Today: September 23, 2024
Today: September 23, 2024

Finance

Business|Finance

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

(This Aug. 2 story has been corrected to read 'wanes for,' not 'hit by,' in the headline and to clarify that the 15% refers to those willing to increase their

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs
Business|Finance|Technology

Coinbase expects US to be crypto-friendly irrespective of election outcome

The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,

Coinbase expects US to be crypto-friendly irrespective of election outcome
Business|Economy|Finance

US equity fund inflows continued in week to July 31 amid rate cut hopes

Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an

US equity fund inflows continued in week to July 31 amid rate cut hopes
Economy|Europe|Finance

BoE's Pill says job not done on inflation, rates might not fall again soon

Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.

BoE's Pill says job not done on inflation, rates might not fall again soon
Business|Economy|Finance|Stock Markets|Technology

Tech-heavy Nasdaq in correction as equity selloff deepens

Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below

Tech-heavy Nasdaq in correction as equity selloff deepens
Election|Finance

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee

Democratic National Committee Chair Jaime Harrison says Vice President Kamala Harris has secured enough votes from party delegates to become the party's presidential nominee

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee
Business|Economy|Finance|News

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease

U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease
Economy|Europe|Finance|News

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll

Russia's central bank has no room to lower rates from 18% this year, a Reuters poll showed on Friday, with analysts forecasting inflation above the bank's 4% target in

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll
Business|Finance

Global equity funds attract sixth weekly inflow in a row

Global investors remained net buyers of equity funds for a sixth successive week through July 31, driven by expectations that the U.S.

Global equity funds attract sixth weekly inflow in a row
Economy|Finance|News

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Finance|Stock Markets|Technology

Snap shares plummet as weak outlook intensifies ad competition fears

Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business

Snap shares plummet as weak outlook intensifies ad competition fears
Finance|News|Political

US Treasury names acting senior sanctions official

Brad Smith, a veteran U.S. Treasury Department employee, will be acting under secretary for terrorism and financial intelligence, a U.S.

US Treasury names acting senior sanctions official
Business|Finance

LyondellBasell beats quarterly profit estimates, expects margins to improve

Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock

LyondellBasell beats quarterly profit estimates, expects margins to improve
Business|Finance

Genetic testing firm 23andMe rejects CEO's take-private offer

Genetic testing firm 23andMe will not go ahead with CEO Anne Wojcicki's take-private offer and has asked her to withdraw any plan to oppose any alternative deal, the company said on Friday.

Genetic testing firm 23andMe rejects CEO's take-private offer
Business|Finance

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious

Church & Dwight said on Friday it expects full-year sales and profit at the lower end of its previous forecast due to consumer hesitancy on spending for its higher-priced household and

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious
Business|Finance|Stock Markets

Cboe's quarterly profit beats estimates as investors crank up hedging activity

Cboe Global Markets reported higher-than-expected second-quarter profit on Friday, helped by strong growth in options trading, as geopolitical tensions and elevated interest rates prompted

Cboe's quarterly profit beats estimates as investors crank up hedging activity
Business|Economy|Finance

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production
Business|Europe|Finance

Europe's banks see biggest weekly selloff since March 2023

An index of European banks headed for its biggest weekly fall in 17 months on Friday, thanks to soft earnings earlier in the week and a global equity sell-off gathering pace.

Europe's banks see biggest weekly selloff since March 2023
Business|Finance|News

Exxon delivers $9.2 billion second-quarter profit, raises output target

Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil

Exxon delivers $9.2 billion second-quarter profit, raises output target
Business|Finance

Chevron earnings slide, Hess merger arbitration drags on

Chevron Corp on Friday posted sharply weaker second-quarter earnings and the oil major's CEO discounted the chance to close a $53 billion acquisition of

Chevron earnings slide, Hess merger arbitration drags on
Economy|Finance|News

Harris raised a massive $310 million in July, as she looks to reset November's race against Trump

Vice President Kamala Harris’ campaign has announced raising $310 million last month

Harris raised a massive $310 million in July, as she looks to reset November's race against Trump
Finance|Technology

Scam victims on Zelle rarely get their money back. A new bill could fix that

Scam victims on Zelle rarely get their money back. A new bill could fix that

Scam victims on Zelle rarely get their money back. A new bill could fix that
Business|Finance|Stock Markets

Walmart's low price promise in focus after Amazon's warning

Walmart's "Everyday Low Price" promise will be put to the test when it reports quarterly results, after rival Amazon.com's warning that customers

Walmart's low price promise in focus after Amazon's warning
Business|Economy|Finance|Technology

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money

Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money
Asia|Business|Economy|Finance

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic

Japan stocks plunge by nearly 6% in biggest drop since start of pandemic

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