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

Finance

Crime|Election|Finance|News|Political

Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment

Two former Georgia election workers who won a $148 million defamation judgment against Rudy Giuliani are asking a court to award them the cash-strapped former New York City mayor’s apartment and other property as they ramp up efforts to collect on the staggering debt

Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment
Business|Finance|News|Technology

RTX fined $200 million for exports to China and others, US says

RTX Corp will pay a $200 million fine to settle allegations that the aerospace and defense company violated export laws by exchanging data and products with

RTX fined $200 million for exports to China and others, US says
Business|Economy|Finance|News

Libya central bank showdown risks spiralling into wider crisis

A struggle to control the Central Bank of Libya (CBL) has already sparked a blockade of oil production and it threatens the worst crisis in years for the major energy

Libya central bank showdown risks spiralling into wider crisis
Election|Finance|News

Giuliani sued over luxury condo by Georgia election workers who won $148 million judgment

The two former Georgia election workers who won a $148 million judgment against Rudolph Giuliani filed a civil lawsuit against the onetime personal lawyer to

Giuliani sued over luxury condo by Georgia election workers who won $148 million judgment
Economy|Europe|Finance

ECB would be "wise" to cut rates in September, Villeroy says

The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of

ECB would be "wise" to cut rates in September, Villeroy says
Economy|Finance|News

US consumers' near-term inflation expectation lowest since 2020, UMich data shows

U.S. consumers see inflation continuing to moderate in the next year, with a gauge of price growth expectations published on Friday at the lowest level in August since late 2020.

US consumers' near-term inflation expectation lowest since 2020, UMich data shows
Asia|Business|Finance

China's top banks post lower second quarter profit as property sector weighs

Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to

China's top banks post lower second quarter profit as property sector weighs
Economy|Finance|News

US bond funds see sharp inflows amid bets of rate cut

U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and

US bond funds see sharp inflows amid bets of rate cut
Asia|Economy|Finance|News

Singapore plans law to restrict banking transactions of scam targets

Singapore's home ministry said on Friday that it will introduce a law in coming months to grant police the power to temporarily restrict the banking transactions of targets of

Singapore plans law to restrict banking transactions of scam targets
Business|Economy|Finance

Instant view: No surprises from US PCE inflation to alter Fed easing path

The personal consumption expenditures (PCE) price index rose 0.2% last month after an unrevised 0.1% gain in June, the Commerce Department said on Friday, matching economists' forecasts.

Instant view: No surprises from US PCE inflation to alter Fed easing path
Economy|Finance|News

Fed seen poised for September rate cut as inflation cools

Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they

Fed seen poised for September rate cut as inflation cools
Economy|Finance

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Business|Finance

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass

Lithium Americas said on Friday that General Motors had agreed to delay an additional investment worth $330 million in the miner until the end of the year.

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass
Business|Economy|Finance

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

Global bond funds attracted the biggest weekly inflow in six weeks in the seven days to Aug. 28, buoyed by heightened purchases of government bonds amid anticipation of a September Fed

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions
Business|Finance|Stock Markets|Technology

Intel rises as report of chipmaker exploring options cheers glum investors

Intel's shares rose more than 3% in early trading on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor

Intel rises as report of chipmaker exploring options cheers glum investors
Business|Economy|Finance

Wall Street rally helped boost gains for 401(k) plan savers in the first half of 2024

Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts

Wall Street rally helped boost gains for 401(k) plan savers in the first half of 2024
Business|Finance|Technology

Dell shares rise as AI server demand boosts results, forecasts

Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts

Dell shares rise as AI server demand boosts results, forecasts
Economy|Finance|News

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S.

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
Finance|Stock Markets

Dow notches record high close after upbeat economic data

Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised

Dow notches record high close after upbeat economic data
Business|Economy|Finance

US regulator finds banks have work to do on climate risk, sources say

A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their

US regulator finds banks have work to do on climate risk, sources say
Business|Economy|Finance|Stock Markets

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 and Nasdaq.

Record highs abound, except in usual place
Business|Economy|Finance

China's mortgage loans fall, property development loans rise

China's mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a floor under

China's mortgage loans fall, property development loans rise
Economy|Europe|Finance

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

Inflation is down in Europe

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Economy|Finance

Lowest euro zone inflation in 3 years sets up ECB for cut

Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European

Lowest euro zone inflation in 3 years sets up ECB for cut

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