Today: November 21, 2024
Today: November 21, 2024

Finance

Business|Economy|Europe|Finance|Stock Markets|US

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe

November 20, 2024
Ford to cut 4,000 jobs in Europe
Asia|Business|Economy|Finance|World

India's Q3 growth to pick up after festive boost, cenbank says in bulletin

India's economic growth is expected to pick up in the current quarter after a slowdown in July-September, the country's central bank said in its monthly bulletin on Wednesday, citing a

November 20, 2024
India's Q3 growth to pick up after festive boost, cenbank says in bulletin
Business|Economy|Finance|US

Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden

The chief executive of Delta Air Lines says the incoming Trump administration will be a “breath of fresh air” for airlines after what he called government “overreach” under President Joe Biden

November 20, 2024
Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden
Business|Finance|Stock Markets|Technology

Firstrade to offer overnight trading, joins growing list of US brokerages

Online brokerage Firstrade plans to launch overnight trading in early 2025, the latest firm looking to offer retail clients the chance to trade US stocks and exchange-

November 20, 2024
Firstrade to offer overnight trading, joins growing list of US brokerages
Business|Finance|Technology

KPMG to spend $100 million on AI partnership with Google Cloud

- KPMG said on Wednesday it would spend $100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership

November 20, 2024
KPMG to spend $100 million on AI partnership with Google Cloud
Business|Economy|Finance|Lifestyle|US

Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target

Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on a

November 20, 2024
Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Business|Economy|Finance|US

3 urgent tasks awaiting Trump’s pick for Treasury secretary

3 urgent tasks awaiting Trump’s pick for Treasury secretary

November 20, 2024
3 urgent tasks awaiting Trump’s pick for Treasury secretary
Business|Economy|Finance

Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company

When for-profit companies are spun out of nonprofits, there is no easy way out of the legal consequences.

November 20, 2024
Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company
Business|Europe|Finance|Stock Markets

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford said it would cut around 14% of its European workforce on Wednesday, blaming losses in recent years due to weak electric vehicle demand

November 20, 2024
Ford to cut European jobs as EV shift, Chinese rivals take toll
Business|Economy|Finance

Sheetz is slashing gas prices by 40 cents a gallon

Sheetz is slashing gas prices by 40 cents a gallon

November 20, 2024
Sheetz is slashing gas prices by 40 cents a gallon
Business|Economy|Finance|US

Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs

Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S.

November 20, 2024
Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs
Asia|Business|Finance|Stock Markets

Top 20 global family-owned retail businesses

Japan's Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which

November 20, 2024
Top 20 global family-owned retail businesses
Business|Economy|Finance

Chile's central bank: Tighter external financing could impact households, businesses

Tighter external financing conditions could impact Chile's households, businesses and mortgages, increasing default risks they might face, the central bank said on Wednesday.

November 20, 2024
Chile's central bank: Tighter external financing could impact households, businesses
Business|Finance|US

TJX raises annual profit forecast as off-price stores attract bargain hunters

TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers flocking to its off-price stores for

November 20, 2024
TJX raises annual profit forecast as off-price stores attract bargain hunters
Business|Finance|Technology|US

China's Pony AI seeks up to $4.55 billion valuation in upsized US IPO

Pony AI is targeting a valuation of up to $4.55 billion in its upsized U.S. initial public offering, it said on Wednesday, indicating strong demand for the Chinese

November 20, 2024
China's Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Africa|Business|Economy|Finance|Stock Markets

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official

Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World Bank for a new $750 million loan, the finance ministry's head

November 20, 2024
Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official
Business|Finance

Why Target is losing to Walmart

Target forecast flat sales for the holiday shopping season. Telsey Advisory Group’s Joseph Feldman tells CNN’s Vanessa Yurkevich why the big box retailer appears to be losing market share to Walmart and whether it can turn things around.

