Today: November 21, 2024
Today: November 21, 2024

Finance

Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Finance|Stock Markets|Technology

Kadokawa shares surge after news of Sony acquisition talks

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire

Kadokawa shares surge after news of Sony acquisition talks
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Business|Finance|Stock Markets|Technology

Nokia's US shares rise after T-Mobile says no plans to stop partnership

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report

Nokia's US shares rise after T-Mobile says no plans to stop partnership
Australia|Economy|Finance

Australia statistician overstated child care costs, but no impact on CPI

Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in any changes to

Australia statistician overstated child care costs, but no impact on CPI
Business|Finance|Stock Markets|US

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

A federal judge on Tuesday rejected Pfizer's bid to recoup about $75.2 million left over from a U.S.

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules
Asia|Business|Finance

US-Russia fright fades, Nvidia vigil almost over

A look at the day ahead in Asian markets. 

US-Russia fright fades, Nvidia vigil almost over
Business|Finance|Technology|US

Dell, Iron Bow settle charges they overcharged the Army, DOJ says

Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing

Dell, Iron Bow settle charges they overcharged the Army, DOJ says
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Finance|Sports|US

Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all

A combination of hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at all

Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all
Business|Finance|Political|US|World

US State Dept. OKs potential $100 million sale of military equipment to Ukraine

The U.S. Department of State has approved the potential $100 million sale of military equipment and services to Ukraine, the Pentagon said in a statement on Tuesday.

US State Dept. OKs potential $100 million sale of military equipment to Ukraine
Business|Economy|Finance|US

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders

Wall Street veteran Howard Lutnick, whose domain stretches from brokerages to real estate, has been one of Donald Trump's biggest promoters from the business world in recent

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Finance

Fed's Schmid says it is uncertain how far interest rates can fall

It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is

Fed's Schmid says it is uncertain how far interest rates can fall
Business|Election|Finance|US

Walmart, other US companies raise concerns over proposed Trump tariffs

Corporate executives were taking a wait-and-see approach to President-elect Donald Trump's vow to impose heavy tariffs on imports when he

Walmart, other US companies raise concerns over proposed Trump tariffs
Americas|Business|Finance

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets

Brazilian development bank BNDES signed a deal with Paraguay's government on Monday to provide 600 million reais ($103.9 million) in financing for the export of six Embraer's Super Tucano

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets
Business|Celebrity|Entertainment|Finance|Sports

Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record

Jake Paul and Mike Tyson punched up a record-breaking gate at AT&T Stadium on Saturday with 72,300 fans in attendance leading to $18,117,072 in total revenue, a record for boxing and mixed martial

Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record
Business|Economy|Finance|Lifestyle

Starting a small business is hard. Exiting can be even harder, but planning early is the key

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it’s best to have a plan well in advance of making a big change

Starting a small business is hard. Exiting can be even harder, but planning early is the key
Economy|Environment|Finance

What new taxes could help raise money to fight climate change?

The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming.

What new taxes could help raise money to fight climate change?
Asia|Business|Economy|Europe|Finance|US

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs

Chinese President Xi Jinping told German Chancellor Olaf Scholz

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs
Business|Economy|Finance|Food

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Finance|Celebrity|Lifestyle

TikTok is a swamp of bad financial advice, and experts are fighting back

Money.ca profiles the influencers trying to share real financial advice in a sea of social media clickbait.

TikTok is a swamp of bad financial advice, and experts are fighting back
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Health

Healthcare executives expect more IPOs and corporate dealmaking in 2025

Healthcare executives and investors expect an uptick in initial public offerings and corporate dealmaking in 2025, with geopolitical tensions overtaking

Healthcare executives expect more IPOs and corporate dealmaking in 2025
Business|Economy|Finance|US

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. 

