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

Finance

Business|Economy|Finance

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs

Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
Economy|Finance

Canada's capital gains tax target falls short by C$2 billion, says budget officer

Canadian federal government's target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on

Canada's capital gains tax target falls short by C$2 billion, says budget officer
Business|Economy|Finance

MP Materials loss steeper than expected on low rare earths prices

U.S. rare earths producer MP Materials on Thursday reported a steeper-than-expected second-quarter loss due to falling prices for the strategic minerals and operational challenges, although

MP Materials loss steeper than expected on low rare earths prices
Business|Economy|Finance|Stock Markets|Technology

Amazon reports boost in quarterly profits but misses revenue estimates

Amazon has reported a boost in its quarterly profits, but the company missed revenue estimates, sending its stock lower in after-hours trading

Amazon reports boost in quarterly profits but misses revenue estimates
Business|Finance|Health

Vertex Pharma raises annual revenue forecast on strong demand for its cystic fibrosis treatments

Vertex Pharmaceuticals raised its annual revenue forecast on Thursday, betting on robust demand for its cystic fibrosis (CF) treatments.

Vertex Pharma raises annual revenue forecast on strong demand for its cystic fibrosis treatments
Business|Economy|Finance|Technology

Amazon says consumers cautious, forecasts revenue below Wall Street targets

Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases,

Amazon says consumers cautious, forecasts revenue below Wall Street targets
Economy|Finance|Stock Markets

Wall Street slides after weak data kills early rally

The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred

Wall Street slides after weak data kills early rally
Economy|Finance|Stock Markets|Technology

Chip index collapses 7% as Arm punctures AI optimism

U.S. chip stocks plummeted on Thursday in their worst day since 2020 after a conservative forecast from Arm Holdings dampened investor optimism about artificial

Chip index collapses 7% as Arm punctures AI optimism
Business|Economy|Finance

BNP Paribas in talks to buy AXA Investment Managers for 5.1 billion euros

BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion),

BNP Paribas in talks to buy AXA Investment Managers for 5.1 billion euros
Economy|Finance

Central banks are turning the ship, but their path is unclear

Decisions by major central banks this week brought the end of pandemic-era monetary policy into closer view, but also highlighted

Central banks are turning the ship, but their path is unclear
Economy|Finance

US 30-year mortgage slides to lowest since February, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of

US 30-year mortgage slides to lowest since February, Freddie Mac says
Economy|Europe|Finance

Bank of England rate cut boosts comeback factor for UK markets

Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England's move to cut interest rates from a 16-

Bank of England rate cut boosts comeback factor for UK markets
Business|Economy|Finance

Leisure vehicle makers feel the heat this summer as big-ticket spending cools

Makers of ATVs, boats and other recreational vehicles are staring at a bleak summer as caution around big-ticket purchases amid high interest rates has dashed hopes of a

Leisure vehicle makers feel the heat this summer as big-ticket spending cools
Economy|Finance|News

Reaction to major East-West prisoner swap

Here is international reaction to Thursday's East-West prisoner exchange: WALL STREET JOURNAL Wall Street Journal editor Emma Tucker, whose correspondent Evan Gershkovich was included in

Reaction to major East-West prisoner swap
Economy|Finance

U.S. Treasury futures in unchartered waters as Fed cuts loom: McGeever

As the first U.S. interest rate cut in this cycle draws closer, long and short positions in the Treasury futures market, and overnight repo lending

U.S. Treasury futures in unchartered waters as Fed cuts loom: McGeever
Business|Economy|Finance|News|Stock Markets

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Dow closes nearly 500 points lower as investors fear the US economy is faltering
Finance

Are 401(k) matching contributions all they are cracked up to be?

When you are saving for retirement in a 401(k)

Are 401(k) matching contributions all they are cracked up to be?
Economy|Finance

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
Economy|Finance

German finance ministry advisory board doubtful about efforts to reduce budget gap

The advisory board to the German Finance Ministry sees the three options under consideration to reduce a 17 billion euro ($18 billion) budget shortfall as

German finance ministry advisory board doubtful about efforts to reduce budget gap
Business|Economy|Europe|Finance

UK firms scale back expected wage growth, BoE survey shows

British businesses' expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England

UK firms scale back expected wage growth, BoE survey shows
Business|Finance|Stock Markets|Technology

Tech giants faced major market cap drop in July on earnings worries

Global mega tech companies' market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift

Tech giants faced major market cap drop in July on earnings worries
Economy|Finance

Canada cuts, BoJ and Russia hike as other cenbanks dither in July

The Bank of Japan hiked its key interest rate for just the second time since 2007 and the Bank of Canada cut rates for the second month in a row,

Canada cuts, BoJ and Russia hike as other cenbanks dither in July
Business|Finance

3M appoints Otis executive Maheshwari as its new CFO

Industrial giant 3M Co on Thursday appointed elevator maker Otis Worldwide executive Anurag Maheshwari as its chief financial officer, succeeding Monish Patolawala, who was in the role for

3M appoints Otis executive Maheshwari as its new CFO
Business|Finance|Technology

AI chipmaker Cerebras confidentially files for US IPO

Artificial intelligence chipmaker Cerebras Systems has confidentially filed for an initial public offering in the United States as it prepares to challenge industry heavyweight Nvidia.

AI chipmaker Cerebras confidentially files for US IPO
Business|Economy|Finance|Stock Markets

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up

Cummins raises full-year outlook as demand picks up steam

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