Finance·5,882 stories
Finance News — Page 34
23K July jobs lost; Bessent's yen note triggers intervention
America's labor market broke the wrong way in July: 23,000 jobs lost against an 80,000 gain expected, with May and June sliced down a combined 103,000. September Fed hike odds cratered from 57% to 43.
Elevator giant Otis wants to be a defensive play in a volatile market. It has to prove itself first
Otis, the world's largest elevator company, is pitching itself as a defensive stock in a volatile market, but a service-business stumble and roughly 15% year-to-date stock decline leave it needing to
Brazil's central bank orders exchanges to delay large crypto transfers abroad
Brazil's central bank will require crypto exchanges to delay customer transfers to foreign platforms and self-custody wallets for up to 24 hours as part of new anti-fraud rules taking effect January 1
Thune Files Cloture on CLARITY Act, Sets September Senate Vote
Senate Majority Leader Thune filed cloture on the CLARITY Act, setting up a September vote to advance landmark crypto legislation stalled over ethics provisions targeting President Trump's digital-ass
CLO ETFs Gain Traction Amid Fed Rate Uncertainty
VettaFi research head Todd Rosenbluth says CLO ETFs are gaining momentum as investors seek short-term floating-rate exposure while awaiting clarity on the Federal Reserve's next interest-rate move, wi
US Cuts 23,000 Jobs; Mortgage Rates Rise Again
US employers unexpectedly shed 23,000 jobs while mortgage rates climbed again, a surprise downturn that sent markets rallying and left outlets calling the economic picture 'confounding.'
FIFA Scraps World Cup Stake Sale to Tech Investors
FIFA abandoned its plan to sell a minority stake in the World Cup to a tech-investor consortium led by Thrive Eternal after fierce opposition and calls for president Gianni Infantino to resign, exposi
Nansen founder: Bitcoin will never fall below $60K
Nansen founder Alex Svanevik declared Bitcoin will never revisit sub-$60,000 territory, citing its role as a hedge against central bank money creation, while veteran investor Michael Terpin countered
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard
Berkshire Hathaway posted a 16% jump in Q2 operating earnings as new CEO Greg Abel accelerated share buybacks and reversed 14 straight quarters of net stock selling, finally putting Warren Buffett's r
For retirees, staying in the stock market is critical. How much exposure is the make-or-break question
Retirees should maintain significant stock market exposure to combat inflation and longevity risk, with advisors now recommending 40% to 80% equity allocation instead of the traditional conservative a
S&P 500 options volume shatters records in 3.6% weekly rally
The S&P 500 surged to new all-time highs this week with record-shattering options trading volumes, as the VIX dropped to its lowest level since January and semiconductor stocks led a broad rally.
US Treasury Joins Yen Rescue With Unusual Euro-Swap Move
US Treasury Secretary Scott Bessent coordinated with the Bank of Japan to halt the yen's slide, deploying euro reserves rather than dollars to avoid deepening pressure on US bond markets.
The 24 hours that could change Canada’s economic trajectory
Canada is hosting its inaugural Investment Summit in Toronto on Sept. 14-15, drawing roughly 250 executives from nearly 100 global investment organizations managing about $120-trillion, as PM Mark Car
A $110 million question: How safe are crypto wallets, and what’s the best way to store Bitcoin?
A software flaw in Canada-based Coinkite's Coldcard hardware wallets led to the theft of over 1,755 Bitcoin worth roughly $110 million, reopening debate over how Bitcoin holders should actually store
Weak Jobs Report Clouds Economy as Midterms Loom
A surprise weak U.S. jobs report has clouded the economic outlook ahead of Trump's midterm push, with employer hiring reversing and markets paradoxically rallying on the news.
Donald Trump’s media company to terminate Crypto.com deal
Trump Media and Technology Group is scrapping its $6.4 billion CRO token deal with Crypto.com and dropping plans to integrate prediction markets onto Truth Social, opting instead to pursue a merger wi
Trump Media Scraps CRO Treasury Deal With Crypto.com
Trump Media and Crypto.com scrapped their planned CRO token accumulation venture and a related ETF servicing deal, pivoting Trump Media back to core media and its pending fusion-energy merger as the d
AI Trade Rebounds as Microsoft, Amazon Earnings Validate Capex
The forced unwind of the Situational Awareness hedge fund cleared leveraged speculators from AI stocks, but blowout earnings from Microsoft, Amazon and others showed the AI infrastructure trade is now
Fed September Rate Hike Doubted After July Jobs Loss
The Federal Reserve's expected September interest rate hike is now in serious doubt after the U.S. economy unexpectedly shed 23,000 jobs in July, prompting economists to reverse course on their rate e
Insight/Low%20Res%20Insight%20Headers/earnings%20insight%201.jpg)
S&P 500 Posts Biggest Earnings Beat Ever
S&P 500 earnings season is delivering its strongest results on record, with 86% of reporting firms beating EPS estimates and the index logging its biggest aggregate earnings beat ever — even excluding
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.