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Business|Economy|Europe|Finance

Italian lawmakers urge government to scale back crypto, web tax plans

Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a

Italian lawmakers urge government to scale back crypto, web tax plans
Business|Economy|Finance

Canada's annual inflation rate rises to 2% in October

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of

Canada's annual inflation rate rises to 2% in October
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Economy|Finance

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Environment|Finance|World

Beyond B-loans? Development banks seek private money for climate change fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change,

Beyond B-loans? Development banks seek private money for climate change fight
Economy|Finance

IMF deal would give Ukraine access to about $1.1 billion, Fund says

International Monetary Fund staff and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that

IMF deal would give Ukraine access to about $1.1 billion, Fund says
Business|Finance|US

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials
Business|Economy|Finance|Technology

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart
Business|Finance|US

Walmart heads into official start of holiday season with strong momentum after robust 3Q results

Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could

Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Business|Finance|Technology

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo
Business|Finance|US

Mantle Ridge nominates new board for Air Products, pushes for new CEO

Mantle Ridge has nominated nine directors to replace the board at Air Products and Chemicals, with the activist investor pushing the industrial gases maker

Mantle Ridge nominates new board for Air Products, pushes for new CEO
Business|Economy|Europe|Finance

Bank of England consults on post-Brexit market infrastructure rules

The Bank of England said on Tuesday it was launching a consultation on proposed, post-Brexit rules for clearing houses, payment system operators and other financial market

Bank of England consults on post-Brexit market infrastructure rules
Business|Economy|Finance|US

Treasuries pop on US Secretary race, Russia warning

A look at the day ahead in U.S. and global markets from Mike Dolan U.S.

Treasuries pop on US Secretary race, Russia warning
Business|Finance|Stock Markets|US

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs

Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand,

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
Business|Economy|Finance

German economy to stagnate as labour market cools, tariffs loom

The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country's central

German economy to stagnate as labour market cools, tariffs loom
Election|Finance|Technology|US

Cryptoverse: 'Elation' as bitcoin basks in Trump glow

Joe McCann was sitting in his Miami condo, eyes glued to screens flashing with bitcoin trades as the American election results rolled in.

Cryptoverse: 'Elation' as bitcoin basks in Trump glow
Americas|Business|Economy|Finance

Bank of Mexico flags more rate cuts due to progress on lowering inflation

The Bank of Mexico will likely be able to continue cutting its benchmark interest rate due to the progress made on bringing inflation down, bank governor

Bank of Mexico flags more rate cuts due to progress on lowering inflation
Business|Finance|US

Morgan Stanley courts employees of near-IPO companies for wealth management

Morgan Stanley is looking to add employees of startup companies as wealth management clients as U.S. investment banks prepare for a revival of initial public

Morgan Stanley courts employees of near-IPO companies for wealth management
Business|Finance|Stock Markets|Technology|US

Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options

Nvidia's options primed for $300-billion price swing after earnings
Asia|Business|Finance|Stock Markets

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says
Business|Europe|Finance|Technology

Aerospace firms urge more European collaboration ahead of Trump return

Aerospace companies urged European governments to bolster the autonomy of their defence and space industries and take a clear position on trade as the

Aerospace firms urge more European collaboration ahead of Trump return
Business|Economy|Finance

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual

The Bank of England's most recently appointed interest rate-setter Alan Taylor said the central bank's gradual approach to cutting borrowing costs was in line with recent market

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual
Europe|Finance

ECB's Panetta calls for lower rates, forward stance, guidance

The European Central Bank should return to a more forward-looking approach in setting monetary policy and provide more guidance on future moves now that post-pandemic shocks are

ECB's Panetta calls for lower rates, forward stance, guidance
Asia|Economy|Finance

Thailand to start second stage of stimulus programme in January

The second phase of Thailand's "digital wallet" handout scheme will be launched in January and distribute 40 billion baht ($1.16

Thailand to start second stage of stimulus programme in January
Asia|Business|Finance|Stock Markets|Technology

China's Xpeng says no impact from US curbs on its Turing AI chip output

Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S.

