Today: September 20, 2024
Today: September 20, 2024

Finance

Finance|Technology

Brazil's Pix to overtake credit cards in e-commerce as soon as 2025, study shows

Brazil's instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new

Brazil's Pix to overtake credit cards in e-commerce as soon as 2025, study shows
Business|Finance|Technology

Trump Media shares rebound after poll shows tight race for White House

Shares of Trump Media & Technology Group, majority-owned by former U.S.

Trump Media shares rebound after poll shows tight race for White House
Crime|Finance|Technology

Losses from crypto scams grew 45% in 2023, FBI says

Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed

Losses from crypto scams grew 45% in 2023, FBI says
Business|Finance|Technology

Bank of America hires JPMorgan's Tim Carpenter to co-lead software investment banking, source says

Bank of America has hired technology banking veteran Tim Carpenter from peer JPMorgan Chase to co-lead its software investment banking business, a source familiar with the matter said on

Bank of America hires JPMorgan's Tim Carpenter to co-lead software investment banking, source says
Business|Finance|Stock Markets

US SEC approves new audit quality benchmarks over Republican objections

Wall Street's top regulator on Monday gave the nod to new accounting standards set by a watchdog agency, part of an effort to address concerns about the prevalence of poor quality audits.

US SEC approves new audit quality benchmarks over Republican objections
Business|Finance

JPMorgan appoints Garcia-Salas, Redmond for mid-cap investment banking

JPMorgan Chase & Co has hired Humberto Garcia-Salas and Andrew Redmond as managing directors for its Mid-Cap Investment Banking division, as it seeks to further strengthen its investment

JPMorgan appoints Garcia-Salas, Redmond for mid-cap investment banking
Business|Finance

Hedge fund investors seek new allocation to equity strategies, says BNP Paribas

Pension funds, endowments and family offices are planning to make new equity hedge funds allocations through the end of the year, a survey by BNP Paribas showed,

Hedge fund investors seek new allocation to equity strategies, says BNP Paribas
Business|Finance

Citi CFO expects investment banking fees to rise 20% in third quarter

Citigroup's investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told

Citi CFO expects investment banking fees to rise 20% in third quarter
Americas|Economy|Finance

Argentina inflation seen at 31-month low of 3.9% in August

Argentina's monthly inflation rate is expected to have edged down to 3.9% in August, a Reuters poll of economists showed on Monday, the lowest since the start

Argentina inflation seen at 31-month low of 3.9% in August
Americas|Business|Economy|Finance

US inflation may soon undershoot Fed's 2% target: McGeever

After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon

US inflation may soon undershoot Fed's 2% target: McGeever
Business|Finance

US SEC hits 7 public companies with penalties for violating whistleblower protections

Seven public companies agreed to pay a combined $3 million to settle U.S.

US SEC hits 7 public companies with penalties for violating whistleblower protections
Economy|Finance|News

Russian central bank seen keeping benchmark interest rate at 18%: Reuters poll

Russia's central bank is likely to keep its benchmark interest rate unchanged at 18% at its next board meeting on Friday, according to a majority of 27 analysts

Russian central bank seen keeping benchmark interest rate at 18%: Reuters poll
Business|Finance|Stock Markets

Starboard proposes that News Corp eliminates dual-class shares

Hedge fund Starboard Value confirmed on Monday it had filed a shareholder resolution to eliminate the dual-class share structure that allows Rupert Murdoch to control News Corp, the

Starboard proposes that News Corp eliminates dual-class shares
Business|Economy|Finance

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Business|Economy|Finance

US lender KeyCorp sells nearly $7 billion of low-yield investments

U.S. regional lender KeyCorp said on Monday it had sold about $7 billion of low-yielding investments and that the transaction would result in an after-tax loss of about $700 million in the

US lender KeyCorp sells nearly $7 billion of low-yield investments
Business|Economy|Finance

Big Lots files for bankruptcy

Big Lots files for bankruptcy

Big Lots files for bankruptcy
Business|Finance|Stock Markets

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts

Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Business|Finance|News|Technology

Trump has lost $4 billion in Truth Social wipeout

Trump has lost $4 billion in Truth Social wipeout

Trump has lost $4 billion in Truth Social wipeout
Business|Finance|Technology

Google’s search business was deemed a monopoly. Now its ad business is on trial

Google’s search business was deemed a monopoly. Now its ad business is on trial

Google’s search business was deemed a monopoly. Now its ad business is on trial
Business|Finance|Stock Markets

Toronto market snaps losing streak as bargain hunters step in

Canada's main stock index ended higher for the first time in five sessions on Monday, with heavily weighted financials and industrials among the sectors to benefit as

Toronto market snaps losing streak as bargain hunters step in
Business|Economy|Finance

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.

Morgan Stanley cuts Brent crude price view as market signals demand softness
Finance|News|Stock Markets

Post-payrolls foothold, new iPhones and debate

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street futures have found their feet after Friday's exaggerated market reaction to an otherwise middling employment report -

Post-payrolls foothold, new iPhones and debate
Election|Finance|Technology

Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows

Workers at many of the largest U.S. tech companies overwhelmingly back Democratic presidential candidate Kamala Harris, according to donation data, even as

Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows
Business|Finance

Execs of Jimmy Lai's Hong Kong media firm mount legal challenge against BDO

Two Western media executives with long experience in Hong Kong have accused global accounting firm BDO of breaking international rules by

Execs of Jimmy Lai's Hong Kong media firm mount legal challenge against BDO
Business|Economy|Europe|Finance

Draghi urges EU to catch up rivals or face 'slow agony'

The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals

Draghi urges EU to catch up rivals or face 'slow agony'

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