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

Finance

Business|Finance

Elliott, Southwest to meet in September as firm lays out case for change

Elliott Investment Management and Southwest Airlines will meet early next month for the first time to discuss potential changes at the airline, both

Elliott, Southwest to meet in September as firm lays out case for change
Business|Finance

TSX posts record high on rotation into commodity-linked shares

Canada's main stock rose to an all-time high on Monday as a jump in oil prices boosted energy shares, and ahead of quarterly earnings this week from five of Canada's six

TSX posts record high on rotation into commodity-linked shares
Business|Finance

Kroger and Albertsons defend merger plan in federal court against US regulators' objections

A lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t allowed to proceed

Kroger and Albertsons defend merger plan in federal court against US regulators' objections
Business|Economy|Finance|News

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home
Asia|Business|Finance

China's PDD suffers $55 billion market cap wipeout after flagging an uncertain market

China's PDD Holdings missed market estimates for quarterly revenue on Monday, and downbeat comments from executives about China's domestic e-commerce

China's PDD suffers $55 billion market cap wipeout after flagging an uncertain market
Business|Finance|Stock Markets

S&P 500 ends lower, weighed down by Nvidia dip

The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflation

S&P 500 ends lower, weighed down by Nvidia dip
Business|Economy|Finance

With Fed's shift to job market risks done, policy now has to catch up

In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up

With Fed's shift to job market risks done, policy now has to catch up
Business|Economy|Finance|News

Kroger case tests FTC Chair Khan's bid to protect workers

Federal Trade Commission Chair Lina Khan's initiative to use antitrust laws to protect workers is being tested at a trial that began on Monday, as the agency alleges that

Kroger case tests FTC Chair Khan's bid to protect workers
Economy|Finance

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing”

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance
Finance|Stock Markets

Rate-cut hopes meet Mid-East risks

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Not for the first time, financial markets are reminded why it's never a good idea to get too far ahead.

Rate-cut hopes meet Mid-East risks
Business|Economy|Europe|Finance

Chip stocks slip, keeping European shares muted ahead of data-heavy week

European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked

Chip stocks slip, keeping European shares muted ahead of data-heavy week
Business|Economy|Finance|Technology

India to launch platform for rural, small business lending, cenbank governor says

India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies,

India to launch platform for rural, small business lending, cenbank governor says
Australia|Business|Finance|Stock Markets

Woodside Energy earnings set to dip as investors eye strategic deals

Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its

Woodside Energy earnings set to dip as investors eye strategic deals
Business|Economy|Finance

Darkening global outlook, central bank pivots signal more turbulence

Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global

Darkening global outlook, central bank pivots signal more turbulence
Economy|Europe|Finance|Stock Markets

Markets reassured by the Powell put

A look at the day ahead in European and global markets from Wayne Cole. Asia has seen an extension of the Powell rally so far on Monday with yields and the dollar down, and most stocks edging higher.

Markets reassured by the Powell put
Economy|Finance

India's growth likely slowed to 6.9% last quarter as government spending lagged: Reuters poll

India's economic growth likely moderated and grew at its slowest pace in a year in the April-June quarter due to lower government spending amid a national

India's growth likely slowed to 6.9% last quarter as government spending lagged: Reuters poll
Asia|Economy|Finance|Stock Markets

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower

The Dow Jones Industrial Average closed at a record high on Wall Street, even as losses for Big Tech companies pulled the S&P 500 and the Nasdaq composite lower

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower
Business|Economy|Finance

China central bank rolls over maturing loans, injects cash

China's central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as

China central bank rolls over maturing loans, injects cash
Business|Economy|Finance

Safe-haven yen, US dollar rally on escalating Middle East tension

The U.S. dollar rallied from an eight-month low on Monday, while the yen rose against most currencies, as geopolitical tension in the Middle East

Safe-haven yen, US dollar rally on escalating Middle East tension
Business|Finance

Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets

Earnings of Australia's top supermarket chains are likely to show constricted spending presenting a challenging outlook for Woolworths and Coles, as consumers

Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets
Asia|Economy|Finance

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
Business|Finance|MidEast|News|World

Oil climbs 3% as Libya output cuts further supply concerns

Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.

Oil climbs 3% as Libya output cuts further supply concerns
Asia|Business|Finance

US rate cuts loom as BoJ warns of hikes

A look at the day ahead in Asian markets by Noel Randewich.

US rate cuts loom as BoJ warns of hikes
Business|Finance

Industrialist Anil Ambani considers response to ban from Indian markets watchdog

Industrialist Anil Ambani is reviewing the Indian markets regulator’s order banning him and 24 others from the securities market for five years on charges of diversion of funds,

Industrialist Anil Ambani considers response to ban from Indian markets watchdog
Business|Economy|Finance|News

Kroger and Albertsons hope to merge but must face a skeptical US government in court first

The largest proposed grocery merger in U.S. history is heading to court

Kroger and Albertsons hope to merge but must face a skeptical US government in court first

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