China's Xpeng says no impact from US curbs on its Turing AI chip output
Business|Economy|Europe|Finance|World

Rheinmetall aims for 20 billion euros in sales in 2027

Rheinmetall aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the

Rheinmetall aims for 20 billion euros in sales in 2027
Economy|Europe|Finance|World

Safe-haven assets rally after Russia updates nuclear doctrine

Safe-haven assets bounced sharply on Tuesday, after a warning from Russia over its updated nuclear doctrine that was aimed at making possible enemies aware of inevitable retaliation

Safe-haven assets rally after Russia updates nuclear doctrine
Business|Finance|Health|Science|US

Bayer acquires rights to Cytokinetics' heart drug in Japan

Bayer on Tuesday struck a collaboration deal with U.S. biotech firm Cytokinetics to acquire certain rights in Japan to an experimental heart drug, as the German group strengthens

Bayer acquires rights to Cytokinetics' heart drug in Japan
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Business|Economy|Finance

China expected to leave benchmark lending rates unchanged on Wednesday

China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan

China expected to leave benchmark lending rates unchanged on Wednesday
Business|Finance

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe
Asia|Finance|Stock Markets

Stock market today: Nvidia helps pull US indexes higher

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Stock market today: Nvidia helps pull US indexes higher
Business|Economy|Finance

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Asia|Business|Economy|Finance

IMF warns Asia retaliatory tariffs could undermine growth

The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat" tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains even

IMF warns Asia retaliatory tariffs could undermine growth
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Australia|Business|Finance|Stock Markets|US

Sayona Mining, Piedmont agree to create $623 million lithium miner

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and

Sayona Mining, Piedmont agree to create $623 million lithium miner
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Business|Economy|Finance

Australia central bank pondered scenarios for rate changes at Nov meeting

Australia's central bank said on Tuesday that there was no immediate need to change interest rates, having left them steady for a year now, but it was important to be ready

Australia central bank pondered scenarios for rate changes at Nov meeting
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Business|Finance|US

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs

Blackstone has agreed to buy Jersey Mike's Subs, the sandwich chain said on Tuesday, in a deal that a source said valued the company at around $8

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Business|Finance|Stock Markets

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows
Asia|Economy|Finance

South Korea pledges 45% increase in World Bank fund contribution

South Korean President Yoon Suk Yeol has pledged a 45% increase in the country's contribution to the World Bank's International Development Association fund to more than $600 million

South Korea pledges 45% increase in World Bank fund contribution
Business|Finance

Tackling estate planning in 7 basic steps

Estate planning is one of those tasks that makes almost any other job look appealing, no matter how lowly

Tackling estate planning in 7 basic steps
Business|Finance|Stock Markets|Technology

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
Business|Economy|Finance

BOJ to bid farewell to stimulus era, justify rate hikes in policy review

The Bank of Japan will release next month its findings on the pros and cons of the various unconventional monetary easing tools used in its 25-year battle with

BOJ to bid farewell to stimulus era, justify rate hikes in policy review
Asia|Finance

Seeking global steer, watching Fed pendulum swings

A look at the day ahead in Asian markets. 

Seeking global steer, watching Fed pendulum swings
Asia|Business|Crime|Finance|Stock Markets|US

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act

The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Finance|Stock Markets|US

ADM's Q3 earnings fall, report delayed after more accounting errors found

Global grain trader Archer-Daniels-Midland reported lower third-quarter profits on Monday due to weakness in its grain business, an announcement delayed by the need to correct

ADM's Q3 earnings fall, report delayed after more accounting errors found
Business|Economy|Finance|US

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
Business|Finance|Technology

Trump's social media group in talks to buy Bakkt, FT reports

Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, citing two people with knowledge of the talks.

