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

Finance

Business|Finance

Airbnb forecasts lower third-quarter revenue as economic worries slow demand

Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the

Airbnb forecasts lower third-quarter revenue as economic worries slow demand
Business|Finance

New Goldman Sachs index shows financial stress relatively normal

Goldman Sachs on Tuesday said it has introduced a new Financial Stress Index (FSI) that, while tightening over the last two days of market ructions, remains at relatively normal levels by

New Goldman Sachs index shows financial stress relatively normal
Business|Finance|Technology

Google antitrust ruling may pose $20 billion risk for Apple

Apple's lucrative deal with Google could be under threat after a U.S. judge ruled that the Alphabet-owned search giant was operating an illegal monopoly.

Google antitrust ruling may pose $20 billion risk for Apple
Business|Finance

Amgen quarterly profit slips, obesity data on track for late 2024

Amgen on Tuesday said its second-quarter profit slipped 1% as higher expenses, including costs related to development of its experimental obesity drug MariTide, offset a 20

Amgen quarterly profit slips, obesity data on track for late 2024
Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
Business|Finance

Selling from US volatility-linked funds may be drying up after $150 billion dump

Selling pressure by volatility-linked funds that exacerbated losses in U.S. stocks over recent days may be on track to ease, analysts said.

Selling from US volatility-linked funds may be drying up after $150 billion dump
Economy|Finance

PIMCO's Ivascyn says US likely to avoid recession but warns of dire fiscal picture

The U.S. economy is still on track for a soft landing despite signs of further weakening, but the country's deteriorating fiscal profile is prompting U.S. bond

PIMCO's Ivascyn says US likely to avoid recession but warns of dire fiscal picture
Business|Finance|Stock Markets

Schwab says high volumes and technical issue with key vendor triggered Monday's outage

Charles Schwab & Co. said on Tuesday that high trading volumes and a technical issue with a key vendor triggered temporary outages on its trading platform on Monday, a day

Schwab says high volumes and technical issue with key vendor triggered Monday's outage
Business|Finance|Stock Markets

Citigroup whistleblower denied share of $400 million penalty

A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in

Citigroup whistleblower denied share of $400 million penalty
Business|Economy|Finance|Stock Markets

Sleepy utilities sector shines as haven from US stock turbulence

Shares of utilities companies are presenting investors with a rare bright spot in the U.S. stock selloff, as turbulent markets prompt a shift away from the high

Sleepy utilities sector shines as haven from US stock turbulence
Business|Finance

U.S. regulators fine Piper Sandler $16 million for record-keeping failures

Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators to resolve investigations into its record-keeping practices, the investment banking firm said

U.S. regulators fine Piper Sandler $16 million for record-keeping failures
Business|Finance

US corporate bond market issuance set to slow amid market volatility

Some corporate bond issuers are expected to delay sales this week, after market volatility caused investors to trim corporate bond holdings in favor of

US corporate bond market issuance set to slow amid market volatility
Finance|Stock Markets

US market volatility puts 'buffer' ETFs in the spotlight

The spike in stock market volatility may be good news for at least one group of asset managers: those rolling out "buffer" exchange-traded funds (ETFs) that offer

US market volatility puts 'buffer' ETFs in the spotlight
Business|Finance|Technology

Elon Musk's X sues advertisers over alleged 'massive advertiser boycott' after Twitter takeover

Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws

Elon Musk's X sues advertisers over alleged 'massive advertiser boycott' after Twitter takeover
Business|Finance|News

Citigroup wealth executive hired from BofA leaves after months, source says

A Citigroup executive who joined the bank from Bank of America in April is leaving Citi, one source with knowledge of the matter said on Tuesday.

Citigroup wealth executive hired from BofA leaves after months, source says
Business|Finance|Technology

Tech had a rough day. But don’t call it a dot-com meltdown moment yet

Tech had a rough day. But don’t call it a dot-com meltdown moment yet

Tech had a rough day. But don’t call it a dot-com meltdown moment yet
Finance|Stock Markets

Hedge funds buy the dip amid market bloodbath, says Goldman

Global hedge funds hunted for bargains in the stock market on Monday amid a violent sell-off in U.S. equities, in the largest one-day buying spree in five months

Hedge funds buy the dip amid market bloodbath, says Goldman
Business|Finance|Technology

Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says

The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC's private

Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says
Business|Finance|Technology

Fox reports rise in quarterly revenue, beats profit estimates

Fox Corp topped Wall Street expectations for quarterly profit and reported a rise in revenue on Tuesday, helped by steady demand for its Tubi streaming service in the United States,

Fox reports rise in quarterly revenue, beats profit estimates
Economy|Finance|News

US household debt levels edge up in Q2, NY Fed survey shows

Total U.S. household debt levels edged up in the second quarter but overall delinquency rates stabilized, indicating that borrowers are still in decent enough shape to support the economy,

US household debt levels edge up in Q2, NY Fed survey shows
Business|Finance|Technology

Starboard urges Autodesk board to explore CEO change, cost cuts

Activist investor Starboard Value urged Autodesk's board to explore a CEO change and cost cuts on Tuesday, saying the design software maker has missed financial targets and underperformed

Starboard urges Autodesk board to explore CEO change, cost cuts
Business|Finance

WK Kellogg to streamline production as slowing demand pressures sales

WK Kellogg plans to completely shutdown its Omaha, Nebraska, plant by the end of 2026 under a reorganization that will also reduce the cereal maker's headcount by more than 17%, it said on

WK Kellogg to streamline production as slowing demand pressures sales
Business|Economy|Finance|News

Canada's services PMI shows sector contracting further in July

Canada's services economy deteriorated in July as activity and new business declined, while elevated wage costs contributed to increased inflation pressures, S&P

Canada's services PMI shows sector contracting further in July
Business|Economy|Finance

Unwind of massive yen-funded carry has room to go, analysts say

An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on Tuesday.

Unwind of massive yen-funded carry has room to go, analysts say
Business|Economy|Finance

Utility Sempra misses second-quarter profit, revenue estimates

Sempra missed Wall Street estimates for second-quarter profit and revenue on Tuesday, as weakness in its California segment weighed on the electric and gas utility,

Utility Sempra misses second-quarter profit, revenue estimates

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