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

Finance

Business|Economy|Finance

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll

Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts,

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll
Business|Finance|Stock Markets

Nippon Steel says no update from CFIUS over US Steel deal

Nippon Steel Corp has not received any update from the Committee on Foreign Investment in the United States (CFIUS) regarding the company's proposed $14.9 billion acquisition of U.S.

Nippon Steel says no update from CFIUS over US Steel deal
Asia|Economy|Finance

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday.

Japan inflation-adjusted wages rise for two straight months in July
Business|Finance|Technology

Robinhood in $3.9 million settlement with California over crypto withdrawals

A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from

Robinhood in $3.9 million settlement with California over crypto withdrawals
Asia|Business|Economy|Finance

Jittery markets now 50-50 on 50 bps cut from Fed

A look at the day ahead in Asian markets.

Jittery markets now 50-50 on 50 bps cut from Fed
Business|Finance|Technology

Hewlett Packard Enterprise raises annual profit forecast on AI strength

Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI

Hewlett Packard Enterprise raises annual profit forecast on AI strength
Business|Economy|Finance

Kroger CEO pins price increases on rising costs at trial

Kroger CEO Rodney McMullen attributed rising grocery prices to increasing costs for retailers as he defended the grocery chain's proposed $

Kroger CEO pins price increases on rising costs at trial
Business|Economy|Finance|Health

Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss

Steward Health Care, the largest private hospital operator in the U.S., received a bankruptcy judge's approval on Wednesday to sell six Massachusetts hospitals,

Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss
Americas|Economy|Finance

Brazil's Senate to vote on Galipolo's nomination as cenbank chief on Oct 8

Brazil's Senate will vote on the nomination of current central bank's director Gabriel Galipolo as the new chief of the monetary authority on October 8, chief of the upper house

Brazil's Senate to vote on Galipolo's nomination as cenbank chief on Oct 8
Economy|Finance

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024

Brazil's government expects public debt linked to interest and foreign exchange rates to surpass half of the total debt this year, a level last seen in October

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024
Business|Finance|Technology

ASML CEO says US desire to restrict exports to China 'economically motivated'

The chief executive of Dutch computer chip equipment supplier ASML said on Wednesday a U.S.-led campaign to restrict the company's exports to customers in China in the name

ASML CEO says US desire to restrict exports to China 'economically motivated'
Election|Finance|News

Trump campaign says it raised $130 million in August

Republican U.S. presidential candidate Donald Trump's campaign and his party raised $130 million in August, ending that month with $295 million cash on hand,

Trump campaign says it raised $130 million in August
Business|Finance|News|Political

Biden preparing to block Nippon's US Steel takeover, source says

U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, a source said on Wednesday.

Biden preparing to block Nippon's US Steel takeover, source says
Economy|Education|Finance

Philly schools are in disrepair − the municipal bond market is 1 big reason

The district spends only 43 cents of every dollar loaned to it.

Philly schools are in disrepair − the municipal bond market is 1 big reason
Business|Economy|Finance|News|World

White House signaling it will likely stop Nippon Steel's plans to buy US Steel

The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending

White House signaling it will likely stop Nippon Steel's plans to buy US Steel
Business|Economy|Finance

US firms see weaker employment growth as economy slows, Fed survey shows

U.S. economic activity expanded more slowly from the middle of July through late August and businesses pulled back on hiring, signals that underscore why the Federal

US firms see weaker employment growth as economy slows, Fed survey shows
Business|Finance

Faster US settlement hit harder than expected, Citi survey says

A shift to shorter settlement for U.S. securities transactions earlier this year had a greater-than-anticipated impact on market participants across the board,

Faster US settlement hit harder than expected, Citi survey says
Business|Economy|Finance

Dollar stores are struggling. Blame Walmart

Dollar stores are struggling. Blame Walmart

Dollar stores are struggling. Blame Walmart
Business|Finance|Stock Markets

Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a

Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal
Business|Finance

Trafigura extends notice period in traders contracts to 6-month minimum, sources say

Commodities trading company Trafigura has extended the notice period for traders leaving the firm to a minimum of six months or up to one year, three

Trafigura extends notice period in traders contracts to 6-month minimum, sources say
Business|Finance

US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says

U.S. oil and gas producers' appetite for dealmaking is closing in on last year's record, with rising interest in smaller oilfields offsetting slower activity in the top oil-

US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says
Business|Economy|Finance

CEOs of Albertsons and Kroger says shoppers would see lower prices after merger

The chief executive officers of Kroger and Albertsons have insisted that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart and Amazon

CEOs of Albertsons and Kroger says shoppers would see lower prices after merger
Business|Finance

Philadelphia Fed says it is looking for Harker successor

The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer.

Philadelphia Fed says it is looking for Harker successor
Finance

Reports of dollar's demise are greatly exaggerated, JPMorgan says

Suggestions that the dollar's dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of

Reports of dollar's demise are greatly exaggerated, JPMorgan says
Economy|Finance|News

IMF says South Africa needs ambitious fiscal consolidation

The International Monetary Fund said on Wednesday that South Africa needed to pursue ambitious fiscal consolidation to restore the sustainability of its

IMF says South Africa needs ambitious fiscal consolidation

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