Today: November 21, 2024
Today: November 21, 2024

Finance

Business|Economy|Finance|Food

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Finance|Celebrity|Lifestyle

TikTok is a swamp of bad financial advice, and experts are fighting back

Money.ca profiles the influencers trying to share real financial advice in a sea of social media clickbait.

TikTok is a swamp of bad financial advice, and experts are fighting back
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Health

Healthcare executives expect more IPOs and corporate dealmaking in 2025

Healthcare executives and investors expect an uptick in initial public offerings and corporate dealmaking in 2025, with geopolitical tensions overtaking

Healthcare executives expect more IPOs and corporate dealmaking in 2025
Business|Economy|Finance|US

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. 

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Business|Economy|Europe|Finance

Italian lawmakers urge government to scale back crypto, web tax plans

Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a

Italian lawmakers urge government to scale back crypto, web tax plans
Business|Economy|Finance

Canada's annual inflation rate rises to 2% in October

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of

Canada's annual inflation rate rises to 2% in October
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Economy|Finance

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Environment|Finance|World

Beyond B-loans? Development banks seek private money for climate change fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change,

Beyond B-loans? Development banks seek private money for climate change fight
Economy|Finance

IMF deal would give Ukraine access to about $1.1 billion, Fund says

International Monetary Fund staff and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that

IMF deal would give Ukraine access to about $1.1 billion, Fund says
Business|Finance|US

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials
Business|Economy|Finance|Technology

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart
Business|Finance|US

Walmart heads into official start of holiday season with strong momentum after robust 3Q results

Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could

Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Business|Finance|Technology

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo
Business|Finance|US

Mantle Ridge nominates new board for Air Products, pushes for new CEO

Mantle Ridge has nominated nine directors to replace the board at Air Products and Chemicals, with the activist investor pushing the industrial gases maker

Mantle Ridge nominates new board for Air Products, pushes for new CEO
Business|Economy|Europe|Finance

Bank of England consults on post-Brexit market infrastructure rules

The Bank of England said on Tuesday it was launching a consultation on proposed, post-Brexit rules for clearing houses, payment system operators and other financial market

Bank of England consults on post-Brexit market infrastructure rules
Business|Economy|Finance|US

Treasuries pop on US Secretary race, Russia warning

A look at the day ahead in U.S. and global markets from Mike Dolan U.S.

Treasuries pop on US Secretary race, Russia warning
Business|Finance|Stock Markets|US

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs

Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand,

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
Business|Economy|Finance

German economy to stagnate as labour market cools, tariffs loom

The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country's central

German economy to stagnate as labour market cools, tariffs loom
Election|Finance|Technology|US

Cryptoverse: 'Elation' as bitcoin basks in Trump glow

Joe McCann was sitting in his Miami condo, eyes glued to screens flashing with bitcoin trades as the American election results rolled in.

Cryptoverse: 'Elation' as bitcoin basks in Trump glow
Americas|Business|Economy|Finance

Bank of Mexico flags more rate cuts due to progress on lowering inflation

The Bank of Mexico will likely be able to continue cutting its benchmark interest rate due to the progress made on bringing inflation down, bank governor

Bank of Mexico flags more rate cuts due to progress on lowering inflation
Business|Finance|US

Morgan Stanley courts employees of near-IPO companies for wealth management

Morgan Stanley is looking to add employees of startup companies as wealth management clients as U.S. investment banks prepare for a revival of initial public

Morgan Stanley courts employees of near-IPO companies for wealth management
Business|Finance|Stock Markets|Technology|US

Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options

Nvidia's options primed for $300-billion price swing after earnings
Asia|Business|Finance|Stock Markets

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says
Business|Europe|Finance|Technology

Aerospace firms urge more European collaboration ahead of Trump return

Aerospace companies urged European governments to bolster the autonomy of their defence and space industries and take a clear position on trade as the

Aerospace firms urge more European collaboration ahead of Trump return
Business|Economy|Finance

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual

The Bank of England's most recently appointed interest rate-setter Alan Taylor said the central bank's gradual approach to cutting borrowing costs was in line with recent market

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual
Europe|Finance

ECB's Panetta calls for lower rates, forward stance, guidance

The European Central Bank should return to a more forward-looking approach in setting monetary policy and provide more guidance on future moves now that post-pandemic shocks are

ECB's Panetta calls for lower rates, forward stance, guidance
Asia|Economy|Finance

Thailand to start second stage of stimulus programme in January

The second phase of Thailand's "digital wallet" handout scheme will be launched in January and distribute 40 billion baht ($1.16

Thailand to start second stage of stimulus programme in January
Asia|Business|Finance|Stock Markets|Technology

China's Xpeng says no impact from US curbs on its Turing AI chip output

Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S.

