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

Finance

Business|Finance|Sports|Stock Markets

Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear

Deckers Outdoor shares jumped as much as 17% on Friday, after multiple brokerages raised their price targets following the company's bet on full-price sales of its

Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear
Business|Finance|Technology

Microsoft's LinkedIn settles advertisers' lawsuit over alleged overcharges

LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched

Microsoft's LinkedIn settles advertisers' lawsuit over alleged overcharges
Business|Economy|Finance

India's central bank fines Visa for unauthorised payment method

The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank

India's central bank fines Visa for unauthorised payment method
Business|Entertainment|Finance

Private equity giant Apollo invests $700 million in Sony Music

Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade"

Private equity giant Apollo invests $700 million in Sony Music
Economy|Finance

INSTANT VIEW: US inflation rises moderately in June

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

INSTANT VIEW: US inflation rises moderately in June
Economy|Finance|Stock Markets|Technology

US equity funds attract inflows, defying a tech selloff

U.S. investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility

US equity funds attract inflows, defying a tech selloff
Economy|Finance

G20 financial chiefs flag global economic 'soft landing', warn of risks from war

G20 financial leaders said on Friday the global economy was likely heading for a "soft landing", but warned wars and escalating conflicts

G20 financial chiefs flag global economic 'soft landing', warn of risks from war
Economy|Finance

Citron's Andrew Left faces US criminal charges over alleged fraud

U.S. authorities charged prominent activist short seller Andrew Left and his fund Citron Capital, alleging he had for years manipulated the market and defrauded investors

Citron's Andrew Left faces US criminal charges over alleged fraud
Crime|Economy|Finance

Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme

Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
Economy|Finance

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Economy|Finance|Stock Markets

Global equity funds draw fifth weekly inflow on earnings hopes

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-

Global equity funds draw fifth weekly inflow on earnings hopes
Economy|Finance|News

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|Finance

Fed seen on track for September rate cut after good inflation data

Federal Reserve policymakers on Friday got fresh evidence of progress on inflation, fueling expectations they will use the U.S. central bank's meeting next week to signal they

Fed seen on track for September rate cut after good inflation data
Crime|Finance|Stock Markets

US indicts Andrew Left in $16 million stock market manipulation scheme

A federal grand jury has indicted prominent activist short seller Andrew Left on multiple counts of securities fraud for a long-running $16 million market manipulation scheme,

US indicts Andrew Left in $16 million stock market manipulation scheme
Business|Finance

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Asia|Business|Finance|Stock Markets

Chinese EV battery maker CATL posts faster profit growth in Q2

Chinese electric vehicle battery giant CATL recorded faster profit growth in the second quarter, even as EV demand slows in the world's largest auto market while geopolitical

Chinese EV battery maker CATL posts faster profit growth in Q2
Business|Finance

T Rowe Price's profit jumps on boost from market rally

Asset manager T Rowe Price reported an 11% jump in second-quarter adjusted profit on Friday, helped by a relentless market rally that has boosted the value of clients' investments and

T Rowe Price's profit jumps on boost from market rally
Economy|Finance

Treasury likely to keep most auction sizes steady for now

The U.S. Treasury Department is likely to announce next week that it will keep most of its coupon-bearing U.S.

Treasury likely to keep most auction sizes steady for now
Economy|Finance

Russian central bank sharply hikes rates to 18%, promises further tightening

Russia's central bank hiked its key interest rate by 200 basis points to 18% on Friday, the highest level in more than two years, and vowed to

Russian central bank sharply hikes rates to 18%, promises further tightening
Business|Entertainment|Finance

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global, CNBC reported on Friday.

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports
Business|Economy|Finance

Insurer Mapfre buoyed by US recovery and fewer natural disasters

Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States

Insurer Mapfre buoyed by US recovery and fewer natural disasters
Business|Economy|Finance|Stock Markets

3M shares soar as strong results highlight cost cuts, growth push

3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth

3M shares soar as strong results highlight cost cuts, growth push
Economy|Finance|Stock Markets

TSX adds to weekly winning streak in broad-based rally

Canada's main stock index notched broad-based gains on Friday to extend its weekly winning streak, as investors cheered U.S. inflation data that could clinch the start of

TSX adds to weekly winning streak in broad-based rally
Economy|Finance

Equities, bonds draw inflows in latest week, BofA report says

Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the U.S., Bank of America Global Research said, as investors brought forward expectations for

Equities, bonds draw inflows in latest week, BofA report says
Economy|Finance|Technology

Wall St closes up on revival supported by inflation data, tech stocks

Wall Street's major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data

Wall St closes up on revival supported by inflation data, tech stocks

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