Today: October 05, 2024
Today: October 05, 2024

Finance

Asia|Economy|Finance|Stock Markets

Stock market today: Dow sets a record as Wall Street drifts to the finish of another winning week

U.S. stocks closed another record-setting week with a muted performance

Stock market today: Dow sets a record as Wall Street drifts to the finish of another winning week
Business|Finance|Technology

Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform

A Florida firm that had a 5.5% stake in Trump Media & Technology Group has disposed of most of their holdings in the company, which owns former president Donald Trump’s Truth Social platform

Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform
Business|Economy|Finance

TPG buys minority stake in wealth manager Homrich Berg

Private equity firm TPG has agreed to buy a minority stake in Homrich Berg, an investment that would allow the wealth management firm to pursue growth

TPG buys minority stake in wealth manager Homrich Berg
Business|Economy|Finance

China stimulus, mighty gold puts silver on a streak, but not without risk

Silver prices have bubbled up to their highest in over a decade on the back of bullion's stellar bull run and China's stimulus measures, although some analysts expect the

China stimulus, mighty gold puts silver on a streak, but not without risk
Business|Finance|Technology

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
Business|Economy|Finance

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years

The average rate on a 30-year mortgage in the U.S. slipped this week to its lowest level in two years, boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years
Business|Europe|Finance

Funds approach Eni for second biofuel stake sale as it readies deal with KKR, sources say

Suitors have approached Eni over the potential sale of a second stake in its biofuel unit Enilive as the Italian group discusses the final details of a deal to

Funds approach Eni for second biofuel stake sale as it readies deal with KKR, sources say
Africa|Economy|Finance

African countries eye world’s first joint 'debt-for-nature' swap

At least five African countries are working on what could be the world's first joint "debt-for-nature" swap to raise at least $2

African countries eye world’s first joint 'debt-for-nature' swap
Crime|Economy|Finance|News

US charges two Russians accused of running billion-dollar money laundering schemes

US charges two Russians accused of running billion-dollar money laundering schemes

US charges two Russians accused of running billion-dollar money laundering schemes
Asia|Economy|Finance|News|World

Pakistan wins more financing assurances from China, UAE, Saudi IMF official says

Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program

Pakistan wins more financing assurances from China, UAE, Saudi IMF official says
Business|Finance|Stock Markets

Natgas producer BKV valued at $1.56 billion in NYSE debut

Shares of BKV rose 3.1% in their debut on the New York Stock Exchange on Thursday, giving the U.S. natural gas producer a market capitalization

Natgas producer BKV valued at $1.56 billion in NYSE debut
Asia|Business|Economy|Finance

China Evergrande's liquidators still in talks for stake sale in EV unit

(This Sept. 26 story has been corrected to remove the incorrect references to liquidators of China Evergrande New Energy Vehicle Group as they are related to parent company China

China Evergrande's liquidators still in talks for stake sale in EV unit
Business|Finance|Health|News|Stock Markets

Healthcare firm Guardian Pharmacy valued at about $880 million in lukewarm NYSE debut

Guardian Pharmacy's shares rose 3.3% in their NYSE debut on Thursday, giving the healthcare firm a market valuation of about $880 million, as investors remained selective about new listings

Healthcare firm Guardian Pharmacy valued at about $880 million in lukewarm NYSE debut
Business|Economy|Finance

Wells Fargo sends Fed crucial review for lifting asset cap, Bloomberg News reports

Wells Fargo has sent the Federal Reserve a third-party review of its risk and control overhauls as it looks to shed an asset cap imposed by the regulator, Bloomberg News reported on

Wells Fargo sends Fed crucial review for lifting asset cap, Bloomberg News reports
Economy|Finance|News|World

US imposes fresh Russia- and cyber-related sanctions

The United States on Thursday imposed sanctions on alleged Russian money laundering operations that catered to cybercriminals and involved three

US imposes fresh Russia- and cyber-related sanctions
Business|Economy|Finance

Most investors mull portfolio changes ahead of US election, UBS survey shows

Most wealthy investors are considering changes in their portfolios ahead of the Nov.

Most investors mull portfolio changes ahead of US election, UBS survey shows
Business|Economy|Finance

US core capital goods orders rise in August

New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter.

US core capital goods orders rise in August
Business|Economy|Europe|Finance

Swiss National Bank's next chairman sticks to price stability goal

The Swiss National Bank's departing chairman Thomas Jordan made his last public appearance on Thursday, with his successor - Vice Chairman Martin Schlegel - pledging to stick to the

Swiss National Bank's next chairman sticks to price stability goal
Business|Finance|Technology

Visa bolsters financial crime prevention portfolio with Featurespace deal

Visa agreed to buy AI-driven payments protection firm Featurespace on Thursday, marking the payments giant's latest effort to strengthen its financial crime and fraud

Visa bolsters financial crime prevention portfolio with Featurespace deal
Business|Economy|Finance

OPEC+ set to go ahead with Dec oil output hike, sources say

The Organization of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in

OPEC+ set to go ahead with Dec oil output hike, sources say
Business|Economy|Finance|News

The Post Office wants stamp prices to rise five times over the next three years

The Post Office wants stamp prices to rise five times over the next three years

The Post Office wants stamp prices to rise five times over the next three years
Business|Economy|Finance|News|Stock Markets

Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say

Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to

Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Business|Economy|Finance|News

US second-quarter economic growth unrevised; GDI revised sharply higher

U.S. economic growth accelerated in the second quarter amid strength in consumer spending, the government confirmed on Thursday.

US second-quarter economic growth unrevised; GDI revised sharply higher
Economy|Finance|News

Low weekly US jobless claims, robust corporate profits highlight economy's resilience

The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained

Low weekly US jobless claims, robust corporate profits highlight economy's resilience

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