Trump's social media group in talks to buy Bakkt, FT reports
Business|Finance|US

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million

A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million
Economy|Europe|Finance

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living

Prime Minister Kyriakos Mitsotakis says Greece is set to make an early repayment of 5 billion euros or $5.3 billion in bailout-era debt in 2025

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
Economy|Finance|US

Trump's treasury pick could give an indication of what he plans to do about tariffs

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration

Trump's treasury pick could give an indication of what he plans to do about tariffs
Business|Economy|Finance|Health|US

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say

Activist investor Ananym Capital Management is urging healthcare products distributor Henry Schein to refresh its board, cut costs, tackle succession

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say
Business|Economy|Finance|US

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job
Finance|Stock Markets|US

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500

Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Economy|Finance|US

US labor market still boosting inflation, San Francisco Fed economists say

A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San

US labor market still boosting inflation, San Francisco Fed economists say
Business|Europe|Finance

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe

Ex-Barclays CEO Jes Staley gave misleading answers to Britain's Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe
Americas|Business|Economy|Finance

Brazil's central bank chief says monetary policy tied to fiscal fears

Brazil's central bank chief, Roberto Campos Neto, said on Monday that monetary policy is being driven to some extent by fiscal policy as risk premiums on long-term

Brazil's central bank chief says monetary policy tied to fiscal fears
Business|Finance|US

Boeing to lay off over 2,500 workers in US as part of sweeping cuts

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings

Boeing to lay off over 2,500 workers in US as part of sweeping cuts
Business|Finance|Stock Markets|US

Ultra low-cost carrier Spirit Airlines files for bankruptcy

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt

Ultra low-cost carrier Spirit Airlines files for bankruptcy
Business|Election|Finance|US

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say

U.S.

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say
Economy|Finance

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%

Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said on Monday.

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%
Environment|Finance|US

Evian maker Danone defeats lawsuit over 'carbon neutral' claim

The maker of Evian spring water, Danone, won the dismissal of a lawsuit challenging its "carbon neutral" claim on bottles, as a U.S. judge reversed his earlier

Evian maker Danone defeats lawsuit over 'carbon neutral' claim
Africa|Economy|Election|Finance

Mauritius' new prime minister announces audit of public finances

The new prime minister of Mauritius has announced an audit of the public finances days after his coalition won a resounding election victory, casting a shadow over the accuracy

Mauritius' new prime minister announces audit of public finances
Business|Economy|Finance|Health|Stock Markets|US

CVS Health bulks its board up to 16 members, adds hedge fund CEO

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

CVS Health bulks its board up to 16 members, adds hedge fund CEO
Americas|Asia|Business|Economy|Finance

Brazil development bank signs deal with AIIB for nearly $3 billion in investments

Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais ($2.89 billion) in

Brazil development bank signs deal with AIIB for nearly $3 billion in investments
Business|Finance|Technology

Goldman Sachs looking to spin out its digital assets tech platform

Goldman Sachs said on Monday it is looking to spin out a blockchain-based technology platform designed to streamline institutional trading and reduce settlement times.

Goldman Sachs looking to spin out its digital assets tech platform
Economy|Finance

Russia's central bank says inflationary pressure remains high

Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank

Russia's central bank says inflationary pressure remains high
Business|Election|Finance|Technology|US

Tesla gains on report Trump's team planning federal self-driving vehicle regulations

Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for

Tesla gains on report Trump's team planning federal self-driving vehicle regulations
Business|Finance|Stock Markets|US

Walmart stock set for best year since 1999 as profits jump

Walmart shares are set for their best yearly gains in over two decades as the retail behemoth's low prices for everyday essentials give it an edge over competitors

Walmart stock set for best year since 1999 as profits jump
Business|Economy|Finance|US

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage

Insurance costs are rising quickly across much of the country. Hurricanes are part of the reason, but it’s the other perils common across the Midwest and Great Plains that complicate costs.