China's Xpeng says no impact from US curbs on its Turing AI chip output
Business|Economy|Europe|Finance|World

Rheinmetall aims for 20 billion euros in sales in 2027

Rheinmetall aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the

Rheinmetall aims for 20 billion euros in sales in 2027
Economy|Europe|Finance|World

Safe-haven assets rally after Russia updates nuclear doctrine

Safe-haven assets bounced sharply on Tuesday, after a warning from Russia over its updated nuclear doctrine that was aimed at making possible enemies aware of inevitable retaliation

Safe-haven assets rally after Russia updates nuclear doctrine
Business|Finance|Health|Science|US

Bayer acquires rights to Cytokinetics' heart drug in Japan

Bayer on Tuesday struck a collaboration deal with U.S. biotech firm Cytokinetics to acquire certain rights in Japan to an experimental heart drug, as the German group strengthens

Bayer acquires rights to Cytokinetics' heart drug in Japan
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Business|Economy|Finance

China expected to leave benchmark lending rates unchanged on Wednesday

China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan

China expected to leave benchmark lending rates unchanged on Wednesday
Business|Finance

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe
Asia|Finance|Stock Markets

Stock market today: Nvidia helps pull US indexes higher

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Stock market today: Nvidia helps pull US indexes higher
Business|Economy|Finance

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Asia|Business|Economy|Finance

IMF warns Asia retaliatory tariffs could undermine growth

The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat" tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains even

IMF warns Asia retaliatory tariffs could undermine growth
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Australia|Business|Finance|Stock Markets|US

Sayona Mining, Piedmont agree to create $623 million lithium miner

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and

Sayona Mining, Piedmont agree to create $623 million lithium miner
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Business|Economy|Finance

Australia central bank pondered scenarios for rate changes at Nov meeting

Australia's central bank said on Tuesday that there was no immediate need to change interest rates, having left them steady for a year now, but it was important to be ready

Australia central bank pondered scenarios for rate changes at Nov meeting
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Business|Finance|US

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs

Blackstone has agreed to buy Jersey Mike's Subs, the sandwich chain said on Tuesday, in a deal that a source said valued the company at around $8

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Business|Finance|Stock Markets

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows
Asia|Economy|Finance

South Korea pledges 45% increase in World Bank fund contribution

South Korean President Yoon Suk Yeol has pledged a 45% increase in the country's contribution to the World Bank's International Development Association fund to more than $600 million

South Korea pledges 45% increase in World Bank fund contribution
Business|Finance

Tackling estate planning in 7 basic steps

Estate planning is one of those tasks that makes almost any other job look appealing, no matter how lowly

Tackling estate planning in 7 basic steps
Business|Finance|Stock Markets|Technology

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
Business|Economy|Finance

BOJ to bid farewell to stimulus era, justify rate hikes in policy review

The Bank of Japan will release next month its findings on the pros and cons of the various unconventional monetary easing tools used in its 25-year battle with

BOJ to bid farewell to stimulus era, justify rate hikes in policy review
Asia|Finance

Seeking global steer, watching Fed pendulum swings

A look at the day ahead in Asian markets. 

Seeking global steer, watching Fed pendulum swings
Asia|Business|Crime|Finance|Stock Markets|US

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act

The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Finance|Stock Markets|US

ADM's Q3 earnings fall, report delayed after more accounting errors found

Global grain trader Archer-Daniels-Midland reported lower third-quarter profits on Monday due to weakness in its grain business, an announcement delayed by the need to correct

ADM's Q3 earnings fall, report delayed after more accounting errors found
Business|Economy|Finance|US

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
Business|Finance|Technology

Trump's social media group in talks to buy Bakkt, FT reports

Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, citing two people with knowledge of the talks.

Trump's social media group in talks to buy Bakkt, FT reports
Business|Finance|US

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million

A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million
Economy|Europe|Finance

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living

Prime Minister Kyriakos Mitsotakis says Greece is set to make an early repayment of 5 billion euros or $5.3 billion in bailout-era debt in 2025

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
Economy|Finance|US

Trump's treasury pick could give an indication of what he plans to do about tariffs

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration

Trump's treasury pick could give an indication of what he plans to do about tariffs
Business|Economy|Finance|Health|US

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say

Activist investor Ananym Capital Management is urging healthcare products distributor Henry Schein to refresh its board, cut costs, tackle succession

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say
Business|Economy|Finance|US

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job
Finance|Stock Markets|US

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500

Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Economy|Finance|US

US labor market still boosting inflation, San Francisco Fed economists say

A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San

US labor market still boosting inflation, San Francisco Fed economists say
Business|Europe|Finance

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe

Ex-Barclays CEO Jes Staley gave misleading answers to Britain's Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe
Americas|Business|Economy|Finance

Brazil's central bank chief says monetary policy tied to fiscal fears

Brazil's central bank chief, Roberto Campos Neto, said on Monday that monetary policy is being driven to some extent by fiscal policy as risk premiums on long-term

Brazil's central bank chief says monetary policy tied to fiscal fears
Business|Finance|US

Boeing to lay off over 2,500 workers in US as part of sweeping cuts

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings

Boeing to lay off over 2,500 workers in US as part of sweeping cuts
Business|Finance|Stock Markets|US

Ultra low-cost carrier Spirit Airlines files for bankruptcy

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt

Ultra low-cost carrier Spirit Airlines files for bankruptcy
Business|Election|Finance|US

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say

U.S.

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say
Economy|Finance

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%

Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said on Monday.

