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

Finance

Crime|Finance|Stock Markets

US indicts Andrew Left in $16 million stock market manipulation scheme

A federal grand jury has indicted prominent activist short seller Andrew Left on multiple counts of securities fraud for a long-running $16 million market manipulation scheme,

US indicts Andrew Left in $16 million stock market manipulation scheme
Business|Finance

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Asia|Business|Finance|Stock Markets

Chinese EV battery maker CATL posts faster profit growth in Q2

Chinese electric vehicle battery giant CATL recorded faster profit growth in the second quarter, even as EV demand slows in the world's largest auto market while geopolitical

Chinese EV battery maker CATL posts faster profit growth in Q2
Business|Finance

T Rowe Price's profit jumps on boost from market rally

Asset manager T Rowe Price reported an 11% jump in second-quarter adjusted profit on Friday, helped by a relentless market rally that has boosted the value of clients' investments and

T Rowe Price's profit jumps on boost from market rally
Economy|Finance

Treasury likely to keep most auction sizes steady for now

The U.S. Treasury Department is likely to announce next week that it will keep most of its coupon-bearing U.S.

Treasury likely to keep most auction sizes steady for now
Economy|Finance

Russian central bank sharply hikes rates to 18%, promises further tightening

Russia's central bank hiked its key interest rate by 200 basis points to 18% on Friday, the highest level in more than two years, and vowed to

Russian central bank sharply hikes rates to 18%, promises further tightening
Business|Entertainment|Finance

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global, CNBC reported on Friday.

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports
Business|Economy|Finance

Insurer Mapfre buoyed by US recovery and fewer natural disasters

Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States

Insurer Mapfre buoyed by US recovery and fewer natural disasters
Business|Economy|Finance|Stock Markets

3M shares soar as strong results highlight cost cuts, growth push

3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth

3M shares soar as strong results highlight cost cuts, growth push
Economy|Finance|Stock Markets

TSX adds to weekly winning streak in broad-based rally

Canada's main stock index notched broad-based gains on Friday to extend its weekly winning streak, as investors cheered U.S. inflation data that could clinch the start of

TSX adds to weekly winning streak in broad-based rally
Economy|Finance

Equities, bonds draw inflows in latest week, BofA report says

Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the U.S., Bank of America Global Research said, as investors brought forward expectations for

Equities, bonds draw inflows in latest week, BofA report says
Economy|Finance|Technology

Wall St closes up on revival supported by inflation data, tech stocks

Wall Street's major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data

Wall St closes up on revival supported by inflation data, tech stocks
Economy|Europe|Finance

ECB likely to cut rates in September, former central banker says

A September interest rate cut by the European Central Bank is "very possible", though its future policy will remain data-dependent, a former deputy governor of the

ECB likely to cut rates in September, former central banker says
Economy|Finance|Stock Markets

Stocks try to shake it off and rotate

A look at the day ahead in U.S. and global markets from Mike Dolan The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data

Stocks try to shake it off and rotate
Economy|Europe|Finance

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating

The European Bank for Reconstruction and Development's exposure to war-ravaged Ukraine does not pose a threat to its prized triple-A credit rating despite previous warnings from

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating
Asia|Business|Economy|Finance|Technology

China boosts financing support for smaller innovative tech companies

China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage

China boosts financing support for smaller innovative tech companies
Business|Economy|Finance|Technology

Spooked U.S. stock market faces tech earnings minefield, Fed meeting

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a

Spooked U.S. stock market faces tech earnings minefield, Fed meeting
Economy|Europe|Finance

ECB's cyber security test shows 'room for improvement' for banks

Euro zone banks have "room for improvement" in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on

ECB's cyber security test shows 'room for improvement' for banks
Economy|Finance

Scores on the doors for Big Tech

It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants

Scores on the doors for Big Tech
Economy|Finance

Turkey cenbank not even contemplating rate cuts now, deputy Akcay says

Turkey's central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and

Turkey cenbank not even contemplating rate cuts now, deputy Akcay says
Business|Economy|Europe|Finance

European shares end higher as earnings barrage impresses

European shares closed higher on Friday, boosted by an earnings-driven advance across several sectors including luxury, while global markets remained

European shares end higher as earnings barrage impresses
Asia|Economy|Finance|Stock Markets

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Business|Economy|Finance

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion

Britain's Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday.

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion
Economy|Finance

First Bank of England rate cut since 2020 hangs on knife edge

The Bank of England's first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken

First Bank of England rate cut since 2020 hangs on knife edge
Economy|Finance

Markets nervy of their own over-confidence :Mike Dolan

Often the scariest thing in markets is a rout without a trigger. People are still unsure about the precise cause of the October 1987 crash, for example.

Markets nervy of their own over-confidence :Mike Dolan

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