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

Finance

Business|Finance|Technology

Super Micro shares slammed following delay in annual filing

AI server maker Super Micro Computer delayed the filing of its annual report, citing a need to assess "its internal controls over financial reporting,

Super Micro shares slammed following delay in annual filing
Business|Economy|Finance

Kohl's banks on cost controls, leaner inventories to lift profit target

Kohl's topped quarterly profit estimates and raised its annual forecast on Wednesday, as the department store operator leans on lower costs and slimmer inventories

Kohl's banks on cost controls, leaner inventories to lift profit target
Business|Economy|Finance

Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale

Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down

Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale
Business|Finance

Bath & Body Works cuts annual sales forecast on tepid demand

Bath & Body Works cut its annual sales forecast on Wednesday, a sign of weaker demand for its pricey products such as fragrances and scented candles in the face of still-high inflation.

Bath & Body Works cuts annual sales forecast on tepid demand
Business|Finance

Abercrombie & Fitch lifts sales forecast on trendy apparel demand; lofty expectations hit shares

Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as

Abercrombie & Fitch lifts sales forecast on trendy apparel demand; lofty expectations hit shares
Business|Finance|News

Disney-Reliance India media merger approved: Who are their top rivals?

The $8.5 billion merger of Reliance and Walt Disney India media assets has been approved by India's antitrust body, clearing the way for a deal that will create India's largest

Disney-Reliance India media merger approved: Who are their top rivals?
Asia|Business|Economy|Finance

Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger

Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging

Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Economy|Finance|News

US 30-year mortgage rate falls to lowest since April 2023

The interest rate for the most popular U.S. home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing

US 30-year mortgage rate falls to lowest since April 2023
Election|Finance

Silicon Valley backers want Harris to prioritize abortion rights, pro-tech policies

Venture capitalists pledging support for Kamala Harris' White House campaign listed priorities in a survey released on Wednesday that include women's

Silicon Valley backers want Harris to prioritize abortion rights, pro-tech policies
Business|Finance

Number of 401(k) ‘millionaires’ reaches new high

Number of 401(k) ‘millionaires’ reaches new high

Number of 401(k) ‘millionaires’ reaches new high
Business|Economy|Finance

National Bank of Canada's profit rises on wealth management, markets strength

National Bank of Canada reported a higher third-quarter profit on Wednesday, helped by strong performance in its wealth management and financial markets units.

National Bank of Canada's profit rises on wealth management, markets strength
Business|Finance

Canada's RBC beats profit estimates, shares hit record high

Royal Bank of Canada surpassed quarterly profit estimates that pushed shares to a record high on Wednesday, while executives said they were

Canada's RBC beats profit estimates, shares hit record high
Business|Finance|Stock Markets|Technology

Wall Street ends down; investors brace for Nvidia report

U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street's centerpiece event of the week that could shatter or add fresh

Wall Street ends down; investors brace for Nvidia report
Business|Economy|Election|Finance|News

US companies return to currency options to hedge election, macro risks

U.S. corporations are turning to foreign exchange options again to protect their cash flow as they fear the U.S. presidential election and diverging central bank

US companies return to currency options to hedge election, macro risks
Business|Finance|Technology

AI's race for US energy butts up against bitcoin mining

By Laila Kearney and Mrinalika Roy U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding

AI's race for US energy butts up against bitcoin mining
Business|Finance|Stock Markets

As Nvidia awaited, Treasuries absorb new deluge

A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia's post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S.

As Nvidia awaited, Treasuries absorb new deluge
Business|Finance

TD's plan to pay money laundering fines clears path for new CEO

Canada's second-largest lender TD Bank's efforts to resolve gaps in its anti-money laundering (AML) controls by the end of the year will likely

TD's plan to pay money laundering fines clears path for new CEO
Asia|Business|Finance

Betting on Chinese demand, Hong Kong developers turn to rental market

Some Hong Kong developers are now turning to housing rental and the leasing market to weather a prolonged downturn in its property market and to serve surging rental

Betting on Chinese demand, Hong Kong developers turn to rental market
Europe|Finance|Stock Markets|Technology

Insurance, chemical stocks keep STOXX 600 at over one-month high

The benchmark European stock index rose to its highest since July on Wednesday, boosted by insurance and chemical stocks ahead of closely-

Insurance, chemical stocks keep STOXX 600 at over one-month high
Africa|Business|Finance

Namibian asset demand soars ahead of election and amid oil discoveries

The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its

Namibian asset demand soars ahead of election and amid oil discoveries
Business|Economy|Finance

UK's finance watchdog launches probe into pure protection insurance sector

Britain's Financial Conduct Authority said on Wednesday it would launch a market study into so-called pure protection insurance product sales, amid fears that the

UK's finance watchdog launches probe into pure protection insurance sector
Business|Finance

Scandinavian airline SAS hails 'new era' as exits US bankruptcy process

SAS said on Wednesday it has exited U.S.

Scandinavian airline SAS hails 'new era' as exits US bankruptcy process
Business|Europe|Finance|Stock Markets|Technology

Market held in thrall ahead of Nvidia numbers

A look at the day ahead in European and global markets from Tom Westbrook Nvidia is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the

Market held in thrall ahead of Nvidia numbers
Business|Finance|Stock Markets|Technology

Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surges

Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed

Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surges
Business|Economy|Finance

Gold falls on firmer dollar as US data takes spotlight

Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the

Gold falls on firmer dollar as US data takes spotlight

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