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

Finance

Business|Economy|Finance|Technology

Magnificent Seven set to shed $800 billion in value

Apple and other heavyweight companies sold off on Monday as U.S. recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a

Magnificent Seven set to shed $800 billion in value
Business|Finance|Stock Markets

Resurgent yen brings high-flying Japan Inc back to earth

A resurgent yen helped bring Japanese stocks crashing back to earth on Monday, leaving investors scrambling to gauge the potentially diminished

Resurgent yen brings high-flying Japan Inc back to earth
Business|Finance|Stock Markets

Kellanova shares pop on report of Snickers maker Mars mulling buyout

Shares of Pringles maker Kellanova surged 18% in early trading on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.

Kellanova shares pop on report of Snickers maker Mars mulling buyout
Business|Finance

Quantum Capital to buy Cogentrix for $3 billion in bets on rising US power demand

-Private equity firm Quantum Capital Group will buy U.S. independent power producer Cogentrix Energy for about $3 billion from funds managed by the Carlyle Group, the companies said on Monday.

Quantum Capital to buy Cogentrix for $3 billion in bets on rising US power demand
Business|Finance|Technology

Logitech founder urges company to replace board chair immediately

Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, who

Logitech founder urges company to replace board chair immediately
Business|Finance|Food|Stock Markets

Tyson Foods tops quarterly estimates as animal feed costs decline

Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday as meat sales rebounded and low grain prices reduced feed

Tyson Foods tops quarterly estimates as animal feed costs decline
Economy|Europe|Finance

Swiss franc hits highest vs euro since 2015 amid volatile markets

The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the

Swiss franc hits highest vs euro since 2015 amid volatile markets
Business|Economy|Finance|Stock Markets|World

Stocks reel on 'R-word' return, Nikkei dives 12%

A look at the day ahead in U.S. and global markets from Mike Dolan Whether the prospect of a U.S. recession is real or imagined, the mere return of the discussion has been enough to send world stocks

Stocks reel on 'R-word' return, Nikkei dives 12%
Business|Finance|Stock Markets

JPMorgan CEO contenders cite intense competition during market revival

As JPMorgan Chase investors puzzle over who will eventually replace Jamie Dimon as CEO, two of the contenders say they are more focused on winning

JPMorgan CEO contenders cite intense competition during market revival
Business|Economy|Europe|Finance

Gas shocks play greater role in euro zone inflation, ECB paper says

Natural gas price shocks have an increasingly important impact on euro zone inflation although still not as much as oil price fluctuations, fresh research published by the

Gas shocks play greater role in euro zone inflation, ECB paper says
Americas|Business|Finance

Cemex to divest Dominican operations for $950 million

Mexican cement maker Cemex on Monday announced the sale of its operations in the Dominican Republic to Cementos Progreso and strategic partners for about $950 million.

Cemex to divest Dominican operations for $950 million
Business|Economy|Finance|Stock Markets

Emerging Markets equities slump as US recession fears spark global selloff

Emerging market equities around the world tumbled on Monday, as fears of a recession in the United States sparked a global selloff and sent investors running for

Emerging Markets equities slump as US recession fears spark global selloff
Business|Finance|Technology

AI chip startup Groq valued at $2.8 billion after latest funding round

Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners,

AI chip startup Groq valued at $2.8 billion after latest funding round
Asia|Business|Economy|Finance

Japanese stocks crash in biggest one-day drop since 1987 as global market rout intensifies

Japanese stocks crash in biggest one-day drop since 1987 as global market rout intensifies

Japanese stocks crash in biggest one-day drop since 1987 as global market rout intensifies
Business|Finance|Stock Markets

Carlyle Q2 profit misses, shares drop amid market sell-off

Private equity firm Carlyle Group reported a larger than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as record revenue from

Carlyle Q2 profit misses, shares drop amid market sell-off
Asia|Business|Finance

Honda quarterly operating profit to top $3 billion, Nikkei reports

Japan's Honda Motor will report consolidated first-quarter operating profit of more than 450 billion yen ($3.17 billion), boosted by strong U.S. hybrid vehicle sales, the Nikkei

Honda quarterly operating profit to top $3 billion, Nikkei reports
Economy|Finance|News

Ukraine receives $3.9 billion grant from US, prime minister says

Ukraine has received a $3.9 billion grant from the United States via the World Bank, Ukrainian Prime Minister Denys Shmyhal said on Monday.

Ukraine receives $3.9 billion grant from US, prime minister says
Business|Finance|Stock Markets

Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop

U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week's sell-off amid U.S.

Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop
Finance|Stock Markets

Japan's Nikkei sees biggest rout since 1987 Black Monday

Japanese stocks collapsed on Monday in their biggest single day rout since the 1987 Black Monday sell-offs, driven by last week's plunge in global

Japan's Nikkei sees biggest rout since 1987 Black Monday
Business|Economy|Finance

Japan watching yen moves closely, finance minister says after stocks rout

Japanese Finance Minister Shunichi Suzuki said on Monday authorities were watching exchange-rate moves closely, speaking after the Nikkei

Japan watching yen moves closely, finance minister says after stocks rout
Economy|Finance|Stock Markets

Japan's Nikkei 225 stock index plunges 12.4% as investors dump a wide range of shares

Japan's Nikkei 225 stock index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares

Japan's Nikkei 225 stock index plunges 12.4% as investors dump a wide range of shares
Business|Economy|Finance

India's services growth slows a touch but still solid, PMI shows

Activity in India's dominant services sector remained upbeat in July on robust demand, leading to strong job creation, despite elevated cost pressures

India's services growth slows a touch but still solid, PMI shows
Business|Europe|Finance

Bathed in a sea of red

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

Bathed in a sea of red
Business|Finance

Gold's run to record high may crimp demand: Russell

Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high.

Gold's run to record high may crimp demand: Russell
Business|Economy|Finance

Saudi non-oil activity growth eases in July, PMI shows

Growth in Saudi Arabia's non-oil sector eased in July from the previous month, with new orders increasing at the slowest pace in two and a half years, a survey showed on Monday.

Saudi non-oil activity growth eases in July, PMI shows

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