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

Finance

Business|Economy|Finance|News

US job market may be near tipping point, research shows

As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the

US job market may be near tipping point, research shows
Business|Finance|Technology

Third Point sees room for Apple stock price to climb, letter says

Billionaire hedge fund manager Daniel Loeb sees room for Apple's stock price to climb, especially if the technology company successfully harnesses artificial

Third Point sees room for Apple stock price to climb, letter says
Economy|Finance

Sterling climbs to highest since March 2022 against dollar

Sterling climbed to a more than two-year high on the dollar on Friday, on recent signs of strength in the UK economy and dovish comments from Federal Reserve Chair Jerome Powell that sent

Sterling climbs to highest since March 2022 against dollar
Business|Economy|Election|Finance|News

How the Biden-to-Harris switch turbocharged the presidential money race

How the Biden-to-Harris switch turbocharged the presidential money race

How the Biden-to-Harris switch turbocharged the presidential money race
Economy|Finance

Key quotes from Powell's speech at Fed's Jackson Hole conference

Here are key quotes from Federal Reserve Chair Jerome Powell's speech on Friday to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming: POLICY: "The time has come for

Key quotes from Powell's speech at Fed's Jackson Hole conference
Economy|Finance

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move
Business|Economy|Finance|Stock Markets

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
Economy|Europe|Finance

ECB policymakers' views converging on Sept rate cut, sources say

A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in

ECB policymakers' views converging on Sept rate cut, sources say
Business|Finance|Stock Markets

Societe Generale leaves London Metal Exchange's open-outcry trading floor

Societe Generale International will drop its membership of the London Metal Exchange's open-outcry trading floor, the exchange said on Friday, raising questions about

Societe Generale leaves London Metal Exchange's open-outcry trading floor
Business|Economy|Finance

Canada June retail sales down 0.3% as rates weigh; likely up in July

Canada's retail sales dropped in June, data showed on Friday, as consumers continued to feel the impact of high interest rates and cut back on discretionary

Canada June retail sales down 0.3% as rates weigh; likely up in July
Economy|Finance|Political|World

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s

Over the past 15 years, the world has seen a financial crisis, the rise of populist politics and a fracturing of the world economic order. Sounds all a bit pre-WWII, right?

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s
Business|Finance

Ozempic on Wall Street's list for 2027 Medicare drug negotiations

Now that the U.S. government has negotiated prices for some Medicare program drugs effective in 2026, Wall Street analysts are betting on a 2027 list that will

Ozempic on Wall Street's list for 2027 Medicare drug negotiations
Asia|Europe|Finance|Technology

China and UK must be able to talk frankly and cooperate, Starmer tells Xi

British Prime Minister Keir Starmer told Chinese President Xi Jinping on Friday the two countries must be able to talk frankly about their disagreements and also pursue

China and UK must be able to talk frankly and cooperate, Starmer tells Xi
Economy|Finance|Stock Markets

TSX hits record high as Fed chief signs off on rate cuts

Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the

TSX hits record high as Fed chief signs off on rate cuts
Business|Economy|Finance

Trump’s businesses are raking in millions of dollars from Republican political campaigns – including his own

Trump’s businesses are raking in millions of dollars from Republican political campaigns – including his own

Trump’s businesses are raking in millions of dollars from Republican political campaigns – including his own
Business|Europe|Fashion and Beauty|Finance|Stock Markets

Hugo Boss shareholder Frasers files request to buy more shares

Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with

Hugo Boss shareholder Frasers files request to buy more shares
Finance|Stock Markets

US equity funds draw large inflows on rate cut bets, easing growth concerns

U.S. equity funds attracted significant inflows in the seven days to Aug. 21, bolstered by bets of a Federal Reserve rate cut in September and easing worries about a potential downturn in

US equity funds draw large inflows on rate cut bets, easing growth concerns
Business|Economy|Finance|News|Stock Markets

Dollar stuck in a Hole as Powell speaks

A look at the day ahead in U.S. and global markets from Mike Dolan Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super

Dollar stuck in a Hole as Powell speaks
Business|Economy|Finance

Global equity funds see sharp inflows on Fed rate cut hopes

Global investors ploughed money into equity funds in the week to Aug. 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the U.S. economy.

Global equity funds see sharp inflows on Fed rate cut hopes
Economy|Finance

Wall Street ends sharply higher as Powell cements September rate cut hopes

U.S. stocks rallied on Friday as dovish remarks from U.S.

Wall Street ends sharply higher as Powell cements September rate cut hopes
Economy|Finance

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Africa|Economy|Finance|News

South African rand jumps as Fed's Powell signals lower rates

The South African rand jumped on Friday, after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month.

South African rand jumps as Fed's Powell signals lower rates
Economy|Europe|Finance

Euro zone consumers' inflation expectations hold steady, ECB survey shows

Euro zone consumers' inflation expectations over the next 12 months remained steady for the third month in a row in July, a European Central Bank survey showed on Friday.

Euro zone consumers' inflation expectations hold steady, ECB survey shows
Business|Economy|Finance

After battle with yuan bears, China is now keen to avoid sharp currency gains

Having spent all year trying to put a floor under the tumbling yuan, China's central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the

After battle with yuan bears, China is now keen to avoid sharp currency gains
Business|Economy|Finance

Investors rush to money market funds before Fed rate cut, BofA says

Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S.

Investors rush to money market funds before Fed rate cut, BofA says

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