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%
Environment|Finance|US

Evian maker Danone defeats lawsuit over 'carbon neutral' claim

The maker of Evian spring water, Danone, won the dismissal of a lawsuit challenging its "carbon neutral" claim on bottles, as a U.S. judge reversed his earlier

Evian maker Danone defeats lawsuit over 'carbon neutral' claim
Africa|Economy|Election|Finance

Mauritius' new prime minister announces audit of public finances

The new prime minister of Mauritius has announced an audit of the public finances days after his coalition won a resounding election victory, casting a shadow over the accuracy

Mauritius' new prime minister announces audit of public finances
Business|Economy|Finance|Health|Stock Markets|US

CVS Health bulks its board up to 16 members, adds hedge fund CEO

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

CVS Health bulks its board up to 16 members, adds hedge fund CEO
Americas|Asia|Business|Economy|Finance

Brazil development bank signs deal with AIIB for nearly $3 billion in investments

Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais ($2.89 billion) in

Brazil development bank signs deal with AIIB for nearly $3 billion in investments
Business|Finance|Technology

Goldman Sachs looking to spin out its digital assets tech platform

Goldman Sachs said on Monday it is looking to spin out a blockchain-based technology platform designed to streamline institutional trading and reduce settlement times.

Goldman Sachs looking to spin out its digital assets tech platform
Economy|Finance

Russia's central bank says inflationary pressure remains high

Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank

Russia's central bank says inflationary pressure remains high
Business|Election|Finance|Technology|US

Tesla gains on report Trump's team planning federal self-driving vehicle regulations

Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for

Tesla gains on report Trump's team planning federal self-driving vehicle regulations
Business|Finance|Stock Markets|US

Walmart stock set for best year since 1999 as profits jump

Walmart shares are set for their best yearly gains in over two decades as the retail behemoth's low prices for everyday essentials give it an edge over competitors

Walmart stock set for best year since 1999 as profits jump
Business|Economy|Finance|US

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage

Insurance costs are rising quickly across much of the country. Hurricanes are part of the reason, but it’s the other perils common across the Midwest and Great Plains that complicate costs.

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage
Business|Economy|Finance

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving

Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
Asia|Business|Economy|Finance

Indian govt pushes back on key cenbank proposals fearing hit to credit growth

The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more funds for infrastructure projects and

Indian govt pushes back on key cenbank proposals fearing hit to credit growth
Americas|Economy|Finance

Brazil's government sees inflation within target band, unlike markets

Brazil's finance ministry raised its inflation forecasts for this year but expects inflation to remain within the official target band, in contrast to a more

Brazil's government sees inflation within target band, unlike markets
Asia|Business|Economy|Finance

India's economic growth needs more affordable interest rates, minister says

India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy

India's economic growth needs more affordable interest rates, minister says
Environment|Finance|Science|US|World

COP29: US-UAE climate-friendly farming partnership grows to $29 billion

Funding for a climate-friendly farming effort led by the U.S. and United Arab Emirates has reached $29.2 billion, the countries announced on Monday at the COP29 climate

COP29: US-UAE climate-friendly farming partnership grows to $29 billion
Business|Finance|Technology|US

US opens two new probes into Ford recalls after settlement

The National Highway Traffic Safety Administration said on Monday it has opened two new investigations into Ford recalls, the latest scrutiny by U.S.

US opens two new probes into Ford recalls after settlement
Business|Economy|Europe|Finance|Stock Markets

UK's FTSE 100 closes near one-week high, Melrose shines

UK's FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed

UK's FTSE 100 closes near one-week high, Melrose shines
Business|Economy|Finance|Health|Stock Markets|US

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround

CVS Health added Glenview Capital's top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround
Business|Economy|Europe|Finance|US

ECB's Makhlouf: Premature to make decisions based on new U.S. administration

European Central Bank policymaker Gabriel Makhlouf said it would be premature to start making decisions on what a new U.S. administration might do when asked if Donald Trump's

ECB's Makhlouf: Premature to make decisions based on new U.S. administration
Business|Finance|Stock Markets|US

Bruised Wall Street keeps wary eye on Nvidia

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and

Bruised Wall Street keeps wary eye on Nvidia
Business|Finance|Stock Markets|Technology|US

Nasdaq, S&P close higher as investors await Nvidia earnings

The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the

Nasdaq, S&P close higher as investors await Nvidia earnings
Business|Finance|Stock Markets|Technology

Nvidia's Blackwell revenue in focus as sales growth slows

Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and

Nvidia's Blackwell revenue in focus as sales growth slows
Business|Economy|Finance|US

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy
Americas|Economy|Finance

Venezuela depreciation risks reversing years of inflation gains

Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign

Venezuela depreciation risks reversing years of inflation gains
Finance|US

Sterling finds footing after hitting six-month low on Trump victory

The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump's victory in the U.S.

