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

Finance

Finance|News|Political

US Treasury names acting senior sanctions official

Brad Smith, a veteran U.S. Treasury Department employee, will be acting under secretary for terrorism and financial intelligence, a U.S.

US Treasury names acting senior sanctions official
Business|Finance

LyondellBasell beats quarterly profit estimates, expects margins to improve

Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock

LyondellBasell beats quarterly profit estimates, expects margins to improve
Business|Finance

Genetic testing firm 23andMe rejects CEO's take-private offer

Genetic testing firm 23andMe will not go ahead with CEO Anne Wojcicki's take-private offer and has asked her to withdraw any plan to oppose any alternative deal, the company said on Friday.

Genetic testing firm 23andMe rejects CEO's take-private offer
Business|Finance

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious

Church & Dwight said on Friday it expects full-year sales and profit at the lower end of its previous forecast due to consumer hesitancy on spending for its higher-priced household and

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious
Business|Finance|Stock Markets

Cboe's quarterly profit beats estimates as investors crank up hedging activity

Cboe Global Markets reported higher-than-expected second-quarter profit on Friday, helped by strong growth in options trading, as geopolitical tensions and elevated interest rates prompted

Cboe's quarterly profit beats estimates as investors crank up hedging activity
Business|Economy|Finance

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production
Business|Europe|Finance

Europe's banks see biggest weekly selloff since March 2023

An index of European banks headed for its biggest weekly fall in 17 months on Friday, thanks to soft earnings earlier in the week and a global equity sell-off gathering pace.

Europe's banks see biggest weekly selloff since March 2023
Business|Finance|News

Exxon delivers $9.2 billion second-quarter profit, raises output target

Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil

Exxon delivers $9.2 billion second-quarter profit, raises output target
Business|Finance

Chevron earnings slide, Hess merger arbitration drags on

Chevron Corp on Friday posted sharply weaker second-quarter earnings and the oil major's CEO discounted the chance to close a $53 billion acquisition of

Chevron earnings slide, Hess merger arbitration drags on
Economy|Finance|News

Harris raised a massive $310 million in July, as she looks to reset November's race against Trump

Vice President Kamala Harris’ campaign has announced raising $310 million last month

Harris raised a massive $310 million in July, as she looks to reset November's race against Trump
Finance|Technology

Scam victims on Zelle rarely get their money back. A new bill could fix that

Scam victims on Zelle rarely get their money back. A new bill could fix that

Scam victims on Zelle rarely get their money back. A new bill could fix that
Business|Finance|Stock Markets

Walmart's low price promise in focus after Amazon's warning

Walmart's "Everyday Low Price" promise will be put to the test when it reports quarterly results, after rival Amazon.com's warning that customers

Walmart's low price promise in focus after Amazon's warning
Business|Economy|Finance|Technology

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money
Asia|Business|Economy|Finance

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic
Business|Economy|Finance|Stock Markets|Technology

Rethinking recession risks and AI, markets take fright

A look at the day ahead in U.S. and global markets from Mike Dolan August looks anxious already - as stock markets take fright at Big Tech earnings and start to reconsider 'hard landing' scenarios for

Rethinking recession risks and AI, markets take fright
Finance|News

Harris raises $310 million in July as campaign shakeup energizes donors

The Harris campaign announced on Friday that it raised $310 million in July, fueled by small-dollar donations that flowed into the war chest after President Joe Biden

Harris raises $310 million in July as campaign shakeup energizes donors
Business|Finance|Stock Markets

Stocks drop, Nasdaq confirms correction as recession fears mount

U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked

Stocks drop, Nasdaq confirms correction as recession fears mount
Africa|Economy|Finance

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister

Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday.

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister
Business|Economy|Finance|News

Fed rate cuts loom large as US job market slows sharply

U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job

Fed rate cuts loom large as US job market slows sharply
Business|Economy|Finance|Stock Markets

Global rate cuts? We're halfway there

Global stock markets tumbled on Monday at the start of another volatile week, as a so-far reasonably robust earnings season failed to offset fears of a U.S. recession and worries that

Global rate cuts? We're halfway there
Business|Economy|Finance|World

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says

Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and restore debt sustainability, the International Monetary Fund

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says
Business|Finance|Technology

Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a

Intel shares slump 26% as turnaround struggle deepens
Business|Europe|Finance|Stock Markets

European shares tumble as global equity rout amplifies

Europe's STOXX 600 fell close to 3% on Friday as global equity markets ran into turbulence after a U.S. jobs report exacerbated worries of an economic

European shares tumble as global equity rout amplifies
Business|Finance|Technology

Nvidia shares fall 2% in Frankfurt after media report of US probe

Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival

Nvidia shares fall 2% in Frankfurt after media report of US probe
Asia|Economy|Finance

China central bank adviser calls for greater stimulus, inflation goal

China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a "low inflation trap", a central bank policy

China central bank adviser calls for greater stimulus, inflation goal

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