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage
Business|Economy|Finance

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving

Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
Asia|Business|Economy|Finance

Indian govt pushes back on key cenbank proposals fearing hit to credit growth

The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more funds for infrastructure projects and

Indian govt pushes back on key cenbank proposals fearing hit to credit growth
Americas|Economy|Finance

Brazil's government sees inflation within target band, unlike markets

Brazil's finance ministry raised its inflation forecasts for this year but expects inflation to remain within the official target band, in contrast to a more

Brazil's government sees inflation within target band, unlike markets
Asia|Business|Economy|Finance

India's economic growth needs more affordable interest rates, minister says

India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy

India's economic growth needs more affordable interest rates, minister says
Environment|Finance|Science|US|World

COP29: US-UAE climate-friendly farming partnership grows to $29 billion

Funding for a climate-friendly farming effort led by the U.S. and United Arab Emirates has reached $29.2 billion, the countries announced on Monday at the COP29 climate

COP29: US-UAE climate-friendly farming partnership grows to $29 billion
Business|Finance|Technology|US

US opens two new probes into Ford recalls after settlement

The National Highway Traffic Safety Administration said on Monday it has opened two new investigations into Ford recalls, the latest scrutiny by U.S.

US opens two new probes into Ford recalls after settlement
Business|Economy|Europe|Finance|Stock Markets

UK's FTSE 100 closes near one-week high, Melrose shines

UK's FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed

UK's FTSE 100 closes near one-week high, Melrose shines
Business|Economy|Finance|Health|Stock Markets|US

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround

CVS Health added Glenview Capital's top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround
Business|Economy|Europe|Finance|US

ECB's Makhlouf: Premature to make decisions based on new U.S. administration

European Central Bank policymaker Gabriel Makhlouf said it would be premature to start making decisions on what a new U.S. administration might do when asked if Donald Trump's

ECB's Makhlouf: Premature to make decisions based on new U.S. administration
Business|Finance|Stock Markets|US

Bruised Wall Street keeps wary eye on Nvidia

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and

Bruised Wall Street keeps wary eye on Nvidia
Business|Finance|Stock Markets|Technology|US

Nasdaq, S&P close higher as investors await Nvidia earnings

The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the

Nasdaq, S&P close higher as investors await Nvidia earnings
Business|Finance|Stock Markets|Technology

Nvidia's Blackwell revenue in focus as sales growth slows

Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and

Nvidia's Blackwell revenue in focus as sales growth slows
Business|Economy|Finance|US

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy
Americas|Economy|Finance

Venezuela depreciation risks reversing years of inflation gains

Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign

Venezuela depreciation risks reversing years of inflation gains
Finance|US

Sterling finds footing after hitting six-month low on Trump victory

The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump's victory in the U.S.

Sterling finds footing after hitting six-month low on Trump victory
Americas|Finance|Stock Markets

Argentina investors bet on Milei's popularity a year after his election

Investors who have been rewarded for

Argentina investors bet on Milei's popularity a year after his election
Business|Economy|Finance|US

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed

US no-frills pioneer Spirit Airlines files for bankruptcy protection
Economy|Finance

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah
Asia|Economy|Finance

China's January-October fiscal revenue falls 1.3% from a year earlier

China's fiscal revenue in the first 10 months of 2024 fell by 1.3% from a year earlier, narrowing from a 2.2% decline in the January-September period, the finance ministry data

China's January-October fiscal revenue falls 1.3% from a year earlier
Business|Economy|Finance

Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says

Ukraine's gross domestic product grew by 4.2% year-on-year from January to October fueled by expansion in the construction, transport and processing industries, the economy ministry

Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says
Economy|Europe|Finance

European shares stall as real estate stocks weigh

European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European

European shares stall as real estate stocks weigh
Australia|Business|Economy|Finance

RBA finds no evidence monetary policy is more potent in Australia than elsewhere

Australia's central bank has found no evidence that monetary policy is more potent in the country than elsewhere given households have ways to manage interest rate risks, even

RBA finds no evidence monetary policy is more potent in Australia than elsewhere
Business|Economy|Finance|Technology

India cenbank plans 2025 launch of cloud services, countering dominance of global firms

India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices,

India cenbank plans 2025 launch of cloud services, countering dominance of global firms
Economy|Environment|Finance|World

Negotiators are urged to get down to business as climate talks in Baku enter second week

United Nations climate talks resumed Monday with negotiators urged to make progress on a deal that could see developing countries get more money to spend on clean energy and adapting to climate-charged weather extremes

Negotiators are urged to get down to business as climate talks in Baku enter second week
Business|Finance

European oil giants step back from renewables path

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power.

