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

Finance

Business|Economy|Finance

Brazil's central bank is not cornered into raising interest rates, says director Galipolo

Brazil's central bank director of monetary policy Gabriel Galipolo disagrees with those who interpret his recent statements as suggesting the central bank is cornered into

Brazil's central bank is not cornered into raising interest rates, says director Galipolo
Business|Finance|Stock Markets

Bristol-Myers Squibb-backed Zenas BioPharma files for US IPO

Bristol-Myers Squibb-backed Zenas BioPharma has filed to go public in the United States, a regulatory filing showed on Thursday, underscoring improving investor appetite for new listings.

Bristol-Myers Squibb-backed Zenas BioPharma files for US IPO
Business|Finance

US business equipment borrowings rise 13% in July, ELFA says

U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday.

US business equipment borrowings rise 13% in July, ELFA says
Business|Finance

Ex-FTX executive Salame's partner charged with violating US campaign finance laws

Michelle Bond, a former U.S. congressional candidate and the romantic partner of former FTX cryptocurrency exchange executive Ryan Salame, has been charged with

Ex-FTX executive Salame's partner charged with violating US campaign finance laws
Business|Finance

Fed has 'clear path' to achieving goals without recession, Collins says

Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring

Fed has 'clear path' to achieving goals without recession, Collins says
Business|Finance

CME, S&P explore sale of joint venture OSTTRA, Bloomberg News reports

Derivatives exchange CME Group and financial information company S&P Global are weighing a sale of joint venture OSTTRA, Bloomberg News reported on Thursday, citing people familiar with

CME, S&P explore sale of joint venture OSTTRA, Bloomberg News reports
Economy|Finance

Average rate on a 30-year mortgage eases to 6.46%, the lowest level in 15 months

The average rate on a 30-year mortgage eased this week to its lowest level in 15 months

Average rate on a 30-year mortgage eases to 6.46%, the lowest level in 15 months
Business|Finance

US 30-year fixed-rate mortgage slips to lowest level since May 2023

The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the

US 30-year fixed-rate mortgage slips to lowest level since May 2023
Business|Finance

Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast

Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations, but

Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast
Business|Finance

India may let foreign investors raise capital in rupees to invest overseas, source says

India may allow certain foreign investors to raise capital in rupees for investments in select countries, a government official said, in a move aimed at

India may let foreign investors raise capital in rupees to invest overseas, source says
Finance

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever

The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.    

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
Economy|Finance|News

Fed policymakers flag rate cuts as job market cools

By Ann Saphir and Michael S.

Fed policymakers flag rate cuts as job market cools
Business|Economy|Finance|News

US existing home sales rise more than expected in July

U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could

US existing home sales rise more than expected in July
Business|Economy|Finance

US business activity edges lower; pricing power ebbs further

U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a

US business activity edges lower; pricing power ebbs further
Asia|Business|Finance

PwC China faces 6-mth business ban, large fine over Evergrande audit, sources say

Chinese regulators will likely impose a six-month business suspension on a big part of PricewaterhouseCoopers' auditing unit in mainland China, as a

PwC China faces 6-mth business ban, large fine over Evergrande audit, sources say
Economy|Finance

Fed's Collins: will soon be appropriate to cut interest rates

It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the

Fed's Collins: will soon be appropriate to cut interest rates
Business|Finance|Technology

Tim Draper leads $2.5 million funding round for crypto startup Ark Labs

Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions and lower costs, has raised $2.5 million in a pre-seed funding round led by

Tim Draper leads $2.5 million funding round for crypto startup Ark Labs
Business|Economy|Finance

Peloton posts small rise in sales as turnaround takes root, shares jump

Peloton Interactive reported its first sales increase in nine quarters and beat estimates, indicating that the fitness equipment maker's years-long turnaround efforts were

Peloton posts small rise in sales as turnaround takes root, shares jump
Business|Entertainment|Finance

Disney names Gorman to chair its succession planning committee

The Walt Disney Co. has tapped James Gorman to lead its succession planning committee as the entertainment company continues to work toward finding someone to take over the helm from Bob Iger

Disney names Gorman to chair its succession planning committee
Business|Finance|Technology

Wall Street's next big test is looming with Nvidia's profit report

Nvidia's upcoming profit report on Wednesday carries big potential repercussions for the market

Wall Street's next big test is looming with Nvidia's profit report
Economy|Finance

Fed's Schmid signals open mind on September rate cut

Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the

Fed's Schmid signals open mind on September rate cut
Asia|Business|Finance|Technology

SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports

Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ($684 million) in electronics maker Sharp Corp, but the feasibility of the deal remains unclear,

SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports
Business|Economy|Europe|Finance

ECB policymakers shift focus to September meeting

European Central Bank policymakers saw no urgency in cutting interest rates last month but hinted at a fresh discussion in September as high rates take a toll on growth, the accounts of

ECB policymakers shift focus to September meeting
Business|Economy|Finance

Toronto market ends lower as rail stoppage threatens economy

Canada's main stock index pulled back from a record high on Thursday as Toronto-Dominion Bank reported its first loss in over two decades and a railroad stoppage

Toronto market ends lower as rail stoppage threatens economy
Business|Finance

Insurer Aegon books $400 million hit from higher US mortality

Dutch insurer Aegon booked a charge of around $400 million in the first half of 2024 to reflect higher death-related insurance claims in its key U.S.

Insurer Aegon books $400 million hit from higher US mortality

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