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

Finance

Business|Economy|Finance|Stock Markets|Technology

Rethinking recession risks and AI, markets take fright

A look at the day ahead in U.S. and global markets from Mike Dolan August looks anxious already - as stock markets take fright at Big Tech earnings and start to reconsider 'hard landing' scenarios for

Rethinking recession risks and AI, markets take fright
Finance|News

Harris raises $310 million in July as campaign shakeup energizes donors

The Harris campaign announced on Friday that it raised $310 million in July, fueled by small-dollar donations that flowed into the war chest after President Joe Biden

Harris raises $310 million in July as campaign shakeup energizes donors
Business|Finance|Stock Markets

Stocks drop, Nasdaq confirms correction as recession fears mount

U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked

Stocks drop, Nasdaq confirms correction as recession fears mount
Africa|Economy|Finance

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister

Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday.

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister
Business|Economy|Finance|News

Fed rate cuts loom large as US job market slows sharply

U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job

Fed rate cuts loom large as US job market slows sharply
Business|Economy|Finance|Stock Markets

Global rate cuts? We're halfway there

Global stock markets tumbled on Monday at the start of another volatile week, as a so-far reasonably robust earnings season failed to offset fears of a U.S. recession and worries that

Global rate cuts? We're halfway there
Business|Economy|Finance|World

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says

Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and restore debt sustainability, the International Monetary Fund

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says
Business|Finance|Technology

Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a

Intel shares slump 26% as turnaround struggle deepens
Business|Europe|Finance|Stock Markets

European shares tumble as global equity rout amplifies

Europe's STOXX 600 fell close to 3% on Friday as global equity markets ran into turbulence after a U.S. jobs report exacerbated worries of an economic

European shares tumble as global equity rout amplifies
Business|Finance|Technology

Nvidia shares fall 2% in Frankfurt after media report of US probe

Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival

Nvidia shares fall 2% in Frankfurt after media report of US probe
Asia|Economy|Finance

China central bank adviser calls for greater stimulus, inflation goal

China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a "low inflation trap", a central bank policy

China central bank adviser calls for greater stimulus, inflation goal
Business|Finance|Stock Markets|Technology

Amazon shares drop on slowing online sales growth

Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper

Amazon shares drop on slowing online sales growth
Business|Europe|Finance|Stock Markets

New worries over growth spook markets

A look at the day ahead in European and global markets from Rae Wee It's been a rollercoaster ride of a week and Friday is shaping up to be no exception for investors, with risk assets in particular

New worries over growth spook markets
Economy|Finance

Flaring economic worries threaten US stocks rally

Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S.

Flaring economic worries threaten US stocks rally
Asia|Business|Finance

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
Economy|Finance

Australia, NZ dollars grapple with risk aversion as US growth fears weigh

The Australian dollar was pinned near three-month lows on Friday as weak U.S. data fuelled fears of a sharp slowdown in the world's largest economy, sending investors to the embrace

Australia, NZ dollars grapple with risk aversion as US growth fears weigh
Business|Finance|Stock Markets

Buffett's sales of Bank of America top $3.8 billion

Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S.

Buffett's sales of Bank of America top $3.8 billion
Business|Finance|Technology

Philippine's Mynt gets valuation boost at $5 billion with Ayala, MUFG funding

Mynt, which operates the Philippine e-wallet brand and IPO-hopeful GCash, has more than doubled its valuation to $5 billion following investments from Ayala Corp and

Philippine's Mynt gets valuation boost at $5 billion with Ayala, MUFG funding
Business|Economy|Finance|Stock Markets

Oil falls, Brent settles at 7-month low after disappointing US job numbers

Oil prices fell on Friday, with

Oil falls, Brent settles at 7-month low after disappointing US job numbers
Business|Economy|Finance

Dollar hits four-month low as weak US jobs data boosts rate cut bets

The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will

Dollar hits four-month low as weak US jobs data boosts rate cut bets
Business|Finance|News|Sports

US judge throws out $4.7 billion verdict against NFL in 'Sunday Ticket' lawsuit

A U.S. judge in California on Thursday threw out a $4.7 billion verdict against the National Football League in a lawsuit claiming it overcharged subscribers to its Sunday

US judge throws out $4.7 billion verdict against NFL in 'Sunday Ticket' lawsuit
Business|Economy|Finance

RBA to hold rates steady in August; first cut seen in early 2025: Reuters poll

The Reserve Bank of Australia will hold interest rates on Tuesday at near a 13-year high and wait until the first quarter of 2025 before reducing them,

RBA to hold rates steady in August; first cut seen in early 2025: Reuters poll
Asia|Business|Finance

OCBC's Q2 profit tops expectations, says on track to meet 2024 targets

Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a stronger-than-expected 14% year-on-year jump in second quarter net

OCBC's Q2 profit tops expectations, says on track to meet 2024 targets
Election|Finance|Political

Trump campaign reports raising $137 million in July, falling short of Harris' first-week total

Republican former President Donald Trump’s campaign and its related affiliates say they raised $138.7 million last month

Trump campaign reports raising $137 million in July, falling short of Harris' first-week total
Economy|Finance

Trump wants to stop taxing Social Security benefits. Here’s what that could mean for seniors

Trump wants to stop taxing Social Security benefits. Here’s what that could mean for seniors

Trump wants to stop taxing Social Security benefits. Here’s what that could mean for seniors

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