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

Finance

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
Economy|Finance

Fed rate-cut size this month to hinge on job market health

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-

Fed rate-cut size this month to hinge on job market health
Business|Economy|Finance|News

US job openings fall to 3-1/2-year low in July

U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but probably not enough for the Federal Reserve to consider a big interest

US job openings fall to 3-1/2-year low in July
Economy|Finance

Analysts polled by Russian central bank forecast 7.3% year-end inflation

Analysts polled by Russia's central bank expect year-end inflation at 7.3%, the bank said on Wednesday, well above the 4% target and just shy of the 7.4% reading for 2023.

Analysts polled by Russian central bank forecast 7.3% year-end inflation
Economy|Finance

Fed's Bostic warns against keeping restrictive policy stance for too long

The U.S. central bank must not keep interest rates too high much longer or it risks causing too much harm to employment, Atlanta Federal Reserve President Raphael Bostic said on Wednesday.

Fed's Bostic warns against keeping restrictive policy stance for too long
Business|Finance|Stock Markets

Citadel's flagship fund up roughly 1% in August, says source

Citadel's flagship hedge fund Wellington was up roughly 1% in August, a source familiar with the matter said, in a month which started with a brutal sell-off in

Citadel's flagship fund up roughly 1% in August, says source
Economy|Europe|Finance

Romania to waive outstanding debt penalties to help tax compliance

Romania's coalition government approved a series of measures on Wednesday to improve revenue collection and curb a widening budget deficit, including a partial debt amnesty and

Romania to waive outstanding debt penalties to help tax compliance
Business|Economy|Finance

UK investors' stock bets slowed in August, Calastone says

Investors in Britain pared their bets on equities and ploughed cash into safe haven money market funds in August, data from fund

UK investors' stock bets slowed in August, Calastone says
Business|Finance

The Nordstrom family teams up with a Mexican retail group to bid for its namesake retailer

Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout

The Nordstrom family teams up with a Mexican retail group to bid for its namesake retailer
Business|Economy|Finance

Hedge funds held gains in August market rollercoaster

Global hedge funds posted positive returns in August even as the unwind in popular yen carry trades whipsawed markets, according to bank research

Hedge funds held gains in August market rollercoaster
Business|Economy|Finance

Canada swings to July trade surplus as imports and exports fall

Canada posted a lower-than-expected trade surplus of C$684 million ($505 million) in July as imports fell faster than exports, while the June balance was revised to

Canada swings to July trade surplus as imports and exports fall
Africa|Crime|Finance

Binance executive detained in Nigeria to know bail decision next month

Binance's head of financial compliance Tigran Gambaryan, on trial for money laundering in Nigeria, will know on Oct. 9 whether he will be released on bail or remain in prison custody

Binance executive detained in Nigeria to know bail decision next month
Business|Finance|Stock Markets|Technology

Nvidia, chip stocks waver after previous day's sell-off

Nvidia's shares recouped earlier losses to trade higher on Wednesday, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI

Nvidia, chip stocks waver after previous day's sell-off
Business|Finance|Technology

OpenAI co-founder Sutskever's new safety-focused AI startup SSI raises $1 billion

By Kenrick Cai, Krystal Hu, Anna Tong SAN FRANCISCO/NEW YORK -Safe Superintelligence (SSI), newly co-founded by OpenAI's former chief scientist Ilya Sutskever, has raised $1 billion in cash to help

OpenAI co-founder Sutskever's new safety-focused AI startup SSI raises $1 billion
Economy|Finance

Recession fears trounce rate cut cheer in latest market selloff

Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving

Recession fears trounce rate cut cheer in latest market selloff
Business|Finance|Stock Markets

Nordstrom founders offer $23 per share to take department store private

Nordstrom's founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a

Nordstrom founders offer $23 per share to take department store private

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