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

Finance

Business|Finance|News

US rails cancel embargoes after Canada work stoppage ends

U.S. railroads Norfolk Southern and BNSF Railway on Monday said all embargoes associated with the potential Canadian work stoppage stand canceled and affected rail traffic has resumed,

US rails cancel embargoes after Canada work stoppage ends
Business|Finance

Care.com reaches $8.5 million US FTC settlement over job listings, renewals

Care.com, a platform for providing in-home care services to children, older adults and pets, agreed to pay $8.5 million to settle U.S.

Care.com reaches $8.5 million US FTC settlement over job listings, renewals
Business|Finance

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24,

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance
Africa|Business|Crime|Finance|Technology

Nigerian judge to hear money laundering case against Binance next week

A Nigerian judge will hear a money laundering case against crypto exchange Binance and two of its executives next week, more than a month earlier than planned, after

Nigerian judge to hear money laundering case against Binance next week
Business|Economy|Finance

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement
Business|Finance|Stock Markets

Icahn Enterprises shares plunge to 20-year low after $400 million unit sale plan

Shares of billionaire investor Carl Icahn's Icahn Enterprises closed at a more than 20-year low on Monday after the firm said it will sell up to $400 million depository units through an "at

Icahn Enterprises shares plunge to 20-year low after $400 million unit sale plan
Business|Economy|Finance|News

US firms' 'low firing' approach may turn to more layoffs, Fed's Barkin tells BBG

The "low-hiring, low-firing" approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve

US firms' 'low firing' approach may turn to more layoffs, Fed's Barkin tells BBG
Business|Economy|Finance|Stock Markets

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street
Business|Economy|Finance|News|Stock Markets

US business spending on equipment shows signs of cooling in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in

US business spending on equipment shows signs of cooling in July
Economy|Finance

Bank of Israel to keep rates on hold in contrast to expected Fed, ECB cuts : Reuters poll

The Bank of Israel (BoI) will keep short-term interest rates unchanged for a fifth straight meeting on Wednesday, with economists uncertain over the timing of a

Bank of Israel to keep rates on hold in contrast to expected Fed, ECB cuts : Reuters poll
Business|Finance

Elliott, Southwest to meet in September as firm lays out case for change

Elliott Investment Management and Southwest Airlines will meet early next month for the first time to discuss potential changes at the airline, both

Elliott, Southwest to meet in September as firm lays out case for change
Business|Finance

TSX posts record high on rotation into commodity-linked shares

Canada's main stock rose to an all-time high on Monday as a jump in oil prices boosted energy shares, and ahead of quarterly earnings this week from five of Canada's six

TSX posts record high on rotation into commodity-linked shares
Business|Finance

Kroger and Albertsons defend merger plan in federal court against US regulators' objections

A lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t allowed to proceed

Kroger and Albertsons defend merger plan in federal court against US regulators' objections
Business|Economy|Finance|News

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home
Asia|Business|Finance

China's PDD suffers $55 billion market cap wipeout after flagging an uncertain market

China's PDD Holdings missed market estimates for quarterly revenue on Monday, and downbeat comments from executives about China's domestic e-commerce

China's PDD suffers $55 billion market cap wipeout after flagging an uncertain market
Business|Finance|Stock Markets

S&P 500 ends lower, weighed down by Nvidia dip

The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflation

S&P 500 ends lower, weighed down by Nvidia dip
Business|Economy|Finance

With Fed's shift to job market risks done, policy now has to catch up

In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up

With Fed's shift to job market risks done, policy now has to catch up
Business|Economy|Finance|News

Kroger case tests FTC Chair Khan's bid to protect workers

Federal Trade Commission Chair Lina Khan's initiative to use antitrust laws to protect workers is being tested at a trial that began on Monday, as the agency alleges that

Kroger case tests FTC Chair Khan's bid to protect workers
Economy|Finance

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing”

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance
Finance|Stock Markets

Rate-cut hopes meet Mid-East risks

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Not for the first time, financial markets are reminded why it's never a good idea to get too far ahead.

Rate-cut hopes meet Mid-East risks
Business|Economy|Europe|Finance

Chip stocks slip, keeping European shares muted ahead of data-heavy week

European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked

Chip stocks slip, keeping European shares muted ahead of data-heavy week
Business|Economy|Finance|Technology

India to launch platform for rural, small business lending, cenbank governor says

India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies,

India to launch platform for rural, small business lending, cenbank governor says
Australia|Business|Finance|Stock Markets

Woodside Energy earnings set to dip as investors eye strategic deals

Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its

Woodside Energy earnings set to dip as investors eye strategic deals
Business|Economy|Finance

Darkening global outlook, central bank pivots signal more turbulence

Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global

Darkening global outlook, central bank pivots signal more turbulence
Economy|Europe|Finance|Stock Markets

Markets reassured by the Powell put

A look at the day ahead in European and global markets from Wayne Cole. Asia has seen an extension of the Powell rally so far on Monday with yields and the dollar down, and most stocks edging higher.

Markets reassured by the Powell put

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