Today: September 19, 2024
Today: September 19, 2024

Stock Markets

Business|Finance|Stock Markets

Nordstrom founders offer $23 per share to take department store private

Nordstrom's founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a

Nordstrom founders offer $23 per share to take department store private
Business|Economy|Finance|Stock Markets

FTSE 100 dips on declines in personal goods and homebuilders

Britain's main stock index ended lower on Wednesday, led by a drop in personal goods and homebuilder stocks, while investors assessed crucial UK and U.S. economic data

FTSE 100 dips on declines in personal goods and homebuilders
Asia|Business|Finance|Stock Markets|Technology

Foreigners retreat from Asian equities on doubt over tech valuations

Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI

Foreigners retreat from Asian equities on doubt over tech valuations
Asia|Business|Europe|Finance|Stock Markets

Stocks tumble as market leaders turn losers

Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion

Stocks tumble as market leaders turn losers
Europe|Finance|Stock Markets

Markets reckon with familiar September pain

A look at the day ahead in European and global markets from Rae Wee Markets in Europe are set for a rocky start on Wednesday after Asia stocks were left in a sea of red, as worries over the global

Markets reckon with familiar September pain
Asia|Business|Finance|Stock Markets

Stocks fall with safe haven assets in demand, growth concerns in focus

MSCI's global equities gauge fell for a third day in a row and oil prices lost ground on Wednesday, while safe-haven assets such as U.S.

Stocks fall with safe haven assets in demand, growth concerns in focus
Business|Finance|Stock Markets|Technology

U.S. stocks tumble as September starts, investors cool on chips

Wall

U.S. stocks tumble as September starts, investors cool on chips
Business|Economy|Finance|Stock Markets

US gasoline slumps to near 3-year low on end of driving season, oil slump

U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a

US gasoline slumps to near 3-year low on end of driving season, oil slump
Business|Finance|Stock Markets|Technology

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened

Nvidia suffers record $279 billion loss in market value as Wall St drops
Business|Finance|Stock Markets

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy
Business|Finance|Stock Markets

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

Berkshire Hathaway has offloaded Bank of America shares worth more than $6 billion following a strong run in the second-largest U.S. lender's stock, with some

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits
Americas|Economy|Finance|News|Stock Markets

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting

A Senate committee hearing to confirm President Luiz Inacio Lula da Silva's pick to head Brazil's central bank will not happen before the monetary authority's next interest rate-

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting
Business|Finance|Stock Markets|Technology

Corporate America has a revenue problem: McGeever

Nvidia's share price slump after its strong, but not exceptionally strong, second-quarter results raises a broader question for U.S. stocks: Are 2025

Corporate America has a revenue problem: McGeever
Business|Economy|Finance|Stock Markets

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
Economy|Finance|News|Stock Markets

Wall Street drops on September worries, upcoming data

U.S. stocks slumped on Tuesday, at the start of one of the market's historically worst months, ahead of data likely to influence how much the Federal Reserve will

Wall Street drops on September worries, upcoming data
Business|Finance|Stock Markets

Labor Day to labor report as Sept kicks off

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street gets September off to a late start with a holiday- shortened week that focusses squarely on the U.S. jobs market after

Labor Day to labor report as Sept kicks off
Business|Economy|Finance|Stock Markets|Technology

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

Market values of major tech firms declined in August amid concerns

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
Business|Finance|Stock Markets

Hedge funds bet against banks, insurance and property, says Goldman Sachs

Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported

Hedge funds bet against banks, insurance and property, says Goldman Sachs
Business|Finance|Stock Markets|Technology

Alstom closes sale of N.American signalling business to Knorr-Bremse

French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

Alstom closes sale of N.American signalling business to Knorr-Bremse
Business|Economy|Stock Markets

Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report

Global shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S. Investors also are looking ahead to the U.S. employment report set for release later this week for an indication of the strength of the American economy

Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report
Business|Finance|Stock Markets

Shares in Hong Kong's New World Development plunge after loss estimate

Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the

Shares in Hong Kong's New World Development plunge after loss estimate
Americas|Asia|Business|Economy|Finance|Stock Markets

Global stocks start September in cautious mood

Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether

Global stocks start September in cautious mood
Asia|Business|Finance|Stock Markets

China clouds global 'Goldilocks' outlook

A look at the day ahead in Asian markets.

China clouds global 'Goldilocks' outlook
Business|Finance|Stock Markets

Billionaire Buffett again sells BofA shares worth about $845 million

Billionaire Warren Buffett's Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday.

Billionaire Buffett again sells BofA shares worth about $845 million
Business|Finance|Stock Markets

U.S. stock rally broadens as investors await Fed

A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data

U.S. stock rally broadens as investors await Fed

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