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

Finance

Economy|Finance|Stock Markets|Technology

Tech-led selloff drives record volume in NDX options

The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks.

Tech-led selloff drives record volume in NDX options
Business|Economy|Finance

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing

Ackman cuts new fund's target size, asks investors to commit
Economy|Finance

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley
Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Economy|Finance

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says

The average rate on the popular U.S. 30-year fixed-rate mortgage edged up to 6.78% for the week ending July 25, leaving it about half a percentage point below

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says
Economy|Finance

G20 agree to work on Brazil's 'billionaire tax' idea, implementation seen difficult

The world's 20 biggest economies (G20) agreed on Thursday to work together to ensure the ultra rich are effectively taxed, in a declaration that seeks a

G20 agree to work on Brazil's 'billionaire tax' idea, implementation seen difficult
Business|Economy|Finance

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal

Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal
Business|Finance|Stock Markets

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024

Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year's biggest

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024
Business|Finance

Insurance broker WTW posts higher Q2 profit on robust product demand

Insurance broker WTW posted a 20% rise in its second-quarter profit on Thursday, helped by a strong performance in its risk and brokerage business.

Insurance broker WTW posts higher Q2 profit on robust product demand
Economy|Finance|News|Political

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024' conference

Republican nominee and former U.S. President Donald Trump once blasted cryptocurrency, calling it a "scam."

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024' conference
Economy|Finance|Stock Markets

Investors recoil as this year's 'everything rally' screeches to a halt

Investors are ditching some of this year's favourite trades as a retreat in the glitzy megacaps risks snowballing into a multi-pronged selloff that

Investors recoil as this year's 'everything rally' screeches to a halt
Business|Finance

Paramount, Skydance merger faces court challenge by shareholder

A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery

Paramount, Skydance merger faces court challenge by shareholder
Business|Finance|Technology

Sibanye Stillwater delays releasing results after cyberattack

Sibanye Stillwater will release half-year financial results on Sept. 12, two weeks later than scheduled, after a cyberattack on its IT system caused limited disruption to its global

Sibanye Stillwater delays releasing results after cyberattack
Finance|Stock Markets|Technology

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets

Making leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues.

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets
Business|Economy|Finance

Kroger, Albertsons $25 billion deal halted until Colorado trial in September

The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery

Kroger, Albertsons $25 billion deal halted until Colorado trial in September
Economy|Finance

Top critics challenge Russian central bank, point to China's rate cuts

The Russian central bank's independence is set to be tested as it prepares to hike interest rates on Friday amid growing pressure from opponents - including

Top critics challenge Russian central bank, point to China's rate cuts
Business|Economy|Finance|Stock Markets

Ford shares slide as disappointing Q2 adjusted profit rattles investors

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Business|Economy|Finance

India will not sign global tax deal until its concerns are addressed, official says

India will not sign a global corporate tax deal focused on highly profitable multinational firms unless its concerns on dispute resolution and the

India will not sign global tax deal until its concerns are addressed, official says
Economy|Finance

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger

Zimbabwe's 2024 budget deficit is forecast to be 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday, but warned that concerns remained

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger
Business|Economy|Finance|Stock Markets

Nasdaq profit beats as fintech sales jump, shares soar

Nasdaq's second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate

Nasdaq profit beats as fintech sales jump, shares soar
Economy|Europe|Finance

Russia moves towards letting foreign banks open branches in Russia

Russian lawmakers gave preliminary approval to proposed legislation on Thursday that would allow foreign banks to open branches in Russia, a step the finance ministry said it hoped

Russia moves towards letting foreign banks open branches in Russia
Economy|Finance

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Business|Economy|Finance|Stock Markets

Small stocks are about to take over? Wall Street has heard that before.

After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently

Small stocks are about to take over? Wall Street has heard that before.
Business|Economy|Finance

BofA payments app for businesses handled record $500 billion by mid-year

Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

BofA payments app for businesses handled record $500 billion by mid-year
Business|Economy|Finance

Power company PG&E beats second-quarter profit estimates on higher rates

Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

Power company PG&E beats second-quarter profit estimates on higher rates

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