Today: September 22, 2024
Today: September 22, 2024

Finance

Africa|Economy|Finance

Kenyan court nullifies 2023 finance law in new blow to President Ruto

Kenya's Court of Appeal on Wednesday declared the government's 2023 finance law unconstitutional, inflicting a new blow to the government of

Kenyan court nullifies 2023 finance law in new blow to President Ruto
Asia|Economy|Finance

Column-Asian FX at crossroads as yen, yuan diverge: McGeever

Japanese and Chinese monetary policy is diverging, meaning other Asian currencies may now also be at a crossroads.    

Column-Asian FX at crossroads as yen, yuan diverge: McGeever
Business|Finance

Ares Management closes its latest direct lending fund at record $34 billion

Ares Management said on Wednesday it has closed its latest direct lending fund with a capital base of $34 billion, making it the largest in the investment manager's history.

Ares Management closes its latest direct lending fund at record $34 billion
Business|Finance|Technology

Garmin raises annual forecast; outdoor unit weakness weighs on shares

Garmin beat quarterly revenue estimates and raised its annual forecast on Wednesday, helped by strength in fitness and auto segments, but mixed results in outdoor and aviation units sent

Garmin raises annual forecast; outdoor unit weakness weighs on shares
Economy|Finance

Paychecks grew more slowly this spring, a sign inflation may keep cooling

Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve

Paychecks grew more slowly this spring, a sign inflation may keep cooling
Business|Economy|Finance

Mastercard allays spending concerns with profit beat

Mastercard beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers' financial health after a

Mastercard allays spending concerns with profit beat
Business|Finance|Stock Markets|Technology

Pinterest plunges as gloomy forecast dampens revenue rebound hopes

Pinterest shares tumbled nearly 10% on Wednesday after a muted third-quarter outlook dashed expectations for a stabilization in its revenues, as heightened

Pinterest plunges as gloomy forecast dampens revenue rebound hopes
Economy|Finance

What taxes can UK finance minister Rachel Reeves raise in her first budget?

British finance minister Rachel Reeves plans to raise taxes when she presents her budget in three months' time, but her options are limited by her promise not to increase

What taxes can UK finance minister Rachel Reeves raise in her first budget?
Business|Economy|Finance

Bunge Global shares slide 8% after quarterly profit miss

Bunge Global missed Wall Street expectations for second-quarter profit on Wednesday, sending its shares down 8% as the world's largest oilseed

Bunge Global shares slide 8% after quarterly profit miss
Business|Economy|Finance

Altria posts lower-than-expected quarterly results on muted cigarette demand

Altria missed expectations for quarterly revenue and profit on Wednesday, as the tobacco giant contends with persistent weakness in demand for its cigarette brands.

Altria posts lower-than-expected quarterly results on muted cigarette demand
Business|Economy|Finance

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports

Delta Air Lines will take a $500 million hit related to the CrowdStrike outage, the carrier's CEO Ed Bastian said in a CNBC interview on Wednesday.

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports
Economy|Finance

India's April-June fiscal deficit at 8.1% of 2024/25 target

India's fiscal deficit for the first quarter of the financial year that started in April was 1.36 trillion rupees ($16.25 billion), or 8.1% of the estimate for the whole year,

India's April-June fiscal deficit at 8.1% of 2024/25 target
Business|Economy|Finance

KKR's second-quarter net income soars by 49% on higher fees

Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, transaction and

KKR's second-quarter net income soars by 49% on higher fees
Business|Finance|Technology

T-Mobile lifts subscriber addition target on demand for premium bundled plans

T-Mobile US raised its full-year forecast for monthly bill-paying phone subscriber additions, after seeing more customers than expected in the second quarter on

T-Mobile lifts subscriber addition target on demand for premium bundled plans
Economy|Finance

Japan spent $36.8 billion in July intervention, official data shows

Japanese authorities spent 5.53 trillion yen ($36.8 billion)intervening in the foreign exchange market this month to pull the yen off 38-year lows, official data

Japan spent $36.8 billion in July intervention, official data shows
Economy|Finance

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting
Business|Finance

PayPal's turnaround plan faces challenges from competition, analysts say

As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over

PayPal's turnaround plan faces challenges from competition, analysts say
Business|Finance|Health

Insurer Humana flags higher medical care use, shares slide

Humana said on Wednesday that demand for medical care was higher than it had anticipated in the second quarter, dampening investor hopes that elevated costs in the Medicare

Insurer Humana flags higher medical care use, shares slide
Business|Finance|Stock Markets|Technology

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals

The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb. 22 and the Dow rose on Wednesday as chip stocks rallied and the Federal Reserve kept

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
Economy|Finance

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Business|Europe|Finance|Stock Markets|Technology

ASML jumps on hopes it will be spared in next round of US-China chip fight

Shares in ASML, the largest maker of equipment used to manufacture computer chips, jumped on Wednesday following a Reuters report that signalled it may be spared

ASML jumps on hopes it will be spared in next round of US-China chip fight
Economy|Finance

DoubleLine sounds alarm on US government debt spiralling higher

Higher debt payments and the possibility of a U.S. recession over the next 10 years could boost U.S. debt levels beyond recent forecasts and weigh on economic

DoubleLine sounds alarm on US government debt spiralling higher
Economy|Finance

Tougher US credit conditions may help pave Fed's rate-cut path

Benign inflation data and a cooling job market aside, U.S. credit conditions featuring tepid loan demand and stiff terms may also be bolstering confidence among Federal

Tougher US credit conditions may help pave Fed's rate-cut path
Business|Economy|Finance

BOJ hikes with Fed ahead, Big Tech flubs

A look at the day ahead in U.S. and global markets from Mike Dolan By any standards of an already busy year, markets are digesting an awful lot of information in a very short space of time - with a

BOJ hikes with Fed ahead, Big Tech flubs
Business|Finance|Technology

DuPont raises full-year forecasts on strong electronics, AI-tech demand

By Seher Dareen -Industrial materials maker DuPont de Nemours raised its full-year forecasts on Wednesday, benefiting from strong demand for its products used in making electronics and semiconductors

DuPont raises full-year forecasts on strong electronics, AI-tech demand

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