Today: September 24, 2024
Today: September 24, 2024

Finance

Business|Finance

Paramount, Skydance merger faces court challenge by shareholder

A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery

Paramount, Skydance merger faces court challenge by shareholder
Business|Finance|Technology

Sibanye Stillwater delays releasing results after cyberattack

Sibanye Stillwater will release half-year financial results on Sept. 12, two weeks later than scheduled, after a cyberattack on its IT system caused limited disruption to its global

Sibanye Stillwater delays releasing results after cyberattack
Finance|Stock Markets|Technology

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets

Making leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues.

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets
Business|Economy|Finance

Kroger, Albertsons $25 billion deal halted until Colorado trial in September

The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery

Kroger, Albertsons $25 billion deal halted until Colorado trial in September
Economy|Finance

Top critics challenge Russian central bank, point to China's rate cuts

The Russian central bank's independence is set to be tested as it prepares to hike interest rates on Friday amid growing pressure from opponents - including

Top critics challenge Russian central bank, point to China's rate cuts
Business|Economy|Finance|Stock Markets

Ford shares slide as disappointing Q2 adjusted profit rattles investors

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Business|Economy|Finance

India will not sign global tax deal until its concerns are addressed, official says

India will not sign a global corporate tax deal focused on highly profitable multinational firms unless its concerns on dispute resolution and the

India will not sign global tax deal until its concerns are addressed, official says
Economy|Finance

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger

Zimbabwe's 2024 budget deficit is forecast to be 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday, but warned that concerns remained

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger
Business|Economy|Finance|Stock Markets

Nasdaq profit beats as fintech sales jump, shares soar

Nasdaq's second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate

Nasdaq profit beats as fintech sales jump, shares soar
Economy|Europe|Finance

Russia moves towards letting foreign banks open branches in Russia

Russian lawmakers gave preliminary approval to proposed legislation on Thursday that would allow foreign banks to open branches in Russia, a step the finance ministry said it hoped

Russia moves towards letting foreign banks open branches in Russia
Economy|Finance

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Business|Economy|Finance|Stock Markets

Small stocks are about to take over? Wall Street has heard that before.

After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently

Small stocks are about to take over? Wall Street has heard that before.
Business|Economy|Finance

BofA payments app for businesses handled record $500 billion by mid-year

Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

BofA payments app for businesses handled record $500 billion by mid-year
Business|Economy|Finance

Power company PG&E beats second-quarter profit estimates on higher rates

Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

Power company PG&E beats second-quarter profit estimates on higher rates
Asia|Economy|Finance

Pakistan's finance minister in Beijing to seek debt relief, say sources

Pakistan's Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the

Pakistan's finance minister in Beijing to seek debt relief, say sources
Business|Economy|Finance

Coinbase UK unit fined for breaching financial crime requirements

A Coinbase business in Britain has been fined for breaching a regulatory agreement to improve its defences against financial crime, in the first sanction of its kind in

Coinbase UK unit fined for breaching financial crime requirements
Business|Economy|Finance|News

The US economy is pulling off something historic

The US economy is pulling off something historic

The US economy is pulling off something historic
Business|Economy|Finance

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena

Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Business|Economy|Finance

Carrier's profit beats estimates on price hikes, demand for cooling systems

Carrier Global surpassed analysts' estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air conditioning products

Carrier's profit beats estimates on price hikes, demand for cooling systems
Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes
Business|Entertainment|Finance

Universal Music Group shares drop 30% as streaming growth disappoints

Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second

Universal Music Group shares drop 30% as streaming growth disappoints
Business|Finance|Health

AbbVie lifts 2024 profit forecast, shares hit record high

AbbVie increased its profit forecast for 2024 on Thursday after reporting strong sales of immunology drugs and quarterly results that exceeded Wall Street

AbbVie lifts 2024 profit forecast, shares hit record high
Business|Economy|Finance

Harley-Davidson's profit beats on strong demand for pricier Touring bikes

Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's

Harley-Davidson's profit beats on strong demand for pricier Touring bikes
Business|Economy|Finance

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower second-quarter profit on Thursday, but managed to beat earnings estimates as strong processing volumes offset a slump in margins.

Valero Energy beats estimates, but second-quarter profit falls on weak margins
Economy|Finance|Stock Markets

TSX hits 2-week low as industrials, gold mining shares fall

Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically

TSX hits 2-week low as industrials, gold mining shares fall

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