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

Finance

Economy|Finance|News

US labor market stays afloat as unemployment rate falls to 4.2%

U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested the labor market was not falling off the cliff to

US labor market stays afloat as unemployment rate falls to 4.2%
Business|Finance|Technology

BNY to buy Archer to boost managed account services in asset, wealth managers

BNY has agreed to buy Archer, a technology and operations provider that will help the U.S. bank expand its services to asset and wealth managers, the companies said on Thursday.

BNY to buy Archer to boost managed account services in asset, wealth managers
Economy|Finance

Major Russian lenders say yuan coffers empty, urge central bank action

Major Russian banks have called on the central bank to take action to counter a yuan liquidity deficit, which has led to the rouble tumbling to its lowest level

Major Russian lenders say yuan coffers empty, urge central bank action
Business|Economy|Election|Finance

Trump says he will tap Musk to lead government efficiency commission if elected

Republican presidential candidate Donald Trump said on Thursday he would establish a government efficiency commission headed by billionaire

Trump says he will tap Musk to lead government efficiency commission if elected
Business|Economy|Europe|Finance

Global gold ETFs saw fourth month of inflows in August, says WGC

Global physically backed gold exchange traded funds (ETFs) saw the fourth consecutive month of inflows in August due to additions to holdings by North America- and Europe-listed

Global gold ETFs saw fourth month of inflows in August, says WGC
Business|Finance|Technology

PayPal pushes into in-person payments with cashback rewards, Apple integration

PayPal is expanding into U.S. point-of-sale payments by integrating its debit card with Apple's mobile wallet and offering 5% cashback rewards, as the global online payments

PayPal pushes into in-person payments with cashback rewards, Apple integration
Business|Finance|Stock Markets

China's Midea Group to launch at least $3 billion share offering in Hong Kong, sources say

Chinese home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least $3 billion as early as Monday, said

China's Midea Group to launch at least $3 billion share offering in Hong Kong, sources say
Business|Economy|Europe|Finance

Beleaguered Burberry is no longer one of UK’s most valuable public companies

Beleaguered Burberry is no longer one of UK’s most valuable public companies

Beleaguered Burberry is no longer one of UK’s most valuable public companies
Business|Economy|Finance

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll
Economy|Europe|Finance

ECB to cut rates next week and December; shallower reductions in 2025: Reuters poll

By Indradip Ghosh BENGALURU - The European Central Bank will cut its deposit rate by 25 basis points on Sept. 12 and again in December, according to a significant majority of economists in a Reuters

ECB to cut rates next week and December; shallower reductions in 2025: Reuters poll
Business|Finance

Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says

Japanese retail giant Seven & i will inform Canada's Alimentation Couche-Tard that its takeover bid price is "inadequate", a source familiar with

Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says
Business|Finance|Technology

Tesla shares gain on plans to launch Full Self-Driving in Europe, China

Tesla shares rose more than 6% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China

Tesla shares gain on plans to launch Full Self-Driving in Europe, China
Business|Finance

Honeywell names Mike Stepniak new CFO

Honeywell on Thursday named insider Mike Stepniak its new chief financial officer as incumbent Greg Lewis has decided to step down from the role.

Honeywell names Mike Stepniak new CFO
Business|Economy|Finance|Stock Markets

S&P 500, Dow end lower ahead of key jobs data, Nasdaq up

The benchmark S&P 500 index and the Dow ended lower in choppy trading on Thursday after a short-lived boost from a string of economic reports faded and investors

S&P 500, Dow end lower ahead of key jobs data, Nasdaq up
Business|Finance|Technology

C3.ai slumps 15% on weak quarterly subscription revenue

Shares of C3.ai, which makes software for enterprise artificial intelligence, slumped nearly 15% on Thursday, as subscription revenue was squeezed by slow

C3.ai slumps 15% on weak quarterly subscription revenue
Business|Finance|Technology

Verizon is buying Frontier in $20B deal to strengthen its fiber network

Verizon is buying Frontier Communications in a $20 billion deal that helps to strengthen its fiber network

Verizon is buying Frontier in $20B deal to strengthen its fiber network
Finance|News|Stock Markets

Stocks calmed as action switches to rates, jobs

A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks look to have weathered the early September squall for now but interest rate speculation and ebbing bond yields now take

Stocks calmed as action switches to rates, jobs
Business|Finance

Verizon to buy Frontier in $20 billion deal to boost fiber network in U.S

Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the

Verizon to buy Frontier in $20 billion deal to boost fiber network in U.S
Business|Economy|Finance

Piedmont Lithium pulls US government loan application as prices slump

Piedmont Lithium has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two

Piedmont Lithium pulls US government loan application as prices slump
Economy|Finance

Column-Ending the tax on US Social Security income should be part of a broader reform

It is one of those unwelcome surprises that is almost guaranteed to anger people when they retire: income from Social Security benefits is subject to federal taxes - and in

Column-Ending the tax on US Social Security income should be part of a broader reform
Crime|Election|Finance|News

Hunter Biden's US tax trial to begin in Los Angeles federal court

President Joe Biden’s son Hunter Biden is set to stand trial in Los Angeles on Thursday in a criminal case accusing him of failing to pay $1.4 million in taxes while spending

Hunter Biden's US tax trial to begin in Los Angeles federal court
Business|Economy|Finance

UK firms expect selling price pressure to cool but not wages, BoE survey shows

British companies expect to raise selling prices by the smallest amount in nearly three years but wage growth shows no sign of cooling, a survey showed on Thursday in mixed news for Bank of

UK firms expect selling price pressure to cool but not wages, BoE survey shows
Business|Economy|Finance

China property developer Country Garden removes PwC as auditor

Country Garden Holdings said on Thursday that PwC has agreed to resign as its auditor, as the property developer became the latest Chinese company to sever ties with the firm.

China property developer Country Garden removes PwC as auditor
Economy|Finance

South Africa's current account deficit narrows again in second quarter

South Africa's current account deficit narrowed in the second quarter, to 0.9% of gross domestic product (GDP) from 1.5% of GDP in the first quarter, central bank data showed

South Africa's current account deficit narrows again in second quarter
Economy|Election|Finance

JPMorgan ditches call to buy Chinese stocks, citing 'Tariff War 2.0' risk

JPMorgan has ditched its buy recommendation on Chinese stocks, warning of the risk of a second tariff war after November's U.S. election and citing worries about

JPMorgan ditches call to buy Chinese stocks, citing 'Tariff War 2.0' risk

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