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

Finance

Business|Finance|Stock Markets

Newmont beats profit estimates on higher gold production

Newmont Corp beat Wall Street estimates for second-quarter profit on Wednesday, as the world's biggest gold miner benefited from robust production and higher prices.

Newmont beats profit estimates on higher gold production
Business|Economy|Finance

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Business|Economy|Finance|Stock Markets|Technology

Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street

Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street

Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street
Business|Finance|Stock Markets

KKR-backed OneStream surges in market debut

Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at

KKR-backed OneStream surges in market debut
Economy|Finance

Bank of England unveils new stability tool to soothe gilt market ructions

The Bank of England on Wednesday set out details of a new financial stability tool that insurers and pension funds will be able to use during severe turbulence in the British

Bank of England unveils new stability tool to soothe gilt market ructions
Business|Economy|Finance

Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms

A pick up in intermodal and vehicle shipment volumes combined with higher pricing are expected to blunt the impact from slowing coal demand on second-quarter earnings for

Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms
Economy|Finance|News

US new home sales fall to seven-month low in June

Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery

US new home sales fall to seven-month low in June
Economy|Europe|Finance

ECB scrutinises geopolitical risks for banks after Russia 'lesson'

The European Central Bank's top banking supervisor said on Wednesday she was working on a new framework for assessing how geopolitical risks impact banks, drawing

ECB scrutinises geopolitical risks for banks after Russia 'lesson'
Economy|Finance

Japan's novel FX intervention throws off investors

Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in Tokyo have

Japan's novel FX intervention throws off investors
Economy|Finance

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Business|Finance|Stock Markets

Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand

Lamb Weston forecast its annual sales and profit below analysts' expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shares plunging

Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand
Business|Economy|Europe|Finance

Euro zone banks see investment banking boost but outlook stalls shares

The euro zone's biggest banks largely beat second quarter earnings expectations on Wednesday, benefiting from still-high

Euro zone banks see investment banking boost but outlook stalls shares
Economy|Finance

Bank of Canada trims 2024 growth forecast, sees inflation hitting target in 2nd half of 2025

The Bank of Canada on Wednesday trimmed its growth forecast for 2024, citing lower consumption, and reiterated that it expected inflation to return sustainably to its 2%

Bank of Canada trims 2024 growth forecast, sees inflation hitting target in 2nd half of 2025
Business|Finance|Stock Markets|Technology

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost

Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost
Economy|Finance

UK data watchdog blocks naming of banks which lost COVID loan guarantees

Britain's information watchdog has rejected a Reuters appeal to identify lenders who have lost or surrendered state guarantees on millions of

UK data watchdog blocks naming of banks which lost COVID loan guarantees
Economy|Finance

QUOTES: Bank of England policymakers split on when to cut rates

Bank of England Chief Economist Huw Pill said earlier this month that it was an open question whether the BoE would cut interest rates on Aug. 1, despite inflation returning to its

QUOTES: Bank of England policymakers split on when to cut rates
Business|Economy|Finance

Otis cuts annual sales view on slowdown in construction activity in China, US

Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China.

Otis cuts annual sales view on slowdown in construction activity in China, US
Economy|Finance

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll

The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll
Business|Economy|Finance

Utility NextEra reports Q2 profit miss as segment sales slide

NextEra Energy on Wednesday reported a lower-than-expected profit in the second quarter, partly hurt by lower segment sales and higher interest rates.

Utility NextEra reports Q2 profit miss as segment sales slide
Business|Finance|Technology

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation

Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital,

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation
Business|Economy|Finance

Exchange operator CME's profit beats estimates on record trading volumes

CME Group on Wednesday beat analyst estimates for its second-quarter profit, as the exchange operator notched record trading volumes, with investors rushing to manage

Exchange operator CME's profit beats estimates on record trading volumes
Crime|Finance|Technology

Meta takes down thousands of Facebook, Instagram accounts running sextortion scams from Nigeria

Meta says it has removed about 63,000 Instagram accounts engaging in sexual extortion scams

Meta takes down thousands of Facebook, Instagram accounts running sextortion scams from Nigeria
Business|Economy|Finance

Visa's revenue miss prompts caution on Wall Street

Visa's underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing

Visa's revenue miss prompts caution on Wall Street
Americas|Business|Economy|Finance

IDB and Brazil's public banks to launch Amazon ETF, say sources

The Inter-American Development Bank (IDB) and Brazil's public banks will announce on Thursday the development of an exchange-traded fund (ETF) focused on

IDB and Brazil's public banks to launch Amazon ETF, say sources
Asia|Economy|Finance

Japan to resume funding for stalled projects in Sri Lanka, envoy says

Japan will resume funding for all stalled projects in Sri Lanka, Tokyo's envoy there said on Wednesday, the first such announcement since the island nation

Japan to resume funding for stalled projects in Sri Lanka, envoy says

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