Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Over 5,500 Still Missing in China and Nepal as Flood Toll Passes 1,300

More than 5,500 remain missing in China and Nepal twelve days after floods killed over 1,300, as the UN launches a $50m aid appeal.

Australia Plans Law Letting Users Switch Off Social Media Algorithms

Australians could opt out of social media algorithms under a proposed "digital duty of care" law targeting Meta, Google and TikTok, a minister said Monday.

Anak Krakatau Eruption Cancels Hundreds of Flights at Jakarta Airport

Mount Anak Krakatau's eruption disrupted hundreds of flights across Indonesia, with cancellations at Jakarta's airport stretching into Monday.

US Envoys Hold Substantive Kyiv Talks, But Russia-Ukraine Gaps Persist

US envoys Witkoff and Kushner held substantive talks with Zelenskyy in Kyiv a day after meeting Putin, but core Russia-Ukraine differences remain.

Recession Fears Fuel Bond Rally as Rate Cut Expectations Surge

A sharp reassessment of U.S. interest rate cut expectations is intensifying an already robust bond rally, driven by recent weakening economic data. Investors are...

Weak U.S. Employment Report Spurs Fears of Recession, Prompts Aggressive Fed Rate Cut Predictions

A surprisingly weak U.S. employment report for July has shifted Wall Street's confidence in a soft economic landing to near panic over an impending...

AMC Entertainment Reports Q2 Loss Amidst Lingering Impact of Hollywood Strikes

AMC Entertainment Holdings, the world's largest theater chain, reported a net loss for the second quarter, attributing the downturn to the prolonged impact of...

Colombia Central Bank Revises 2024 Inflation Forecast to 5.7%

Colombia's central bank technical team has adjusted its inflation outlook for the year 2024, revising the forecast to 5.7% from an earlier estimate of...

JPMorgan Considers Legal Action Against CFPB Over Zelle Inquiries

JPMorgan Chase announced on Friday that it is contemplating legal action against the Consumer Financial Protection Bureau (CFPB) due to the agency's ongoing investigations...

Fed’s Goolsbee Advocates for Steady Approach Amid Weak July Jobs Data

Chicago Federal Reserve Bank President Austan Goolsbee emphasized on Friday that the U.S. central bank should proceed cautiously and steadily, countering market expectations for...

Amazon Shares Plummet Over 12% Amid Slowdown in Online Sales Growth

Shares of Amazon.com (AMZN.O) dropped more than 12% on Friday after the company reported a deceleration in online sales growth for the second quarter...

SVB Financial Group Approved to Transfer Assets to Creditors and Conclude Bankruptcy

SVB Financial Group, the former owner of the now-defunct Silicon Valley Bank, received approval from a U.S. judge on Friday to transfer its remaining...

Hedge Funds Increase Bearish Bets Amid Concerns of U.S. Economic Slowdown

Global hedge funds have been increasingly adding bearish equity bets to their portfolios, driven by fresh data suggesting a faster-than-anticipated slowdown in the U.S....

Richmond Fed President Barkin Holds Firm on Monetary Policy Despite Weak Jobs Data

Richmond Federal Reserve President Thomas Barkin stated that he is not ready to alter his monetary policy outlook despite the unexpectedly weak U.S. jobs...

U.S. Justice Department Sues TikTok Over Children’s Privacy Violations

The U.S. Justice Department filed a lawsuit on Friday against TikTok and its parent company ByteDance for failing to protect children's privacy on the...

U.S. Unemployment Rate Rises to Near Three-Year High, Sparking Recession Fears

The U.S. unemployment rate jumped to 4.3% in July, reaching its highest level in nearly three years and fueling concerns about a potential recession....

U.S. Stocks Decline Amid Recession Fears and Weak Jobs Report

U.S. stocks experienced a significant sell-off for the second straight session on Friday, as the Nasdaq Composite entered correction territory. The downturn was triggered...

Eli Lilly’s Zepbound Shows Promise in Treating Heart Failure with Obesity

Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients with a common type of heart failure and obesity, according to late-stage...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness