Finance/Venture

Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding

Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.


Big European Banks to Report Q2 Earnings This Week

The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European C..

Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race

Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November...

HSBC Promotes CFO Georges Elhedery to CEO

HSBC announced that Georges Elhedery, its chief financial officer, will become the firm’s next CEO effective Sept. 2...


Latest News

Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
US Small Business Confidence Ticks Up for First Time in 2024, But Inflation Remains a Headache for Owners
US small business confidence improved in April, but inflation remains a top concern for owners, according to a new survey.
AMC Raises $250 Million in Stock Sale as Meme Stock Surge
AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.
Japan's Finance Minister Stresses Close Coordination with Bank of Japan
Japanese Finance Minister Shunichi Suzuki told reporters about the importance of the government cooperating and coordinating its financial goals with the Bank of Japan.
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million.
RBNZ Expects 2.3% Drop in New Zealand’s Q2 Inflation Rate
The Reserve Bank of New Zealand is expected to report a drop in its second quarter 2024 interest rates, which could be estimated to be at 2.3%.
Shein Pushing for London IPO Launch Amid US Listing Hurdles
Chinese fast-fashion giant Shein is reportedly intensifying its efforts for a London stock market debut amid uncertainty on the likelihood of receiving approval from the US Securities and Exchange Com
US Federal Judge Overturns $8 Cap on Late Credit Card Fees
US District Court Fort Worth judge Mark Pittman blocked the new rule imposed by the Consumer Financial Protection Bureau capping credit card late fees at $8.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
The U.S. government weighs sanctions targeting Chinese banks. Can this help stop Russia from invading Ukraine?
Donald Trump Net Worth Reaches an All-Time High After Truth Social Stock Jumps Over 10%
Shares of Trump Media soared over 10% on Monday, reaching levels not seen since late March and boosting the net worth of former President Donald Trump to an all-time high.
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