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

Finance

Business|Economy|Finance

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly

Russia raises main economic forecasts, sees higher year-end inflation
Americas|Business|Economy|Finance|News

Breakneck US job growth was bound to slow down, Biden adviser says

U.S. job growth had been moving at breakneck speed and it was bound to slow down, White House economic adviser Jared Bernstein said on Friday after U.S. employment figures

Breakneck US job growth was bound to slow down, Biden adviser says
Business|Europe|Finance

China, price cuts and costs: the fuel driving Volkswagen's crisis

In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to

China, price cuts and costs: the fuel driving Volkswagen's crisis
Business|Economy|Finance

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor

Traders see Fed starting with 25 bps cut in Sept
Business|Finance|Stock Markets

SEC fines Esmark, chairman over false tender offer for US Steel

The U.S.

SEC fines Esmark, chairman over false tender offer for US Steel
Business|Economy|Finance

Fed's Waller says it's time to lower rates, open to larger cuts

Federal Reserve Governor Christopher Waller on Friday said "the time has come" for the U.S. central bank to begin a series of interest rate cuts this month, adding that he is open-minded

Fed's Waller says it's time to lower rates, open to larger cuts
Economy|Finance|News

Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers

The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022

Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
Business|Finance|Stock Markets

Massachusetts regulators fine Morgan Stanley over First Republic insider sales

Massachusetts securities regulators have fined Morgan Stanley $2 million for failing to properly monitor trades by a First Republic Bank insider before the bank failed, according to a

Massachusetts regulators fine Morgan Stanley over First Republic insider sales
Business|Finance|Technology

Coinbase must face shareholder lawsuit over SEC risks

A federal judge rejected Coinbase's bid to dismiss a proposed class action by shareholders who accused the operator of the largest U.S. cryptocurrency exchange of

Coinbase must face shareholder lawsuit over SEC risks
Business|Economy|Finance

Canada's Ivey PMI shows activity contracting in August

Canadian economic activity contracted for the first time in 13 months in August as employment growth slowed and price pressures heated up, Ivey Purchasing Managers Index data

Canada's Ivey PMI shows activity contracting in August
Asia|Business|Finance

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays

Japanese firms are set to scrutinise overseas deals more intently after U.S. resistance to Nippon Steel's $15 billion U.S.

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays
Business|Economy|Finance

More than 90 company executives, 100 law enforcement officials back Harris

More than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed U.S.

More than 90 company executives, 100 law enforcement officials back Harris
Economy|Finance

US equity funds see major outflows on growth concerns

U.S. equity funds experienced their largest weekly outflow in 12 weeks by Sept. 4, driven by heightened investor anxiety about the economic outlook as they awaited crucial labor market

US equity funds see major outflows on growth concerns
Economy|Finance|Stock Markets

Fed policymakers say they are ready to start cutting interest rates

By Ann Saphir, Lindsay Dunsmuir and Michael S.

Fed policymakers say they are ready to start cutting interest rates
Economy|Finance

Global equity funds see outflows on growth worries; jobs data awaited

Global equity funds experienced their first weekly outflow in four weeks in the week to September 4, as cautious investors pulled back on concerns about global economic growth and ahead of

Global equity funds see outflows on growth worries; jobs data awaited
Business|Finance

RBC's US global asset management head sees growth in emerging markets, alternative assets

Royal Bank of Canada is betting on alternative investments and emerging markets debt and equity to boost its U.S. global asset management business, said new CEO

RBC's US global asset management head sees growth in emerging markets, alternative assets
Business|Finance|Stock Markets|Technology

Broadcom shares slump as revenue target fails to impress investors counting on AI boost

Broadcom's shares closed down 10% on Friday after the chipmaker's tepid revenue forecast spooked investors betting on robust demand for AI chips to drive

Broadcom shares slump as revenue target fails to impress  investors counting on AI boost
Business|Economy|Finance

‘The sky is not falling’: US economy added 142,000 jobs in August

‘The sky is not falling’: US economy added 142,000 jobs in August

‘The sky is not falling’: US economy added 142,000 jobs in August
Business|Finance

7-Eleven rejects multibillion-dollar offer from Circle K owner for huge convenience store merger

7-Eleven rejects multibillion-dollar offer from Circle K owner for huge convenience store merger

7-Eleven rejects multibillion-dollar offer from Circle K owner for huge convenience store merger
Business|Finance|Stock Markets

Buffett's Berkshire offloads Bank of America shares again; total sales near $7 billion

Warren Buffett's Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales since mid-July nearly $7 billion.

Buffett's Berkshire offloads Bank of America shares again; total sales near $7 billion
Election|Finance|News

Kamala Harris’ political operation raises $361 million in August – nearly tripling Donald Trump’s haul

Kamala Harris’ political operation raises $361 million in August – nearly tripling Donald Trump’s haul

Kamala Harris’ political operation raises $361 million in August – nearly tripling Donald Trump’s haul
Economy|Finance

Fitch rates Ukraine's newly restructured international bonds 'CCC'

Ratings agency Fitch gave Ukraine's newly-restructured international bonds a deep-into-junk 'CCC' rating on Thursday, and kept the war-torn country's overall foreign currency score

Fitch rates Ukraine's newly restructured international bonds 'CCC'
Business|Economy|Finance

Wall Street stocks fall, big weekly drop as market waits for Fed to move

U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal

Wall Street stocks fall, big weekly drop as market waits for Fed to move
Finance|Stock Markets

Payrolls, Williams and Waller - a big decider

A look at the day ahead in U.S. and global markets from Mike Dolan Friday looks set to play out like a concentrated version of what markets have been navigating all year - what's the fine

Payrolls, Williams and Waller - a big decider
Business|Finance

Reaction to China creating $230 billion brokerage powerhouse

Shanghai-based Guotai Junan Securities is set to acquire its cross-town rival Haitong Securities via a share swap, creating a state-backed sector leader with $230

Reaction to China creating $230 billion brokerage powerhouse

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