Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Economy|Finance

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
Business|Finance|Technology

JPMorgan considers suing consumer watchdog over Zelle

JPMorgan Chase said on Friday it is considering whether to sue a U.S. consumer watchdog over the agency's inquiries into the Zelle payment app.

JPMorgan considers suing consumer watchdog over Zelle
Business|Finance|Technology

Tesla attorneys ask judge to vacate decision invalidating massive pay package for Elon Musk

Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive pay package for Musk

Tesla attorneys ask judge to vacate decision invalidating massive pay package for Elon Musk
Economy|Finance

US recession scare fuels searing rally in bonds, yield curve flip in view

A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors

US recession scare fuels searing rally in bonds, yield curve flip in view
Business|Economy|Finance

Wall Street sees bigger 2024 Fed easing after soft jobs report

A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change

Wall Street sees bigger 2024 Fed easing after soft jobs report
Business|Economy|Finance|News

Four reasons to take a breath after the U.S. jobs report

The disappointing U.S. employment report for July unleashed a "Freakout Friday" moment in financial markets and triggered a wholesale resetting of expectations for how much

Four reasons to take a breath after the U.S. jobs report
Business|Finance

Data provider Dun & Bradstreet explores sale, sources say

Dun & Bradstreet, a U.S. data and analytics provider that has a market value of more than $9 billion including debt, is exploring

Data provider Dun & Bradstreet explores sale, sources say
Business|Economy|Finance

Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say

Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with

Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say
Business|Economy|Finance

Fed's Goolsbee: don't want to 'blow through' full employment

Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will

Fed's Goolsbee: don't want to 'blow through' full employment
Business|Economy|Finance

Citgo auction pits Icahn-backed oil refiner, creditor group

An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing

Citgo auction pits Icahn-backed oil refiner, creditor group
Business|Finance|News

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies

Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies
Business|Finance|Stock Markets

Volatility-linked funds dump US stocks, exacerbating selloff

A sharp drop in U.S. stocks is provoking selling from volatility-sensitive funds, exacerbating a selloff that has already brought the Nasdaq Composite into

Volatility-linked funds dump US stocks, exacerbating selloff
Business|Economy|Finance

Equities sell off, Nasdaq on track for correction, bond yields sink

Global equities sold off on Friday and U.S.

Equities sell off, Nasdaq on track for correction, bond yields sink
Business|Europe|Finance

BNP Paribas swoop on AXA fund business fuels hopes for more deals

BNP Paribas' talks to buy the investment business of insurer AXA will trigger more deals, bankers say, as European money

BNP Paribas swoop on AXA fund business fuels hopes for more deals
Business|Finance

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

(This Aug. 2 story has been corrected to read 'wanes for,' not 'hit by,' in the headline and to clarify that the 15% refers to those willing to increase their

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs
Business|Finance|Technology

Coinbase expects US to be crypto-friendly irrespective of election outcome

The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,

Coinbase expects US to be crypto-friendly irrespective of election outcome
Business|Economy|Finance

US equity fund inflows continued in week to July 31 amid rate cut hopes

Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an

US equity fund inflows continued in week to July 31 amid rate cut hopes
Economy|Europe|Finance

BoE's Pill says job not done on inflation, rates might not fall again soon

Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.

BoE's Pill says job not done on inflation, rates might not fall again soon
Business|Economy|Finance|Stock Markets|Technology

Tech-heavy Nasdaq in correction as equity selloff deepens

Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below

Tech-heavy Nasdaq in correction as equity selloff deepens
Election|Finance

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee

Democratic National Committee Chair Jaime Harrison says Vice President Kamala Harris has secured enough votes from party delegates to become the party's presidential nominee

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee
Business|Economy|Finance|News

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease

U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease
Economy|Europe|Finance|News

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll

Russia's central bank has no room to lower rates from 18% this year, a Reuters poll showed on Friday, with analysts forecasting inflation above the bank's 4% target in

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll
Business|Finance

Global equity funds attract sixth weekly inflow in a row

Global investors remained net buyers of equity funds for a sixth successive week through July 31, driven by expectations that the U.S.

Global equity funds attract sixth weekly inflow in a row
Economy|Finance|News

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Finance|Stock Markets|Technology

Snap shares plummet as weak outlook intensifies ad competition fears

Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business

Snap shares plummet as weak outlook intensifies ad competition fears

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