Today: September 21, 2024
Today: September 21, 2024

Finance

Economy|Finance

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Business|Finance

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass

Lithium Americas said on Friday that General Motors had agreed to delay an additional investment worth $330 million in the miner until the end of the year.

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass
Business|Economy|Finance

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

Global bond funds attracted the biggest weekly inflow in six weeks in the seven days to Aug. 28, buoyed by heightened purchases of government bonds amid anticipation of a September Fed

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions
Business|Finance|Stock Markets|Technology

Intel rises as report of chipmaker exploring options cheers glum investors

Intel's shares rose more than 3% in early trading on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor

Intel rises as report of chipmaker exploring options cheers glum investors
Business|Economy|Finance

Wall Street rally helped boost gains for 401(k) plan savers in the first half of 2024

Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts

Wall Street rally helped boost gains for 401(k) plan savers in the first half of 2024
Business|Finance|Technology

Dell shares rise as AI server demand boosts results, forecasts

Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts

Dell shares rise as AI server demand boosts results, forecasts
Economy|Finance|News

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S.

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
Finance|Stock Markets

Dow notches record high close after upbeat economic data

Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised

Dow notches record high close after upbeat economic data
Business|Economy|Finance

US regulator finds banks have work to do on climate risk, sources say

A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their

US regulator finds banks have work to do on climate risk, sources say
Business|Economy|Finance|Stock Markets

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 and Nasdaq.

Record highs abound, except in usual place
Business|Economy|Finance

China's mortgage loans fall, property development loans rise

China's mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a floor under

China's mortgage loans fall, property development loans rise
Economy|Europe|Finance

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

Inflation is down in Europe

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Economy|Finance

Lowest euro zone inflation in 3 years sets up ECB for cut

Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European

Lowest euro zone inflation in 3 years sets up ECB for cut
Business|Europe|Finance

Thyssenkrupp works council says steel leadership crisis puts sale at risk

Thyssenkrupp's planned sale of its steel business is at risk over uncertainty following a leadership crisis at the unit, the

Thyssenkrupp works council says steel leadership crisis puts sale at risk
Business|Finance|Stock Markets

SIX Group explores options for financial information unit, sources say

Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging it

SIX Group explores options for financial information unit, sources say
Business|Finance|Stock Markets|Technology

How does PDD stack up against other big China e-ecommerce firms?

Shares of China's biggest e-commerce companies - Alibaba, JD.com and PDD Holdings - were dumped earlier this week on worries about pressure on their margins after low

How does PDD stack up against other big China e-ecommerce firms?
Business|Economy|Finance|Stock Markets

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken

The UK's main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hopes

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
Business|Economy|Europe|Finance|News|Stock Markets

European shares inch up to record high as inflation data sets stage for ECB rate cut

European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation

European shares inch up to record high as inflation data sets stage for ECB rate cut
Economy|Europe|Finance|News

ECB's Schnabel keeps door open to further rate cuts

Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, but the European Central Bank must become

ECB's Schnabel keeps door open to further rate cuts
Business|Finance

China state banks buying dollars amid rapid yuan gains, sources say

Major state-owned banks were buying dollars in China's onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.

China state banks buying dollars amid rapid yuan gains, sources say
Australia|Business|Finance

ANZ CEO says no evidence bond trading scandal has cost Australian taxpayers

ANZ, Australia's third-largest retail bank, has found no evidence that suspected misconduct by its employees during a 2023 government bond issuance had cost Australian

ANZ CEO says no evidence bond trading scandal has cost Australian taxpayers
Asia|Business|Economy|Finance

Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian

Russia payment hurdles with China partners intensified in August, sources say
Business|Finance|Stock Markets

Actively managed Japan stock ETFs outperform in resilient market

Less than a month after a Bank of Japan interest rate hike triggered the biggest selloff since 1987 of the bellwether Nikkei 225 Index, major market

Actively managed Japan stock ETFs outperform in resilient market
Economy|Europe|Finance

France's political quagmire keeps asset recovery at bay

France's financial assets are stuck in a rut as a political stalemate and policy paralysis take hold, casting a shadow over the outlook for

France's political quagmire keeps asset recovery at bay

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