November 20, 2024
Why Target is losing to Walmart
Business|Finance|Stock Markets|Technology

TSX stops short of record high as investors await fresh catalyst

Canada's main stock index inched higher on Wednesday as gains for energy shares offset investor reluctance to make big bets ahead of the release after the close of an

November 20, 2024
TSX stops short of record high as investors await fresh catalyst
Business|Economy|Finance

India's FY25 capital spending seen 5% below target, top ministry official says

India might undershoot its capex target of 11.1 trillion rupees ($131.72 billion) for fiscal year 2024-25 by around 5%, a top finance ministry official said on Wednesday.

November 20, 2024
India's FY25 capital spending seen 5% below target, top ministry official says
Business|Economy|Europe|Finance

Swiss industry gloomy over prospects as sales and exports slip

Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about

November 20, 2024
Swiss industry gloomy over prospects as sales and exports slip
Business|Economy|Finance|Stock Markets|US

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus

Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier.

November 20, 2024
Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus
Business|Economy|Finance

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Target has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items

November 20, 2024
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Business|Finance|Stock Markets|US

Target shares slide 21% as retailer expects stagnant holiday quarter sales

Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers

November 20, 2024
Target shares slide 21% as retailer expects stagnant holiday quarter sales
Asia|Business|Finance|Technology

Apple makes $100 million investment proposal for new plant in Indonesia

Tech giant Apple has made a $100 million investment proposal to Indonesia to build a plant to manufacture accessories and components, the industry ministry said on Wednesday.

November 20, 2024
Apple makes $100 million investment proposal for new plant in Indonesia
Business|Finance|Stock Markets|Technology|US

Nvidia vigil sees risk overcome safety

A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's geopolitical angst faded fast in world markets as positioning ahead of today's results from AI-giant Nvidia saw Big Tech

November 20, 2024
Nvidia vigil sees risk overcome safety
Business|Finance|Stock Markets|US

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud

Former billionaire investor Sung Kook "Bill" Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital

November 20, 2024
Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud
Business|Economy|Finance|US

Senator Warren urges Fed to keep Wells Fargo asset cap

The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic

November 20, 2024
Senator Warren urges Fed to keep Wells Fargo asset cap
Business|Finance|Technology|US

Google must divest Chrome to restore competition in online search, DOJ says

Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures - including possibly selling Android - to end its monopoly on

November 20, 2024
Google must divest Chrome to restore competition in online search, DOJ says
Asia|Business|Economy|Finance

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say

Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources

November 20, 2024
Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say
Economy|Europe|Finance|World

Turkey's Erdogan cites inflation forecast when asked about minimum wage hike

President Tayyip Erdogan on Wednesday cited the central bank's year-end inflation forecast of 44% and said Turkey will not let inflation crush people when asked about an expected

November 20, 2024
Turkey's Erdogan cites inflation forecast when asked about minimum wage hike
Business|Economy|Europe|Finance

Euro zone negotiated pay growth accelerates in Q3, adding to rate cut caution

Euro zone negotiated wage growth accelerated in the third quarter, adding to the case for caution in cutting interest rates quickly as the labour market remains tight despite

November 20, 2024
Euro zone negotiated pay growth accelerates in Q3, adding to rate cut caution
Business|Economy|Finance|Food|US

CONSUMER WATCH: HOW MUCH WILL THANKSGIVING FOOD COST?

