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

Finance

Business|Finance|Technology

Nvidia fails to impress growth-hungry investors, shares fall

Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of

Nvidia fails to impress growth-hungry investors, shares fall
Business|Finance|Technology

HP forecasts downbeat profit as weak PC market, competition weigh

HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers market and

HP forecasts downbeat profit as weak PC market, competition weigh
Business|Finance

Chipotle names company veteran Adam Rymer as finance chief

Chipotle Mexican Grill on Wednesday appointed Adam Rymer as its chief financial officer from Oct. 1. Rymer is a 15-year Chipotle veteran, who previously served as vice president of finance.

Chipotle names company veteran Adam Rymer as finance chief
Business|Crime|Economy|Finance

New US rules try to make it harder for criminals to launder money by paying cash for homes

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

New US rules try to make it harder for criminals to launder money by paying cash for homes
Business|Economy|Finance|Technology

Salesforce beats quarterly estimates on cloud demand, says CFO to step down

Salesforce beat Wall Street expectations for second-quarter revenue and profit on Wednesday, benefiting from higher spending on its enterprise cloud products, sending

Salesforce beats quarterly estimates on cloud demand, says CFO to step down
Finance|Technology

OpenAI in talks to raise funding at over $100 billion valuation, WSJ reports

OpenAI, the startup behind the popular ChatGPT, is reportedly in discussions to raise billions of dollars in a new funding round that could see it valued at above $100 billion, the Wall

OpenAI in talks to raise funding at over $100 billion valuation, WSJ reports
Economy|Finance

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
Economy|Europe|Finance

Italy to stick with commitment to cut deficit below EU's 3% ceiling in 2026

Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union's 3% ceiling in 2026 in the Treasury's medium-term structural budget

Italy to stick with commitment to cut deficit below EU's 3% ceiling in 2026
Business|Economy|Finance

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister

Brazil's President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution's next governor,

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister
Economy|Finance|News

Israeli central bank holds key rate, cuts unlikely until 2025

The Bank of Israel kept interest rates unchanged on Wednesday for the fifth-straight meeting, citing geopolitical uncertainty that has raised economic risks,

Israeli central bank holds key rate, cuts unlikely until 2025
Economy|Finance

Israel central bank unlikely to cut rates again in 2024, deputy governor says

The Bank of Israel is unlikely to lower short-term interest rates at its remaining two 2024 policy meetings given rising price pressures and persisting geopolitical risk, deputy

Israel central bank unlikely to cut rates again in 2024, deputy governor says
Business|Economy|Finance

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%
Business|Finance|Stock Markets|Technology

Nvidia beat earnings expectations again. Investors aren’t impressed

Nvidia beat earnings expectations again. Investors aren’t impressed

Nvidia beat earnings expectations again. Investors aren’t impressed
Business|Finance|Technology

Meta faces $3.6 million fine in Brazil for allowing bogus Havan ads

By Victor Pinheiro SÃO PAULO - Meta Platforms faces a fine of up to $3.62 million after losing a lawsuit by Brazilian department store chain Havan that accused the social media company of accepting

Meta faces $3.6 million fine in Brazil for allowing bogus Havan ads
Business|Finance|Technology

US SEC threatens to sue NFT marketplace OpenSea, CEO says

The U.S.

US SEC threatens to sue NFT marketplace OpenSea, CEO says
Business|Finance|Stock Markets

Wall Street just gave Warren Buffett an early birthday gift: Berkshire Hathaway is now worth $1 trillion

Wall Street just gave Warren Buffett an early birthday gift: Berkshire Hathaway is now worth $1 trillion

Wall Street just gave Warren Buffett an early birthday gift: Berkshire Hathaway is now worth $1 trillion
Business|Entertainment|Finance|Technology

Cyberpunk maker CD Projekt's first-half net profit jumps 88%

Poland's biggest games developer CD Projekt posted on Wednesday an 88% year-on-year jump in its first-half net profit, driven by higher sales of its flagship Cyberpunk game.

Cyberpunk maker CD Projekt's first-half net profit jumps 88%
Business|Economy|Finance|Health|News

Biden cap on drug costs will save US seniors over $1,000 a year, study finds

More than 1 million people in the U.S. will save over $1,000 a year beginning in 2025, when an annual $2,000 cap on prescription drug out-of-

Biden cap on drug costs will save US seniors over $1,000 a year, study finds
Economy|Finance

Swiss banker says super-rich tax proposal is 'nuclear bomb' for Switzerland

A tax on the super-rich pitched by the youth wing of one of Switzerland's main political parties is "extremely dangerous" for the country, a top Swiss banker said on Wednesday,

Swiss banker says super-rich tax proposal is 'nuclear bomb' for Switzerland
Business|Finance

What were India's antitrust concerns over Disney-Reliance deal

Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion merger of

What were India's antitrust concerns over Disney-Reliance deal
Economy|Europe|Finance

Portugal proposes austerity-era finance minister for EU Commissioner

Portugal's centre-right government proposed on Wednesday former finance minister Maria Luis Albuquerque, who led the country's austerity efforts a decade ago following an

Portugal proposes austerity-era finance minister for EU Commissioner
Business|Finance

US SEC to require monthly reports on investment fund holdings for transparency

Wall Street's top regulator moved on Wednesday to increase transparency for regulators and investors in mutual and exchange-traded funds by requiring them to

US SEC to require monthly reports on investment fund holdings for transparency
Business|Finance|Stock Markets

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value

Berkshire Hathaway's market value closed above $1 trillion for the first time on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value
Business|Economy|Finance|Stock Markets

Toronto market falls for second day as investors book profits

Canada's main stock index extended its pullback from a record high on Wednesday, as profit-taking in most sectors of the market offset gains for financials after stronger-

Toronto market falls for second day as investors book profits
Economy|Finance

Brazil's central bank chief wants flexibility for next rate decision

Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back

Brazil's central bank chief wants flexibility for next rate decision

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