Sterling finds footing after hitting six-month low on Trump victory
Americas|Finance|Stock Markets

Argentina investors bet on Milei's popularity a year after his election

Investors who have been rewarded for

Argentina investors bet on Milei's popularity a year after his election
Business|Economy|Finance|US

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed

US no-frills pioneer Spirit Airlines files for bankruptcy protection
Economy|Finance

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah
Asia|Economy|Finance

China's January-October fiscal revenue falls 1.3% from a year earlier

China's fiscal revenue in the first 10 months of 2024 fell by 1.3% from a year earlier, narrowing from a 2.2% decline in the January-September period, the finance ministry data

China's January-October fiscal revenue falls 1.3% from a year earlier
Business|Economy|Finance

Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says

Ukraine's gross domestic product grew by 4.2% year-on-year from January to October fueled by expansion in the construction, transport and processing industries, the economy ministry

Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says
Economy|Europe|Finance

European shares stall as real estate stocks weigh

European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European

European shares stall as real estate stocks weigh
Australia|Business|Economy|Finance

RBA finds no evidence monetary policy is more potent in Australia than elsewhere

Australia's central bank has found no evidence that monetary policy is more potent in the country than elsewhere given households have ways to manage interest rate risks, even

RBA finds no evidence monetary policy is more potent in Australia than elsewhere
Business|Economy|Finance|Technology

India cenbank plans 2025 launch of cloud services, countering dominance of global firms

India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices,

India cenbank plans 2025 launch of cloud services, countering dominance of global firms
Economy|Environment|Finance|World

Negotiators are urged to get down to business as climate talks in Baku enter second week

United Nations climate talks resumed Monday with negotiators urged to make progress on a deal that could see developing countries get more money to spend on clean energy and adapting to climate-charged weather extremes

Negotiators are urged to get down to business as climate talks in Baku enter second week
Business|Finance

European oil giants step back from renewables path

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power.

European oil giants step back from renewables path
Australia|Business|Finance|Technology

Australia's competition watchdog begins review of Vocus-TPG $3.4 billion deal

Australia's competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus' A$5.25 billion ($3.39 billion) takeover of local telecom

Australia's competition watchdog begins review of Vocus-TPG $3.4 billion deal
Business|Economy|Europe|Finance|Stock Markets

BOJ open to tightening, mum on timing

A look at the day ahead in European and global markets from Wayne Cole.

BOJ open to tightening, mum on timing
Economy|Europe|Finance|Political

French farmers escalate protests against an EU-Mercosur trade deal and fear unfair competition

French farmers have escalated their protests against the EU-Mercosur trade agreement under negotiation

French farmers escalate protests against an EU-Mercosur trade deal and fear unfair competition
Asia|Business|Election|Finance

Stock market today: Wall Street rises following last week's slide

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

Stock market today: Wall Street rises following last week's slide
Economy|Election|Finance|Stock Markets|US

Headwinds hit Trump-fueled rally in US stocks

A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty

Headwinds hit Trump-fueled rally in US stocks
Asia|Business|Economy|Finance

Country Garden submits offshore debt restructuring plan to creditors, sources say

China's Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month and lowered its cash

Country Garden submits offshore debt restructuring plan to creditors, sources say
Asia|Business|Finance|Stock Markets

Shares rise, dollar falls as traders reassess rate-cut expectations

Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future

Shares rise, dollar falls as traders reassess rate-cut expectations
Business|Economy|Europe|Finance|World

Oil prices rise over 3% on Sverdrup outage, Ukraine war escalation

Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been

Oil prices rise over 3% on Sverdrup outage, Ukraine war escalation
Business|Economy|Election|Finance|Political|US

Trump adds more Treasury secretary candidates, media reports

President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York

Trump adds more Treasury secretary candidates, media reports
Asia|Business|Economy|Finance

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table

Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table
Business|Finance|Stock Markets

Alibaba aims to raise $5 billion in dual currency bond deal, sources say

China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with

Alibaba aims to raise $5 billion in dual currency bond deal, sources say
Business|Economy|Finance|Stock Markets|US

Dollar strengthens against yen on Bank of Japan's hike uncertainty

The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was

Dollar strengthens against yen on Bank of Japan's hike uncertainty
Australia|Business|Economy|Finance

Australia regulator sues NAB for ignoring hardship application deadlines

Australia's corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank, the country's second-largest lender, for failing to respond to hundreds of

Australia regulator sues NAB for ignoring hardship application deadlines
Asia|Business|Finance|Stock Markets

EM conditions tighten, outflows heighten

A look at the day ahead in Asian markets. 

EM conditions tighten, outflows heighten
Asia|Business|Economy|Finance

Philippines launches interest rate swaps market to boost bond liquidity

The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and

Philippines launches interest rate swaps market to boost bond liquidity
Asia|Business|Economy|Finance|World

Pakistan discusses $7 billion bailout reform agenda with IMF in unusual talks

Pakistan discussed its $7 billion bailout reform agenda with the International Monetary Fund during an unscheduled staff visit last week, Finance Minister

Pakistan discusses $7 billion bailout reform agenda with IMF in unusual talks
Business|Economy|Finance|Stock Markets|US

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.

Most Gulf markets fall on Fed rate cut concerns
Business|Finance|Technology|US

The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment

The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment

The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
Business|Economy|Finance|US

Boeing issues layoff notices to 400-plus workers as it begins drastic cuts

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union

Boeing issues layoff notices to 400-plus workers as it begins drastic cuts
Business|Economy|Finance|Technology

Elon Musk wants Trump to disrupt Wall Street with his Treasury pick

Elon Musk wants Trump to disrupt Wall Street with his Treasury pick

Elon Musk wants Trump to disrupt Wall Street with his Treasury pick
Business|Election|Finance|US

Trump names fossil fuel executive Chris Wright as energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary after his second administration begins in January

Trump names fossil fuel executive Chris Wright as energy secretary
Business|Economy|Election|Finance|US

Trump made a lot of tax promises. Can he keep them?