How much will a Thanksgiving dinner cost this year? Jenn Sullivan looks at how inflation is impacting prices

November 20, 2024
CONSUMER WATCH: HOW MUCH WILL THANKSGIVING FOOD COST?
Business|Europe|Finance

VW union proposes $1.6 billion of cuts, but no plant closures

Volkswagen workers offered on Wednesday to back 1.5 billion euros ($1.6 billion) in cost savings if it rules out closing plants in

November 20, 2024
VW union proposes $1.6 billion of cuts, but no plant closures
Business|Europe|Finance

Cinven secures Italian nod to sell minority stake in Synlab to Labcorp

Private equity firm Cinven secured a conditional approval from Italian authorities over its plan to sell a 15% stake in diagnostic service provider Synlab to laboratory operator

November 20, 2024
Cinven secures Italian nod to sell minority stake in Synlab to Labcorp
Europe|Finance|Stock Markets|Technology

ECB warns of 'bubble' in AI stocks as funds deplete cash buffers

The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence (AI), which could burst abruptly if investors' rosy expectations are

November 20, 2024
ECB warns of 'bubble' in AI stocks as funds deplete cash buffers
Economy|Finance|US

Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially

November 20, 2024
Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll
Europe|Finance|Stock Markets

Europe's STOXX 600 flat in volatile trading; real estate weighs

Europe's main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical

November 20, 2024
Europe's STOXX 600 flat in volatile trading; real estate weighs
Asia|Business|Finance|Stock Markets

China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth

November 20, 2024
China's cashed-up crowd is back in the stock market
Business|Finance|Technology

Nokia wins 'multi-billion' dollar deal in India

Finnish telecom equipment supplier Nokia on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.

November 20, 2024
Nokia wins 'multi-billion' dollar deal in India
Africa|Economy|Finance

South Africa inflation drops to lowest in over four years

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,

November 20, 2024
South Africa inflation drops to lowest in over four years
Asia|Business|Economy|Finance

Japan set to approve $87 billion economic stimulus this week

Japan's ruling coalition on Wednesday agreed with a key opposition party on the draft of an economic stimulus package, clearing a major hurdle for the $87

November 20, 2024
Japan set to approve $87 billion economic stimulus this week
Asia|Economy|Finance

Indonesia central bank leaves rates on hold as it focuses on FX stability

Indonesia's central bank left interest rates unchanged on Wednesday, as expected, saying changed global dynamics after the U.S. election

November 20, 2024
Indonesia central bank leaves rates on hold as it focuses on FX stability
Economy|Europe|Finance

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth

November 20, 2024
UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts
Election|Finance

There may be no durable Trump trade: Mike Dolan

Pity the poor forecasters compiling 2025 investment outlooks. Little of their hastily-compiled post-election annual outlooks may endure beyond the end of this year.

November 20, 2024
There may be no durable Trump trade: Mike Dolan
Business|Finance|Stock Markets|Technology

STMicroelectronics delays financial targets, CEO says governments distorting markets

Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its

November 20, 2024
STMicroelectronics delays financial targets, CEO says governments distorting markets
Business|Economy|Europe|Finance

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5

November 20, 2024
HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients
Business|Europe|Finance|Stock Markets|Technology

British inflation set to dominate before Nvidia

A look at the day ahead in European and global markets from Stella Qiu Trading was subdued in Asia with everyone waiting for the earnings results of AI darling Nvidia, the world's most valuable

November 20, 2024
British inflation set to dominate before Nvidia
Asia|Business|Economy|Finance

Thailand expects to distribute $4 billion in handouts in Q2 next year

Thailand expects to conduct the third phase of its cash handout stimulus programme in the second quarter next year, when 140 billion baht ($4.1 billion) will be distributed to 14

November 20, 2024
Thailand expects to distribute $4 billion in handouts in Q2 next year
Asia|Business|Economy|Finance|Stock Markets

China funds slash ETF fees, escalating price war in booming market

Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the

November 20, 2024
China funds slash ETF fees, escalating price war in booming market
Asia|Business|Economy|Finance|Stock Markets

How far could the Bank of Japan raise interest rates?

