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

Finance

Business|Finance

Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports

Hedge fund Two Sigma is likely to have to pay as much as $100 million to resolve a U.S.

September 19, 2024
Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports
Business|Economy|Finance|News|Stock Markets

Union Pacific expects revenue to grow faster than volumes over next three years

U.S. railroad Union Pacific said on Thursday it expects its revenue to grow faster than volumes over the next three years, outpacing the market.

September 19, 2024
Union Pacific expects revenue to grow faster than volumes over next three years
Asia|Business|Economy|Finance

Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash

Sri Lanka reached a draft deal with creditors to restructure $12.5 billion of international bonds, it said on Thursday, in a

September 19, 2024
Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash
Business|Economy|Finance|News

So, the Fed cut rates? It’s still not the best time to buy a house

CNN’s Rahel Solomon talks to finance analyst Greg McBride, who puts the Fed’s first rate cut in years into perspective for homebuyers.

September 19, 2024
So, the Fed cut rates? It’s still not the best time to buy a house
Business|Europe|Finance

German media empire Axel Springer to split in deal with KKR

German media empire Axel Springer will be split between CEO Mathias Doepfner and private equity firm KKR, the company said on Thursday, in a deal that secures the

September 19, 2024
German media empire Axel Springer to split in deal with KKR
Business|Economy|Finance|Stock Markets

US holiday sales to grow 3% again with promotions in focus, Mastercard forecasts

U.S. retail sales are expected to rise 3.2% in the holiday season as companies look to deals to attract thrifty shoppers during a shorter-than-usual shopping window this year, a Mastercard

September 19, 2024
US holiday sales to grow 3% again with promotions in focus, Mastercard forecasts
Business|Economy|Finance|News

Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut

Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut

September 19, 2024
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Business|Economy|Finance|News

US home sales fell in August despite easing mortgage rates, more homes on the market

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising

September 19, 2024
US home sales fell in August despite easing mortgage rates, more homes on the market
Business|Economy|Finance

US current account deficit widens sharply in second quarter on imports

The U.S. current account deficit widened sharply in the second quarter, reaching its highest level in more than two years amid a surge in imports of goods.

September 19, 2024
US current account deficit widens sharply in second quarter on imports
Africa|Economy|Finance|News

South Africa central bank joins easing club with 25 basis point rate cut

South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although

September 19, 2024
South Africa central bank joins easing club with 25 basis point rate cut
Business|Economy|Finance|News

Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut

Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut

September 19, 2024
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Business|Europe|Finance|Technology

European Union moves to compel Apple to open up operating system to rival tech

The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc’s tough new digital rulebook, which threatens hefty fines for breaches

September 19, 2024
European Union moves to compel Apple to open up operating system to rival tech
Business|Economy|Finance|News

Weekly applications for US jobless benefits fall to the lowest level in 4 months

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week

September 19, 2024
Weekly applications for US jobless benefits fall to the lowest level in 4 months
Business|Economy|Finance|Stock Markets|Technology

US-listed crypto stocks jump after bumper rate cut from Fed

U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut boosted risk appetite, adding to the momentum of an industry that has already

September 19, 2024
US-listed crypto stocks jump after bumper rate cut from Fed
Business|Economy|Finance|News|Stock Markets

US homebuilder stocks surge on hopes for demand boost after Fed rate cuts

Shares of major U.S. homebuilders rose in early trading on Thursday as the Federal Reserve's rate-cut cycle is expected to ease pressure on mortgage rates, driving demand

September 19, 2024
US homebuilder stocks surge on hopes for demand boost after Fed rate cuts
Business|Economy|Finance|News

Bank of Canada: consensus decisions don't mean all members agree on path for rates

Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy

September 19, 2024
Bank of Canada: consensus decisions don't mean all members agree on path for rates
Business|Finance|Health

US FDA declines to approve Vanda's stomach condition drug

Vanda Pharmaceuticals said on Thursday the U.S.

September 19, 2024
US FDA declines to approve Vanda's stomach condition drug
Economy|Europe|Finance|News

Czechs to provide $1.3 billion for flood damage in 2024 budget amendment

The Czech finance ministry will provide 30 billion crowns ($1.34 billion) to tackle flood damage under an amendment of its 2024 budget and will allocate a further 10 billion crowns

September 19, 2024
Czechs to provide $1.3 billion for flood damage in 2024 budget amendment
Business|Finance|Technology

Intel says it has no plans to divest majority stake in Mobileye

Intel said on Thursday it had no plans to sell its majority stake in Mobileye Global, sending shares of the self-driving tech firm up more than 8% in premarket trading.

September 19, 2024
Intel says it has no plans to divest majority stake in Mobileye
Business|Economy|Europe|Finance|Stock Markets

Cautious Bank of England hold rates, extends bond reduction plan

The Bank of England kept interest rates at 5.0% on Thursday, saying it would be careful about future cuts, and also held off from running down its

September 19, 2024
Cautious Bank of England hold rates, extends bond reduction plan
Business|Economy|Europe|Finance|Stock Markets

ECB's role in any UniCredit and Commerzbank combination

UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while

September 19, 2024
ECB's role in any UniCredit and Commerzbank combination
Economy|Finance|Stock Markets

Bank of England leaves rates at 5%, pound hits highest since March 2022

The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming

September 19, 2024
Bank of England leaves rates at 5%, pound hits highest since March 2022
Business|Economy|Finance

UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet

For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape.

September 19, 2024
UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
Business|Finance

Target names PepsiCo executive Jim Lee as CFO

U.S. retailer Target on Thursday named long-time PepsiCo executive Jim Lee as its chief financial officer effective Sept. 22.

September 19, 2024
Target names PepsiCo executive Jim Lee as CFO
Business|Economy|Finance|Stock Markets

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure

September 19, 2024
US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

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