Today: September 23, 2024
Today: September 23, 2024

Finance

Business|Economy|Finance|News

Instant View: Weekly jobless claims fall relieves recession-wary markets

A drop in the number of Americans applying for unemployment benefits last week relieved markets that had been in a near panic about prospects for a recession and how aggressive the Federal

Instant View: Weekly jobless claims fall relieves recession-wary markets
Business|Finance

Martin Marietta cuts FY earnings outlook on Blue Water deal impact

Building material supplier Martin Marietta cut its forecast for full-year 2024 revenue and net earnings on Thursday to account for a charge related to its acquisition of Blue Water

Martin Marietta cuts FY earnings outlook on Blue Water deal impact
Business|Finance|Sports|Stock Markets

Under Armour posts surprise profit on higher margins, leaner inventory

Under Armour posted a surprise first-quarter profit on Thursday on margins boost from selling its sports apparel at full price and lower inventory at a time when consumers

Under Armour posts surprise profit on higher margins, leaner inventory
Asia|Business|Economy|Finance

Japan’s stock market rally fades as fear returns

Japan’s stock market rally fades as fear returns

Japan’s stock market rally fades as fear returns
Business|Finance|Food

Restaurant Brands beats quarterly revenue estimates on Tim Hortons boost

Restaurant Brands International beat Wall Street estimates for second-quarter revenue on Thursday, as steady demand at its Tim Hortons coffee outlets helped counter

Restaurant Brands beats quarterly revenue estimates on Tim Hortons boost
Americas|Business|Finance

Planemaker Embraer shares jump after quarterly earnings beat

Brazilian planemaker Embraer's second-quarter net income jumped by almost 40%, it said on Thursday, beating market expectations and sending its shares sharply higher after

Planemaker Embraer shares jump after quarterly earnings beat
Business|Economy|Europe|Finance

Allianz CEO warns that high public debt is "really scary"

Germany's Allianz, one of Europe's biggest financial firms and investors, warned on Thursday about high public debt levels and the risk of sovereign bonds.

Allianz CEO warns that high public debt is "really scary"
Business|Economy|Finance|News|Stock Markets

The Fed has cut rates amid stock swoons before. Not this time

A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its

The Fed has cut rates amid stock swoons before. Not this time
Asia|Business|Finance

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
Business|Economy|Finance

Nasdaq, S&P 500 end 2% higher in rally after US jobless data

U.S. stocks jumped on Thursday, with the Nasdaq and S&P 500 each ending more than 2% higher after jobless claims fell more than expected in the latest week

Nasdaq, S&P 500 end 2% higher in rally after US jobless data
Economy|Finance

BOJ's communication about-face may haunt future rate moves

The Bank of Japan managed to calm investor nerves during global market turmoil this week by reversing a calibrated strategy to communicate steady interest-rate rises,

BOJ's communication about-face may haunt future rate moves
Business|Finance|Technology

Slumping US tech stocks tempt some buyers to brave rocky market

Investors are tiptoeing back into shares of U.S. tech stocks following a sharp tumble, even as some still-elevated valuations threaten to punish dip buyers if

Slumping US tech stocks tempt some buyers to brave rocky market
Business|Economy|Finance

Japan closely watching stock moves but is not in a phase of action, finance minister says

Japanese authorities are closely watching stock market developments but are not in a phase of taking specific actions, Finance Minister Shunichi Suzuki said on Thursday, as volatility

Japan closely watching stock moves but is not in a phase of action, finance minister says
Asia|Business|Economy|Finance|Stock Markets|Technology

Global stock index rises with dollar, yields as data calms nerves

A closely followed global equities index jumped more than 1% on Thursday after lower-than-expected weekly U.S. unemployment claims calmed

Global stock index rises with dollar, yields as data calms nerves
Economy|Finance

BOJ debated further rate hikes in July, prompting hawkish shift

Bank of Japan policymakers, in deciding a landmark increase in interest rates last month, discussed further rate hikes, a summary of the discussion showed on Thursday,

BOJ debated further rate hikes in July, prompting hawkish shift
Business|Economy|Finance

Occidental Petroleum beats second-quarter profit estimates on higher production

Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit by 34%, in the first results since it closed the $12 billion

Occidental Petroleum beats second-quarter profit estimates on higher production
Business|Finance

Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets

Online gambling company bet365 must refund more than a half-million dollars to customers who won bets, but were paid less than they were entitled to when the company unilaterally changed the odds while making the payouts

Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
Economy|Finance|Stock Markets

Traders lose billions on big volatility short after stocks rout

A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks

Traders lose billions on big volatility short after stocks rout
Business|Finance

Don't be surprised when unstable trades blow up: McGeever

One of the ironies of the burst of volatility that just blindsided financial markets is its inevitability.

Don't be surprised when unstable trades blow up: McGeever
Finance|News

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals

The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals
Economy|Finance|News

Egyptian inflation expected to fall for fifth month in July

Inflation is expected to have declined for a fifth month in July, despite higher higher food, tobacco and fuel prices, as IMF efforts to control monetary policy have started to take

Egyptian inflation expected to fall for fifth month in July
Business|Economy|Finance|Stock Markets

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback
Business|Finance

US consumer watchdog probes major US banks over Zelle scam, WSJ reports

The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle Network, the Wall Street Journal

US consumer watchdog probes major US banks over Zelle scam, WSJ reports
Business|Finance|Stock Markets|Technology

Instacart shares surge on strong grocery delivery demand and advertising growth

Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business

Instacart shares surge on strong grocery delivery demand and advertising growth
Business|Europe|Finance

Italy doubles billionaires' 'flat tax', decries tax havens

Italy's government approved a measure on Wednesday that doubles to 200,000 euros ($218,220) per year a "flat tax" applied on income earned

Italy doubles billionaires' 'flat tax', decries tax havens

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