30 September 2022
Chicago 12, Melborne City, USA
Business

5 things to know before the stock market opens Monday, September 26

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Here are the most important news items that investors need to start their trading day: 1. Bad start for stocks Stocks are still in a funk. The three major indices were down Monday, indicating that last week’s troubles would continue. On Friday, the Dow […]

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Business

Sterling falls to record low of $1.035 against the dollar

Sterling slid as much as 4.7 per cent against the dollar to $1.035, hitting a record low in Asian trading on Monday after UK chancellor Kwasi Kwarteng vowed to pursue more tax cuts. Kwarteng on Friday unveiled a £45bn debt-financed package containing the biggest set of tax cuts for 50 years. UK government bonds sold […]

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Business

Pound continues fall in early Asia trading as crisis looms for Truss

The market selloff that followed the release of the UK government’s fiscal plan extended into a new week, heaping the pressure on Liz Truss’s days-old administration. Kwasi Kwarteng’s all-out gamble on tax cuts and extra borrowing to stimulate the economy sparked a ferocious and damaging assessment from investors on Friday that sent UK assets tumbling. […]

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Business

Rihanna to perform at Super Bowl halftime show in Arizona By Reuters

© Reuters. FILE PHOTO: Rihanna poses during the premiere of Rihanna’s Savage X Fenty Show Vol. 3 event in New York City, U.S., September 22, 2021. REUTERS/Stephen Yang/File Photo (Reuters) – Rihanna will perform at the Super Bowl halftime show in February in Glendale, Arizona, the National Football League announced on Sunday. The Grammy-winning Barbadian […]

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Business

JPMorgan and Goldman retain top two spots in global investment banking table (NYSE:JPM)

Chris Hondros Investment banks have been facing headwinds in 2022 as climbing interest rates make M&A more expensive and raising capital in the debt markets less appealing. And volatile markets have resulted in some companies delaying IPOs and other equity offerings. Through Sept. 14, the 10 biggest investment banks generated $56.4B in revenue this year, […]

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Business

Italy poised for hard-right leader as country votes in snap election

Giorgia Meloni, leader of the right-wing party Fratelli d’Italia (Brothers of Italy) holds a giant Italian national flag during a political rally on February 24, 2018 in Milan, Italy. Emanuele Cremaschi | Getty Images Italians head to the polls Sunday in a nationwide vote that could return the country’s first female prime minister and the […]

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Business

GM issues return-to-office mandate for remote workers

General Motors Co. became the latest company to ask corporate employees to return to the office at least part of the time.  Employees who had worked remotely during the Covid-19 pandemic are expected to “pivot to a more regular in-person work cycle,” which includes three days on GM’s campus each week, a spokesperson said Friday. The […]

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Business

DID you see what Africa is doing with Web3? By Cointelegraph

Crypto Biz: DID you see what Africa is doing with Web3? If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or DIDs, bring real meaning and utility to Web3. If you haven’t yet wrapped […]

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Business

Investors pile into insurance against further market sell-offs

Investors are buying record amounts of insurance contracts to protect themselves from a sell-off that has already wiped trillions of dollars off the value of US stocks. Purchases of put option contracts on stocks and exchange traded funds have surged, with big money managers spending $34.3bn on the options in the four weeks to September […]

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Business

Financial stocks-weekly-roundup (NYSE:CS) | Seeking Alpha

sutthirat sutthisumdang/iStock via Getty Images In a week when red dominated equity markets, Credit Suisse (NYSE:CS) dropped the most of financial stocks with market cap over $2B for the week ended Sept. 23. after media reports that it approached investors to raise fresh capital. Meanwhile, the shares rising the most were led by the ADSs […]

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