Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already.
August 04, 2024
A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S
August 04, 2024
Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more than two years, central bank data showed.
August 04, 2024
Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%
August 03, 2024
Americans' uncertainty around the economy continues to grow as the government’s latest jobs report fell short of expectations. Now, pressure is building on the Federal Reserve to lower interest rates in September. CNN's Brian Todd reports.
August 03, 2024
Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market because the investor is so revered and there had been little positive financial news lately
August 03, 2024
Abrdn finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on
August 03, 2024
Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the
August 03, 2024
S&P Global cut Ukraine's credit rating to 'selective' default on Friday, after the war-torn country missed an international bond payment this week as it puts the
August 03, 2024
SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and end
August 02, 2024
Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than
August 02, 2024
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years
August 02, 2024
JPMorgan Chase said on Friday it is considering whether to sue a U.S. consumer watchdog over the agency's inquiries into the Zelle payment app.
August 02, 2024
Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive pay package for Musk
August 02, 2024
A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors
August 02, 2024
A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change
August 02, 2024
The disappointing U.S. employment report for July unleashed a "Freakout Friday" moment in financial markets and triggered a wholesale resetting of expectations for how much
August 02, 2024
Dun & Bradstreet, a U.S. data and analytics provider that has a market value of more than $9 billion including debt, is exploring
August 02, 2024
Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with
August 02, 2024
Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will
August 02, 2024
An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing
August 02, 2024
Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles
August 02, 2024
A sharp drop in U.S. stocks is provoking selling from volatility-sensitive funds, exacerbating a selloff that has already brought the Nasdaq Composite into
August 02, 2024
Global equities sold off on Friday and U.S.
August 02, 2024
BNP Paribas' talks to buy the investment business of insurer AXA will trigger more deals, bankers say, as European money
August 02, 2024
Malaysian police rescue 187 more children as sex abuse probe of Islamic group deepens
China auto association flags concern over dealership losses to government
Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
Flood damage Romanian county of Galati seen at $13.9 million, says council
Swiss National Bank to cut rates by 25 bps on Thursday, hold in December- Reuters poll
ABBA’s Björn Ulvaeus marries for third time, with ‘Bake Off’ star Sandi Toksvig officiating
Carlos Alcaraz leads Team Europe to comeback victory over Team World in the Laver Cup
Cathay Pacific bans couple after seat-reclining spat