Today: September 24, 2024
Today: September 24, 2024

Finance

Economy|Finance|Stock Markets

TSX hits 2-week low as industrials, gold mining shares fall

Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically

TSX hits 2-week low as industrials, gold mining shares fall
Business|Economy|Finance

NYCB posts bigger loss than expected on exposure to office real estate

New York Community Bancorp reported second-quarter loss that was worse than Wall Street's expectations on Thursday, as it set aside more money to cover

NYCB posts bigger loss than expected on exposure to office real estate
Business|Economy|Finance

American Airlines cuts annual profit forecast as sales strategy backfires

American Airlines on Thursday cut its annual profit forecast, citing its previous sales and distribution strategy that drove away corporate

American Airlines cuts annual profit forecast as sales strategy backfires
Business|Finance

Barclays reaps hedge fund riches in battle of the prime brokers

Barclays is winning business from its top Wall Street rivals in prime brokerage, a lucrative investment banking battleground where lenders are

Barclays reaps hedge fund riches in battle of the prime brokers
Business|Finance|Technology

GM co-leads $39 million funding for EV battery materials startup Addionics

Israeli battery technology company Addionics has raised $39 million from investors including General Motors' venture capital arm to help commercialise its copper and

GM co-leads $39 million funding for EV battery materials startup Addionics
Business|Economy|Finance|Technology

Global tech outage to cost Air France KLM close to $11 million, says CFO

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

Global tech outage to cost Air France KLM close to $11 million, says CFO
Economy|Finance|Stock Markets

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain

The S&P 500 and Nasdaq Composite ended a fickle session weaker on Thursday, failing to regain ground lost in the previous day's tech-triggered sell-off as investors grappled

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain
Business|Economy|Finance

Lazard swings to profit on investment banking rebound, beats estimates

Lazard swung to a profit in the second quarter, exceeding analysts' expectations as dealmaking surged.

Lazard swings to profit on investment banking rebound, beats estimates
Business|Economy|Finance

Bombardier's second-quarter results beat on higher jet deliveries

Bombardier beat analysts' estimates for second-quarter results on Thursday, helped by higher plane deliveries and stronger sales in the Canadian business jet maker's services business.

Bombardier's second-quarter results beat on higher jet deliveries
Economy|Finance

Global investors scramble to dodge US election curveballs

Investors are scrambling to shore up global portfolios against wild market swings ahead of the Nov.

Global investors scramble to dodge US election curveballs
Economy|Finance|Technology

Ether set for biggest daily fall in three months, no US ETF bounce

Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week's launch of the first U.S. exchange

Ether set for biggest daily fall in three months, no US ETF bounce
Asia|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
Business|Economy|Finance

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

Nissan has lowered its full fiscal year outlook after the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
Business|Economy|Finance|Stock Markets

Ford slips as higher costs, EV unit take a toll on profit growth

Ford Motor's shares tumbled over 13% to a near six-month low on Thursday after the automaker missed second-quarter profit estimates, as it struggles with quality-related

Ford slips as higher costs, EV unit take a toll on profit growth
Business|Economy|Finance

Nestle, Unilever sales disappoint as consumers hunt for value

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers.

Nestle, Unilever sales disappoint as consumers hunt for value
Economy|Finance

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says

The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency "competitive," BofA

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
Business|Economy|Finance|Health

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products

Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products
Business|Economy|Finance

Julius Baer shares slide on profit miss, tepid cash inflows

Swiss private bank Julius Baer's shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows from

Julius Baer shares slide on profit miss, tepid cash inflows
Business|Finance|Health

Roche lifts 2024 profit guidance on strong drug sales

Roche on Thursday raised its full-year earnings forecast after exceeding expectations for the first half, driven by strong demand for newer drugs such as eye

Roche lifts 2024 profit guidance on strong drug sales
Economy|Finance|Stock Markets

Megacap stock selloff shows investor concerns about too much tech

A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street's vulnerability to any weakness

Megacap stock selloff shows investor concerns about too much tech
Economy|Europe|Finance|Stock Markets

Stock rout spreads beyond tech

A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts

Stock rout spreads beyond tech
Asia|Economy|Finance

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Asia|Economy|Finance

China central bank surprises by lending again at lower rates

China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are

China central bank surprises by lending again at lower rates
Business|Finance|Technology

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first
Asia|Finance|Stock Markets|Technology

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar

World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar

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