The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing

November 20, 2024
How far could the Bank of Japan raise interest rates?
Economy|Finance|Stock Markets|US

Investors lift US dollar, focus on Federal Reserve outlook

The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's

November 20, 2024
Investors lift US dollar, focus on Federal Reserve outlook
Business|Finance|Technology|US

Bitcoin surges to record high near $95,000

Bitcoin rose to a fresh record high just shy of $95,000 after a report that Donald Trump's social media

November 20, 2024
Bitcoin surges to record high near $95,000
Business|Economy|Finance|World

Oil settles down on strong US supply, losses capped by Ukraine escalation

Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the

November 20, 2024
Oil settles down on strong US supply, losses capped by Ukraine escalation
Asia|Business|Finance|Stock Markets|Technology

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results

Global shares edged lower on Wednesday as markets weighed tensions between Russia and the West, while bitcoin hit a new record high and

November 20, 2024
Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results
Asia|Economy|Finance

Japan records a trade deficit in October for a 4th straight month, despite export recovery

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and rising energy prices kept import costs high

November 20, 2024
Japan records a trade deficit in October for a 4th straight month, despite export recovery
Business|Economy|Finance

Gender pay gap narrows marginally in Australia, government report shows

The gender pay gap in Australia has narrowed marginally though women employees on average still earned A$28,425 ($18,590) less each year than their male colleagues, a

November 20, 2024
Gender pay gap narrows marginally in Australia, government report shows
Australia|Business|Finance|Technology

Top Aussie banks join hands to combat fraud and scam in banking payments

Major Australian banks have partnered with BioCatch in launching a pilot of an anti-scam project, aimed at reducing frauds in banking payments, the Israeli digital fraud detection startup

November 20, 2024
Top Aussie banks join hands to combat fraud and scam in banking payments
Asia|Economy|Finance

China leaves lending benchmark LPRs unchanged, as expected

China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higher-than-expected margins last month to revive economic

November 20, 2024
China leaves lending benchmark LPRs unchanged, as expected
Business|Economy|Election|Finance|US

California voters reject measure that would have raised minimum wage to nation-high $18 per hour

California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour

November 20, 2024
California voters reject measure that would have raised minimum wage to nation-high $18 per hour
Asia|Business|Economy|Finance|Stock Markets|Technology

Alibaba raises $5 billion in dual currency bond deal

Alibaba has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this

November 20, 2024
Alibaba raises $5 billion in dual currency bond deal
Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

November 20, 2024
Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Finance|Stock Markets|Technology

Kadokawa shares surge after news of Sony acquisition talks

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire

November 20, 2024
Kadokawa shares surge after news of Sony acquisition talks
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

November 20, 2024
Nearly 1 million UK workers are uncounted, think tank says
Business|Finance|Stock Markets|Technology

Nokia's US shares rise after T-Mobile says no plans to stop partnership

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report

November 19, 2024
Nokia's US shares rise after T-Mobile says no plans to stop partnership
Australia|Economy|Finance

Australia statistician overstated child care costs, but no impact on CPI

Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in any changes to

November 19, 2024
Australia statistician overstated child care costs, but no impact on CPI
Business|Finance|Stock Markets|US

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

A federal judge on Tuesday rejected Pfizer's bid to recoup about $75.2 million left over from a U.S.

November 19, 2024
Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules
Asia|Business|Finance

US-Russia fright fades, Nvidia vigil almost over

A look at the day ahead in Asian markets. 

November 19, 2024
US-Russia fright fades, Nvidia vigil almost over
Business|Finance|Technology|US

Dell, Iron Bow settle charges they overcharged the Army, DOJ says

Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing

November 19, 2024
Dell, Iron Bow settle charges they overcharged the Army, DOJ says
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

November 19, 2024
What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Finance|Sports|US

Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all

A combination of hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at all

November 19, 2024
Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all
Business|Finance|Political|US|World

US State Dept. OKs potential $100 million sale of military equipment to Ukraine

The U.S. Department of State has approved the potential $100 million sale of military equipment and services to Ukraine, the Pentagon said in a statement on Tuesday.

