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

Finance

Business|Economy|Finance

Six banks settle European bond price fixing litigation in New York

Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig

Six banks settle European bond price fixing litigation in New York
Election|Finance|Political

With trials pushed back, Trump sees first big dip in legal bills

As former President Donald Trump faces a supercharged Democratic fundraising effort, a persistent drag on his campaign’s coffers may be easing: legal expenses

With trials pushed back, Trump sees first big dip in legal bills
Business|Economy|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Finance|Stock Markets

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion

Nasdaq said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator through a secondary public offering.

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion
Economy|Finance

Debut of Bill Ackman's new fund delayed but expected to proceed

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman's new U.S. fund, Pershing Square USA, has been delayed, without

Debut of Bill Ackman's new fund delayed but expected to proceed
Economy|Finance

Michigan state pension fund makes $6.6 million bitcoin ETF investment

The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares

Michigan state pension fund makes $6.6 million bitcoin ETF investment
Business|Economy|Finance

Deutsche Bank says commercial real estate remains under pressure

Deutsche Bank on Wednesday tempered exepectations for a recovery in the commercial real estate market and said it forecasts further pressure in the

Deutsche Bank says commercial real estate remains under pressure
Business|Finance

Santander Brasil's net profit up 44% in Q2, beating forecasts

Santander Brasil's second-quarter recurring net profit jumped 44.3% on a yearly basis, the bank reported on Wednesday, topping market forecasts helped by higher lending and fees.

Santander Brasil's net profit up 44% in Q2, beating forecasts
Africa|Economy|Finance|Political

Kenya's president names John Mbadi as finance minister

Kenya's President William Ruto on Wednesday named John Mbadi as finance minister in a cabinet that includes opposition coalition members in a planned broad-based government.

Kenya's president names John Mbadi as finance minister
Business|Economy|Entertainment|Finance

Theater chain AMC forecasts Q2 loss due to fewer big releases

AMC Entertainment Holdings said on Wednesday it would report a loss for the second quarter compared to a profit in the year-ago period, blaming a thin slate of big releases due to last

Theater chain AMC forecasts Q2 loss due to fewer big releases
Business|Economy|Finance|Stock Markets

Blackstone's battered mortgage fund slumps as empty offices intensify pressure

Shares of commercial real estate finance company Blackstone Mortgage Trust fell 10% on Wednesday as the firm cut its dividend 24%, facing

Blackstone's battered mortgage fund slumps as empty offices intensify pressure
Economy|Finance

US spot ether ETFs see net inflows of $106 million on first day

The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world's second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they

US spot ether ETFs see net inflows of $106 million on first day
Business|Economy|Finance

Four UK high street banks broke retail competition rules, watchdog says

Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday.

Four UK high street banks broke retail competition rules, watchdog says
Business|Finance|Technology

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says

Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says
Economy|Finance|Stock Markets

Growth angst or air pocket? Stocks nurse losses

A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is

Growth angst or air pocket? Stocks nurse losses
Economy|Finance|Stock Markets

Dow closes more than 600 points higher as investors gear up for rate cuts

Dow closes more than 600 points higher as investors gear up for rate cuts

Dow closes more than 600 points higher as investors gear up for rate cuts
Economy|Finance

Inflation is inching closer toward the Fed’s 2% target

Inflation is inching closer toward the Fed’s 2% target

Inflation is inching closer toward the Fed’s 2% target
Crime|Economy|Finance

US prosecutors charge prominent short-seller with fraud

US prosecutors charge prominent short-seller with fraud

US prosecutors charge prominent short-seller with fraud
Business|Finance|Technology

Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant

The world's second-largest maker of memory chips, SK Hynix, said on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in its first chip plant in the

Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant
Business|Finance|Health

Dexcom shares plunge after it cuts annual revenue forecast

Medical device maker Dexcom cut its annual revenue forecast on Thursday, blaming a restructuring of its sales team, fewer customers, and lower revenue from each customer, sending its

Dexcom shares plunge after it cuts annual revenue forecast
Business|Economy|Finance|Political

US judge blocks latest version of labor department's fiduciary rule

A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement advisers who are considered

US judge blocks latest version of labor department's fiduciary rule
Crime|Economy|Finance

The trades that could bring down short-seller Andrew Left

U.S. authorities filed criminal and civil charges against Andrew Left, a prominent face of the activist short-selling industry, alleging he had for years manipulated the market and

The trades that could bring down short-seller Andrew Left
Business|Economy|Finance|Technology

Scotiabank resolves technical issue impacting thousands of its customers

Bank of Nova Scotia said on Friday that it has resolved a technical issue that impacted thousands of its clients in Canada, with several complaining about missing paychecks and

Scotiabank resolves technical issue impacting thousands of its customers
Business|Economy|Finance

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal
Business|Economy|Finance

Health insurer Centene confident about improving costs next year

Centene Corp said on Friday it expects medical costs to improve next year as states catch up with reassessment of enrollments for its Medicaid plans that

Health insurer Centene confident about improving costs next year

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