European oil giants step back from renewables path
Australia|Business|Finance|Technology

Australia's competition watchdog begins review of Vocus-TPG $3.4 billion deal

Australia's competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus' A$5.25 billion ($3.39 billion) takeover of local telecom

Australia's competition watchdog begins review of Vocus-TPG $3.4 billion deal
Business|Economy|Europe|Finance|Stock Markets

BOJ open to tightening, mum on timing

A look at the day ahead in European and global markets from Wayne Cole.

BOJ open to tightening, mum on timing
Economy|Europe|Finance|Political

French farmers escalate protests against an EU-Mercosur trade deal and fear unfair competition

French farmers have escalated their protests against the EU-Mercosur trade agreement under negotiation

French farmers escalate protests against an EU-Mercosur trade deal and fear unfair competition
Asia|Business|Election|Finance

Stock market today: Wall Street rises following last week's slide

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

Stock market today: Wall Street rises following last week's slide
Economy|Election|Finance|Stock Markets|US

Headwinds hit Trump-fueled rally in US stocks

A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty

Headwinds hit Trump-fueled rally in US stocks
Asia|Business|Economy|Finance

Country Garden submits offshore debt restructuring plan to creditors, sources say

China's Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month and lowered its cash

Country Garden submits offshore debt restructuring plan to creditors, sources say
Asia|Business|Finance|Stock Markets

Shares rise, dollar falls as traders reassess rate-cut expectations

Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future

Shares rise, dollar falls as traders reassess rate-cut expectations
Business|Economy|Europe|Finance|World

Oil prices rise over 3% on Sverdrup outage, Ukraine war escalation

Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been

Oil prices rise over 3% on Sverdrup outage, Ukraine war escalation
Business|Economy|Election|Finance|Political|US

Trump adds more Treasury secretary candidates, media reports

President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York

Trump adds more Treasury secretary candidates, media reports
Asia|Business|Economy|Finance

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table

Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table
Business|Finance|Stock Markets

Alibaba aims to raise $5 billion in dual currency bond deal, sources say

China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with

Alibaba aims to raise $5 billion in dual currency bond deal, sources say
Business|Economy|Finance|Stock Markets|US

Dollar strengthens against yen on Bank of Japan's hike uncertainty

The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was

Dollar strengthens against yen on Bank of Japan's hike uncertainty
Australia|Business|Economy|Finance

Australia regulator sues NAB for ignoring hardship application deadlines

Australia's corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank, the country's second-largest lender, for failing to respond to hundreds of

Australia regulator sues NAB for ignoring hardship application deadlines
Asia|Business|Finance|Stock Markets

EM conditions tighten, outflows heighten

A look at the day ahead in Asian markets. 

EM conditions tighten, outflows heighten
Asia|Business|Economy|Finance

Philippines launches interest rate swaps market to boost bond liquidity

The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and

Philippines launches interest rate swaps market to boost bond liquidity
Asia|Business|Economy|Finance|World

Pakistan discusses $7 billion bailout reform agenda with IMF in unusual talks

Pakistan discussed its $7 billion bailout reform agenda with the International Monetary Fund during an unscheduled staff visit last week, Finance Minister

Pakistan discusses $7 billion bailout reform agenda with IMF in unusual talks
Business|Economy|Finance|Stock Markets|US

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.

Most Gulf markets fall on Fed rate cut concerns

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