November 19, 2024
US State Dept. OKs potential $100 million sale of military equipment to Ukraine
Business|Economy|Finance|US

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders

Wall Street veteran Howard Lutnick, whose domain stretches from brokerages to real estate, has been one of Donald Trump's biggest promoters from the business world in recent

November 19, 2024
Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

November 19, 2024
Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Finance

Fed's Schmid says it is uncertain how far interest rates can fall

It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is

November 19, 2024
Fed's Schmid says it is uncertain how far interest rates can fall
Business|Election|Finance|US

Walmart, other US companies raise concerns over proposed Trump tariffs

Corporate executives were taking a wait-and-see approach to President-elect Donald Trump's vow to impose heavy tariffs on imports when he

November 19, 2024
Walmart, other US companies raise concerns over proposed Trump tariffs
Americas|Business|Finance

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets

Brazilian development bank BNDES signed a deal with Paraguay's government on Monday to provide 600 million reais ($103.9 million) in financing for the export of six Embraer's Super Tucano

November 19, 2024
Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets
Business|Celebrity|Entertainment|Finance|Sports

Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record

Jake Paul and Mike Tyson punched up a record-breaking gate at AT&T Stadium on Saturday with 72,300 fans in attendance leading to $18,117,072 in total revenue, a record for boxing and mixed martial

November 19, 2024
Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record
Business|Economy|Finance|Lifestyle

Starting a small business is hard. Exiting can be even harder, but planning early is the key

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it’s best to have a plan well in advance of making a big change

November 19, 2024
Starting a small business is hard. Exiting can be even harder, but planning early is the key
Economy|Environment|Finance

What new taxes could help raise money to fight climate change?

The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming.

November 19, 2024
What new taxes could help raise money to fight climate change?
Asia|Business|Economy|Europe|Finance|US

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs

Chinese President Xi Jinping told German Chancellor Olaf Scholz

November 19, 2024
Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs
Business|Economy|Finance|Food

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

November 19, 2024
Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

November 19, 2024
Risk assets may be entering 'danger zone': McGeever
Finance|Celebrity|Lifestyle

TikTok is a swamp of bad financial advice, and experts are fighting back

Money.ca profiles the influencers trying to share real financial advice in a sea of social media clickbait.

November 19, 2024
TikTok is a swamp of bad financial advice, and experts are fighting back
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

November 19, 2024
Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Health

Healthcare executives expect more IPOs and corporate dealmaking in 2025

Healthcare executives and investors expect an uptick in initial public offerings and corporate dealmaking in 2025, with geopolitical tensions overtaking

November 19, 2024
Healthcare executives expect more IPOs and corporate dealmaking in 2025
Business|Economy|Finance|US

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. 

November 19, 2024
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Business|Economy|Europe|Finance

Italian lawmakers urge government to scale back crypto, web tax plans

Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a

November 19, 2024
Italian lawmakers urge government to scale back crypto, web tax plans
Business|Economy|Finance

Canada's annual inflation rate rises to 2% in October

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of

November 19, 2024
Canada's annual inflation rate rises to 2% in October
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

November 19, 2024
Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

November 19, 2024
Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Economy|Finance

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

November 19, 2024
Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

November 19, 2024
Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

November 19, 2024
Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Environment|Finance|World

Beyond B-loans? Development banks seek private money for climate change fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change,

November 19, 2024
Beyond B-loans? Development banks seek private money for climate change fight
Economy|Finance

IMF deal would give Ukraine access to about $1.1 billion, Fund says

International Monetary Fund staff and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that

November 19, 2024
IMF deal would give Ukraine access to about $1.1 billion, Fund says
Business|Finance|US

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and

November 19, 2024
Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials
Business|Economy|Finance|Technology

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart

November 19, 2024
As Americans bargain shop, six-figure earners flock to Walmart
Business|Finance|US

Walmart heads into official start of holiday season with strong momentum after robust 3Q results

Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could

November 19, 2024
Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Business|Finance|Technology

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden

November 19, 2024
Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo

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