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

Finance

Business|Economy|Finance

Wells Fargo must face lawsuit over sham job interviews

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job

Wells Fargo must face lawsuit over sham job interviews
Economy|Finance|News

Poll: U.S. renters see house ownership out of reach

The American dream of owning a house might be out of reach for many, as new poll shows 86% of renters want to buy a house but believe they can’t afford it. CNN’s Matt Egan explains. 

Poll: U.S. renters see house ownership out of reach
Business|Economy|Finance

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar

Investment firm Sixth Street will acquire Enstar for $5.1 billion, in a deal backed by former Treasury Secretary Steven Mnuchin and billionaire J Christopher Flowers, the insurer said on

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar
Economy|Finance

Surging yen upends popular global FX carry trades

A perfect storm of political, policy and technical risks has upended one of the year's most popular currency trades, sending

Surging yen upends popular global FX carry trades
Economy|Finance

UK markets watchdog plans to simplify rules to boost competitiveness

Britain's financial watchdog on Monday launched two reviews of retail conduct and insurance rules to cut costs and improve competitiveness, now that a strict new duty

UK markets watchdog plans to simplify rules to boost competitiveness
Economy|Europe|Finance

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances

Britain's new finance minister, Rachel Reeves, told parliament her Conservative predecessor had left public spending on track to go over budget

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances
Economy|Finance

UK finance minister Rachel Reeves to hold first budget on Oct. 30

British finance minister Rachel Reeves told parliament on Monday that she would hold her first annual budget on Oct. 30, after the Labour Party won a decisive election victory on

UK finance minister Rachel Reeves to hold first budget on Oct. 30
Economy|Finance

Discount window reform bill introduced as Fed works on its own overhaul

Federal Reserve efforts to overhaul a key emergency lending facility historically viewed with anxiety by banks are now being joined by potential congressional action.

Discount window reform bill introduced as Fed works on its own overhaul
Americas|Economy|Finance

Venezuela's sovereign, PDVSA bonds drop after contested election result

Venezuela's bonds and those of state oil firm PDVSA fell deeper into distressed territory on Monday after both President Nicolas Maduro and

Venezuela's sovereign, PDVSA bonds drop after contested election result
Business|Finance|Health

RSV vaccine makers vying for market share in second year of shots

Pfizer's, GSK's and Moderna's competition for arms for their new respiratory syncytial virus (RSV) vaccines is on Wall Street's watch list for when the companies report

RSV vaccine makers vying for market share in second year of shots
Business|Economy|Finance

Ola Electric to raise $734 million in India's biggest IPO this year

Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to

Ola Electric to raise $734 million in India's biggest IPO this year
Business|Economy|Finance

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million

-U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Business|Finance

Hong Kong's New World secures two yuan loans to lower funding costs, source says

Hong Kong property developer New World Development this month secured two onshore loans totalling 1.4 billion yuan ($193 million) as it seeks to further lower funding

Hong Kong's New World secures two yuan loans to lower funding costs, source says
Economy|Finance|Lifestyle|Travel

‘I don’t have a budget’: Why people are going into debt to travel

‘I don’t have a budget’: Why people are going into debt to travel

‘I don’t have a budget’: Why people are going into debt to travel
Election|Finance|Stock Markets

US-listed crypto stocks retreat following Trump-fueled spike

Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June.

US-listed crypto stocks retreat following Trump-fueled spike
Economy|Finance|News

Calmer, but for how long?

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets Things are feeling calmer on Monday morning, though we will see how long that

Calmer, but for how long?
Economy|Finance|Stock Markets

S&P 500 barely rises as investors await key results, jobs data, Fed meeting

The S&P 500 closed barely higher after Monday's choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a

S&P 500 barely rises as investors await key results, jobs data, Fed meeting
Economy|Finance

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Finance|Health

Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

Abbott Laboratories' shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to pay $495 million in damages

Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser
Economy|Finance

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Economy|Finance

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Economy|Finance

Economic uncertainties still prevent rate cut in Brazil, official says

The global economic uncertainties that led Brazil's central bank to halt its monetary easing cycle have persisted, preventing an interest

Economic uncertainties still prevent rate cut in Brazil, official says
Economy|Finance

US yield curve nears flip with jury out on recession signal

The longest and deepest U.S. Treasury yield curve inversion in history, a key bond market signal of an upcoming recession, could be nearing its end.

US yield curve nears flip with jury out on recession signal
Economy|Finance|Stock Markets|Technology

US stock turbulence throws spotlight on Big Tech's valuations

A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for

US stock turbulence throws spotlight on Big Tech's valuations
Business|Europe|Finance|Stock Markets

Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says

Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a

Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says

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