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

Donald Trump's New Deal With Republican National Committee Prioritizes the Committee Paying His Legal Bills
Former President Donald Trump and the Republican National Committee (RNC) have a new joint fundraising agreement that prioritizes the committee paying his legal bills.
Florida Trust Fund Firm Loses Over $100 Million Intended for Disabled Children, Leaving Hundreds of Families Devastated
A Florida special needs non-profit went bankrupt, losing hundreds of families' trust fund worth more than $100 million intended for their disabled children.
Asian Markets to Gain on Fed Rate Cut Signal; Japan's Yen Remains on the Brink
Asian markets are poised for further gains after US markets' positive reaction to the Federal Reserve's signal that interest rates could be slashed by 75 basis points this year.
Chubb Declines to Provide Donald Trump With $464 Million Appeal Bond in Civil Fraud Case After Backing E. Jean Carroll Bond
Chubb has declined to handle former President Donald Trump's $464 million bond that he now needs in his New York civil business fraud case.
Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses
Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.
From Houston to the World: The Cannon's Blueprint for Building Thriving Startup Communities
The Cannon is a community dedicated to supporting innovators, entrepreneurs, small businesses, investors, and service providers. It aims to foster connections and provide resources to help individuals
Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
SpaceX Reportedly Building $1.8 Billion Spy Satellite Network for US Intelligence
The "secret" SpaceX project involves a sophisticated network of surveillance or spy satellites for US intelligence, supported by a $1.8 billion contract with the NRO, aiming to improve national securi
Warren Buffett-Led Berkshire Hathaway Raises Pay for the 93-Year-Old Billionaire's Successor Greg Abel to $20 Million
The Warren Buffett-led conglomerate Berkshire Hathaway has increased the pay of Greg Abel, the 93-year-old billionaire's designated successor, to $20 million.
Japan Expanding QR Code Payments Globally by 2025, Talks Underway in Southeast Asia
Japan's QR code payment expansion targets global adoption by 2025, aiming to streamline cross-border transactions and strengthen ties with Southeast Asia, countering China's influence.
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