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

Finance

Economy|Finance

The price of gold is at a record high. Here's why

The price of gold hit an all time high this week

The price of gold is at a record high. Here's why
Business|Economy|Finance|News

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool
Asia|Business|Economy|Finance

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says

Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
Business|Economy|Finance|News

New data shows worrying signs in the job market. Here's why that matters

The Bureau of Labor Statistics' released their revised job's report and the new data shows US job growth from much of the past year was much weaker than initially estimated. CNN's Rahel Solomon explains why this is a big deal.

New data shows worrying signs in the job market. Here's why that matters
Business|Finance

Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley, Bloomberg News reported on Wednesday.

Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports
Business|Finance

Brookfield in talks with banks for funding Grifols' takeover bid, sources say

Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols, two

Brookfield in talks with banks for funding Grifols' takeover bid, sources say
Business|Crime|Economy|Finance|News

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month
Business|Finance|Stock Markets

General Atlantic exits India's PNB Housing in $127 million deal

U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India's PNB Housing Finance, stock exchange data

General Atlantic exits India's PNB Housing in $127 million deal
Business|Finance|Stock Markets

Will Buffett's 'put' on oil firm Occidental halt share drop?

Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren

Will Buffett's 'put' on oil firm Occidental halt share drop?
Economy|Finance

Bank of England to deliver one more rate cut this year, economists say: Reuters poll

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is

Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Americas|Business|Finance

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets

Investment bank Morgan Stanley issued an "underweight" warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and electoral

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Business|Finance

BlackRock support for ESG shareholder resolutions hits fresh low

BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most

BlackRock support for ESG shareholder resolutions hits fresh low
Election|Finance|News|Political

Harris' main fundraising group raised four times as much as Trump in July

Kamala Harris' main campaign fundraising group raised four times as much money in July as that raised by Donald Trump's campaign, according to federal disclosures

Harris' main fundraising group raised four times as much as Trump in July
Business|Finance|Technology

Chipmaker Analog Devices forecasts strong Q4 results as demand recovers

Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.

Chipmaker Analog Devices forecasts strong Q4 results as demand recovers
Business|Finance|Stock Markets

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll

Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll
Business|Economy|Finance

Tether to launch stablecoin pegged to UAE's dirham

Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps

Tether to launch stablecoin pegged to UAE's dirham
Business|Finance|Stock Markets

TJ Maxx parent raises annual profit forecast after strong second quarter

Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel

TJ Maxx parent raises annual profit forecast after strong second quarter
Asia|Business|Finance|Technology

China's Didi Global swings to profit in second quarter

China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million

China's Didi Global swings to profit in second quarter
Business|Finance|Stock Markets

Target slashed prices. It paid off

Target slashed prices. It paid off

Target slashed prices. It paid off
Business|Economy|Finance

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street
Business|Economy|Finance

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues
Economy|Finance|News

Israeli banks refusing shekel cash deposits from West Bank, Palestinian officials say

Israeli banks are refusing shekel cash transfers from Palestinian banks in the occupied West Bank in a move that could soon prevent Palestinians from accessing

Israeli banks refusing shekel cash deposits from West Bank, Palestinian officials say
Business|Economy|Finance

Macy's forecasts sales hit from steep promotions, uneven demand

Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in

Macy's forecasts sales hit from steep promotions, uneven demand
Business|Finance

Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious

Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials

Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious
Election|Finance

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

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