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

Finance

Finance|Stock Markets|Technology

Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry

Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its initial public offering, clouding the Microsoft-backed cybersecurity

Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
Business|Economy|Finance|News

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024

The Federal Reserve will lower

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024
Business|Economy|Finance

Nike's tumultuous years under outgoing CEO Donahoe

Sportswear giant Nike on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14.

Nike's tumultuous years under outgoing CEO Donahoe
Business|Economy|Finance

Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance chief said on

Ally Financial warns of 'intensifying' credit challenges, shares slump
Business|Economy|Finance

Deere settles US SEC bribery probe into massage parlor, other gifts in Thailand

Deere agreed to pay $9.93 million to settle U.S.

Deere settles US SEC bribery probe into massage parlor, other gifts in Thailand
Business|Finance

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal

U.S. lender NBT Bancorp has agreed to buy Evans Bancorp in a deal that values it at nearly $236 million, as it looks to expand its footprint in western New York.

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal
Business|Finance|Stock Markets

JPMorgan stock slumps as interest income warning rattles market

JPMorgan Chase shares fell more than 5% after the president of the largest U.S. bank tempered the outlook for its earnings from interest payments

JPMorgan stock slumps as interest income warning rattles market
Economy|Finance|News

Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year

The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power

Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year
Business|Finance

JPMorgan CEO Jamie Dimon says succession is his most important task

JPMorgan Chase is focused on succession planning and has a cadre of "extremely" qualified people who are prepared to run the

JPMorgan CEO Jamie Dimon says succession is his most important task
Business|Economy|Finance

US SEC hits Keurig with $1.5 million fine over pod recyclability statements

Keurig Dr Pepper Inc agreed to pay a $1.5 million fine to settle U.S.

US SEC hits Keurig with $1.5 million fine over pod recyclability statements
Business|Economy|Finance

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some

Employee wages are one of the biggest costs for small businesses

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some
Business|Finance|Technology

Data center operator Switch weighs IPO at about $40 billion valuation, sources say

The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including

Data center operator Switch weighs IPO at about $40 billion valuation, sources say
Business|Economy|Finance

Bank of Canada says trade disruptions could hinder inflation fight

Global trade disruptions could make it harder for the Bank of Canada to consistently meet its 2% inflation target, and it will have to

Bank of Canada says trade disruptions could hinder inflation fight
Business|Finance|Stock Markets

Southwest Airlines shakes up its board under pressure from a big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan

Southwest Airlines shakes up its board under pressure from a big shareholder
Business|Crime|Finance|Technology

UK financial watchdog charges man with running illegal crypto ATMs

Britain's financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration.

UK financial watchdog charges man with running illegal crypto ATMs
Business|Economy|Europe|Finance

Apple tax bonanza hands Ireland political, reputational headache

An EU court order that Apple pay Ireland 13 billion euros ($14.4 billion) in back taxes triggered mixed feelings in Dublin on Tuesday as the

Apple tax bonanza hands Ireland political, reputational headache
Business|Europe|Finance|Technology

Why does Apple have to pay Ireland $14.4 billion?

Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back

Why does Apple have to pay Ireland $14.4 billion?
Business|Economy|Europe|Finance|Technology

China proposes negotiations with EU to resolve EV tariff dispute

China has renewed its offer for talks with the European Commission to address economic and trade frictions to try to ease impending punitive tariffs on China-made electric vehicles.

China proposes negotiations with EU to resolve EV tariff dispute
Business|Economy|Election|Finance|News|Political

US small business sentiment ebbs in August amid rising uncertainty

U.S. small-business confidence fell in August, reversing the prior month's jump amid growing uncertainty ahead of the Nov. 5 presidential election and expectations of weak sales.

US small business sentiment ebbs in August amid rising uncertainty
Finance|News|Stock Markets

Calm returns as TV debate eyed, China angst

A look at the day ahead in U.S. and global markets from Mike Dolan Markets have recovered their poise this week on a potent mix of U.S. 'soft landing' hopes and interest rate cut speculation and now

Calm returns as TV debate eyed, China angst
Business|Election|Finance|News|Stock Markets

Wall Street worries Harris tax plan would hurt US corporate profits

Wall Street is anticipating a hit to corporate earnings and the stock market if Democratic presidential candidate Kamala Harris wins in

Wall Street worries Harris tax plan would hurt US corporate profits
Business|Economy|Finance

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays

The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
Business|Economy|Finance

Bank of America boosts US minimum hourly wage to $24

Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday.

Bank of America boosts US minimum hourly wage to $24
Business|Economy|Finance|Stock Markets

S&P 500 ends slightly higher but banks and energy weigh

Wall Street's benchmark S&P 500 index closed up 0.5% on Tuesday but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks

S&P 500 ends slightly higher but banks and energy weigh
Business|Europe|Finance

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes

The European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes

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