Trump made a lot of tax promises. Can he keep them?

Trump made a lot of tax promises. Can he keep them?
Election|Finance|US

Kamala Harris raised $1 billion-plus in defeat. She's still sending persistent appeals to donors

Kamala Harris and the Democratic Party’s prodigious fundraising operation raised more than $1 billion in her loss to Donald Trump, but the vice president is still pushing donors for more money after the election

Kamala Harris raised $1 billion-plus in defeat. She's still sending persistent appeals to donors
Business|Economy|Finance|Technology

If you haven’t been car shopping in a while, brace yourself

If you haven’t been car shopping in a while, brace yourself

If you haven’t been car shopping in a while, brace yourself
Business|Economy|Finance|US

7 ways a Trump administration could affect your finances

7 ways a Trump administration could affect your finances

7 ways a Trump administration could affect your finances
Business|Europe|Finance

Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award

Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says
Economy|Environment|Finance|World

Protesters gather at UN climate talks in global day of action as progress on a deal slows

Hundreds of activists formed a human chain outside one of the main plenary halls at the United Nations climate summit on what is traditionally their biggest protest day during the two-week talks

Protesters gather at UN climate talks in global day of action as progress on a deal slows
Economy|Finance

IMF, Pakistan wrap up unscheduled talks on $7 billion bailout

The International Monetary Fund (IMF) said on Friday it held constructive talks with authorities in Pakistan on economic policy and reform efforts to reduce vulnerabilities

IMF, Pakistan wrap up unscheduled talks on $7 billion bailout
Business|Economy|Finance|Stock Markets|US

Archegos' Bill Hwang deserves 21 years in prison, US says

Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion

Archegos' Bill Hwang deserves 21 years in prison, US says
Business|Finance|Sports

Bills' new stadium costs balloon to $2.1 billion, $560 million over initial estimate, team tells AP

The projected cost of the Buffalo Bills' new stadium has ballooned to what team officials told The Associated Press is “north of $2_1 billion.”

Bills' new stadium costs balloon to $2.1 billion, $560 million over initial estimate, team tells AP
Africa|Economy|Finance|Stock Markets

S&P revises South Africa's outlook to positive on better reforms, growth potential

Ratings agency S&P revised South Africa's outlook to "positive" from "stable" on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup

S&P revises South Africa's outlook to positive on better reforms, growth potential
Business|Finance|US

Fitch downgrades Spirit Airlines' long-term credit rating

Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-

Fitch downgrades Spirit Airlines' long-term credit rating
Business|Economy|Finance

S&P revises Ireland's outlook on Apple back-tax boost; Fitch affirms ratings

S&P Global Ratings revised Ireland's outlook to "positive" from "stable" on Friday, citing extraordinary overperformance in corporate tax receipt collections, while peer agency Fitch

S&P revises Ireland's outlook on Apple back-tax boost; Fitch affirms ratings
Business|Economy|Finance|US

Judge blocks Biden administration's rule to expand overtime pay for millions

A federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand federal overtime eligibility for salaried workers

Judge blocks Biden administration's rule to expand overtime pay for millions
Business|Election|Finance|Technology|US

In El Salvador, crypto investors cheer Trump-powered Bitcoin rally

Bitcoin enthusiasts meeting in El Salvador on Friday said a recent surge in the cryptocurrency's value since Donald Trump's U.S. election

In El Salvador, crypto investors cheer Trump-powered Bitcoin rally
Business|Finance|Stock Markets|US

Major Trump Media shareholder sells nearly entire stake

Trump Media & Technology Group's key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.

Major Trump Media shareholder sells nearly entire stake
Business|Finance|Political|Stock Markets|US

Musk's political ascendancy stirs hopes of redemption for X banks

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire's

Musk's political ascendancy stirs hopes of redemption for X banks
Americas|Economy|Finance

Mexico budget proposal trims 2025 deficit, sees better growth

Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez de la

Mexico budget proposal trims 2025 deficit, sees better growth
Business|Europe|Finance|US

Intrum files for bankruptcy in US to restructure $4.5 billion debt pile

Intrum, Europe's biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt.

