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

Australia's Finance Department Admits Second Data Leak in 4 Months That Revealed Confidential Information
Australia's finance department has admitted to accidentally sharing confidential commercial information for the second time.
Amazon to Take Walgreens' Spot in the Dow Jones Industrial Average Next Week
Amazon is set to replace Walgreens Boots Alliance in the Dow Jones Industrial Average.
Bitcoin Crosses $1 Trillion Market Value Again After Its Price Jumped 22% to $52,005
Bitcoin, the world's biggest cryptocurrency, has jumped 22% this year to $52,005, putting its market value above $1 trillion for the first time since its record peak in late 2021.
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Polymetal International Sells Its Russian Assets to Siberian Gold Miner for Nearly $3.7 Billion
Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion.
US Dollar Is Still the World's Reserve Currency, Fed Governor Says
Federal Reserve Governor Christopher Waller has affirmed that the US dollar will remain the world's reserve currency.
JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps
JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.
Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers
The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.
Former Ron DeSantis Wall Street Fundraiser Shifts Focus to Donald Trump's Campaign, Aiming to Raise Over $3 Million
Former Wall Street executive Omeed Malik, known for his involvement in fundraising for Florida Governor Ron DeSantis, is now redirecting his efforts towards supporting former President Donald Trump's
Goldman Sachs Reportedly Under Investigation Over Fees Charged for Futures Trading
Goldman Sachs is reportedly facing an investigation over fees it charges for futures trading.
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