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

Finance

Economy|Finance|News

Egyptian inflation expected to fall for fifth month in July

Inflation is expected to have declined for a fifth month in July, despite higher higher food, tobacco and fuel prices, as IMF efforts to control monetary policy have started to take

Egyptian inflation expected to fall for fifth month in July
Business|Economy|Finance|Stock Markets

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback
Business|Finance

US consumer watchdog probes major US banks over Zelle scam, WSJ reports

The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle Network, the Wall Street Journal

US consumer watchdog probes major US banks over Zelle scam, WSJ reports
Business|Finance|Stock Markets|Technology

Instacart shares surge on strong grocery delivery demand and advertising growth

Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business

Instacart shares surge on strong grocery delivery demand and advertising growth
Business|Europe|Finance

Italy doubles billionaires' 'flat tax', decries tax havens

Italy's government approved a measure on Wednesday that doubles to 200,000 euros ($218,220) per year a "flat tax" applied on income earned

Italy doubles billionaires' 'flat tax', decries tax havens
Business|Economy|Finance|Stock Markets

Japan's top currency diplomat says monitoring markets with sense of urgency

The Japanese government is closely monitoring stock and currency markets and cooperating with the central bank and other countries, Japan's top currency diplomat Atsushi Mimura said

Japan's top currency diplomat says monitoring markets with sense of urgency
Asia|Business|Europe|Fashion and Beauty|Finance

Ralph Lauren beats profit estimates on stable demand in Europe, China

Ralph Lauren beat first-quarter profit estimates on Wednesday as steady demand for its pricey denims and polo shirts in Europe and China offset slower sales in the U.S.

Ralph Lauren beats profit estimates on stable demand in Europe, China
Business|Finance

Emerson's quarterly earnings rise on measurement instruments demand

Emerson Electric reported higher third-quarter earnings on Wednesday, aided by demand for its unit which makes valves, regulators and actuators.

Emerson's quarterly earnings rise on measurement instruments demand
Europe|Finance

ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens

The European Central Bank can continue cutting interest rates if confidence in the slowing inflation trend strengthens in the near future, Finnish ECB policymaker Olli Rehn said

ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens
Business|Entertainment|Finance

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety
Business|Finance|Technology

Shopify soars as AI focus powers quarterly beat, bullish forecast

Shopify beat analysts' estimates for second-quarter results and forecast upbeat sales growth on Wednesday as its AI-enabled tools attracted more merchants to its e-commerce services,

Shopify soars as AI focus powers quarterly beat, bullish forecast
Business|Finance|Stock Markets|Technology|Travel

Airbnb shares slumps as weak forecast signals slowing travel demand

Shares of Airbnb slumped nearly 14% on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter

Airbnb shares slumps as weak forecast signals slowing travel demand
Business|Finance|Food

Cocoa prices to head higher by end-2024 amid record deficit: Reuters poll

Cocoa prices are expected to continue heading higher this year due to persistent supply shortages that will leave them at more than double last year's levels by the

Cocoa prices to head higher by end-2024 amid record deficit: Reuters poll
Business|Finance|Technology

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports

U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports
Asia|Business|Finance

Cathay Pacific says profit drops on lower fares, growth plan on track

Hong Kong's Cathay Pacific Airways declared an interim dividend on Wednesday, citing strong performance, even as first-half profit dropped 15% from a year ago which the

Cathay Pacific says profit drops on lower fares, growth plan on track
Finance

What you should do with your 401(k) in a highly volatile market

What you should do with your 401(k) in a highly volatile market

What you should do with your 401(k) in a highly volatile market
Asia|Business|Economy|Finance

Asian markets make solid gains following global rout

Asian markets make solid gains following global rout

Asian markets make solid gains following global rout
Business|Finance

Japan regulator tells financial firms to reassure nervous new investors

The new head of Japan's banking regulator called on financial firms to reassure and educate inexperienced retail

Japan regulator tells financial firms to reassure nervous new investors
Business|Finance|Health

CVS Health expects medical costs to remain high through the year

CVS Health said on Wednesday that high demand for medical care among older adults hit second-quarter results, a trend that continued into July,

CVS Health expects medical costs to remain high through the year
Business|Economy|Finance|Stock Markets

Nasdaq ends down 1% as tech shares fall; Treasury auction weak

U.S. stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked

Nasdaq ends down 1% as tech shares fall; Treasury auction weak
Business|Finance

Mexican peso snaps four-day loses in extended Latam asset recovery

The Mexican peso jumped against the dollar on Wednesday, a day ahead of key inflation data and a monetary policy decision, with most Latin

Mexican peso snaps four-day loses in extended Latam asset recovery
Business|Finance|Travel

Hilton lifts profit view as international travel offsets weak US demand

Hotel operator Hilton Worldwide raised its forecast for 2024 profit after beating second-quarter estimates on Wednesday as robust demand for international travel offset

Hilton lifts profit view as international travel offsets weak US demand
Business|Finance|Stock Markets|Technology

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast

Shares of AI high-flier Super Micro Computer tumbled to a six month low on Wednesday as a faster-than-expected contraction in the server maker's gross margin overshadowed a

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast
Finance|News|Stock Markets

BOJ eases market migraine, Super Micro aches

A look at the day ahead in U.S. and global markets from Mike Dolan In an extraordinary round trip over the past week, world markets have rebounded sharply from days of turbulence - thanks in part to

BOJ eases market migraine, Super Micro aches
Business|Economy|Finance|News

Air Canada shifts capacity to Pacific routes after profit falls

Air Canada said it would redeploy capacity to Asia Pacific routes on softer European demand, after reporting a lower second-quarter profit that came in ahead of analysts' estimates on

Air Canada shifts capacity to Pacific routes after profit falls

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