Intrum files for bankruptcy in US to restructure $4.5 billion debt pile
Business|Finance|Stock Markets|US

US defense shares, government contractors fall after Trump efficiency picks

Shares of defense companies and government contractors were lower on Friday, extending recent losses amid uncertainty surrounding President-elect Donald Trump's proposed

US defense shares, government contractors fall after Trump efficiency picks
Business|Finance|US

Millennium, Capula, Tudor pile bitcoin ETFs into portfolios

Hedge funds including Millennium Management, Capula Management and Tudor Investment increased their exposure to U.S. spot bitcoin exchange-traded funds in the

Millennium, Capula, Tudor pile bitcoin ETFs into portfolios
Business|Economy|Environment|Finance|Technology|US

New York judge rejects state efforts to shutter bitcoin mine over climate concerns

A New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions

New York judge rejects state efforts to shutter bitcoin mine over climate concerns
Business|Economy|Finance|US

Fed's Goolsbee sees another 125 bps of rate cuts by end-2025

Federal Reserve Bank of Chicago President Austan Goolsbee on Friday signaled he feels the U.S. central bank will likely end up cutting the policy rate by another quarter of a percentage

Fed's Goolsbee sees another 125 bps of rate cuts by end-2025
Business|Economy|Finance|Technology|US

Company announces nearly $712 million project in Kentucky to make batteries used to store energy

A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy

Company announces nearly $712 million project in Kentucky to make batteries used to store energy
Business|Finance|Stock Markets|Technology|US

Nvidia results in focus as stock market's election boost stalls

Nvidia Corp's results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and

Nvidia results in focus as stock market's election boost stalls
Business|Economy|Environment|Finance|Technology|US

EV companies, battery makers urge Trump not to kill vehicle tax credits

A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric

EV companies, battery makers urge Trump not to kill vehicle tax credits
Business|Finance|Stock Markets|US

Compass Minerals attracts takeover interest from buyout firms, sources say

Compass Minerals is in talks with private-equity firms to sell itself, three sources familiar with the matter said, after an aborted lithium-mining

Compass Minerals attracts takeover interest from buyout firms, sources say
Business|Economy|Finance

Mexico to extend $6.7 billion to cover oil producer Pemex's debt in 2025

The Mexican government expects to transfer 136 billion pesos ($6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet its debt and loan

Mexico to extend $6.7 billion to cover oil producer Pemex's debt in 2025
Business|Economy|Finance|Technology|US

Amazon, SpaceX will test US labor board's powers at conservative appeals court

A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Amazon.com and Elon Musk's SpaceX in a

Amazon, SpaceX will test US labor board's powers at conservative appeals court
Business|Economy|Finance|US

Fox Business host Larry Kudlow rules out top Trump economic job

Larry Kudlow has no plans to leave his broadcast job, Fox Business said on Friday, after various reports circulated that he might take back his old position as a senior economic adviser in

Fox Business host Larry Kudlow rules out top Trump economic job
Business|Economy|Finance|US

Strong US data feeds doubts about Fed December rate cut

Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as

Strong US data feeds doubts about Fed December rate cut
Business|Finance|Stock Markets|US

Elliott's $5 billion Honeywell gambit: would a split pay off?

Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered by big names such as 3M, General

Elliott's $5 billion Honeywell gambit: would a split pay off?
Business|Finance|Technology

Musk expands lawsuit against OpenAI, adding Microsoft and antitrust claims

Billionaire entrepreneur Elon Musk expanded his lawsuit against ChatGPT maker OpenAI, adding federal antitrust and other claims and adding OpenAI's largest financial

Musk expands lawsuit against OpenAI, adding Microsoft and antitrust claims
Business|Finance|Stock Markets|Technology

Palantir shares rally to fresh record on plans for move to Nasdaq

Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects

Palantir shares rally to fresh record on plans for move to Nasdaq
Business|Economy|Finance|US

US business inventories rise less than expectated in September

U.S. business inventories increased less than expected in September as a rise in stocks at retailers was partially offset by declines at manufacturers and wholesalers.

US business inventories rise less than expectated in September
Economy|Finance

Tunisia's economy grew by 1.8% y/y in third quarter

Tunisia's economy grew by 1.8% year-on-year in third quarter of 2024, driven by the growth of the agricultural sector, the country's statistics institute said on Friday.

Tunisia's economy grew by 1.8% y/y in third quarter
Americas|Business|Economy|Finance

Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt

Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”

Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt
Business|Finance|Technology

Lawsuit claiming Elon Musk rigged dogecoin ends

A lawsuit accusing Elon Musk of rigging dogecoin is ending.

Lawsuit claiming Elon Musk rigged dogecoin ends
Business|Economy|Finance

EM stocks see largest foreign monthly outflow since 2020, bonds hang on

Foreign investors sold out of emerging market stocks in October by the most since the COVID-19 market sell-off in early 2020, but inflows to EM bonds and debt more than

EM stocks see largest foreign monthly outflow since 2020, bonds hang on
Business|Finance|Technology|US

Northvolt has considered US bankruptcy protection, sources say

Swedish battery maker Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped

Northvolt has considered US bankruptcy protection, sources say
Business|Finance|Technology

Ambani's Reliance asks India to review reach of Musk's Starlink, Amazon

Billionaire Mukesh Ambani's Reliance has asked India's telecom regulator to review the potential reach of Elon Musk's Starlink and Amazon's

Ambani's Reliance asks India to review reach of Musk's Starlink, Amazon
Business|Europe|Finance

JPMorgan weighs London HQ options as it outgrows Canary Wharf tower, sources say

JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London's Canary Wharf

JPMorgan weighs London HQ options as it outgrows Canary Wharf tower, sources say
Business|Economy|Finance|Stock Markets

Russia's Sovcomflot blames earnings drop on Western sanctions

Russia's leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core

Russia's Sovcomflot blames earnings drop on Western sanctions
Business|Economy|Finance

Canadian home sales jump 7.7% in October

Canadian home sales rose 7.7% in October from the previous month and were up 30% on an annual basis, adding to the rise in activity since the Bank of Canada began cutting interest

Canadian home sales jump 7.7% in October
Finance|Technology|US

Fed's Collins says tech changes can improve financial system

Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system.

