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

Finance

Business|Economy|Finance

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
Americas|Business|Economy|Finance

Traders brace for least predictable Fed meeting in years

Traders in global financial markets are facing extraordinary uncertainty as they await the U.S.

Traders brace for least predictable Fed meeting in years
Business|Economy|Finance

Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook

Ray Dalio, founder of the world's largest hedge fund, and Lim Chow Kiat, the boss of Singapore's sovereign wealth fund GIC are increasingly cautious on the

Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook
Economy|Europe|Finance

Traders still guessing in final Fed countdown

A look at the day ahead in European and global markets from Kevin Buckland With just hours until one of the most highly anticipated central bank decisions in recent memory, traders are still agonising

Traders still guessing in final Fed countdown
Business|Economy|Finance|News|Technology

Canadian union, GM reach agreement for Ontario plant workers

Unifor reached a tentative agreement with General Motors early Wednesday over wages and job security for workers at its Ingersoll, Ontario plant, the Canadian labor union said.

Canadian union, GM reach agreement for Ontario plant workers
Business|Finance|News

Boeing, striking union set to resume contract talks on Wednesday

Boeing and its largest union will restart contract talks on Wednesday in the presence of federal mediators, after failing to agree on key issues such as wages and pensions, the

Boeing, striking union set to resume contract talks on Wednesday
Business|Economy|Finance

Trump suggests reversing his cap on state and local tax deductions

Trump suggests reversing his cap on state and local tax deductions

Trump suggests reversing his cap on state and local tax deductions
Asia|Economy|Finance|Stock Markets

Wall Street droops, dollar edges back after bumper Fed cut

Major stock indexes closed with modest losses and the dollar gained ground in choppy trading on Wednesday after the U.S.

Wall Street droops, dollar edges back after bumper Fed cut
Business|Economy|Finance|World

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed

Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Business|Economy|Finance

Dollar gains ground after Fed delivers bumper 50 basis point rate cut

The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater

Dollar gains ground after Fed delivers bumper 50 basis point rate cut
Economy|Finance

Japan July machinery orders fall 0.1% m/m

Japan's core machinery orders unexpectedly fell 0.1% in July from the previous month, government data showed on Wednesday.

Japan July machinery orders fall 0.1% m/m
Economy|Europe|Finance|News|World

IMF postpones economic consultations with Russia to gather more data

The International Monetary Fund said on Wednesday that it has postponed planned economic consultations with Russia that were due to start this week to gather

IMF postpones economic consultations with Russia to gather more data
Australia|Business|Finance

Australia's RBA to prioritise wholesale CBDC work over retail

Australia's central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version

Australia's RBA to prioritise wholesale CBDC work over retail
Asia|Business|Economy|Finance

Fed's close call - the waiting is almost over

A look at the day ahead in Asian markets.

Fed's close call - the waiting is almost over
Business|Finance

Arko mulls sale of convenience store operations in reversal of strategy, sources say

Store operator Arko is planning to divest its convenience store operations in a deal that could be valued at around $2 billion, as it looks to abandon a

Arko mulls sale of convenience store operations in reversal of strategy, sources say
Americas|Economy|Finance

Colombia government will not change proposed 2025 budget value, finance minister says

Colombia's government will not modify the value of 523 trillion pesos ($123.9 billion) for its proposed 2025 budget, Finance Minister Ricardo Bonilla said in an

Colombia government will not change proposed 2025 budget value, finance minister says
Business|Finance|Technology

US urges leniency for FTX's Caroline Ellison, cites help against Bankman-Fried

U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange's

US urges leniency for FTX's Caroline Ellison, cites help against Bankman-Fried
Business|Finance|Technology

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure
Business|Finance

Steve Cohen stops trading for hedge fund Point72

Steve Cohen, billionaire founder of Point72 Asset Management, has stopped trading at the hedge fund although he is still making investment decisions as a co-chief investment officer

Steve Cohen stops trading for hedge fund Point72
Business|Finance

Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says

Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace

Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Business|Economy|Finance

FTX auditor settles US SEC negligence case, pays fine

A former auditor for FTX will pay $1.95 million to settle two U.S.

FTX auditor settles US SEC negligence case, pays fine
Business|Economy|Europe|Finance|News

French central bank sees consumer gains easing budget pains

France's economy is set to gain momentum in the coming two years as lower inflation boosts consumer spending, helping to offset the drag from government belt-tightening, the central

French central bank sees consumer gains easing budget pains
Americas|Business|Celebrity|Finance|Stock Markets

Trump's media stock falls before insider trading restrictions lift

Shares of Donald Trump's media company fell for a second session on Tuesday ahead of the end of restrictions on share sales by the former U.S. president and other

Trump's media stock falls before insider trading restrictions lift
Economy|Finance|News

Sahm rule creator sees 50-bps Fed rate cut on labor market worries

The U.S. economy is not in a recession but labor-market weakness might worry the Federal Reserve enough to cut interest rates by 50 basis points on Wednesday,

Sahm rule creator sees 50-bps Fed rate cut on labor market worries

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