Today: September 21, 2024
Today: September 21, 2024

Finance

Americas|Business|Finance

Venezuela seeks 4-month pause in auction of shares in Citgo parent

Lawyers representing Venezuela on Tuesday requested a four-month pause in a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum to pay

Venezuela seeks 4-month pause in auction of shares in Citgo parent
Africa|Business|Finance

JPMorgan CEO Jamie Dimon to visit Africa in growth push

JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the

JPMorgan CEO Jamie Dimon to visit Africa in growth push
Business|Economy|Finance

Walmart's Sam's Club to raise hourly pay for 100,000 workers from November

Walmart-owned Sam's Club said on Tuesday it would raise average hourly wages for nearly 100,000 of its workers, as part of a new employee compensation plan that will come into effect ahead

Walmart's Sam's Club to raise hourly pay for 100,000 workers from November
Business|Finance|Technology

JPMorgan in talks with Apple over Goldman credit card partnership, source says

JPMorgan Chase is in talks with Apple about replacing Goldman Sachs as the tech giant's credit-card partner, a source familiar with the matter said on Tuesday.

JPMorgan in talks with Apple over Goldman credit card partnership, source says
Business|Economy|Finance|News

US watchdog warns banks about customer consent for overdraft fees

The top U.S. regulator for consumer finance on Tuesday published legal guidance that it said would help stop banks from charging overdraft fees to customers who had not genuinely consented

US watchdog warns banks about customer consent for overdraft fees
Business|Finance|Stock Markets

S&P 500 on track for first record close since July

The S&P 500 rose to an all-time intraday high on Tuesday and was on track for a record close, lifted by investor confidence that the Federal Reserve is set to begin cutting interest rates,

S&P 500 on track for first record close since July
Business|Finance

Chinese insurance broker Yuanbao files for US IPO amid reviving investor appetite

Chinese insurance broker Yuanbao on Tuesday filed for an initial public offering in the United States, signaling a broader recovery in investor appetite for new listings.

Chinese insurance broker Yuanbao files for US IPO amid reviving investor appetite
Business|Economy|Finance

Sam’s Club will raise pay to catch up with Costco

Sam’s Club will raise pay to catch up with Costco

Sam’s Club will raise pay to catch up with Costco
Business|Economy|Europe|Finance

EU chief seeks funding boost to help bloc compete

The European Commission wants to set up a fund to support strategic sectors, a document showed on Tuesday, as the bloc seeks to compete more effectively in new

EU chief seeks funding boost to help bloc compete
Business|Economy|Finance

US business inventories rise slightly above expectations in July

U.S. business inventories increased slightly more than expected in July, suggesting that inventory investment could contribute to economic growth in the third quarter.

US business inventories rise slightly above expectations in July
Business|Finance|Technology

US regulator proposes strengthened rules for banks working with fintechs

A top U.S. banking regulator on Tuesday proposed that banks bolster recordkeeping requirements for accounts held by fintech companies on behalf of their customers, following

US regulator proposes strengthened rules for banks working with fintechs
Business|Finance|Health|Stock Markets

Philip Morris to sell Vectura for $198 million after health shift criticism

Philip Morris International's Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million).

Philip Morris to sell Vectura for $198 million after health shift criticism
Business|Economy|Finance|Stock Markets

Fed to go big on first rate cut, traders bet

Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation

Fed to go big on first rate cut, traders bet
Business|Europe|Finance|Technology

EVs could reach 24% EU car market share by 2025, T&E says

Battery-electric cars (BEVs) sold in the European Union are set to reach a total market share of between 20% and 24% by 2025, mostly because of

EVs could reach 24% EU car market share by 2025, T&E says
Business|Europe|Finance

UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say

UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in order to have the "flexibility" the Italian bank's CEO Andrea

UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
Business|Economy|Finance

US retail sales ticked up last month in sign of ongoing consumer resilience

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate

US retail sales ticked up last month in sign of ongoing consumer resilience
Economy|Finance

Most brokerages expect 50 bps in rate cuts from Fed for rest of 2024

Most major brokerages expect the U.S.

Most brokerages expect 50 bps in rate cuts from Fed for rest of 2024
Economy|Finance

India's trade deficit widens in August on spike in gold imports, weak exports

India's merchandise trade deficit in August widened to a ten-month high of $29.65 billion after gold imports surged while exports fell, dragged

India's trade deficit widens in August on spike in gold imports, weak exports
Business|Finance

Ryanair sees better momentum in bookings, lifts struggling airline shares

Ryanair has seen better momentum in bookings since last month and less need to cut prices, CEO Michael O'Leary

Ryanair sees better momentum in bookings, lifts struggling airline shares
Business|Finance

Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says

Stellantis has already taken measures and is working hard to avoid the risk of plant closures facing rival Volkswagen, the carmaker's CEO Carlos Tavares said on Tuesday.

Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says
Business|Economy|Finance|News

Bangladesh says World Bank pledges over $2 billion for reforms

Bangladesh said on Tuesday the World Bank has committed to providing over $2 billion in new financing this fiscal year to support the country's ongoing reform efforts,

Bangladesh says World Bank pledges over $2 billion for reforms
Economy|Finance

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says

Market expectations of substantial U.S. rate cuts this year are making short-dated debt unattractive as the Federal Reserve is unlikely to be as aggressive in easing

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
Business|Finance|Technology

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Business|Celebrity|Entertainment|Finance|Technology

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?

Donald Trump should have the opportunity starting Thursday to sell his shares in Trump Media & Technology Group, the company behind the Truth Social platform

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
Business|Economy|Finance

Global defensive sector funds see surge in inflows on slowdown fears

Global defensive sector funds are in demand from investors as concerns about a slowdown in the U.S. economy forces them to seek assets such as consumer staples and utilities stocks that

Global defensive sector funds see surge in inflows on slowdown fears

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