Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Economy|Finance

‘The party is over’ as Tupperware files for bankruptcy after years of troubles

‘The party is over’ as Tupperware files for bankruptcy after years of troubles

September 18, 2024
‘The party is over’ as Tupperware files for bankruptcy after years of troubles
Economy|Finance|News

Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut

Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut

September 18, 2024
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut
Business|Economy|Finance

US 30-year mortgage rate falls to two-year low of 6.15%

The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates on

September 18, 2024
US 30-year mortgage rate falls to two-year low of 6.15%
Economy|Finance|News

Federal Reserve signals end to inflation fight with a sizable half-point rate cut

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers

September 18, 2024
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
Business|Economy|Finance|News|Stock Markets

US SEC to allow exchanges to quote sub-penny prices in bid to boost competition

Wall Street's top regulator on Wednesday is set to adopt new rules for pricing stocks at less than a penny, part of a larger package of proposed reforms that could

September 18, 2024
US SEC to allow exchanges to quote sub-penny prices in bid to boost competition
Americas|Business|Economy|Finance|News

Brazil's tinkering to meet fiscal target threatens to dent credibility

As Brazil struggles to meet its year-end budget target, the government has become increasingly creative with how it accounts for spending, tax

September 18, 2024
Brazil's tinkering to meet fiscal target threatens to dent credibility
Business|Economy|Finance|News|Stock Markets

What does a Fed rate cut mean for American households?

The Federal Reserve cut U.S. short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment that should start to

September 18, 2024
What does a Fed rate cut mean for American households?
Business|Economy|Finance|Stock Markets

Equities close slightly lower, trade choppy after Fed rate cut

U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high

September 18, 2024
Equities close slightly lower, trade choppy after Fed rate cut
Finance|News

UK house prices rise for fifth month in July, ONS says

British house prices rose by an annual 2.2% in July, the fifth monthly rise in a row but the pace of increase cooled and was below a revised 2.7% increase in the 12 months to June,

September 18, 2024
UK house prices rise for fifth month in July, ONS says
Business|Economy|Finance

How some hedge funds would trade a rate cutting cycle

While many investors hope falling interest rates will usher in a soft economic landing, others forecast a calm before the storm.

September 18, 2024
How some hedge funds would trade a rate cutting cycle
Asia|Business|Economy|Finance

Japan says economy in moderate recovery, cautious on risks

Japan's government said on Wednesday the economy was in moderate recovery but it remains cautious due to potential global economic risks and financial market volatility.

September 18, 2024
Japan says economy in moderate recovery, cautious on risks
Asia|Business|Finance|Stock Markets|Technology

China chip stocks surge on government equipment list

Shares in several Chinese companies linked to the semiconductor industry surged on Wednesday, driven by investor excitement over a government list that some interpret as signaling

September 18, 2024
China chip stocks surge on government equipment list
Economy|Europe|Finance

France's Barnier swept into growing budget crisis

French Prime Minister Michel Barnier came under pressure on Wednesday to clarify how he will plug a gaping hole in the public finances as the central bank and public

September 18, 2024
France's Barnier swept into growing budget crisis
Business|Economy|Europe|Finance|News|Stock Markets

European shares end lower with Fed's big rate verdict in focus

European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important interest rate decision by the U.S.

September 18, 2024
European shares end lower with Fed's big rate verdict in focus
Business|Europe|Finance

Commerzbank readies talks with UniCredit but remains defensive

Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's supervisory board meets next week, two

September 18, 2024
Commerzbank readies talks with UniCredit but remains defensive
Business|Europe|Finance|Technology

EU court confirms Qualcomm's antitrust fine, with minor reduction

Europe's second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm, revising it down slightly to 238.7 million euros

September 18, 2024
EU court confirms Qualcomm's antitrust fine, with minor reduction
Business|Europe|Finance|Technology

Google wins EU antitrust fine fight but setback for Qualcomm

Alphabet unit Google won a legal challenge on Wednesday against a 1.49 billion euro ($1.7 billion) European Union antitrust fine, while Qualcomm failed to repeal a

September 18, 2024
Google wins EU antitrust fine fight but setback for Qualcomm
Asia|Business|Economy|Finance|News

Indonesia's central bank front runs Fed with surprise rate cut

Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of

September 18, 2024
Indonesia's central bank front runs Fed with surprise rate cut
Finance

Tax hikes must be part of French debt reduction drive, cenbank chief says

The bulk of France's debt reducing drive must come from spending cuts but tax increases will also be required, notably if they target wealthy taxpayers and large companies, French

September 18, 2024
Tax hikes must be part of French debt reduction drive, cenbank chief says
Business|Economy|Europe|Finance|Stock Markets

London stocks drop after inflation data, focus shifts to Fed

British stock indexes dropped on Wednesday as investors reined in bets on interest rate cuts by the Bank of England, while global risk sentiment

September 18, 2024
London stocks drop after inflation data, focus shifts to Fed
Business|Europe|Finance|Technology

Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case

Google has won a court challenge against a 1.49 billion euro European Union antitrust fine imposed five years ago that targeted its online advertising business

September 18, 2024
Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case
Economy|Europe|Finance|News

UK inflation holds at 2.2% but services prices keep BoE on alert

British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets

September 18, 2024
UK inflation holds at 2.2% but services prices keep BoE on alert
Business|Economy|Finance|Stock Markets

BoE quantitative tightening goal entangled in 'fiscal jiggery-pokery': Mike Dolan

The Bank of England may sit out this month's interest rate cutting bonanza, but Thursday's meeting will still be meaningful, as it will throw a spotlight on the BoE's

September 18, 2024
BoE quantitative tightening goal entangled in 'fiscal jiggery-pokery': Mike Dolan
Australia|Business|Finance|Lifestyle

Australia's Harvey Norman served with class action over warranties

Australia's biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties, law

September 18, 2024
Australia's Harvey Norman served with class action over warranties
Business|Economy|Finance

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point

September 18, 2024
Fed unveils oversized rate cut as it gains 'greater confidence' about inflation

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