Fed's Collins says tech changes can improve financial system
Business|Economy|Finance

Canada September factory sales down 0.5% on petroleum, aircraft

Canadian factory sales fell by 0.5% in September from August on lower sales of petroleum and coal products, as well as aerospace product and parts, Statistics Canada said on Friday.

Canada September factory sales down 0.5% on petroleum, aircraft
Economy|Finance|US

US import prices unexpectedly rise in October

U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack of progress lowering inflation in recent months.

US import prices unexpectedly rise in October
Business|Economy|Finance

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
Business|Finance|Technology

Musk's SpaceX preparing to launch tender offer in Dec at $135/share, sources say

Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, two sources familiar with the matter

Musk's SpaceX preparing to launch tender offer in Dec at $135/share, sources say
Finance|Stock Markets|Technology|US

Bitcoin rises above $90,000 on Trump euphoria

Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S.

Bitcoin rises above $90,000 on Trump euphoria
Business|Economy|Finance|US

Retail sales up solidly in October as Americans showed continued willingness to spend

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth

Retail sales up solidly in October as Americans showed continued willingness to spend
Economy|Europe|Finance

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission
Americas|Business|Finance

Moody's downgrades Mexico outlook to negative citing institutional weakness

Mexico's outlook was moved to negative from stable by Moody's Ratings on Thursday, as the major credit rating agency pointed to institutional and policy weakening that risks

Moody's downgrades Mexico outlook to negative citing institutional weakness
Business|Economy|Finance

UK inflation worries tick up after big-spending budget and Trump win

Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S.

UK inflation worries tick up after big-spending budget and Trump win
Business|Economy|Europe|Finance

Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council

Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for

Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council
Asia|Business|Economy|Finance|Stock Markets|Technology|US

China's Alibaba misses quarterly revenue estimates, beats on profit

Alibaba Group Holding missed analysts' estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in

China's Alibaba misses quarterly revenue estimates, beats on profit
Economy|Finance

Sterling heads for worst weekly performance since January

The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from

Sterling heads for worst weekly performance since January
Business|Economy|Europe|Finance|Stock Markets

FTSE 100 slips as pharma stocks weigh

The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain's economy contracted unexpectedly in September.

FTSE 100 slips as pharma stocks weigh
Economy|Finance|US

Fed draws veil over post-election easing

A look at the day ahead in U.S. and global markets from Mike Dolan Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal

Fed draws veil over post-election easing
Business|Economy|Finance|Stock Markets|US

Wall St sinks on Powell rate-cut caution, Trump cabinet picks

Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns

Wall St sinks on Powell rate-cut caution, Trump cabinet picks
Business|Economy|Finance|US

Boston Fed president says December rate cut not a 'done deal', WSJ reports

Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".

Boston Fed president says December rate cut not a 'done deal', WSJ reports
Business|Economy|Europe|Finance|US

US protectionism would be extremely harmful to US and Europe, says EU Commission

Increased protectionism of U.S. trade policy would be extremely harmful to both the United States and to Europe, European Economic Commissioner Paolo Gentiloni said on Friday.

US protectionism would be extremely harmful to US and Europe, says EU Commission
Asia|Business|Finance|Stock Markets|Technology

KKR raises tender offer price for Fuji Soft acquisition

Private equity firm KKR has raised its tender offer price for Fuji Soft by 7% to 9,451 yen ($60.86) a share, the Japanese software developer said on Friday, narrowly surpassing a

KKR raises tender offer price for Fuji Soft acquisition
Economy|Finance|Stock Markets|US

Global equity funds see biggest weekly inflows in over a decade

Global equity funds saw the largest weekly net purchases in over a decade in the week to Nov. 13, driven by investor optimism that a decisive second-term mandate for Donald Trump would

Global equity funds see biggest weekly inflows in over a decade
Economy|Election|Finance|US

Citigroup warns Trump's policies may slow growth in emerging markets

Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump's recent victory in the U.S. presidential election, despite

Citigroup warns Trump's policies may slow growth in emerging markets
Business|Economy|Finance|US

Investors circle the Trump trade's global market victims

Big global investors are exiting popular trades that bet on U.S.

Investors circle the Trump trade's global market victims
Europe|Finance

EU Commission sees euro zone economy picking up, warns of US protectionism

Euro zone economic growth will pick up in 2025 and 2026 and inflation will slow, the European Commission forecast on Friday, but warned a protectionist U.S.

