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

Finance

Business|Finance|Stock Markets

Will Buffett's 'put' on oil firm Occidental halt share drop?

Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren

Will Buffett's 'put' on oil firm Occidental halt share drop?
Economy|Finance

Bank of England to deliver one more rate cut this year, economists say: Reuters poll

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is

Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Americas|Business|Finance

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets

Investment bank Morgan Stanley issued an "underweight" warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and electoral

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Business|Finance

BlackRock support for ESG shareholder resolutions hits fresh low

BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most

BlackRock support for ESG shareholder resolutions hits fresh low
Election|Finance|News|Political

Harris' main fundraising group raised four times as much as Trump in July

Kamala Harris' main campaign fundraising group raised four times as much money in July as that raised by Donald Trump's campaign, according to federal disclosures

Harris' main fundraising group raised four times as much as Trump in July
Business|Finance|Technology

Chipmaker Analog Devices forecasts strong Q4 results as demand recovers

Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.

Chipmaker Analog Devices forecasts strong Q4 results as demand recovers
Business|Finance|Stock Markets

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll

Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll
Business|Economy|Finance

Tether to launch stablecoin pegged to UAE's dirham

Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps

Tether to launch stablecoin pegged to UAE's dirham
Business|Finance|Stock Markets

TJ Maxx parent raises annual profit forecast after strong second quarter

Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel

TJ Maxx parent raises annual profit forecast after strong second quarter
Asia|Business|Finance|Technology

China's Didi Global swings to profit in second quarter

China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million

China's Didi Global swings to profit in second quarter
Business|Finance|Stock Markets

Target slashed prices. It paid off

Target slashed prices. It paid off

Target slashed prices. It paid off
Business|Economy|Finance

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street
Business|Economy|Finance

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues

Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues
Economy|Finance|News

Israeli banks refusing shekel cash deposits from West Bank, Palestinian officials say

Israeli banks are refusing shekel cash transfers from Palestinian banks in the occupied West Bank in a move that could soon prevent Palestinians from accessing

Israeli banks refusing shekel cash deposits from West Bank, Palestinian officials say
Business|Economy|Finance

Macy's forecasts sales hit from steep promotions, uneven demand

Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in

Macy's forecasts sales hit from steep promotions, uneven demand
Business|Finance

Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious

Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials

Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious
Election|Finance

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show
Finance|Stock Markets

Relentless rally pauses for breath

A look at the day ahead in U.S. and global markets by Samuel Indyk The relentless recovery in the S&P 500 from early August's post-payrolls trough finally took a pause on Tuesday after eight straight

Relentless rally pauses for breath
Business|Finance

Target raises 2024 profit forecast as price cuts draw shoppers

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by

Target raises 2024 profit forecast as price cuts draw shoppers
Business|Economy|Finance|News

Pakistan is making good progress with IMF for board approval, finance minister says

Pakistan is making good progress with the International Monetary Fund and hopes to get board approval in September for a new $7 billion loan programme, Pakistan's

Pakistan is making good progress with IMF for board approval, finance minister says
Business|Economy|Finance

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up

Canada's big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up
Business|Finance|Technology

Xiaomi Q2 revenue beats estimate, reveals auto unit sales

China's Xiaomi Corp on Wednesday reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit's contribution of 6.2 billion yuan

Xiaomi Q2 revenue beats estimate, reveals auto unit sales
Economy|Europe|Finance

Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have

Euro, now a safer bet, emerges a winner from market turmoil
Business|Finance|Stock Markets

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes

U.S. stocks advanced on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
Business|Finance

Britain's insurers told to demonstrate better value for customers

Some of Britain's car, home and other insurers are still unable to show they provide good outcomes for consumers, the country's financial watchdog said on Wednesday, a

Britain's insurers told to demonstrate better value for customers

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