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

Finance

Economy|Finance

Central banks may face volatile inflation for years to come, ECB's Lagarde says

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is

Central banks may face volatile inflation for years to come, ECB's Lagarde says
Business|Finance|Stock Markets|Technology

Trump Media skids to new low on the first day the former president can sell his shares

Shares of Trump Media have slumped to new lows on the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform

Trump Media skids to new low on the first day the former president can sell his shares
Business|Europe|Finance|Health|Stock Markets

Novo Nordisk shares drop nearly 5% on disappointing obesity pill data

Novo Nordisk's shares fell nearly 5% on Friday after results from a Phase 2a trial of the Danish drugmaker's experimental

Novo Nordisk shares drop nearly 5% on disappointing obesity pill data
Business|Economy|Finance|Stock Markets

US bond funds draw inflows for a 16th straight week

U.S. bond funds attracted inflows for a 16th straight week in the week ended Sept. 18, on expectations that the Federal Reserve would deliver an outsized rate cut in its meeting during the

US bond funds draw inflows for a 16th straight week
Business|Crime|Finance|News|Technology

20-year-old, co-conspirator charged in $230M cryptocurrency theft following FBI raid of Miami mansion

20-year-old, co-conspirator charged in $230M cryptocurrency theft following FBI raid of Miami mansion

20-year-old, co-conspirator charged in $230M cryptocurrency theft following FBI raid of Miami mansion
Business|Economy|Finance

Canada retail sales rise more than expected in July; likely up in August

Canadian retail sales grew by 0.9% in July from June, led by higher sales at motor vehicle and parts dealers, while sales likely climbed further in August, data from

Canada retail sales rise more than expected in July; likely up in August
Business|Crime|Europe|Finance

Denmark's prosecutor seeks maximum 12-year prison sentence for tax fraud suspect Sanjay Shah

A Danish prosecutor on Friday asked a court to find British hedge fund trader Sanjay Shah guilty of defrauding Denmark of over 9 billion Danish

Denmark's prosecutor seeks maximum 12-year prison sentence for tax fraud suspect Sanjay Shah
Business|Economy|Finance|Stock Markets

Global equity funds draw big inflows ahead of Fed rate cut

Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle.

Global equity funds draw big inflows ahead of Fed rate cut
Business|Economy|Finance|Technology

Bank of Canada: AI could boost inflationary pressures in short-term

Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by businesses could add to price pressures in the short term by boosting demand

Bank of Canada: AI could boost inflationary pressures in short-term
Business|Economy|Finance|News|Stock Markets|World

Equities end flat but Dow ekes out record in strong week

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fueled by an upsized interest-rate

Equities end flat but Dow ekes out record in strong week
Business|Economy|Finance|Stock Markets

India's Nifty, Sensex outperform most global markets, behind only Wall Street

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the

India's Nifty, Sensex outperform most global markets, behind only Wall Street
Asia|Business|Finance

VinFast posts deeper Q2 loss on impairment charge, higher cost to boost sales

Vietnamese electric vehicle maker VinFast's losses widened in the second quarter due to rising costs linked to its overseas expansion and impairment

VinFast posts deeper Q2 loss on impairment charge, higher cost to boost sales
Business|Economy|Finance

US companies to hire thousands of seasonal workers for holiday season

U.S. companies from Target and Macy's to package delivery firm UPS plan to hire thousands of seasonal workers ahead of the all-important holiday season.

US companies to hire thousands of seasonal workers for holiday season
Business|Economy|Finance|Stock Markets

Toronto market extends record-setting run as gold miners climb

Canada's main stock index on Friday inched past the record high it hit a day earlier, helped by gains for the shares of gold miners and uranium producers

Toronto market extends record-setting run as gold miners climb
Business|Economy|Finance

China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive

China Minsheng Bank has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the matter said, in the biggest such move by a major commercial

China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive
Business|Economy|Finance|News

If you own a home or hope to buy one soon, what does the Fed’s interest rate cut mean for you?

If you own a home or hope to buy one soon, what does the Fed’s interest rate cut mean for you?

If you own a home or hope to buy one soon, what does the Fed’s interest rate cut mean for you?
Economy|Environment|Finance

Climate finance from multilateral banks up to $125 billion in 2023

Global climate finance from multilateral development banks grew by 25% in 2023 to a record $125 billion, according to a report on Friday, with the fastest growth

Climate finance from multilateral banks up to $125 billion in 2023
Business|Economy|Finance

Fed jumbo rate cut puts pressure on money market fund investors

Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a

Fed jumbo rate cut puts pressure on money market fund investors
Economy|Finance|Stock Markets

Taking stock after Fed glow, Japan/China hold

A look at the day ahead in U.S. and global markets from Mike Dolan After a roaring Thursday that saw Wall Street stocks lap up deep Federal Reserve easing into a still-healthy economy, there's a

Taking stock after Fed glow, Japan/China hold
Asia|Economy|Finance

China's January-August fiscal revenue down 2.6%

China's fiscal revenue in the first eight months of 2024 was down 2.6% from a year earlier, unchanged from July's seven-month reading, finance ministry data showed on Friday, as

China's January-August fiscal revenue down 2.6%
Business|Europe|Finance

Germany must oppose UniCredit takeover of Commerzbank, employees say

Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's

Germany must oppose UniCredit takeover of Commerzbank, employees say
Business|Economy|Finance

FedEx shares tumble over 15% on limp demand, delivery trade-down

Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an

FedEx shares tumble over 15% on limp demand, delivery trade-down
Asia|Business|Finance|Technology

'No work, no pay,' Samsung warns striking Indian workers as dispute escalates

Samsung Electronics has warned its striking workers in southern India they will not receive wages if they continue protesting and also face the risk of

'No work, no pay,' Samsung warns striking Indian workers as dispute escalates
Economy|Europe|Finance

EU's aid pledge for Poland may not cover all flood losses, minister says

Polish Finance Minister Andrzej Domanski said on Friday a pledge worth 5 billion euros ($5.6 billion) from the European Union to help the country recover from its

EU's aid pledge for Poland may not cover all flood losses, minister says
Business|Economy|Finance

Go big or go home

More interest rate cuts are set to come in Switzerland and Sweden after a supersized Federal Reserve rate move, with U.S. inflation data and global business activity surveys charting the

Go big or go home

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