EU Commission sees euro zone economy picking up, warns of US protectionism
Business|Finance|Stock Markets|Technology

Samsung Electronics plans $7.2 billion buyback after share price plunges

Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year

Samsung Electronics plans $7.2 billion buyback after share price plunges
Business|Economy|Finance|US

No 401(k)? An alternative has helped US workers save more than $1.7 billion

No 401(k)? An alternative has helped US workers save more than $1.7 billion

No 401(k)? An alternative has helped US workers save more than $1.7 billion
Business|Election|Finance|Stock Markets

Crypto bulls and euro bears

Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Donald Trump's U.S. presidential election win, with

Crypto bulls and euro bears
Business|Europe|Finance|Health|Stock Markets|Technology

European shares end lower on US rate, Trump jitters

Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S.

European shares end lower on US rate, Trump jitters
Environment|Finance|World

Fragile countries make $20 billion climate finance push at COP29, letter says

A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat the natural disaster and

Fragile countries make $20 billion climate finance push at COP29, letter says
Business|Election|Finance|Health|Stock Markets|US

Drugmaker stocks slide as Trump taps vaccine skeptic RFK Jr for US health job

Shares of major U.S. drugmakers fell on Friday after President-elect Donald Trump picked anti-vaccine activist Robert F.

Drugmaker stocks slide as Trump taps vaccine skeptic RFK Jr for US health job
Economy|Finance

UK economy contracts in September in blow to Reeves' growth push

Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday, an early set back for finance minister

UK economy contracts in September in blow to Reeves' growth push
Americas|Asia|Business|Election|Finance|US

Most Asian bonds faced foreign outflows in Oct on US election jitters

Foreigners sold off most Asia ex-China bond markets in October as they were cautious ahead of the U.S. presidential election.

Most Asian bonds faced foreign outflows in Oct on US election jitters
Business|Election|Finance|Stock Markets|US

Traders chase post-election stock gains in US options market

Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and

Traders chase post-election stock gains in US options market
Asia|Business|Europe|Finance|Stock Markets

Chinese consumers spend more, just not on property

A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond forecasts after a

Chinese consumers spend more, just not on property
Business|Finance|Health|US

Lilly sues US agency over blocking of drug-rebate program

Eli Lilly said on Thursday it sued the federal Health Resources and Services Administration (HRSA) over allegedly blocking the company's plan to change the way it offers drug discounts to

Lilly sues US agency over blocking of drug-rebate program
Asia|Economy|Finance

Japan October inflation likely eased, exports picked up - Reuters poll

Japan's core consumer inflation likely cooled for the second straight month in October on slower growth in energy prices, a Reuters poll showed on Friday.

Japan October inflation likely eased, exports picked up - Reuters poll
Business|Economy|Finance

New alumina supplies in 2025 poised to rupture record price rally

New capacity for converting bauxite into alumina due online next year is set to ease tight supplies and potentially halt a record-breaking price

New alumina supplies in 2025 poised to rupture record price rally
Asia|Business|Economy|Finance

Malaysia's economy loses steam in Q3 on lower oil, gas output:

Malaysia's economic growth slowed in the third quarter - after reaching an 18-month high in the previous quarter - as a drop in oil and gas output offset a

Malaysia's economy loses steam in Q3 on lower oil, gas output:
Americas|Business|Economy|Finance|World

Canada's labour board orders operations to resume at Montreal port

Canada's Industrial Relations Board (CIRB) ordered a resumption of operations at the Port of Montreal from Saturday morning, the port's employers association said, after the federal

Canada's labour board orders operations to resume at Montreal port
Asia|Economy|Finance

Indonesia's exports, imports beat forecasts, trade surplus less than expected

Indonesia reported stronger-than-expected export and import growth in October, amid strong agriculture shipments, official data showed on

Indonesia's exports, imports beat forecasts, trade surplus less than expected
Asia|Business|Economy|Finance|Stock Markets|World

China's Oct data shows soft economic underbelly, Trump threat looms large

China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though

China's Oct data shows soft economic underbelly, Trump threat looms large
Asia|Business|Economy|Finance

China's property investment falls 10.3% y/y in Jan-Oct

China's property investment fell at a faster pace from January to October but sales narrowed the slump, showing policy stimulus is starting to inject

China's property investment falls 10.3% y/y in Jan-Oct
Asia|Business|Economy|Finance

China's home prices fall fastest in 9 years, but officials see signs of stabilisation

China's new home prices fell the most year-on-year in October since 2015, but a narrowing monthly rate of declines suggested the property sector was

China's home prices fall fastest in 9 years, but officials see signs of stabilisation
Business|Economy|Finance

Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut

Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S.

Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut
Asia|Business|Economy|Finance

BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech

Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya on Monday, the BOJ said, an event that will be

BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech
Economy|Finance|US

Global stocks drop as Fed signals slower pace of rate cuts

A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S.

Global stocks drop as Fed signals slower pace of rate cuts
Business|Finance|Technology|US

GM self-driving unit Cruise admits to submitting false report, will pay $500,000 fine

General Motors' self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 criminal

GM self-driving unit Cruise admits to submitting false report, will pay $500,000 fine
Economy|Finance|US

Dollar notches weekly gain as traders reassess rate cut expectations

The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate

Dollar notches weekly gain as traders reassess rate cut expectations
Asia|Business|Finance|Stock Markets|US

Nissan shares surge after report activist investor Oasis has stake

Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan's Diamond Online magazine reported that activist investor Oasis Management had taken a stake in

Nissan shares surge after report activist investor Oasis has stake

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