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

Finance

Business|Finance|Technology

Apple, Nvidia in talks to join OpenAI funding round, media reports say

Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising round that could value the ChatGPT maker above $100 billion, according to media reports

Apple, Nvidia in talks to join OpenAI funding round, media reports say
Business|Finance

Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says

Brazilian planemaker Embraer's average delay to deliver aircraft is around one to two months, the firm's chief financial officer said on Thursday, highlighting

Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says
Business|Finance

Brazil airline Azul not weighing Chapter 11, CEO says

Azul is not planning on filing for Chapter 11 bankruptcy protection, the Brazilian airline's CEO told Reuters, contradicting reports which caused the carrier's

Brazil airline Azul not weighing Chapter 11, CEO says
Asia|Economy|Finance

China's central bank buys government bonds, stirs intervention talk

China's central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is

China's central bank buys government bonds, stirs intervention talk
Economy|Finance

US fiscal profile unlikely to change much after elections, says Fitch

Ratings agency Fitch said on Thursday the U.S. fiscal profile is likely to remain largely unchanged regardless of who wins the upcoming presidential election, as it affirmed the United

US fiscal profile unlikely to change much after elections, says Fitch
Business|Economy|Finance

Nippon Steel boosts capital commitment to US Steel plants

Nippon Steel Corp. is raising its capital commitment by more than $1 billion to spend on U.S. Steel's plants amid entrenched political and labor opposition to the Japanese company’s acquisition of the American steelmaker

Nippon Steel boosts capital commitment to US Steel plants
Business|Economy|Finance|News

US gasoline prices lower this year ahead of Labor Day, EIA says

U.S. gasoline prices were substantially lower than last year heading into the weekend of the Labor Day federal holiday on Monday, which ends the U.S. summer driving season,

US gasoline prices lower this year ahead of Labor Day, EIA says
Business|Europe|Finance

EV tariffs could hurt European companies and industry, Polestar CFO says

Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer

EV tariffs could hurt European companies and industry, Polestar CFO says
Business|Finance

Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army

A joint venture between Lockheed Martin and RTX's Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in

Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army
Business|Economy|Finance

Russian central bank says new rate hike in September is not a certainty

Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in

Russian central bank says new rate hike in September is not a certainty
Business|Finance

Affirm soars as BNPL lender aims to turn profit ahead of Street targets

Affirm shares rose 33% on Thursday after the buy-now-pay-later lender trounced estimates for quarterly results and said it expects to be profitable by the fourth quarter of

Affirm soars as BNPL lender aims to turn profit ahead of Street targets
Business|Economy|Finance

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
Business|Economy|Finance

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Business|Finance|Technology

Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports

Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from suitors including Samsung Electronics, Bloomberg News reported on

Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports
Business|Europe|Finance

Germany's DZ Bank sees more consumers struggling to repay debts

Germany's DZ Bank has turned more pessimistic about the chances of consumers repaying their debts amid rising rents and living costs, and as the

Germany's DZ Bank sees more consumers struggling to repay debts
Business|Finance

Jack Daniel's maker Brown-Forman misses quarterly results on tepid demand

Brown-Forman missed first-quarter profit and sales estimates on Thursday, hurt by higher input costs and weaker demand for its pricey whiskey and spirits.

Jack Daniel's maker Brown-Forman misses quarterly results on tepid demand
Business|Economy|Finance|News

US second-quarter economic growth revised higher on consumer spending

The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the

US second-quarter economic growth revised higher on consumer spending
Business|Economy|Europe|Finance

German inflation falls to 2.0% in August, aiding ECB rate cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to

German inflation falls to 2.0% in August, aiding ECB rate cuts
Business|Economy|Finance

US auto sales set to rise in August on Labor Day weekend surge, report shows

New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according to a

US auto sales set to rise in August on Labor Day weekend surge, report shows
Business|Economy|Finance

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy
Economy|Finance

Egypt central bank expands lending to government, but inflation slows

Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as

Egypt central bank expands lending to government, but inflation slows
Business|Economy|Finance|News

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more

US economy displays resilience with low layoffs, solid second-quarter growth
Asia|Business|Crime|Finance

Second exec to appeal against conviction in 1MDB fraud case

A second executive convicted in Switzerland for his involvement in a $1.8 billion fraud against Malaysian sovereign wealth fund 1MDB will appeal against the judgement, his lawyers

Second exec to appeal against conviction in 1MDB fraud case
Business|Finance|Health

Catalent beats revenue estimates ahead of deal close with Novo Holdings

Contract drug manufacturer Catalent beat analysts' estimates for fourth-quarter revenue on Thursday, helped by its biologics segment that develops and manufactures cell and gene therapies.

Catalent beats revenue estimates ahead of deal close with Novo Holdings
Finance

Sterling's stunning rally keeps twitchy currency markets on edge

Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate

Sterling's stunning rally keeps twitchy currency markets on edge

Follow