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

Finance

Asia|Business|Finance|Stock Markets

Stocks fall with safe haven assets in demand, growth concerns in focus

MSCI's global equities gauge fell for a third day in a row and oil prices lost ground on Wednesday, while safe-haven assets such as U.S.

Stocks fall with safe haven assets in demand, growth concerns in focus
Business|Finance

Already expensive global house prices to get modest boost from rate cuts: Reuters poll

House prices in most key markets will rise modestly this year and next on expectations mortgage rates will fall further and help to marginally improve

Already expensive global house prices to get modest boost from rate cuts: Reuters poll
Business|Economy|Finance

Dollar eases as US job openings fall; safe-haven bid lifts yen

The dollar slipped against most major currencies on Wednesday after July U.S. job openings data signaled a softening labor market, tilting the odds further in

Dollar eases as US job openings fall; safe-haven bid lifts yen
Business|Finance

SEC fines six major credit rating agencies over failure to keep electronic records

SEC fines six major credit rating agencies over failure to keep electronic records

SEC fines six major credit rating agencies over failure to keep electronic records
Business|Economy|Finance

Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories

Norway's $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog's new, tougher interpretation of ethics standards for

Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories
Asia|Business|Finance|News

Growth fears, tech slump bring on September blues

A look at the day ahead in Asian markets.

Growth fears, tech slump bring on September blues
Business|Finance

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management

A hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management
Americas|Business|Economy|Finance|News

Kamala Harris to propose up to $50,000 tax deduction for new small businesses

Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her

Kamala Harris to propose up to $50,000 tax deduction for new small businesses
Business|Finance|News

Six rating agencies to pay over $49 million over recordkeeping failures, SEC says

Six credit rating agencies agreed to pay a total of more than $49 million in civil penalties to settle U.S.

Six rating agencies to pay over $49 million over recordkeeping failures, SEC says
Business|Finance|Stock Markets|Technology

U.S. stocks tumble as September starts, investors cool on chips

Wall

U.S. stocks tumble as September starts, investors cool on chips
Business|Finance

US corporate borrowers rush to bond market post-Labor Day

U.S. corporate borrowers flooded the investment-grade and junk bond market on Tuesday, getting ahead of expected market volatility on this month's rates decision by the

US corporate borrowers rush to bond market post-Labor Day
Business|Economy|Finance|Stock Markets

US gasoline slumps to near 3-year low on end of driving season, oil slump

U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a

US gasoline slumps to near 3-year low on end of driving season, oil slump
Business|Finance|Stock Markets|Technology

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened

Nvidia suffers record $279 billion loss in market value as Wall St drops
Business|Finance

Citi hires Achintya Mangla to head investment banking financing

Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role that will report to the head of banking Viswas Raghavan, according to a memo

Citi hires Achintya Mangla to head investment banking financing
Business|Economy|Finance

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world

Generating financial returns, noble and important as that goal is, is no longer enough, 3 scholars of marketing argue.

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world
Economy|Finance|News

US housing inflation likely to fall in year ahead, Fed paper says

U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank

US housing inflation likely to fall in year ahead, Fed paper says
Business|Economy|Finance

COVID-19 government disaster loans saved businesses, but saddled survivors with debt

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses

COVID-19 government disaster loans saved businesses, but saddled survivors with debt
Business|Finance|Stock Markets

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy
Economy|Finance

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Finance|Stock Markets

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

Berkshire Hathaway has offloaded Bank of America shares worth more than $6 billion following a strong run in the second-largest U.S. lender's stock, with some

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits
Business|Finance

Family-owned Tropical Cheese is exploring a sale, sources say

The family behind Tropical Cheese Industries is exploring a sale of the Hispanic dairy products maker that could value it at over $500 million, according to

Family-owned Tropical Cheese is exploring a sale, sources say
Business|Economy|Finance

Sanctioned former central banker to become Russia's IMF representative

Ksenia Yudaeva, an adviser to Bank of Russia Governor Elvira Nabiullina, will become Russia's new executive director at the International Monetary Fund (IMF), Moscow's current

Sanctioned former central banker to become Russia's IMF representative
Americas|Economy|Finance|News|Stock Markets

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting

A Senate committee hearing to confirm President Luiz Inacio Lula da Silva's pick to head Brazil's central bank will not happen before the monetary authority's next interest rate-

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting
Economy|Finance|News

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war

Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war
Business|Finance

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

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