Finance

China's Ping An Insurance posts 6.8% rise in first-half profit

Ping An Insurance (Group) Co of China reported a 6.8% rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments

China's Ping An Insurance posts 6.8% rise in first-half profit
Business|Election|Finance|News

US capital hikes and other Wall Street bank rules now hinge on US election

U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and

US capital hikes and other Wall Street bank rules now hinge on US election
Business|Economy|Finance

BOJ mulls adding wage-related items to Tankan survey, Jiji reports

The Bank of Japan (BOJ) is considering adding wage-related items to its quarterly "tankan" business survey, Jiji news agency reported on Thursday.

BOJ mulls adding wage-related items to Tankan survey, Jiji reports
Business|Economy|Finance|News|Stock Markets

Wall St ends lower as tech shares weigh; Jackson Hole in focus

All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank

Wall St ends lower as tech shares weigh; Jackson Hole in focus
Economy|Europe|Finance

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes

Euro zone negotiated wage growth slowed last quarter, bolstering the case for another interest rate cut in September and assuaging policymakers' fears that runaway labour costs would

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes
Asia|Economy|Finance

Thai central bank should help retail borrowers, caretaker Finance Minister says

Thailand's central bank should assist retail borrowers after it held its benchmark interest rate steady this week, the caretaker finance minister said on Thursday.

Thai central bank should help retail borrowers, caretaker Finance Minister says
Business|Economy|Europe|Finance

Euro zone business activity gets boost from Olympics, PMI shows

Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate

Euro zone business activity gets boost from Olympics, PMI shows
Business|Economy|Europe|Finance

Deutsche Bank settles bulk of Postbank claims, but others hold out

Deutsche Bank has more work to do to overcome its Postbank troubles even after announcing settlements with more than half the plaintiffs who had

Deutsche Bank settles bulk of Postbank claims, but others hold out
Business|Economy|Finance

FTSE 100 ends flat as lower metal prices offset retail gains

The UK's benchmark FTSE 100 ended little changed on Thursday, as lower metal prices weighed on sectoral heavyweights, while investors assessed softer U.S.

FTSE 100 ends flat as lower metal prices offset retail gains

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